How did it come into being?
LIC was formed on January 19, 1956, when the government decided to take over all the 245 life insurers (including foreign ones) operating in India. So, LIC was created with an objective to nationalise life insurance in India, spread insurance widely and effectively mobilise public savings. Here are the key milestones in its journey:
What's embedded value?
This story is from the April 2022 edition of Wealth Insight.
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This story is from the April 2022 edition of Wealth Insight.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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