Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) was created on 1st September, 1956. The objective was to spread life insurance across a wider swathe of the country, particularly in rural areas.

LIC's corporate office, 5 zonal offices, 33 divisional offices and 212 branch offices in 1956 has expanded over the years to having a branch office at each district headquarters in the country. Today LIC functions with 2048 fully computerized branch offices, 100 divisional offices, 7 zonal offices and the corporate office. LIC's Wide Area Network covers 100 divisional offices and connects all the branches through a Metro Area Network.

LIC continues to be the dominant life insurer even in the post-insurance-liberalization era in India. It has crossed many milestones and has set unprecedented performance records in all aspects of the life insurance business.

 

9 Insurance product available
Women Plans
Know More »
Miscellaneous
Know More »
Whole Life Insurance
  • Provides financial cover against death through out the life time of the insured
  • Estate tool for legal heirs
  • Sum assured paid on death of the insured or on if the insured survives a pre-determined age
  • Policy holder not entitled to any payout during the tenure of the policy
Know More »
ULIP Insurance
  • Protection tool with an investment option attached
  • Policy holder can choose from funds such as equity, debt, bonds, or a combination
  • Insurers offer partial withdrawals options
Know More »
Children Plan
  • Tool to plan for children's needs in the future - education, wedding etc.
  • Tool to ensure children's future plans are not compromised in the event of parent/guardian's death
Know More »
Endowment Insurance
  • Protection tool with savings option
  • Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
  • With-profits plan that participates in the profits of insurer's life insurance business
Know More »
Pension
  • Provides for stable income in post-work life
  • Helps policy holder to remain financially independent post-retirement
  • Tool for systematic retirement planning
Know More »
Money Back Insurance
  • Provides life insurance covers for specified periods
  • Policy holder receives tax-free, fixed proportions of the sum assured at regular intervals or an option to re-invest
  • Policy holder receives lump sum payment on surviving maturity date
Know More »
Term Insurance
  • Pure risk cover plan with no survival benefit
  • Protection tool against the uncertainties of life
  • Cheapest life insurance product
Know More »

Decision-making Corner

Read More >

Ask an Expert

Interview
Ask your personal finance query here and get personalized replies that meet your specific needs.

 

Looking for Life Insurance offered by specific provider

Aegon Religare Life Insurance | Icici Prudential Life Insurance | Bajaj Allianz Life Insurance | Kotak Life Insurance | Lic Life Insurance | Sbi Life Insurance | Tata Aig Life Insurance | Metlife Life Insurance | Birla Sun Life Insurance | Hdfc Standard Life Insurance | Reliance Life Insurance | Aviva Life Insurance | Max New York Life Insurance | Idbi Fortis Life Insurance | Ing Vysya Life Insurance | Future Generali Life Insurance |
Feedback feedback