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Samsung Life Insurance (Korean: 삼성생명보험) is a South Korean multinational insurance company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Group. It is the largest insurance company in South Korea and a Fortune Global 500 company. [4] [5] Samsung Life's principal products include life, health insurance and ...
Samsung Asset Management Co., Ltd. (Korean: 삼성자산운용) is a South Korean asset management company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Life Insurance. It is the largest asset management company in South Korea.
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [ 4 ]
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An ordinance was issued on 19 January 1956, nationalising the life-insurance sector, and the Life Insurance Corporation was established that year. The LIC absorbed 154 Indian and 16 non-Indian insurers and 75 provident societies. The LIC had a monopoly until the late 1990s, when the insurance industry was reopened to the private sector.