Life Insurance Corporation Of India at Life

Life Insurance Corporation Of India. Since then they have been among the most trusted brands in india providing. Date of commencement of risk is the date on which the corporation accepts the risk for insurance (cover) as evidenced in the schedule of the policy.

It is under ownership of ministry of finance, govt.of india, lic established in the year 1956 and have subsidiaries companies are lic housing finance, idbi bank, life insurance corporation (lanka) ltd., and many more. The lic act came into effect from july 1956. Several indians have secured their future with.

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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 stands for life insurance corporation of india. The life insurance corporation act, 1956: It started its operations as a corporate firm in september 1956 after the life insurance of india act was passed by india’s parliament in june 1956.