Life Insurance Corporation of India today, is the oldest insurance company in India founded on 1st Sept. 1956. From before independence, there used to exists several independent insurance companies. The Parliament of India proposed to merge all such entities into a single one which was names as Life Insurance Corporation. Through this act, all these private companies were nationalized into one single entity. By 2006, LIC along contributed to about 7% of Total India’s GDP.

  • Total Branches: 2,048
  • Zonal offices: 8
  • Satellite Offices: 1,381
  • Agent Base: 13,37,064
  • Broker Base: 98
  • Corporate Agent Base: 242


  • Revenue: INR 6,18,800 crore
  • Income through Investments: INR 1,80,117 crore
  • Current Market Value: INR 21,09,253 crore
  • Market Value Appreciation from 2016: 17.08%

Key Persons at LIC, India

Shri. Vijay Kumar Sharma (Chairman)
Smt. Usha Sangwan (MD)
Shri Hemant Bhargava (MD)
Shri B Venugopal, Managing Director (MD)
Smt. Sunita Sharma, Managing Director (MD)
Smt Sarojini Dikhale (ED & CMO)
Shri Praveen Kumar Molri (CIO)
Shri P.H. Kutumbe (CFO)
Shri V Chandrasekaran (CRO)
Shri. Dinesh Pant (Appointed Actuary)

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LIC Life Insurance Corporation
Rating: 5


  • December 26, 2018 at 8:36 am

    I want to purchase a Term insurance policy. My date of birth is 1 may 1989. So inform me the premium to be paid.

    Rating: 3
  • October 3, 2017 at 11:07 am

    How to become lic agent? And how much money lic agents make per month?

    Rating: 5

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