By FMTeam You may already know that LIC is quite literally the largest life insurer in India, and it is not just a sudden move or anything like that; LIC has been keeping up the work to get to this point. Sadly, not a lot of people know about Life Insurance Corporation that much, like the backstory of it. That’s why today we’re here to briefly introduce LIC, along with talking points like Life Insurance Corporation Net Worth, Owner, CEO, Head Office, etc.
| Company name | Life Insurance Corporation of India (LIC) |
| Establishment year | 1956 |
| Head Office | Mumbai |
| Owner/Founder | Government of India (under Ministry of Finance administrative control) |
| CEO name | Shri R. Doraiswamy |
| Industry | Life insurance |
| Number of employees | 98,667 |
| Net worth (Market cap) | ₹5.39 lakh crore (7th Jan 2026) |
| Total revenue in 2025 | ₹8.88 lakh crore |
Company Profile
Many of you may not know the actual backstory behind it, see, after the Government of India nationalized the life insurance sector and merged several private insurance companies into one entity, LIC was set up as a company on 1 September 1956. As for now, their main head office is down there in Mumbai. And decades later now, it is THE biggest life insurer in the country.
LIC Net Worth (Market Capitalization)
It’s a good and quick thing to look at the market cap to get the idea of how big the company really is, financially-speaking. And in the case of LIC, the market cap is standing at around ₹5.39 lakh crore mark.
Current Status, Recent Updates, and Future Outlook
If you do the stock trading, you already know the fact that LIC is a government-controlled insurer and is still listed on the Indian stock exchanges. It conducts large-scale life insurance operations in India and in some foreign markets. Talking about the recent stuff, see, lately, LIC has been mainly working on bancassurance tie-ups and launching new insurance products. The official releases show that the company has partnered with YES BANK and AU Small Finance Bank and introduced new products like Protection Plus, Bima Kavach, Jan Suraksha, and Bima Lakshmi.
On the digital front, LIC has rolled out initiatives such as premium payments via a WhatsApp bot and tech refreshes under Project DIVE, indicating a greater move towards digitally-enabled customer service and operational efficiency.