64 YEARS- Protecting Lives, Ensuring Happiness LIFE INSURANCE CORPORATION OF INDIA
Life Insurance Corporation of India enters 65th year of its existence on 1st September, 2020. A premier financial institution of the country, it has immensely contributed to propagating the message of life insurance. In its 64 years of existence. LIC has spread its wings from being the leading Life Insurance Company into an internationally recognized financial conglomerate with the presence in fourteen countries. It has also ventured into other financial services through its Subsidiaries and Associates viz LIC HFL Ltd, LIC Pension Fund Ltd, LIC Mutual Fund, LIC Cards Services Ltd, IDBI Bank Ltd , LIC HFL Care Homes Limited, LICHFL Financial Services Limited, and LICHFL Asset Management Company Limited. Starting with an initial capital of Rs.5 Crore in 1956, today LIC has Asset base of Rs. 31,96,214.81 Crore, with Life Fund to the tune of Rs. 31,14,496.05 Crore. LIC has always been at the forefront in Nation Building Activities by deploying the funds to the best advantage