CORPORATION

Life Insurance coverage Company

Life,Insurance,Corporation 119,767 Mar,20121 Subsidiaries LIC,Housing,Finance LIC,Pension,Fund,Ltd LIC,International LIC,Cards,Services LIC,Mutual,Fund Website wwwlicindiain Life,Insurance,Corporation,of,India,LIC,is,an,Indian,state-owned,insurance,group,and,investment,company,headquartered,in,Mumbai,It,is,the,largest,insurance,company,in,India,with,an,estimated,asset,value,of,₹1,560,482,crore,US$230billion2,As,of,2013,it,had,total,life,fund,of,Rs143310314,crore,with,total,value,of,policies,sold,of,36782,lakh,that,yearcitation,needed The,Life,Insurance,Corporation,of,India,was,founded,in,1956,when,the,Parliament,of,India,passed,the,Life,Insurance,of,India,Act,that,nationalised,the,private,insurance,industry,in,India,Over,245,insurance,companies,and,provident,societies,were,merged,to,create,the,state,owned,Life,Insurance,Corporationcitation,needed Contents 1,History 11,Founding,organisations 12,Nationalisation,in,1956 13,Growth,as,a,monopoly 14,Liberalisation,post,2000s 2,Products,and,services…