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(opens in a new tab)Life Insurance Corporation of India
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InsuranceAbout Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) is the largest insurance company in India, established in 1956. As of 2023, LIC holds a market share of approximately 69.91% in the life insurance sector. The company reported a profit of ₹104.61 billion for the first quarter of FY25, marking a 9.6% increase year-on-year. Key offerings include:
• Life Insurance Products: A variety of plans including term life, whole life, and endowment policies.
• Health Insurance: Coverage options for individuals and families.
• Pension Plans: Retirement savings solutions.
• Group Insurance: Policies for corporate clients to cover employee benefits.
LIC is focusing on expanding its portfolio with higher-margin non-participating policies and has plans to acquire a majority stake in a health insurance company to enhance its offerings further
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Support Number
+912268276827
Address
Yogakshema', Jeevan Bima Marg, Nariman Point, Mumbai 400021
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