LIC India

Established under Section 3 of the LIC Act, 1956, the Life Insurance Corporation of India (LIC) commenced operations on September 1, 1956, aiming to extend life insurance coverage, especially in rural areas, to all insurable individuals nationwide at affordable rates. Over its 65-year journey, LIC has witnessed substantial growth in its customer base, agency network, branch offices, and new business premiums, playing a pivotal role in popularizing life insurance across India. Its mission is to improve people's quality of life through financial security by offering products with competitive returns and contributing resources to economic development.