LIC was founded in 1956; two hundred operating companies were merged to form the consortium. The institution was formed to offer a wide range of insurance services to citizens of India with long term and short term objectives. LIC has launched many unique insurance plans, including traditional endowment plans, term insurance and tailor-made ULIPs and money back and pension plans. The company has introduced a digital payment gateway and portal for the convenience of businesses and customers. The major accomplishment of the company is the acceptance of life insurance policies…
Read MoreLIC Provides a Contract of Good Faith
