LIC is an Indian state owned insurance group and investment company Headquarter in Mumbai . it is the largest insurance estimated asset value of INR 1560481.14 crore(US $260 billion). As of 2013 it had total life fund of rs.1433103 crore with total value of policies sold of 367.82 lakh in 2013. The Life insurance company(LIC) was founded in 1956 ,when the parliament of India passed the life insurance of India act the nationalized the private insurance industry in India. over 245 insurance companies and provident societies were merged to create the state owned life insurance corporation.there is 9 crore agents working in LIC all over India.so its a huge number of agents working for LIC.
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