LIC offers a wide range of life insurance plans that helps in fulfilling the varying requirements of individuals. Among the several plans offered by the company, there are some LIC life insurance plans which are popular selling because of their comprehensive coverage features and benefits.
Life Insurance Corporation of India (LIC of India) is a leading life insurance company headquartered in Mumbai. LIC is the largest life insurance company in India with an asset value of over 2,529,390 crores. LIC of India was created on 1st September 1956 when the government of India passed the Life Insurance of India Act, nationalising the private insurance industry in India.
The company was established with the merger of over 245 insurance companies and provident societies. LIC offers an array of life insurance plans including a range of ULIPs, pension plans, child plans, term insurance and others. The company is well established in urban as well as rural areas of India and is well abiding by its motto- “Yogakshemam Vahamyaham”, which means “your welfare is our responsibility”. With the advent of technology, the LIC of India has established its brand’s presence online by selling an array of savings and investment products online.
