Owner of LIC

[{"selector":"#anim-7f10cf2b-1ee9-43ea-950a-008a87249324 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

[{"selector":"#anim-59b0120e-1b0f-40a9-b0f7-047265332f91 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a558db16-c29c-4eff-a0f8-ddd0833a92c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36491ac3-0585-4031-9d50-ee871f614769 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Founder and owner of LIC company is the Indian Government. The revenue of LIC company is 7.25 lakh crores INR.

[{"selector":"#anim-fce61bbd-c2af-4649-86f1-4aacbaa87b0a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-14e9ad04-1200-4705-b6e7-7348d4e6ce27","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ead9098-15c7-4373-8e0b-b4733c3be990 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Central Office of LIC is located in Mumbai (India). Lic is the most trustful company in India and it is the ownership of India.

[{"selector":"#anim-25a90007-ae7f-4af4-8767-1abbab124a7f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-374bd115-6ae2-4e71-807d-76ba6fceb2c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac981033-342d-4a68-a888-d98a0abdc87b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Lic is life insurance it provided Life insurance, Health insurance, Investment Management, and Mutual funds and it is a source of money saving.

[{"selector":"#anim-9f9ad641-6c79-4f38-8434-b0b4fa683a39 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c5ce1378-1e99-470c-89d9-8007d27f7490","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2468d597-f104-4c05-82bc-f586622f04d8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] LIC declared it would open its IPO to the public on May 4 2022 and the process would be concluded on May 9. Learn more

[{"selector":"#anim-fe0f8683-af01-43b8-85fd-43e011e232e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-06c90441-81e3-4948-9fde-eb40b5ab123d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22b99c22-810c-4868-bda4-50d8d99bbdd1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Over 245 insurance companies and caution societies were united to create the state-owned Life Insurance Association of India.

[{"selector":"#anim-779f102c-7db4-4f81-ad74-c5934e1c689f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6911ea5c-08a2-45c2-b0ab-1253f5da8b49","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a55033f-fc22-4e6d-93ec-fc44040c1b3a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] M R Kumar, BC Patnaik, Smt. Ipe Mini, Siddharth Mohanty, and Rajkumar all are key people in the LIC industry.

[{"selector":"#anim-5ff37df6-da5e-4185-9fae-c0296b84ab3b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e438a171-e483-4212-a298-17d0648dd48b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92c487d5-49b3-438e-b042-a609e6ba8a76 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] MP Feroze Gandhi put up a case of insurance fraud in 1955. Finance Minister Nirmala Sitharaman announced a proposal to make an opening public charity for LIC in the 2021 Kendriya Budget.

[{"selector":"#anim-f311a699-a2f3-4672-bd81-2595f61083b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-79fd1349-e2c9-4bbe-9c9e-d67cc8502e68","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-baeecc5a-5a05-45e9-8a40-fc6ab82972e6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Life insurance association of India was accepted on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act which nationalized the insurance industry in India.

[{"selector":"#anim-eb2b66cd-0010-45d6-a50e-b134aeb87665","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e420ef42-4caf-4792-a513-b516fe85e8bb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Government of India holds a 100% stake in LIC. Its cost would be Rs 6 lakh crore with 3.5 dilutions, 1.1 times its insert value of Rs 5.4 lakh crore. Learn more