Life Insurance Corporation (LIC) of Indiais the only public sector Life Insurance Company in India. The company was formed in September 1956.
LICwas formed in 1956 with the merger of more than 200 insurance companies and provident societies. Since then they have been among the most trusted brands in India providing insurance solutions to even the remotest corners of India through their huge network of agents and distributors. It was only in 2001 that the private sector was allowed into the insurance sector in India. LIC has maintained its dominant leadership status even with the presence of 22 other life insurance companies.
LIC has Life Insurance plans which suit various requirements like Life cover, saving, Child education, Retirement, Investment, tax saving etc, some of the famous policy are provided below.
|Type of Plans||Plan Name & Calculators (Click on the Links Below)|
|Single Premium Plans|
|Whole Life Plans|
|Limited Premium Plans|
|Money Back Plans|