Overview
Life Insurance Corporation of India (LIC) is a state-owned insurer created in 1956 under the Life Insurance Corporation Act.[4] It sells life, pension, annuity, health and unit-linked policies, and its revenue of US$108.0bn makes it India’s largest financial company by revenue.[1] Its assets of US$665.8bn are second in India only to State Bank of India.[1]
Life Insurance Corporation of India strengths and limitations
Strengths
- Only Indian company in Fortune's insurance categories
- Large asset base of US$634.0bn
Limitations
- Single-country concentration
- Revenue in rupees is affected by exchange-rate conversion
Appears in
Life Insurance Corporation of India peers and competitors
Companies ranked in the same lists as Life Insurance Corporation of India.
- Reliance Industries
New York Life
Allianz SE
State Farm
AXA SA- Nippon Life Insurance
- PICC
Progressive- MetLife
- Japan Post Holdings
- Dai-ichi Life
Munich Re
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