Lic full form: The full form of LIC

The full form of LIC is Life Insurance Corporation of India. LIC is a government-owned insurance and investment company arising from the Life Insurance Act of India, which put the life insurance industry under the control of the government by nationalisation, thereby establishing LIC in 1956. The full form of LIC is Life Corporation of India and it offers various insurance products. You can buy any insurance product whether it is life insurance , health insurance, or investment insurance. Learn about LIC topic of Full Form in details explained by subject experts on vedantu.com. Register free for online tutoring session to clear your doubts. LIC Full Form LIC Full Form is Life Insurance Corporation of India. It is a public limited insurance company, and it offers various insurance and investment schemes. LIC was founded in 1956, and it is the country’s oldest and largest Insurance Company The Life Insurance of India Act was passed by the Parliament in 1956, which resulted in the nationalisation of private insurance companies. The head office of LIC is in Mumbai.