Life Insurance Corporation of India - Company Profile
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Life Insurance Corporation of India (LIC) is a government-owned provider of life insurance plans. The company's main activities include offering a variety of life insurance products and services. Its major products encompass endowment plans, money-back plans, term assurance plans, pension plans, special plans, unit plans, group schemes, child plans, and health plans. LIC serves a diverse customer base, providing insurance solutions for individuals and groups across different sectors. The company distributes its products through a network of associates and agents. LIC operates in several geographic locations, including India, Fiji, Mauritius, the UK, Bahrain, the UAE, Kuwait, Qatar, Oman, Nepal, Sri Lanka, and Saudi Arabia. LIC is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Jeevan Bima Marg, Yogakshema Building, Mumbai, Maharashtra, 400021
Website
www.licindia.in
Telephone
91 22 66598732
No of Employees
91,606
Industry
Financial Services
Ticker Symbol & Exchange
LICI (NSE)
Revenue (2024)
$106.5B
5.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
18.1%
(2024 vs 2023)
Market Cap*
$54.5B
Net Profit Margin (2024)
XYZ
11.5%
(2024 vs 2023)
* As of and is in US$
Life Insurance Corporation of India premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Money Back Plans | LIC |
| Endowment Plans | |
| Term Security Plan | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In January, the company launched Jeevan Utsav, a single-premium whole life savings plan. |
| 2025 | Contracts/Agreements | In July, the company entered into a memorandum of understanding with Department of Rural Development, Government of India and Ministry of Rural Development to raise awareness of the Bima Sakhi Yojana in rural communities. |
| 2025 | New Products/Services | In July, the company introduced two new plans Nav Jeevan Shree and Nav Jeevan Shree Single Premium. |
Competitor Comparison
| Key Parameters | Life Insurance Corporation of India | HDFC Life Insurance Co Ltd | Max Life insurance Co Ltd | Tata AIA Life Insurance Co Ltd | Bajaj Life Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Gurugram | Mumbai | Pune |
| State/Province | Maharashtra | Maharashtra | Haryana | Maharashtra | Maharashtra |
| No. of Employees | 91,606 | 37,526 | 23,125 | 15,510 | 2,500 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| R. Doraiswamy | Director; Chief Executive Officer; Managing Director | Executive Board | 2025 | - |
| Dinesh Pant | Director; Managing Director | Executive Board | 2025 | - |
| Sunil Agrawal | Chief Financial Officer | Senior Management | 2022 | - |
| Krishna Kumar S | Chief Compliance Officer; Executive Director - CG/GJF/Regulatory Compliance | Senior Management | 2023 | - |
| Debakanta Padhi | Director | Executive Board | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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