Lic of india stands for life insurance corporation of india. Vedpal singh stands out as a life insurance specialist working with the life insurance corporation india since 20 years.
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Life insurance corporation of india abbreviated as lic is an indian state owned insurance group and investment corporation owned by the government of india.
The life insurance corporation of india. The life insurance corporation of india was founded in 1956 when the parliament of india passed the life insurance of india act that nationalised the insurance industry in india. Write your own pay cheque. It was founded in 1956 with the merger of more than 245 insurance companies and provident societies.
Yogakshema building jeevan bima marg po. Life insurance corporation of india lic updated on january 27 2020 6979 views. Founded in 1956 when the parliament of india passed the life insurance of india act that nationalised the private insurance industry in india.
Life insurance corporation of india lic of india is the only public sector life insurance company in india. The company has its headquarters in mumbai. I provide professional value based insurance services to our esteemed customers not only in chandigarh but throughout india.
Life insurance corporation of india corporate office. Box no 19953 mumbai 400 021 irdai reg no 512. Box no 19953 mumbai 400 021 irdai reg no 512.
Life insurance in india made its debut well over 100 years ago. The demand for nationalization of life insurance industry was made repeatedly in the past but it gathered momentum in 1944 when a bill to amend the life insurance act 1938 was introduced in the legislative assembly. However it was much later on the 19th of january 1956 that life insurance in india was nationalized.
The name life insurance corporation has become synonymous with insurance in india. Life insurance corporation of india corporate office. Life insurance corporation is the largest among the insurance companies in india and is a state owned insurance group.
Box no 19953 mumbai 400 021 irdai reg no 512 top. Life insurance corporation of india corporate office. Yogakshema building jeevan bima marg po.
Know about your life insurance. Over 245 insurance companies and provident societies were merged to create the state owned life insurance corporation. In our country which is one of the most populated in the world the prominence of insurance is not as widely understood as it ought to be.
Over 245 insurance companies and provident societies were. Yogakshema building jeevan bima marg po.
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