LIC is the biggest insurance player in the country.

Life Insurance Corporation of India (LIC)

Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is said to be the largest life insurance company and also the largest investor of the country. LIC was founded on the 1st of September, 1956 after the Parliament of India passed the Life Insurance Corporation Act on June 19th, 1956. The objective for this corporation was to spread life insurance more widely, esp. in the rural areas, and reach every insurable person in the country. In tandem with this goal, LIC provides life insurance services at affordable prices to both the rural (and the socially/financially backward segments of the Indian society) and the urban segments. It encourages the lower income group people to save their money by offering attractive savings features along with the regular insurance policies. LIC is headquartered in Mumbai and along with this corporate office, it also has 8 zonal offices, 109 divisional offices, 2048 branch offices and 992 satellite offices located in different towns and cities of India. LIC has touched millions of lives for the past 55 years.

Insurance Plans
Life insurance plans are those that assure the payment of a certain sum to the insured person, at the plan's maturity, or to the family, in the event of the insured person's death.

Bima Account Plans
These are simple unit linked plans that ensure liquidity for the policy holder, have assured minimum returns, transparent charges and offer a liberal risk cover as well. There is a Bima Account I and Bima Account II which have a few differences in the figures but the basic details remain the same for both.

Endowment Plans
Children Plans
Plans for Handicapped Dependents
Endowment Assurance Plans
Plans for High Worth Individual
Money Back Plans
Special Money Back Plan For Women
Whole Life Plans
Term Assurance Plans
Joint Life Plan
Decreasing Term Assurance To Cover Home Loan Repayment
Pension Plans
Pension plans are ones that watch the future for you and ensure financial stability through your old age so that you never have to compromise on the quality of the lifestyle that you lead.
Unit Plans
Unit plans help you see your savings yield rich benefits and help you save tax even if you don't have consistent income.
Special plans
LIC's Special Plans are a perfect blend of assurance, savings and a lifetime of happiness!

Golden Jubilee Plan
Health Plan
Special Plan
Micro Insurance Plans
Group Schemes
Group Insurance Schemes is ideal for employers, associations, societies etc. As they allow you various types of cover for your employees at really low costs.

Group Scheme
Social Security Scheme
Contact Address
Life Insurance Corporation of India,
1st floor "Yogakeshema", Jeevan Bima Marg,
Mumbai - 400021
Website: www.licindia.in