What is the full form of LIC?

  1. What is the full form of LIC?
  1. The full form of LIC is Life Insurance Corporation of India.
    It was founded on 1 September 1956, when parliament passed the act life insurance of India after this act life insurance industry nationalized in India. LIC is one of the largest insurance companies in India, today it has 290 million policyholders.
    It is a public sector company in India, and it deals with life insurance products and investment plans. Around 245 insurance companies and provident societies merged to make state-owned Life Insurance Corporation.

    LIC motto is "Yogakshemam Vahamyaham" which means "your welfare is our responsibility"

    LIC headquartered in Mumbai, it has 8 zonal offices, 100 divisional offices, 2048 branches, and 11,48,811 LIC agents.

    As of 2019, LIC had a total life fund of ?28.3 trillion, total police sold in 2018-2019 is?21.4 million.

    LIC Products

    LIC Jeevan Akshay

    LIC e-Term Insurance

    LIC New children's Money Back Plan

    LIC Jeevan Anand

    LIC Jeevan Saral

    Subsidiaries of LIC

    LIC Housing Finance

    LIC International Ltd

    LIC Cards Services Ltd

    LIC Mutual Fund Ltd

    LIC Pension Fund Ltd

    IDBI Bank

    Axis Bank (9.02%)

    Yes Bank (10%)

    Awards won by LIC

    In 2013 -2014 LIC won 31 awards

    Skoch Renaissance Award

    Outlook Money Award

    Annual Greentech CSR Awards

    MACCIA-IBN Award

    Asian Sustainability Leadership Award

    Readers Digest Trusted Brand

    LIC ranked among “Top -10 Most Trusted Brands in India” in the 2013 survey.
What is the full form of LIC?