New Delhi: Life Insurance Corporation of India (LIC), the country’s largest life insurer and a financial services conglomerate, celebrated its 69th anniversary on September 1, 2025. The milestone underscores LIC’s legacy of trust, growth, and innovation while reaffirming its leadership in India’s insurance sector.
Sustained Market Leadership
LIC continues to dominate India’s insurance market with a strong presence across products and services. In FY 2024-25, the corporation retained a 65.83% market share in policies and 57.05% in First Year Premium Income. Its total Assets Under Management (AUM) grew by 6.45% to ₹54.52 lakh crore, reflecting robust financial strength.
Expansive Product Portfolio
Catering to diverse segments of society, LIC offers 35 individual products, 12 group products, 7 riders, and 1 group rider. The offerings span endowment, term, child, annuity, health, and micro insurance plans, available both offline and online. This wide portfolio strengthens LIC’s position as a one-stop provider of life insurance and financial security solutions.
Commitment to Social Impact
LIC’s Golden Jubilee Foundation, established in 2006, continues to drive community service initiatives. Till date, it has supported 926 projects and disbursed over ₹283 crore, including 30,835 scholarships worth ₹80.62 crore. These efforts underline LIC’s role in fostering inclusive growth beyond its core business.
Digital Transformation Journey
Embracing technology, LIC has enhanced its digital presence with over 2.4 crore registered users on its customer portal and mobile app. The launch of the LIC Digital NRI App, WhatsApp-enabled payments, and QR-based collections has boosted convenience. Initiatives like LIC Mitra 2.0, a multilingual AI-powered chatbot, and the Jeevan Saakshya digital existence certificate platform further reflect LIC’s commitment to digital innovation.
Awards and Global Rankings
In FY 2024-25, LIC earned 22 awards for excellence across areas such as customer service, claims settlement, digital transformation, and inclusion. Global recognitions include:
- Ranked as the fastest-growing Indian brand with 36% growth (Brand Finance 2025).
- Recognized as India’s No. 1 Trusted Brand by Reader’s Digest (Sept 2024).
- Ranked 2nd in Fortune 500 India 2024 based on total revenue.
- Placed 3rd in World’s Top 10 Strongest Insurance Brands 2025 (Brand Finance).
About LIC
Life Insurance Corporation of India (LIC), a public sector giant established in 1956, is India’s leading life insurer and a globally recognized financial conglomerate. With presence in 11 countries, LIC also operates subsidiaries in housing finance, mutual funds, pension funds, cards, and trustee services. Guided by the principle “Yogakshemam Vahamyaham – Your welfare is our responsibility,” LIC remains committed to securing the financial future of millions of policyholders worldwide.
