Today is LIC foundation day.Life Insurance Corporation of India is a very popular company in the field of insurance in India. It was started on 1st September 1956. This Organisation completed 64 years and entered into 65th year.
The Organisation started with 5 crore rupees. But today the assets of the company are about 32 lakh crores. Today this is the largest Insurance company in the country. More than 2 crores policies were sold this year and the company's share in the insurance business is about 68.7%, I understand.
Many employees may go for this insurance policy as there is the benefit of an income tax rebate for the money paid on this policy premium as per income tax rules.
Income tax agents will also make good business and earn a good commission for their business. Now many private companies came and there is a competition. But LIC is the leading company in this field. A wish a happy anniversary to LIC and all the employees of LIC.