Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India.
As of 2019, Life Insurance Corporation of India had total life fund of 28.3 trillion.The total value of sold policies in the year 2018-19 is 21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018-19. It has 290 million policy holders.