- Business
- Life Insurance Corporation of India offers an extensive range of life insurance solutions across India, alongside operations in Fiji, Mauritius, and the United Kingdom. Its individual offerings encompass participating insurance policies, as well as non-participating products such as savings plans, term coverage, health benefits, annuity and pension schemes, and unit-linked insurance plans. Additionally, the company provides specialized products designed for women and children, micro-insurance options, and various riders that act as supplementary covers for enhanced benefits related to accidents, critical illnesses, and premium waivers. For groups, the corporation delivers solutions including group term insurance, group savings insurance, group savings pension, and group annuity products. Established in 1956 following the nationalization of the Indian insurance sector, Life Insurance Corporation of India maintains its principal office in Mumbai, India.