Archive · 31 Aug 2026
LIC Marks 70 Years of Trust, Leadership and Service
LIC is India’s largest life insurance company.
It was established on September 1, 1956, to help people protect their families financially.
The company will celebrate 70 years of service on September 1.
LIC still has the biggest share of India’s life insurance market, even though private companies can also sell insurance.
It serves customers through branches, agents and digital services.
Its assets under management have grown to ₹57.29 lakh crore.
LIC also supports communities through projects and scholarships.
The company says it will keep improving customer service and helping people stay financially secure.
Life Insurance Corporation of India will mark its 70th anniversary on September 1.
LIC held a 65.16% policy market share and 56.66% first-year premium share in financial year 2025-26.
LIC’s assets under management rose 5.08% to ₹57.29 lakh crore.
The corporation listed on the National Stock Exchange and Bombay Stock Exchange after its May 2022 initial public offering.
LIC’s Golden Jubilee Foundation has funded 1,045 projects and awarded 41,776 scholarships worth ₹105.27 crore.
- Who
- The Life Insurance Corporation of India (LIC), its policyholders, employees, agents, shareholders and other stakeholders.
- What
- LIC will mark its 70th anniversary and highlight its insurance services, financial performance, digital initiatives and community programs.
- When
- September 1; LIC was established on September 1, 1956, and the article cites financial-year 2025-26 figures.
- Where
- Across India, through LIC’s nationwide branches, agents and digital platforms.
- Why
- To commemorate seven decades of providing life insurance and financial protection and to reaffirm its commitment to customer welfare and service.
- Anniversary
- 70th anniversary on September 1
- Established
- September 1, 1956
- Policy market share
- 65.16% in financial year 2025-26
- First-year premium share
- 56.66% in financial year 2025-26
- Assets under management
- ₹57.29 lakh crore, up 5.08%
- Community projects
- 1,045 projects funded with ₹303 crore
- Scholarships
- 41,776 scholarships worth ₹105.27 crore