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Insurance & Financial Services
About
Life Insurance Corporation of India (LIC) is India's largest and oldest life insurer, formed in 1956 by nationalising 245 private and provident insurance companies. LIC serves 300+ million policyholders through 1.4 million agents and 2,000+ branch offices — the largest life-insurance distribution force in the world — and holds the majority of India's life-insurance market. In May 2022, LIC's IPO was India's largest ever, and it remains a foundational institution of Indian financial life, funding infrastructure, government bonds, and equity markets on a scale rivalling any Indian institutional investor. LIC's Yogakshema headquarters at Nariman Point is one of Mumbai's iconic buildings, and its agent-driven, trust-first model is unique in world insurance.
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