Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) is a state-owned insurance and investment corporation in India. It was established in 1956 under the Life Insurance of India Act that nationalised the insurance industry in the country. The company has a central office in Mumbai ,with 8 zonal offices,109 divisional offices, 2048 fully computerised branches and to serve rural people. LIC has now opened 992 satelite offices in rural areas.
See below for the Latest Life Insurance Corporation of India News, Analysis, Profit Results, Share Price Information, and Commentary.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
Changes to India's LIC Act takes effect
This is seen as a major step towards LIC's proposed IPO.
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