About Life Insurance Co-operation of India

Life Insurance Cooperation of India dates back to one of the oldest Life Insurance company in the country.

Since its inception in 1956, the company vows to entrust the responsibility of 250 million policyholders every day, since the previous 60 years!

LIC envisions personal insurance requirements and provides plans that fit consumer needs perfectly. The company believes that trust and transparency are pertinent in the Insurance sector and therefore is one of the country’s most celebrated and prominent insurance facilitators with a consistently healthy claim settlement ratio.

Life Insurance Co-operation of India offers insurance products in the following domains :

  • Life Insurance Plans
  • Term Insurance Plans
  • Aam Aadmi Bima Yojna
  • Special Plans
  • Pension Plan
  • Unit Plans
  • Micro Insurance Plans
  • Withdrawn Plans
  • Group Plans
  • Health Plans

The Edge Offered by Life Insurance Co-operation of India

  • LIC’s innovative programs are intended to secure the greatest benefit of the policyholder and their loved ones. LIC renders a complete bushel of plans from Endowment plans to Money Back plans protection to its consumers.
  • LIC provides an uncomplicated claim process. This being the powerful reason for its highest percentage of Claim Settlement Ratio consistently over the years.
  • The customer assistance of LIC is one of the best in the industry.
  • Online customer assistance is optimised to make life more comfortable for the policyholders. Simplistic SMS can also be configured for policy details and updates.
  • LIC is an esteemed insurance company with tons of recognitions and laurels including theGolden Peacock Award-2015, India’s Most Trusted Brand-2015 and Brand Icon Award amid countless others.

Claim Settlement Ratio

In 2017-2018, Life Insurance Co-operation of India’s claim settlement ratio was 98.04%.