Life Insurance Corporation of India - Company Profile
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Life Insurance Corporation of India (LIC), owned by the Government of India, is a provider of life insurance plans. The company offers endowment plans, money-back plans, term assurance plans, pension plans, special plans, unit plans, group schemes, child plans, and health insurance plans. It operates through zonal offices in Mumbai, Kolkata, Chennai, Hyderabad, Delhi, Kanpur, Bhopal, and Patna. LIC offers insurance products in India through associates and agents. The company and its associates also have operations in Fiji, Mauritius, the UK, Bahrain, the UAE, Kuwait, Qatar, Oman, Nepal, Sri Lanka, Saudi Arabia and Kenya. LIC is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Jeevan Bima Marg, 19953, Yogakshema Building, P.O. Box No, Mumbai, Maharashtra, 400021
Website
www.licindia.in
Telephone
91 22 66598732
No of Employees
98,463
Industry
Financial Services
Ticker Symbol & Exchange
LICI (NSE)
Revenue (2022)
$100.3B
8.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
772.7%
(2022 vs 2021)
Market Cap*
$73.8B
Net Profit Margin (2022)
XYZ
701.8%
(2022 vs 2021)
* As of and is in US$
Life Insurance Corporation of India premium industry data and analytics
Products and Services
| Products |
|---|
| Endowment Plans |
| Money Back 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 |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company acquired an additional stake in Hindustan Unilever. |
| 2024 | New Products/Services | In February, the company launched Index Plus, a new insurance plan. |
| 2024 | New Products/Services | In February, the company introduced Amritbaal, a traditional endowment policy. |
Competitor Comparison
| Key Parameters | Life Insurance Corporation of India | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd | Bajaj Allianz Life Insurance Company Ltd | Max Life insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Pune | Gurugram |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Haryana |
| No. of Employees | 98,463 | 32,448 | 17,825 | 20,000 | 19,338 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Siddhartha Mohanty | Chairman; Managing Director | Executive Board | 2023 | - |
| Sunil Agrawal | Chief Financial Officer | Senior Management | 2022 | - |
| S Sunder Krishnan | Chief Risk Officer | Senior Management | 2023 | - |
| Krishna Kumar S | Chief Compliance Officer; Executive Director - (CG/GJF/Reg. Compl.) | Senior Management | 2023 | - |
| Ratnakar Patnaik | Chief Investment Officer; Executive Director (Investment Front Office) | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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