Life Insurance Corporation of India
E825485
investment corporation
life insurance company
public sector undertaking
state-owned insurance corporation
The Life Insurance Corporation of India is a state-owned Indian insurance and investment corporation that has long dominated the country’s life insurance sector and played a major role in its financial markets.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Life Insurance Corporation of India canonical | 1 |
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
investment corporation
ⓘ
life insurance company ⓘ public sector undertaking ⓘ state-owned insurance corporation ⓘ |
| abbreviation | LIC of India NERFINISHED ⓘ |
| businessModel | agency-based distribution ⓘ |
| country | India ⓘ |
| createdByAct | Life Insurance of India Act, 1956 NERFINISHED ⓘ |
| distributionChannel |
bancassurance partners
ⓘ
corporate agents ⓘ individual agents ⓘ online channels ⓘ |
| dominantMarket | Indian life insurance sector ⓘ |
| foundationEvent | nationalization of Indian life insurance industry ⓘ |
| founded | 1956 ⓘ |
| foundedBy | Government of India NERFINISHED ⓘ |
| governingBody | Board of Directors of LIC NERFINISHED ⓘ |
| hasLanguageOfOperation |
English
ⓘ
Hindi NERFINISHED ⓘ various Indian regional languages ⓘ |
| hasSubsidiary |
LIC Cards Services Limited
NERFINISHED
ⓘ
LIC Housing Finance Limited NERFINISHED ⓘ LIC Mutual Fund Asset Management Limited NERFINISHED ⓘ LIC Pension Fund Limited NERFINISHED ⓘ |
| headquartersCountry | India NERFINISHED ⓘ |
| headquartersLocation | Mumbai NERFINISHED ⓘ |
| headquartersState | Maharashtra NERFINISHED ⓘ |
| industry |
financial services
ⓘ
investment management ⓘ life insurance ⓘ |
| ipoYear | 2022 ⓘ |
| legalForm | statutory corporation ⓘ |
| listedOn |
Bombay Stock Exchange
NERFINISHED
ⓘ
National Stock Exchange of India NERFINISHED ⓘ |
| marketPosition |
largest life insurer in India by market share
ⓘ
one of the largest life insurance companies in the world by number of policyholders ⓘ |
| owner | Government of India NERFINISHED ⓘ |
| primaryProduct |
annuity products
ⓘ
group insurance schemes ⓘ health insurance riders ⓘ life insurance policies ⓘ pension plans ⓘ unit-linked insurance plans ⓘ |
| regulator | Insurance Regulatory and Development Authority of India NERFINISHED ⓘ |
| roleInEconomy |
major institutional investor in Indian capital markets
ⓘ
major shareholder in many Indian listed companies ⓘ significant participant in Indian government securities market ⓘ |
| sector | public sector ⓘ |
| shortName | LIC NERFINISHED ⓘ |
| supervisingMinistry | Ministry of Finance, Government of India NERFINISHED ⓘ |
| typeOfOwnership | state-owned ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.