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LIC of India since 1956

Largest claim settlement company in the world

True to the spirit of nationalization, the Corporation has deployed its FUNDS to the best advantage of LIC policyholders as well as for the community as a whole. National priorities and the obligation of reasonable returns to the policy holders are the main criteria of our investments.

LIC was established by an Act of parliament which received the assent of the president on 18th june , 1956. The Act came into force on 1st july , 1956 and the corporation began to function on 1st September, 1956. The investment of the Corporation's funds is governed by Section 27A of the Insurance Act, 1938, subsequent guidelines / instructions issued there under from time to time by the Government of India, and the IRDA by way of regulations.
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LIC popular plans

New Jeevan Anand plan - guaranteed returns and whole life cover

Jeevan Anand is considers to be the best plan in life insurance industry. This plan is a combination of endowment and whole-life. Best for 18 to 50 years of age.

Money Back plan - returns every 5 year

Money Back policy gives back returns as survival benefit for every 5 years. If this poicy is taken after proper planning, best for family having children, short term expenses etc.,

Pension as soon as next month

Lumpsum investment under this plan can help applicants more than 30 years to get immediate pension from next month onwards. Best for senior citizen and those who want to invest in safe hands