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Insurance Companies

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. [… Next …]