Lic full form

• • LIC Cards Services Ltd Life Insurance Corporation of India ( LIC) is an Indian multinational ₹41 trillion (US$510billion) as of May 2022. The Life Insurance Corporation of India was established on 1 September 1956, when the LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 trillion, and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 History [ ] Founding organisations [ ] The Oriental Life Insurance Company, the first company in India to offer life insurance coverage, was established in The Bombay Mutual Life Assurance Society was formed in 1870, almost half a century later. It was the first native insurance provider of Western India. Other insurance companies established in the pre-independence era include: • Postal Life Insurance (PLI) was introduced on 1 February 1884 • Bharat Insurance Company (1896) • • National Indian (1906) • • Co-operative Assurance (1906) • Hindustan Co-operatives (1907) • The New India Assurance Co Ltd (1919) • Indian Mercantile • General Assurance • Swadeshi Life (later Bombay Life) • Sahyadri Insurance (Merged into LIC, 1986) These companies were established when India was marked mostly by turbulent economic and political conditions including the Nationalization in 1956 [ ] In 1956, parliamentarian Times of India owner Sachin Devkekar, was sent to prison for two years. Initial public offering [ ]...

LIC Full Form is Life Insurance Corporation of India. It is a public limited insurance company, and it offers various insurance and investment schemes. LIC was founded in 1956, and it is the country’s oldest and largest Insurance Company The Life Insurance of India Act was passed by the Parliament in 1956, which resulted in the nationalisation of private insurance companies. The head office of LIC is in Mumbai. Besides various insurance and investment plans, LIC is also offering housing finance that helps individuals to fulfil their dream of owning a house. The slogan of LIC is ‘Yogakshemam Vahamyaham’, which means ‘Your welfare is our responsibility’. True to its slogan LIC has, over the years, designed various insurance and investment schemes keeping in mind the welfare of its customers. • LIC was established in 1956, subsequent to the Parliament passing the Life Insurance of India Act. • The head office of LIC is in Mumbai. • There are 8 Zonal Offices, 118 Divisional Offices, and 2000 branches of LIC spread all over the country. • There are over 14 lakhs LIC agents promoting the business throughout the country. • There are over 290 million LIC policyholders. Zone Location North Delhi South Kolkata East Mumbai West Chennai Central Bhopal North Central Patna South Central Hyderabad East Central Kanpur There are 114498 employees in LIC as per the statistics of 2020. The organisational structure of LIC is given below Chairman-Mr Kumar M R Managing Director-Smt Ipe Mini, Mr ...

The full-form of LIC is Life Insurance Corporation of India. LIC is an India's largest insurance company under Ministry of Finance, Government of India. After passing of Life Insurance of India Act in 1956, LIC was founded and came into existence by nationalizing all private major and minor insurers in India.

LIC (Life Insurance Corporation of India) The full form of LIC is the Life Insurance Corporation of India, a state-owned insurance group and investment company based in Mumbai, India. It is India’s largest insurance company, with over 2000 branches and millions of policyholders. LIC was founded in 1956 when the Indian government nationalized private insurance companies and merged them into a single entity. The company provides term, endowment, money-back, pension, and unit-linked insurance plans. In this article, you will understand the full form of LIC. What is LIC? LIC invests in various sectors, including real estate, infrastructure, capital markets, and life insurance. The firm has made substantial investments in the Indian stock market and is one of the country’s largest investors. Over the years, LIC has significantly contributed to the Indian economy, providing millions of people with job opportunities and financial security. It is also well-known for its extensive social welfare programs, which include initiatives for underprivileged and rural communities. The full form of LIC is commonly used in official terms. It is India’s largest insurance company, offering various life insurance products, including term plans, endowment plans, money-back plans, pension plans, and unit-linked insurance plans. It was established in 1956 after the Indian government nationalized and merged private insurance companies into a single entity. You may explore real estate, capital marke...

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The full form of LIC is Life Insurance Corporation Are you looking for the full form of LIC along with its meaning? If yes, then you are at the right place as here we will provide you with LIC full form . This will let you know what LIC stands for in various categories. Also, you will get to know what LIC is an Acronym for . Table of Contents • • • • • • • • • What Is The Full Form Of LIC? LIC stands for Life Insurance Corporation . That means the full form of LIC is Life Insurance Corporation (LIC). Rather than this, the LIC abbreviation has some other full forms too according to different categories. We have mentioned all these LIC full form in the further part. As we have told you the LIC full form is Life Insurance Corporation . Now, your query related to the full form of LIC might be solved. How Can I Write Life Insurance Corporation In Short? You can write Life Insurance Corporation in short as LIC or the abbreviation for Life Insurance Corporation is LIC . You can use LIC in place of Life Insurance Corporation to write its short form. Now, let’s have a look at some top queries related to the abbreviation of LIC that many users look for. What Is The Abbreviation For Life Insurance Corporation? The short form of Life Insurance Corporation is LIC . That means you can write LIC in place of Life Insurance Corporation. What Is The Full Name Of LIC? The full name or full form of LIC is Life Insurance Corporation . We have explained the full form of Life Insurance Corporati...

What is the full form of LIC AAO? The full form of LIC AAO is the Assistant Administrative Officer. The Life Insurance Corporation of India has already released the official notification of LIC AAO 2023 (Generalist) on January 15, 2023 at licindia.in. LIC holds exams to hire new employees for a variety of positions. Exams are administered in accordance with the insurance company's needs and specifications. One of the positions for which LIC conducts the hiring process is Assistant Administrative Officer (LIC AAO). The number of vacancies fluctuates based on the requirements. However, it is held annually. Candidates who desire to work in the insurance industry can apply for the position of LIC AAO. Eligibility of AAO Candidates must meet the requirements listed below in order to be eligible for the position of AAO full form in LIC: • Age restriction for LIC AAO eligibility: Age restriction is yet another crucial qualification standard for LIC AAO. • Candidates must be at least 21 years old and not older than 30 years old. • SC/ST: 5 additional years over the aforementioned age. • OBC: Three additional years beyond the aforementioned age. • Educational Qualification in regard to LIC AAO • B.Tech./B.E. (Civil) from an AICTE-recognized Indian university or institution is required for AE (Civil). The candidate should have at least three years' worth of experience in multi-story building projects, including the necessary infrastructure. • B.Tech./B.E. (Electrical) from an AICTE-...