Life Insurance Corporation of India (LIC)

The Life Insurance Corporation of India (LIC) is a state-owned insurance company established in 1956. It provides a range of life insurance products, helping individuals secure financial protection for their families in the event of untimely death. LIC also offers savings and investment options, contributing to long-term financial planning. As one of India's largest insurers, it plays a significant role in the country's economy. By pooling premiums from policyholders, LIC ensures that funds are available to meet future claims, thereby promoting financial security and stability for individuals and beneficiaries.