The Life Insurance Corporation of India (LIC) was formed on September 1, 1956 through an act of Parliament. It is wholly owned by the Government of India and headquartered in Mumbai. LIC is the largest life insurer in India, providing life insurance and investment plans to customers. As per the document, LIC's objectives include carrying out life insurance business, acquiring and disposing of property for business purposes, lending and borrowing money, and performing other related activities.

1. LIFE INSURANCE
CORPORATIONOF
INDIA (LIC)

2. - formed September 1st 1956.
- passed on 19th June 1956
- owned by government of
India
- Head Offices: MUMBAI
- 8 zonal offices
INTRODUCTION

3. LIC
Chairman
M R
KUMAR

4. Managing Directors
Vipin Anand T C Suseel Kumar Mukesh Kumar Gupta Raj Kumar

5. WHAT IS LIFE
INSURANCE?
LIFE INSURANCE IS A CONTRACT
THAT PLEDGES PAYMENT OF AN
AMOUNT TO THE PERSON
ASSURED (OR HIS NOMINEE) ON
THE HAPPENING OF THE EVENT
INSURED AGAINST.

6. :
Objectives Of LIC
LIFEINSURANCEOF
INDIA

7. OBJECTIVE 1
To carry on capital redemption business,
annuity certain business or reinsurance
business in so far as such reinsurance business
relating to life insurance business.

8. OBJECTIVE 2
To acquire, hold and dispose of any property
for the purpose of its business.

9. OBJECTIVE 3
To advance or lend money upon the security
of any moveable or immovable property or
otherwise.

10. OBJECTIVE 4 & 5
To borrow or raise any money In such manner
and upon such security as the corporation may
think fit.
To do all such things as may be incidental or
conducive to the excercise of any of the powers
of the corporation

11. Savings Institution
Term Financing
Institution
Stabiliser In Share
Market
Investment
Institution
Features of LIC
LIFEINSURANCEOF
INDIA

12. Savings Institution
Term Financing
Institution
Stabiliser In Share
Market
Investment
Institution
Features of LIC
LIFEINSURANCEOF
INDIA

13. Savings Institution
Term Financing
Institution
Stabiliser In Share
Market
Investment
Institution
Features of LIC
LIFEINSURANCEOF
INDIA

14. Features of LIC
LIFEINSURANCEOF
INDIA
Savings Institution
Term Financing
Institution
Stabiliser In Share
Market
Investment
Institution