LIC - Life Insurance Corporation of India
By MYBRANDBOOK
LIC is the largest state-owned life insurance company in India
Head of the organization- Siddhartha Mohanty, Chairperson
LIC is owned by the Government of India and operates as a public sector enterprise. Its ownership structure distinguishes it from private insurance companies and provides a sense of security and trust among policyholders.
LIC dominates the Indian life insurance market in terms of market share, premium income, and policyholder base. Its extensive network of agents, branches, and distribution channels gives it a significant competitive advantage over other insurers.
Key Priorities : LIC enjoys a high level of trust and credibility among policyholders, stemming from its government ownership, long-standing presence, and track record of fulfilling policyholder obligations. This trust factor is a significant differentiator for LIC in the insurance market.
Website - www.licindia.in
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