What is Lic Madurai?
The Life Insurance Corporation of India has established various customer care zones in the country and Lic Madurai is one of them. It provides a whole range of mutual fund, insurance and investment related products in the Madurai district. LIC is the hundred percent Indian Government owned life insurance company which based with corporate head office in Mumbai, Maharashtra, India. The company offers life and health insurance policies, investment management, endowment policies, children plans and whole life plans according to customers needs.
LIC was publicly embarked on September 1, 1956. It was the result of merger between 245 insurance companies and was established by the Act of 'Life Insurance of India' passed by the 'Parliament of India'. The company has more than 2048 branches, 118 divisional offices and 8 zonal throughout the country. LIC also works to promote education level in India through LIC Golden Jubilee Foundation, a charity organization formed in 2006. Every year, the organization gives scholarship awards to the meritorious students across the country. It also owns several business associates such as LIC Cards Services, LIC Nomura Mutual Fund, LIC Housing Finance, LIC Pension Fund and LIC International.