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Life insurance corporation, popularly known as lic is indian state-owned insurance group and investment company. Buy life insurance plans and policies from LIC of india avail tax benefits with multiple cover options.
Life Insurance Corporation of India (LIC) is an Indian multinational Central Public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [3]
Mar 20, 2022 · Life Insurance Corporation of India, till the 90s, was the only company in life insurance. IRDAI was established in 1999, and many private insurance companies were also born. Talking about the present, today, there are 23 private companies and one government company LIC in life insurance.
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Jan 20, 2015 · Life Insurance Corporation (LIC) is often known as the 'lender of the last resort' and a proxy for the government to bail out state-owned companies.
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May 7, 2022 · In 2000 India allowed private firms to sell life insurance again. Two decades later it is selling a 3.5% sliver of LIC on the public market, a first step in what is intended to be a full ...