life insurance corporation



life insurance corporation

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Life Insurance Corporation of India
TypePublic limited company or Government-owned corporation
FoundedSeptember 1, 1956
HeadquartersHeadquarters in Mumbai, India (Various other locations in India and abroad)
Key peopleT. S. Vijayan (Chairman), D. K. Mehrotra and Thomas Mathew (Managing Directors)
IndustryLife insurance
ProductsInsurance and Pension Plans
Revenue Rs.? (2005-2006)
Operating incomeRs. ?
Net incomeRs. ?
EmployeesOver 1 000 000
ParentNIL
SubsidiariesLIC Housing Finance Limited, LIC Nepal, LIC Lanka
Websitehttp://www.licindia.com

The Life Insurance Corporation of India (LICI) is the largest life insurance company in India; it is fully owned by the Government of India. It was founded in 1956.

Headquartered in Mumbai, which is considered the financial capital of India, the Life Insurance Corporation of India currently has 7 zonal Offices and 100 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India, and has a network of around one million agents for soliciting life insurance business from the public.



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Life Insurance Corporation of India

Comprehensive life insurance policy with stress to the rural areas and to the socially and economically backward classes.

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