LIC Profile 2021
The Life Insurance Corporation of India came into existence on 1st
September, 1956, with the objective of spreading life insurance
more widely and in particular to the rural areas with a view to
reach all insurable persons in the country, providing them
adequate financial cover at a reasonable cost .
From then to now, LIC has crossed many milestones and has set
unprecedented performance records in various aspects of life
insurance business. LIC continues to be the dominant life insurer
even in the liberalized scenario of Indian insurance and is moving
fast on a new growth trajectory surpassing its own past records.
In its 61 years of existence, LIC has grown from strength to
strength be its customer base, agency network, branch office
network, new business premium and has a significant role in
spreading life insurance widely across the country.
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Awards & Achievements:
LIC has crossed many milestones and has set unprecedented
performance records in various aspects of life insurance business.
LIC continues to be the dominant life insurer even in the
liberalized scenario of Indian insurance and is moving fast on a new
growth trajectory surpassing its own past records. In its 61 years
of existence, LIC has grown from strength to strength be its
customer base, agency network, branch office network, new business
premium and has a significant role in spreading life insurance
widely across the country.
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