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About LIC of India

With LIC of India you can be confidant that you are getting the best life cover and other insurance benefits. This fact is backed by both national and international associations and is evident from the large number of laurels bestowed on the Corporation. LIC provides a number of unique life covers and insurance facilities to aid you in your financial planning.

Due to the increasing life cover needs of the millions of Indian people, the Indian Parliament passed the historical Life Insurance Corporation Act on 19/06/1956 that paved the way for the establishment of Life Insurance Corporation of India on 1st September, 1956. The aim of LIC India was to provide wide spread life covers specifically in the rural segments and supply affordable life cover to each and every citizen of the country.

From its initial 200 crores investment the Company reached the 1000 crore landmark in the financial year 1969-70 and a decade later it crossed another significant landmark of 2000 crores.

The company is continually touching new horizons with an ever increasing number of agents and consumer base. With the advent in technology LIC continues to lead the chart. The Corporation supplies latest technological features wherein the policy holders have the option to pay their monthly/bi-annually/annual premiums through the medium of internet, ECS and ATM. For policy holders’ easier access the company has initiated SATELLITE SAMPARK offices.

Why LIC Life Insurance?

With LIC of India you can be confidant that you are getting the best life cover and other insurance benefits. This fact is backed by both national and international associations and is evident from the large number of laurels bestowed on the Corporation. LIC provides a number of unique life covers and insurance facilities to aid you in your financial planning.

Achievements

The LIC of India has been awarded a number of laurels over the years both in India and abroad. Some of the most prestigious awards bestowed to the Corporation are World Brand Congress- Global Award for Brand Excellence, Consumer Super Brand Award, My FM Stars of the Industry Award for Excellence in Life Insurance (Gold), Outlook Money Award for Best Life Insurer, Brand equity most trusted brand top in insurance category, Brand Equity most Trusted Service Award 2012, Golden peacock innovative product/Service Award, Loyalty Awards, Readers Digest Trusted Brand Award in the Platinum Category, CNBC Awaaz Consumer Awards, CNBC TV 18 Award Overall Leading Insurance Company, Excellence in Financial Services AwardbyDainkBhaskar, NDTV Profit Business Leadership Award, INDY’s Silver Award for Best Corporate Film, INDY’s Silver Award for Best in House Magazine, IT User NASCOM, Business Superbrand India, Asia Brand Congress Brand Leadership Award, Pitch Award "Rank 1" India’s Top 50 Service Brands and many more.

Services

LIC India provides a wide range of services tailor made to suit every segment of the society. The corporation looks after the individualistic and group requirements of the people and has supplied apt amenities in the fields of life covers and insurance policies. The popular services provided by the Corporation are Money Back Plans, Special Money Back Plan for Women, Whole Life Plans, Plans for Handicapped Dependants, Endowment Assurance Plan, Plans for High WorthPersonalities, Term Guarantee Plan, Joint Life Plan, Pension Plans, Special Plans:Golden Jubilee plan, Health Plan and Special Plan.

You can read LIC life insurance products details in your own language like Hindi / Tamil / Telugu / Marathi / Gujarati / Bengali / Kannada / Malay / Urdu.