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Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 6,15,882.94 crore and total assets worth Rs. 31,96,214.81 crore It’s fully owned by the Government of India & is also the county’s largest investor.
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons and AIA Group Limited (AIA).
HDFC Life Insurance Company Limited is the First Private Sector Life Insurance Company to be granted a license.
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