Life Insurance Corporation of India (LIC)
LIC is a statutory life-insurance corporation under the LIC Act 1956, headquartered at Yogakshema, Nariman Point, Mumbai. The President of India held 96.50% as at 31.03.2025. On 05 Feb 2026 its board approved nine-month FY26 results with PAT Rs 33,998 crore (up 16.68%) and total premium Rs 3,71,293 crore.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →LIC is a statutory life-insurance corporation under the LIC Act 1956, headquartered at Yogakshema, Nariman Point, Mumbai. The President of India held 96.50% as at 31.03.2025. On 05 Feb 2026 its board approved nine-month FY26 results with PAT Rs 33,998 crore (up 16.68%) and total premium Rs 3,71,293 crore.
What happened
LIC states it is a statutory corporation established under Section 3 of the LIC Act 1956 and came into existence on 1 September 1956, with corporate office at Yogakshema, Jeevan Bima Marg, Mumbai-400021 (source: LIC particulars of organisation page).
The LIC Act provides the Corporation is a body corporate and the Central Government shall at all times hold not less than 51% of issued equity (and not less than 75% for five years from first non-government issue) (source: LIC Act 1956 as amended 2021, Financial Services).
Shareholding pattern as at quarter ended 31 Mar 2025 shows Government/President of India holding 6,103,622,781 shares, 96.50% (source: LIC shareholding pattern 31.03.2025).
For nine months ended 31 Dec 2025 LIC reported PAT Rs 33,998 crore (up 16.68%), total premium Rs 3,71,293 crore (up 9.02%), individual new-business premium Rs 44,941 crore, VNB Rs 8,288 crore (up 27.96%), AUM Rs 59,16,680 crore (up 8.01%) and solvency 2.19 (source: LIC press release 05 Feb 2026).
What we could not confirm
Employee count not confirmed in pages opened, left null. FY2024-25 full-year PAT Rs 48,151 crore from 27 May 2025 release cited for context; latest development used is 05 Feb 2026 9M release.