LIC (Life Insurance Corporation) is one of the largest insurance company in India
Which established in 1st September 1956, its 100% state owned agency and head quarter is Mumbai,
Having its Total assets of 33.12lakh crores (440 billion).
Total premium of Life Insurance Corporation is 3,79,400cr is Also equally total insurance premium of Canada,
Total number of policy issue is till now 21.9millions.
Total number of branches are 6500.
Total investment in equity is 29,19,478crores which above total mutual fund industry is 2728000,
Life Insurance Corporation of India carries 8 zonal offices, 113 divisional offices over 6500 branches,1537064 individual agent,342 corporate agent, 109 referral agent .114 broker and 42 banks.
Government of India decide to sell 5-10 percent of its equity share in LIC through IPO.
It will be biggest IPO in Indian history.