LIC is India‘s largest insurance company and also the largest investor in the country, LIC was established in 1956 with the merger of 243 insurance companies and Provident Society. LIC’s headquarter is in Mumbai, LIC’s network is huge. The slogan of LIC is “Yogakshamam vahamyah” – Your welfare is our responsibility. LIC Claims Settlement is the best, if we talk about the world’s No. 1 insurance company in terms of claims paid.