Let’s know about LIC

• LIC full form is Life Insurance Corporation.
• LIC is the largest and most profitable life insurance company in India started in 1956.
• It has A minority stake in almost all Indian banks and companies like TCS, Reliance.
• Government owned LIC started with 5 crore Capital after merging 245 private companies.
• Its 15 storied building in Chennai was tallest in India When it was inaugurated in 1959.
• Its slogan “yogakshemam vahamyaham” means “your welfare is our responsibility.”
• As of 2019, Lic has a total asset of rs 531 lakh crore and has presence in 7 countries.

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