Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

November 25, 2015 8:37 PM ET


Company Overview of Life Insurance Corporation of India

Company Overview

Life Insurance Corporation of India provides life insurance products in India and internationally. The company offers insurance, pension, unit, special, and micro insurance plans; groups schemes, withdrawn plans, and health plans. It provides its products through its branch or divisional offices, and agents. The company was founded in 1956 and is based in Mumbai, India. It has branch, divisional, zonal, and satellite offices in India.


West Wing

4th floor

Jeevan Bima Marg

Mumbai,  400021


Founded in 1956


91 22 2202 2151


91 22 2202 8943

Key Executives for Life Insurance Corporation of India

Managing Director, Executive Director, Member of Executive Committee, Member of Building Advisory Committee and Member of Social Security Committee
Age: 59
Managing Director, Executive Director of Corporate Communication, Director, Member of Risk Management Committee and Member of Policyholder Protection Committee
Age: 57
Managing Director, Chief Executive Officer of Housing Finance, Managing Director of Housing Finance, Director and Member of Policyholder Protection Committee
Age: 57
Chief Executive of Lichfl-Central Office Mumbai and Managing Director of Lichfl-Central Office Mumbai
Age: 55
Chief Executive Officer of Fgn-Bahrain and Managing Director of Fgn-Bahrain
Compensation as of Fiscal Year 2015.

Life Insurance Corporation of India Key Developments

Investors Eye National Securities Depository And Central Depository Services

National Stock Exchange and Bombay Stock Exchange are in an advanced stage of talks with investors for selling their shareholdings in National Securities Depository Ltd (NSDL) and Central Depository Services India Ltd (CDSL), respectively. NSE has around 25% stake in NSDL, while BSE's holding in CDSL is around 54%. The deadline for cutting the stake to at least 24%, set by stock market regulator Securities and Exchange Board of India (SEBI), ended last month. Both exchanges are in separate talks with institutional investors, including Life Insurance Corporation of India (LIC), to sell their holdings. "We are talking with a few and (are) in an advanced stage for diluting about 1%," said a NSE spokesperson. The one for BSE declined to comment.

Nomura Plans To Sell Stake In Mutual Fund JV With LIC

Nomura Holdings, Inc. (TSE:8604) intends to sell its stake in its mutual fund joint venture with Life Insurance Corporation of India (LIC). Nomura Holdings has sounded out Life Insurance Corporation about its intention to exit LIC Nomura Mutual Fund Asset Management Company the fund house has struggled to withstand the stiff competition in the domestic mutual fund industry. LIC and LIC Housing Finance Ltd. (NSEI:LICHSGFIN) may buy out Nomura's stake in the asset management company, said a person familiar with the development. Nomura Holdings may have to sell its stake at a loss to the price it paid to acquire the stake, said a person familiar with the development. In response to an Economic Times query on the matter, a Nomura spokesperson said, "no comments at this point in time." A senior LIC official who did not want to be identified said, "There was an option for Nomura to part ways after three years and they are exercising that option now that the term has got over. Explaining details of the deal, the executive added, “The proposal will first be cleared by LIC Nomura board and then it will come to LIC board." Life Insurance Corporation has initiated talks with public sector banks to sell the 35% stake held by its Japanese partner Nomura in its mutual fund arm, sources said.

Piramal Enterprises To Acquire Control Of IL&FS

The investment committee of Life Insurance Corporation of India disclosed that Piramal Enterprises Limited (BSE:500302) is within striking distance of taking control of Infrastructure Leasing & Financial Services Limited (IL&FS). The IL&FS board discussed the contours of the proposed deal a few weeks ago. As per the plan, Piramal will carve out its financial services business and merge it with IL&FS in an all stock deal to create a $2.5-billion company, said two people with direct knowledge of the development. The Piramal board is slated to meet soon to take up the proposal.

Recent Private Companies Transactions

Private Placement
September 14, 2015
Corporation Bank
June 14, 2015
Cairn India Limited
Private Placement
March 7, 2015
Bank of India Limited

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Life Insurance Corporation of India, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at