LIC Celebrates 70 years of Trust
National, 31 st August, 2026: The Life Insurance Corporation of India (LIC), the country's leading life insurer and a financial institution of national significance, is proudly celebrating its 70th Anniversary on 1 st September 2026. From its establishment on 1 st September, 1956, with the objective of spreading life insurance widely across the country and providing financial protection at a reasonable cost, LIC has completed seven decades of a remarkable journey built on trust, service, financial strength and an unwavering commitment to the people of India. LIC continues to sustain its Leadership position in the market with 65.16% market share in policies and 56.66% market share in First Year Premium Income in the financial year 2025-26. Total AUM increased by 5.08% to ₹ 57.29 Lakh Crore. Despite the opening of the insurance sector to private participation, LIC has retained its position as India's largest life insurer, supported by its extensive network of bran...