Who owns LIC?
LIC is owned by LIC of India (India, NSE: LICI).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Life Insurance Corporation of India Annual Report 2023-24. Last checked .
Key facts
- Current owner
- Life Insurance Corporation of India reported
- Owner HQ
- 🇮🇳 India, Mumbai
- Origin
- 🇮🇳 India
- Founded
- 1956
- Category
- Finance & insurance › Insurance › Life & health insurance
- Parent ticker
- NSE: LICI
- Last verified
- · 1 sources
About LIC
LIC is the life insurance brand of Life Insurance Corporation of India, which was established on 1 September 1956 under the Life Insurance Corporation Act. The FY2023-24 annual report lists foreign branches in Fiji, Mauritius and the United Kingdom, and subsidiaries in Singapore, Bahrain, Nepal, Sri Lanka and Bangladesh.
Ownership timeline of LIC
- Current owner LIC of India [1] reported
Where LIC sits in LIC of India
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full LIC of India ownership tree →
See the full LIC of India brand portfolio (7) →
Other brands owned by LIC of India
LIC of India controls 7 brands on Brandtree, 7 of them in finance & insurance.
Also in finance & insurance
Other brands in life & health insurance, and who owns them
The 33 brands in life & health insurance on Brandtree belong to 19 owners. The largest is Nippon Life, with 4; LIC of India has 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Hanasaku Life Insurance | Nippon Life | 🇯🇵 Japan |
| Meiji Yasuda | Meiji Yasuda | 🇯🇵 Japan |
| Assupol | Sanlam | 🇿🇦 South Africa |
| Elips Life | Swiss Re | 🇨🇭 Switzerland |
| American Income Life | Globe Life | 🇺🇸 United States |
| Singlife | Sumitomo Life | 🇯🇵 Japan |
| CNP Assurances | CNP Assurances | 🇫🇷 France |
| VitalityLife | Discovery | 🇿🇦 South Africa |
About the owner: LIC of India
LIC of India is a publicly listed company headquartered in Mumbai, India, founded in 1956. Brandtree records 7 brands under its control, and it is listed as NSE: LICI.
Life Insurance Corporation of India was established on 1 September 1956 under the Life Insurance Corporation Act, 1956, and its central office is Yogakshema, Jeevan Bima Marg, Nariman Point, Mumbai. Its FY2023-24 annual report gives the President of India as holding 6,10,36,22,781 equity shares, 96.5% of the total, and shows its shares listed on NSE (symbol LICI) and BSE (code 543526). The report says that on 31 March 2024 the Corporation had three wholly owned subsidiaries, four subsidiaries and six associate companies.
LIC of India: full profile, brands and acquisition history →
🇮🇳 LIC and other Indian brands
Brandtree records a controlling owner for 255 brands that began in India. 9 of them (4%) are now controlled by a company headquartered in another country; LIC is not one of them.
- Axis Max Life Insurance — Max Financial Services 🇮🇳
- Bajaj Finance — Bajaj Finserv 🇮🇳
- Digit Insurance — Go Digit 🇮🇳
- GIC Re — GIC Re 🇮🇳
- Nippon Life India Asset Management — Nippon Life 🇯🇵
- 8PM — Radico Khaitan 🇮🇳
Frequently asked questions
Who is the parent company of LIC?
The parent company of LIC is LIC of India, a publicly listed company headquartered in India.
Is LIC Indian?
Yes. LIC originated in India in 1956 and its owner, LIC of India, is also headquartered in India.
Is LIC still owned by LIC of India?
Yes. As of 10 October 2026, LIC is still owned by LIC of India. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Life Insurance Corporation of India Annual Report 2023-24 — Life Insurance Corporation of India, Annual report; retrieved 10 October 2026.
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