LIC of India: verified facts and rating
Licensed since: 1956 Checked 2026-10-30
Score breakdown
70% backed by facts · How we rank
LIC of India against the market
The dot is the company, the line is the median of all companies in this ranking.
Retail lines offered (of 6)262 · median 5
LIC of India strengths and weaknesses
Pros
- Long track record as a licensed insurer
- Publishes annual financial reports
- Policies can be bought online
- Has a mobile app for customers
Cons
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All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 1956 | licindia.in | 2026-10-30 |
| Buy a policy online | Yes | licindia.in | 2026-10-30 |
| Rating from a rating agency | Not verified | — | |
| Financial reports online | Yes | licindia.in | 2026-10-30 |
| Part of a group | No | licindia.in | 2026-10-30 |
| Report a claim online | Not verified | — | |
| Mobile app | Yes | licindia.in | 2026-10-30 |
| Claims settlement deadline stated by the insurer | Not verified | — | |
| 24/7 phone line | Yes | licindia.in | 2026-10-30 |
| Offices in the country | Not verified | — | |
| Retail lines offered (of 6) | 2 | licindia.in | 2026-10-30 |
| Policy terms online | Not verified | — | |
| Complaints procedure published | Yes | licindia.in | 2026-10-30 |
| Calculator or tariffs | Yes | licindia.in | 2026-10-30 |