LIFE INSURANCE CORPORATION OF INDIA

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The Life Insurance Corporation of India (LIC) is the largest state-owned life insurance company in India, and also the country's largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of 9.31 trillion (US $202.03 billion). It was founded in 1956 with the merger of more than 200 insurance companies and provident societies.

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LIFE INSURANCE CORPORATION OF INDIA

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Industry:
Insurance

Founded:
1956-01-01

Status:
Active

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Current Advisors List

dinesh-mittal_image

Dinesh Mittal Member of the Board of Directors @ Life Insurance Corporation of India
Board_member

Current Employees Featured

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Sunil Agrawal
Sunil Agrawal CFO @ Life Insurance Corporation of India
CFO

suryakanth-mainak_image

Suryakanth Mainak
Suryakanth Mainak Managing Director @ Life Insurance Corporation of India
Managing Director

shubhangi-s-soman_image

Shubhangi S. Soman
Shubhangi S. Soman Executive Director (F&A) & CFO @ Life Insurance Corporation of India
Executive Director (F&A) & CFO

sanjeev-nautiyal_image

Sanjeev Nautiyal
Sanjeev Nautiyal Independent Director: LIC (Life Insurance Corporation of India) @ Life Insurance Corporation of India
Independent Director: LIC (Life Insurance Corporation of India)
2022-01-01

Acquisitions List

Date Company Article Price
2018-07-15 IDBI Bank IDBI Bank acquired by Life Insurance Corporation of India N/A

Investments List

Date Company Article Money raised
2022-07-13 Indiabulls Housing Finance Life Insurance Corporation of India investment in Post-IPO Debt - Indiabulls Housing Finance 5 B INR
2017-12-19 Axis Bank Life Insurance Corporation of India investment in Post-IPO Equity - Axis Bank 116.26 B INR
2007-03-03 Financial Information Network & Operations Pvt Life Insurance Corporation of India investment in Venture Round - Financial Information Network & Operations Pvt 20 M USD

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