Life Insurance Corporation of India enters 64th year of its incorporation on 1st September, 2019. LIC has played a significant role in spreading the message of life insurance among the masses and mobilization of people’s money for people’s welfare.
In this journey, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. In its 63 years of existence, LIC has grown from strength to strength be its customer base, agency network, branch office network, new business premium and has a significant role in spreading life insurance widely across the country.
At the end of the FY 2018-2019, LIC had 32 plans for sale under Individual Business. The products satisfy different needs of various segments of the society.