LIC, or Life Insurance Corporation of India, is the largest insurance company in India. Established in 1956, LIC offers a range of life insurance policies to individuals, providing financial protection and security to them and their families. LIC policies are known for their reliability, affordability, and wide range of benefits, making them a popular choice among consumers.

There are several types of LIC policies available, including term insurance, endowment policies, money-back policies, pension plans, and unit-linked insurance plans (ULIPs). Each policy is designed to meet different financial needs and goals, such as providing financial security in case of the policyholder’s death, offering a lump sum payment on maturity, or providing regular income during retirement.