What we do Life Insurance Corporation of India is India's largest life insurer offering diverse life insurance, pension, health and group insurance products domestically and internationally. |
Founded in 1,956 |
Market share Dominates Indian life insurance with over 57% premium market share and extensive agent network commanding around 48% market share. |
Problem solved Provides financial security, retirement income, and risk protection to millions, enhancing insurance penetration and promoting economic wellbeing. |
Top clients or who we serve Serves individual policyholders, groups, pensioners across India and abroad; operates on B2C and B2B models, including bancassurance and corporate channels. |
Key management Led by CEO and Managing Director Shri R Doraiswamy alongside a highly experienced board with distinguished professionals. |
Our journey and innovations Established in 1956, LIC pioneered mass rural insurance, computerized operations early, launched digital platforms and expanded internationally with subsidiaries and branches. |
Where we operate Mainly India with branches in Fiji, Mauritius, UK; subsidiaries in Singapore, Bahrain, Sri Lanka, Nepal, Bangladesh; expanded bancassurance and digital outreach. |
Top products or what we offer Comprehensive portfolio including Non-linked, Participating, Unit Linked, Pension, Health, Micro-insurance and group products. |
Top brands Flagship products include Jeevan Akshay, New Jeevan Shanti, Bima Jyoti, Saral Jeevan Bima, and group assurance plans with widespread recognition. |
Raw materials needed Not applicable, primarily service-based lifecycle and financial products. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Major revenue from recurring premiums; renewal premiums and long-term annuities provide stable cash flows. |
Our industry position Market leader with over 65% share by number of policies and more than 57% market share by premium in India, ranked among world's strongest insurance brands. |
Financial highlights FY25 Revenue Rs.8.84 lakh crore, Net Profit Rs.48,151 crore, Asset Under Management Rs.54.52 lakh crore, 6.45% AUM growth, robust solvency margin 2.11. |
Geographical revenue split Predominantly India with contributions from overseas branches in Fiji, Mauritius, UK and subsidiaries in South Asia and GCC markets. |
Order book - |
Whats driving growth Growth driven by increasing insurance awareness, digital transformation, product diversification, bancassurance expansion and rising middle-class income. |
Our future plans Focus on digital and agency transformation, expanding non-participating product share, enhancing investment yields, and launching new customer-centric products. |
Our green promise Committed to ESG with renewable energy investments, green buildings, community development via LIC Golden Jubilee Foundation and sanitation projects. |
Our people and values Employs over 91,000 staff with emphasis on diversity, women empowerment, safe workplace, extensive agent training and ethical culture. |
Key challenges ahead Challenges include market competition, regulatory changes, technology adoption, persistency improvement and managing large legacy book. |
Interesting facts Holds Guinness World Record for most policies sold in 24 hours; largest life insurer with embedded value over Rs.7.7 lakh crore. |
Risks and strategy Mitigates risks through strong governance, diversified product mix, actuarial prudence, reinsurance and digital innovation strategies. |
