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Life Insurance Corporation of India

  • Writer: Priyanka Choudhury
    Priyanka Choudhury
  • Jan 20
  • 1 min read

Updated: Aug 19


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Life Insurance Corporation of India (LIC), a 68-year-old insurance company, is now managed by Govt. of India (Owner), Shri. Siddhartha Mohanty (CEO & MD), Their number of employees is nearly 1 lac. Their services include life insurance, Health insurance, Mutual funds, Unit-linked insurance plans, Asset management, term life insurance, retirement plans, whole life insurance, endowment policy, and more. LIC launched its IPO in the last of 2022 at Rs 872; this stock has shown a negative growth of -1.62% in the previous 5 years. However, their revenue is Rs. 8,64,898 crore, and their net profit is Rs. 40,916 crore for FY 2023-24.

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