About Life Insurance Corporation of India
Life Insurance Corporation of India is a company based in Mumbai (India) founded in 1956.. Life Insurance Corporation of India has raised $108.09 thousand across 2 funding rounds from investors including IFU and IDBI Bank. The company has 91,610 employees as of March 31, 2024. Life Insurance Corporation of India has completed 1 acquisition, including IDBI Bank. Life Insurance Corporation of India operates in a competitive market with competitors including SBI Life Insurance, HDFC Life, ICICI Prudential Life Insurance, PNB MetLife and Tata AIA, among others.
- Headquarter Mumbai, India
- Employees 91610 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Life Insurance Corp. Of India
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Annual Revenue
$103.86 B (USD)4.03as on Mar 31, 2024
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Net Profit
$5.64 B (USD)18.1as on Mar 31, 2024
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EBITDA
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Total Equity Funding
$108.09 K (USD)
in 2 rounds
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Latest Funding Round
$665.41 M (USD), Debt – Conventional
Sep 19, 2019
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Investors
IFU
& 1 more
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Employee Count
91610
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of Life Insurance Corporation of India
Life Insurance Corporation of India is a publicly listed company on the NSE with ticker symbol LICI in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Life Insurance Corporation of India
Life Insurance Corporation of India has successfully raised a total of $108.09K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $665.41 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $665.4M
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First Round
First Round
(01 Jun 1995)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Life Insurance Corporation of India | Valuation |
investors |
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| Jun, 1995 | Amount | Private Equity Round - Life Insurance Corporation of India | Valuation | IFU |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Life Insurance Corporation of India
Life Insurance Corporation of India has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include IFU and IDBI Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Founded Year | Domain | Location | |
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Commercial banking services are provided across India by IDBI Bank.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Life Insurance Corporation of India
Life Insurance Corporation of India has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IDBI Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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IDBI Bank is engaged in providing banking and financial services.
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1964 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Life Insurance Corporation of India
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Life Insurance Corporation Of India Comparisons
Competitors of Life Insurance Corporation of India
Life Insurance Corporation of India operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SBI Life Insurance, HDFC Life, ICICI Prudential Life Insurance, PNB MetLife and Tata AIA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life Insurance joint venture between SBI and BNP Paribas Cardiff
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| domain | founded_year | HQ Location |
Life and health insurance services are offered in India.
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Life Insurance Corporation Of India
Frequently Asked Questions about Life Insurance Corporation of India
When was Life Insurance Corporation of India founded?
Life Insurance Corporation of India was founded in 1956 and raised its 1st funding round 39 years after it was founded.
Where is Life Insurance Corporation of India located?
Life Insurance Corporation of India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Life Insurance Corporation of India a funded company?
Life Insurance Corporation of India is a funded company, having raised a total of $108.09K across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $108.09K, raised on Jun 01, 1995.
How many employees does Life Insurance Corporation of India have?
As of Mar 31, 2024, the latest employee count at Life Insurance Corporation of India is 91,610.
What is the annual revenue of Life Insurance Corporation of India?
Annual revenue of Life Insurance Corporation of India is $103.86B as on Mar 31, 2024.
What does Life Insurance Corporation of India do?
The Life Insurance Corporation of India was founded in 1956 and is headquartered in Mumbai, India. Operations focus on the life insurance sector, where various policies including standard life insurance, micro insurance, and withdrawn plans are offered to customers across the country. In 2022, annual revenues of 100.35 billion were achieved, alongside a net profit of 0.55 billion. Management is handled by directors such as Ramachandran Doraiswamy and Tablesh Panday.
Who are the top competitors of Life Insurance Corporation of India?
Life Insurance Corporation of India's top competitors include SBI Life Insurance, PNB MetLife and Tata AIA.
Is Life Insurance Corporation of India publicly traded?
Yes, Life Insurance Corporation of India is publicly traded on NSE under the ticker symbol LICI.
How many acquisitions has Life Insurance Corporation of India made?
Life Insurance Corporation of India has made 1 acquisition, including IDBI Bank.
Who are Life Insurance Corporation of India's investors?
What is Life Insurance Corporation of India's ticker symbol?
The ticker symbol of Life Insurance Corporation of India is LICI on NSE.
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