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Life Insurance Corporation of India (LIC) is a state-owned insurance company that was formed in 1956 by merging over 200 insurers. LIC aims to provide affordable life insurance widely, especially to rural and low-income areas. It collects savings through policies and invests in government securities, corporations, and national projects to support the economy. LIC has a four-tier structure with central and zonal offices overseeing divisional and branch offices that directly serve policyholders.

Author

mishthi

Language

EN