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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]
An ordinance was issued on 19 January 1956, nationalising the life-insurance sector, and the Life Insurance Corporation was established that year. 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.
LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a deposit taking housing finance company, and it is a subsidiary of LIC , mainly providing long-term financing to people who purchase or construct residential houses or flats.
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The central government has introduced a new online service called "Know Your PAN", [3] to for knowing your PAN number, verify your PAN [4] for new and existing PAN numbers. [ 5 ] Failure to comply with the provisions of Section 139A of Income Tax Act, a penalty of ₹10,000/- for each default is payable u/s.272B to the assessing officer.
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PAN Card: Application for new PAN cards and updates. Ration Card: Application and updates for ration cards. Certificates: Issuance of birth, death, and marriage certificates. Other Services: Voter ID, driving license applications, and more. 2. Financial Services: [11] Banking Services: Opening Jan Dhan accounts, deposits, withdrawals, and mini ...
LIC is a three-letter abbreviation that may refer to: Hlai language (an ISO639-3 code: lic) Laudetur Iesus Christus, a Roman Catholic greeting; Abbreviation for license; Licentiate, a degree; Life Insurance Corporation, an Indian government-owned corporation; LIC or Love Insurance Corporation, working title for the Indian film Love Insurance ...