LIC Full Form. What is the Full Form OF LIC?

Full Form of LIC is Life Insurance Corporation of India.

Life Insurance Corporation of India (LIC Full Form) is a public sector company in India that mainly deals with life insurance products and investment plans. Life Insurance Corporation of  India (LIC) motto is “Yogakshemam Vahamyaham” It means “your welfare is our responsibility”.
Life Insurance Corporation of India (LIC) was established in 1956 when Parliament of India passed the Life Insurance of India Act. This act merged and nationalized around 245 private insurance companies and provident societies to create state-owned Life Insurance Corporation (LIC).
Life Insurance Corporation of India (LIC) is the largest life insurance company in the country. Life Insurance Corporation of India (LIC) is headquartered in Mumbai, India. LIC  has 8 zonal offices, 113 divisional offices, and more than 2000 branches. It also has more than 14 lakh LIC-agents to promote its insurance business in the country.
However, the Life Insurance Corporation of India (LIC) was at the sixth position in the list of most trusted service brands of India. 
Therefore, Life Insurance Corporation of India (LIC) was established in 1956 when the Parliament of India passed the Life Insurance of India Act. This act merged and nationalized around 245 private insurance companies and provident societies to create state-owned Life Insurance Corporation (LIC).

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