Life Insurance Corporation Of IndiaNSE LICI Stock Report

Life Insurance Corporation of India engages in the provision of insurance plans. The company is headquartered in Mumbai, Maharashtra and currently employs 98,463 full-time employees. The company went IPO on 2022-05-17. The firm is engaged in the business of life insurance in and outside India. The company offers a range of individual and group insurance solutions including participating, non-participating and unit linked lines of businesses. The portfolio comprises various insurance and investment products such as protection, pension, savings, investment, annuity, health and variable. Its segments include Life Individual, Participating Pension Individual, Participating Annuity Individual, Non Participating Life (Individual & Group), Non Participating Pension (Individual & Group), Non Participating Annuity Individual, Non Participating Variable individual, Non Participating Health individual, Non Participating Unit Linked. The company has approximately 44 products, which include 33 individual products and 11 group products. Its insurance plans include Saral Jeevan Bima, Saral Pension, Arogya Rakshak, Dhan Rekha, Bima Jyoti, and others.