What is the full form of LIC ?

Answer: Lic Definition: LIC Full Form: Life insurance corporation of India

Lic Description:
LICmeans or full form is Life Insurance Corporation of India.
LIC is an insurance and investment company of the Government of India.
On 1 September 1956, the Government of India decided to nationalize the insurance industry, and LIC was given the status of a company bypassing the Life Insurance Act from the Indian Parliament.
At that time, there were a lot of small insurance companies, out of which 245 were made LIC.
LIC is a company that promises to keep the future plans of any person bright and cater to their needs according to the terms of the insurance.
The main function of LIC is to provide the right facility to the insurance holder on need or in case of any kind of calamity.
Today, LIC has spread not only in India but also abroad.
LIC has today become the largest investor company in the country due to its service and convenience.
The headquarters of LIC is located in Mumbai.
LIC provides us with many facilities, including LIC Jeevan Amar, Jeevan Pragathi, Jeevan Paitha, and New Jeevan Anand along with many other types of insurance.
Today thousands of plan offers are made to the people through LIC so that people can secure life by purchasing plans and policies according to their situation.
The meaning of LIC, which is clearly placed in the minds of the people, is that “with life even afterlife” which itself speaks many words.
This means that LIC takes full care of you and your family after you leave.
It works just like its name.
This means that whoever buys the policy, on the death of that person, their dependents are compensated by the insurance company.
If the head of a family dies prematurely, it becomes very difficult to run a house in such a situation, which causes the family’s financial situation to deteriorate.
In such a situation, getting life insurance is very important.
It may be very important for you to know what is the right time to get life insurance.
So let me tell