What is Lic Dhanbad?
LIC is an Indian Government owned life insurance company. It is a leading financial services company which functions in every area of investment, insurance and mutual funds through providing a huge range of schemes and plans. The main motive behind establishment of Lic is to provide all kinds of assistance for the Indian citizens. This State-owned Life Insurance Corporation was created in the year of 1956 when the Parliament of India approved the Life Insurance of India Act. Approximately 245 provident communities and insurance agencies were amalgamated to establish LIC India.
The corporate management office of Life Insurance Corporation of India, is built up in Mumbai, Maharashtra, India. In Addition, the company has many subsidiaries namely LIC Pension Fund Limited, LIC Cards Services, LIC Nomura Mutual Fund, Lic Housing Finance and LIC International to provide different types of life secure products. LIC mainly provides unit plans, health insurance services, pension plans, investment management, withdrawn plans, micro insurance plans, groups schemes, mutual funds and other products.