Life Insurance Corporation
Indian state-owned insurance group and investment company
The Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai, Maharashtra, India. It is India's largest insurance company and its largest institutional investor with total assets under management worth ₹57.29 lakh crore (US$590 billion) as of May 2026. It is under the ownership of Government of India and administrative control of the Ministry of Finance.
The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalising the insurance industry in India. Over 245 insurance companies and provident societies were merged.
LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 lakh crore (US$401.87 billion). The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of ₹775,283 crore (US$98.63 billion) and a profit of ₹4,415 crore (US$561.67 million).
In 2026, LIC paid a dividend of Rs. 12,207.25 crore dividend to the Government of India.
This brief starts where responsible research should: with the source description of “Life Insurance Corporation” as indian state-owned insurance group and investment company. Everything that follows is an evidence route, not borrowed authority.
Why this record matters
The subject matters to the history & society register because the source frames it as indian state-owned insurance group and investment company. Its deeper value depends on whether names, dates, institutions and citations support that framing.
The record creator and administrative purpose are central evidence, because official documentation reflects both action and institutional priorities. The source revision retrieved here is dated Sep 9, 2026. The linked authority identifier is Q2767170. 1 of 5 selected statements include explicit references; 3 carry qualifiers and 1 use preferred rank. The first chronological checks are 2026, 1956, 2019 and 2018.
Official terminology may obscure informal participation, dissent or communities documented only indirectly. The source lead contains qualifying language; that uncertainty should survive quotation, summary and reuse. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
How to read it
Compare institutional narratives with records created by participants and affected communities. Dates and formal titles are useful anchors, but not substitutes for context.
- Event chronology
- Institutional context
- Locating named record creators
Contemporary correspondence, government or organizational records, oral histories and cited historical scholarship.
Three-step research path
- Establish the record: confirm the title “Life Insurance Corporation”, its source revision and the description used here.
- Expand the search: follow Life Insurance Corporation primary sources, Life Insurance Corporation archive and Life research across catalogues and specialist indexes.
- Test the account: compare the strongest cited source with the responsible institution’s current record and note any disagreement.
Questions for further research
- Which source most directly establishes the central claim about “Life Insurance Corporation”?
- Who created the surviving record, and for what administrative purpose?
- Which voices are present, absent or mediated by the institution?
Search terms from this dossier
This entry incorporates text from “Life Insurance Corporation” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.