Life Insurance Corporation of India (LIC), the country’s premier financial conglomerate with footprints in 14 countries across the world, will enter into the 66th year of its existence on Wednesday. Starting with an initial capital of `5 crore in 1956, LIC today has an asset base of Rs 38,04,610 crore, with life fund to the tune of Rs 34,36,686 crore.
As per a survey by Brand Finance Insurance 100, LIC is ranked as the third strongest and 10th most valuable brand in the world.
