LIC is the largest institutional investor in Indian market and has a whopping $520 billion in total assets under its management. Credit: DH Photo
From 168 offices in 1956, LIC now functions with 2,048 fully computerised branch offices, 113 divisional offices, 8 zonal offices, 1,381 satellite offices and the Corporate office. Credit: DH Photo
LIC has a presence of more than 65 years and is one of the most reliable and trustworthy insurance companies in India. Credit: Reuters Photo
LIC has a pan-India network and covers more than 91% of all districts in India. Credit: Bloomberg
With a valuation of $8.656 billion, LIC is the third strongest insurance company on this planet. Credit: Reuters Photo
From 1956 to 2000, LIC was a monopoly in the insurance sector and was the only life insurer in India. Credit: Reuters Photo
Life Insurance Corporation (LIC) owns more state and central government bonds than the Reserve Bank of India. Credit: Reuters Photo
Not many know that IRDAI has identified LIC as a domestic systemically important insurer (D-SII). Credit: DH Photo
Reportedly, 10% of every rupee saved in an Indian household goes to LIC every year. This makes it larger than the State Bank of India’s saving deposit. Credit: PTI Photo
Published 26 April 2022, 10:11 IST