The Life Insurance Corporation of India (LIC) is the largest life insurance company in India; it is fully owned by the Government of India. It was founded in 1956. Headquartered in Mumbai, which is considered the financial capital of India, the Life Insurance Corporation of India currently has 7 zonal Offices and 100 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India, and has a network of around one million agents for soliciting life insurance business from the public

Over its existence of around 50 years, Life Insurance Corporation of India, which commanded a monopoly of soliciting and selling life insurance in India, created huge surpluses, and contributed around 7 % of India’sGDP in 2006. The Corporation, which started its business with around 300 offices, 5.6 million policies and a corpus of INR 45.9 Crores, has grown to 2,048 offices servicing around 18 Crores policies and a corpus of over INR 3,40,000 Crores.

The organization now comprises 2048 branches, 100 divisional offices and 7 zonal offices, and employs over 10,00,000 agents. It also operates in 12 other countries, primarily to cater to the needs of Non Resident Indians. With the change in the India’s economic philosophy from the early 1990's , and the subsequent relaxation of state control over several sectors of the economy, the monopolistic position of the Life Insurance Corporation of India was diluted, and it has had to compete with a number of other corporate entities, Indian as well as transnational Life Insurance brands

LIFE Insurance Corp.- LIC  |   ICICI Prudential Life Insurance India  |   BAJAJ Allianz Life Insurance India  |   BIRLA SUN Life Insurance India  |   TATA AIG Life Insurance India  |   HDFC Standard Life Insurance India  |   RELIANCE Life Insurance India  |   SBI Life Insurance India  |   OM KOTAK Life Insurance India  |   MAX NEW YORK Life Insurance India  |   METLIFE Insurance India  |   ING VYSYA Life Insurance India  |   AVIVA Life Insurance India  |   BHARTI AXA Life Insurance India  |   SAHARA Life Insurance India  |  

 RELIANCE General Insurance India  |   ICICI Lombard General  |   BAJAJ Allianz General Company  |   TATA AIG General Insurance  |   HDFC CHUBB General Insurance  |   IFFCO TOKYO General Company  |   ROYAL Sundaram General  |   CHOLAMANDALAM General  |   STAR Health Insurance India  |   ORIENTAL Insurance India  |   NATIONAL Insurance India  |   UNITED INDIA Insurance India  |   NEW INDIA Assurance India