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Objectives of LIC India

  • Spread Life Insurance widely and in particular to the rural areas and to the socially and     economically backward classes with a view to reaching all insurable persons in the     country and providing them adequate financial cover against death at a reasonable cost.

  • Maximize mobilization of people's savings by making insurance-linked savings adequately     attractive.

  • Bear in mind, in the investment of funds, the primary obligation to its policyholders,     whose money it holds in trust, without losing sight of the interest of the community as a     whole; the funds to be deployed to the best advantage of the investors as well as the     community as a whole, keeping in view national priorities and obligations of attractive     return.

  • Conduct business with utmost economy and with the full realization that the moneys     belong to the policyholders.

  • Act as trustees of the insured public in their individual and collective capacities.
  • Meet the various life insurance needs of the community that would arise in the changing     social and economic environment.
  • Involve all people working in the Corporation to the best of their capability in furthering     the interests of the insured public by providing efficient service with courtesy.


  • Source - Life Insurance Corporation of India, LIC India.