LIC offers life insurance protection under group insurance policies to various groups such as employer-employees, professionals, co-operatives, weaker sections of society, etc. LIC provides insurance coverage to people at subsidized rates under Social Security Group Schemes. Besides Providing insurance coverage, Life Insurance corporation also offers group schemes to employees, which provide funding of gratuity, pension [...]

The Life Insurance Corporation of India (LIC of India) is the nation builder since its formation in 1956. LIC has invested the funds for the best advantage of the policy holders as well as the community as the whole, true to the spirit of nationalization. National priorities and obligation of reasonable returns to the policyholders [...]