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The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai.It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [4]
Net premiums written (US$ Billion) 1 UnitedHealth Group United States: 226.2 2 Centene Corporation United States: 120.3 3 Elevance Health United States: 117.4 4 China Life Insurance China: 115.1 5 Ping An Insurance China: 114.7 6 Kaiser Permanente United States: 106.4 7 Axa France: 95.7 8 Allianz Germany: 88.9 9 People's Insurance Company of ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [1] (worth ₹15 lakh & ₹41 lakh in 2017 prices). Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC.
[9] LD Mittal has Net Worth of 2.31 Billion He is listed #82 Richest person of India by Forbes Magazine. As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Lachhman Das Mittal is ranked 54th with a net worth of $5.69 Billion.
She is the first woman to reach this position in 2013. She has now been appointed as an Independent Director at LIC of India. Usha is the daughter of Lakshman Das Mittal, founder of Sonalika Group. [3] She spent 37 years working at LIC between 1981 and 2018. She joined Tata Motors as an additional director and independent director in 2023. [4]
Life Insurance Corporation of India: Govt. Mumbai: 1956 2: HDFC Life Insurance Co. Ltd. Private Mumbai: 2000 3: Max Life Insurance Co. Ltd. Private Delhi: 2000 4: ICICI Prudential Life Insurance Co. Ltd. Private Mumbai: 2000 5: Kotak Mahindra Life Insurance Co. Ltd. Private Mumbai: 2001 6: Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai ...
Life Insurance Corporation of India, public sector company, is the largest non-promoter investor in the company, with 6.49% shareholding. [ 48 ] In January 2012, the company announced a buyback program to buy a maximum of 12 crore (120 million) shares for ₹10,400 crore (US$1.5 billion).