Established in 1956, the Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in Mumbai. It was created by nationalizing the insurance industry in India. LIC's mission is to spread life insurance widely, particularly in rural areas and to the socially and economically underprivileged, with the goal of providing financial cover at a reasonable cost. As the largest insurance company in India, it offers a vast portfolio of products, including life insurance plans, pension plans, unit-linked plans, and group schemes, and is also a significant institutional investor in the Indian stock market.

Founded in

India