The Life Insurance Corporation of India (LIC) was established in 1956 by the Indian Parliament to bring the life insurers in India under one roof, and is now a £65 billion company. LIC with 170 million policyholders is one of the largest insurance companies in the world. The company employs 122,000 people for administration in India and worldwide, and over 1 million individuals distributing its products. LIC settles more than 43,000 claims per working day.

Life Insurance Corporation of India has a worldwide presence. As a part of its worldwide operations, the UK branch was established in 1961 in London. LICI UK provides information and advice on the Protection, Pensions, Savings and Investment products and services from its own range of products and carefully selected third party products. LICI UK is the trading name of Life Insurance Corporation of India. It is authorised and regulated by the Financial Services Authority.

How did LICIUK come about?

LICI UK is a branch of Life Insurance Corporation of India. LICI UK and is committed to provide customers in the UK with competitive products and services enabling them to improve the quality of life both now and in the future. With knowledge of the UK and the Indian market, LIC is well-placed to deal with customers in the UK as well as those from India living in the UK on a temporary basis.

At LICI UK, we believe that our customers are our most important asset. Our products and services are designed to be both competitive and modern, whilst retaining a level of simplicity to ensure that our customers have a clear understanding of what they are buying. Our commitment to customers means that we will constantly review our services, maintaining and improving them wherever necessary.

Our Mission

'To explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns and by rendering resources for economic development.'