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The 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.
LIC Building is a 15-storied building in Chennai, India, serving as the southern headquarters of the Life Insurance Corporation of India. It is the first skyscraper built in India [4] [5] and an important landmark in the city. Located on the arterial Anna Salai (formerly Mount Road), the building is 54 m (177 ft) tall.
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