LIC Health Insurance Plans

Arnold11 Nov, 2021Miscellaneous

LIC stands for Life Insurance Corporation, is an Indian statutory investment and insurance organization, which was established on 1 September 1956 under the ownership of the Ministry of Finance, Government of India. More than 245 companies and provident societies were merged over time to create the state-owned life corporation of India. LIC provides LIC Health Insurance Plans and LIC Life Insurance Plans and remained the monopolist for most of the years until 2000 and now they also insured most of the people in our country despite the fact, that many new companies have been competing in the same market.