Life Insurance Corporation of India (LIC) is the largest life insurance company and one of the largest financial institutions in India. LIC is owned by the Government of India, and this firm is the key participant in the insurance business, long term investments, and capital markets in India. LIC was founded in 1956 with the aim of delivering financial support to millions of Indian families by offering them cheap yet reliable insurance services.
Life Insurance Corporation of India – Quick Overview
| Particular | Details |
| Company Name | Life Insurance Corporation of India (LIC) |
| Type | Public Sector Insurance Company |
| Founded | 1 September 1956 |
| Owner | Government of India |
| Head Office | Mumbai, Maharashtra |
| Chairman | Siddhartha Mohanty |
| CEO & MD | Siddhartha Mohanty |
| Regulator | Insurance Regulatory and Development Authority of India (IRDAI) |
| Industry | Life Insurance |
| Listed On | BSE & NSE |
| Total Assets (AUM) | Approx. ₹54.52 lakh crore |
| Policyholders | 29+ crore |
Net Worth and Market Cap
The net worth of LIC is indicative of its huge asset base and long investment capability. As of March 2025, LIC operates assets worth approximately ₹54.52 lakh crore, becoming the largest institutional investor in India.
The market capitalisation of LIC is around ₹6 lakh crore according to the recent stock market valuations. The company has experienced steady growth in market value since its IPO in May 2022 due to high premium revenues, diversified investments and stable policyholder trust.
Corporate Leadership
LIC is a Government owned company subject to the administrative oversight of the Ministry of Finance. Siddhartha Mohanty is presently the Chairman and Chief Executive Officer (CEO) and Managing Director. The leadership unit is concerned with the modernisation of LIC, digitalisation, financial sustainability, and safeguarding the interests of policyholders.
Overview of Services
LIC provides a variety of life insurance products as well as investment-linked products. These are term insurance plans, endowment plans, whole life plans, money-back plans, pension and annuity plans and unit-linked insurance plans (ULIPs).
The corporation has group insurance, micro-insurance, health riders and retirement solutions as well. With agent network and digital presence, LIC also guarantees easy access to policies, premium collection payment, settlement of claims and customer service within India.
Scale of Operations
LIC is a large national and global company. It has its head office in Mumbai, Maharashtra. The company operates with 8 zonal offices, various division and branch offices and a large network of agents within India.
LIC has more than 29 crore policyholders with a high concentration in cities as well as rural regions. This extensive coverage made with powerful financial support makes LIC the lifeline of the whole life insurance system in India.
