Life Insurance Corporation of India:
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LIC is a government-owned insurance and investment company arising from the Life Insurance Act of India.
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It is a statutory body.
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Established in 1956.
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HQ : Mumbai
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Its aim is to provide citizens with a higher return on economic security through services and products than most other investment players on the market, thereby helping them build a particular quality of life and providing economic development.
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LIC is fully owned by the government.