Founded in 1956, the Life Insurance Corporation of India (LIC) is India's largest and oldest life insurance company, owned by the Government of India. Its mission is to spread life insurance widely across the country, particularly in rural areas, to provide individuals with financial cover against death at a reasonable cost. LIC offers a diverse portfolio of products, including term insurance, endowment plans, pension plans, and unit-linked plans. "Dhan Sanchay" is one of its specific offerings, which is a non-linked, non-participating, individual, savings life insurance plan.

Founded in

India