Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 6,15,882.94 crore and total assets worth Rs. 31,96,214.81 crore It’s fully owned by the Government of India & is also the county’s largest investor.
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group and the Sun Life Financial Services of Canada. It started operations in March 2001 after receiving its registration licence from IRDA in January 2001.