November 23, 2017

Life Insurance Corporation of India (LIC)

Information about Top 10 Insurance Companies of India Life Insurance Corporation of India (LIC)

LIFE INSURANCE CORPORATION OF INDIA (LIC)

Information about Top 10 Insurance Companies of India Life Insurance Corporation of India(LIC)

INSURANCE COMPANIES OF INDIA – LIFE INSURANCE CORPORATION OF INDIA (LIC)

Information about Top 10 Insurance Companies of India Life Insurance Corporation of India (LIC)

The Life Insurance Corporation of India (LIC) or Bhartiya Jivan Beema Nigam is the largest life insurance company in India. It is also the country’s largest investor. The LIC is fully a Government Company. And it also funds close to 24.6% of the Indian Government’s expenses. It has assets estimated of 13.25 trillion. It was founded in 1956 with the merge of about 243 insurance companies and provident societies. Mr. Dinesh Mehrotra took charge as Managing Director of Life Insurance Corporation in 2005 and has been with the organization for 33 years.

Free Information and News about Top 10 Insurance Companies of India Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India (LIC)

Information about Top 10 Insurance Companies of India Life Insurance Corporation of India (LIC)

Life Insurance Company, is the first corporate Company in India offering life insurance coverage, and it was established in Calcutta in 1818 by Bipin Bernard Dasgupta and others. The Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider. And also other insurance companies established in the pre-independence era included such as Bharat Insurance Company(1896), United India(1906), NationalIndian(1906), Co-operative Assurance(1906), Hindustan Co-operatives(1907), Indian Mercantile, General Assurance etc.

Information about Top 10 Insurance Companies of India Life Insurance Corporation of India (LIC)

Though in the year 2010, it is ranked at 4, the organization is consistently among the top rated service Provided company of the India and somehow heads the list. In year 2006, LIC is continuously winning the Readers’ Digest Trusted brand award.

Information about Top 10 Insurance Companies of India Life Insurance Corporation of India (LIC)