LIC, India’s leading life insurer and financial conglomerate, which has also emerged as the fastest-growing Indian brand with a remarkable 36 per cent growth, celebrated its 69th anniversary on September 1.
“This milestone is a testament to the dedication and hard work of our team, the immense trust reposed in LIC by our customers, and a robust system that has consistently demonstrated a commitment to excellence, innovation, and customer satisfaction,” LIC said in a statement.
Reflecting on its journey, LIC said that as it marks 69 years of operations, it takes pride in its growth, innovation, and unwavering commitment to excellence.
“Even after over two decades of insurance sector liberalization, LIC has maintained its leadership position in the market with a 65.83 per cent share in policies and 57.05 per cent share in first-year premium income in FY 2024–25. Total AUM rose by 6.45 per cent to ₹54.52 lakh crore,” the statement added.