The most fundamental difference between LIC and GIC lie in the spectrum of business they undertake. LIC deals with life insurance while GIC majorly deals with reinsurance. Let us …

Feb 26, 2022 · LIC (Life Insurance Corporation of India) and GIC (General Insurance Corporation of India) are different insurance companies in India. LIC deals with life insurance policies, …

Oct 9, 2019 · In this article, let’s learn the difference between life insurance and general insurance along with learning the types of plans offered under each of the two insurance categories. …

Life insurance corporation, popularly known as lic is indian state-owned insurance group and investment company. Buy life insurance plans and policies from LIC of india avail tax benefits …

The Government of India (GOI), through Nationalisation took over the shares of 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance …

Jun 28, 2023 · Among the various life insurance providers, the LIC is the sole government-owned insurance company. In the non-life insurance domain, there are six public sector insurance …

Jan 15, 2010 · The document discusses the history and operations of Life Insurance Corporation (LIC) and General Insurance Corporation (GIC) in India. It provides background on LIC, …

LIC stands for Life Insurance Corporation of India, while GIC stands for General Insurance Corporation of India. Although both are insurance companies, they have distinct differences in …

General Insurance Corporation, (abbreviated as GIC), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under …

Mar 20, 2025 · The government nationalized the life insurance sector in 1956 and the general insurance sector in 1972, leading to the establishment of Life Insurance Corporation of India …