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Life Insurance Corporation of India (LIC) is an Indian multinational Central 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$630 billion) as of March 2024. [ 3 ]
Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. 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).
LIC Housing Finance Limited ( LIC HFL) is one of the largest mortgage and loan companies in India, with a registered corporate office in Mumbai. It is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. It also finances the repair and renovation of existing residences and ...
The LIC absorbed 154 Indian and 16 non-Indian insurers and 75 provident societies. The LIC had a monopoly until the late 1990s, when the insurance industry was reopened to the private sector. General insurance in India began during the Industrial Revolution in the West and the growth of sea-faring commerce during the 17th century.
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LIC.co.nz. Livestock Improvement Corporation, or LIC, is a New Zealand multinational farmer-owned co-operative which, for more than 100 years, has provided genetics expertise, information and technology to the dairy sector, aimed at improving the prosperity and productivity of farmers. [ 1][ 2] LIC has headquarters in Newstead, near Hamilton ...
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The Assistant Secretary of Defense for Special Operations/Low-Intensity Conflict or ASD (SO/LIC), is the principal civilian advisor to the U.S. Secretary of Defense on special operations and low-intensity conflict matters. Located within the Office of the Under Secretary of Defense for Policy (USD (P)), the ASD (SO/LIC) is responsible primarily ...