On 1September 2014, Life Insurance Corporation India (LIC) completes 58 years of Glorious service.
LIC was formed on 1 September 1956 by merging and consolidating 245 insurance companies, as per the Life Insurance Act passed by the Parliament on 19 June 1956.
After it started functioning, by its efficient and customer oriented service, LIC grew in to one of the best PSU in a very short time. Now it is the biggest insurance company in India. Its service is also best.
The All India Insurance Employees Association is the biggest union in LIC and has got about 82% support of workers. It is part of the progressive TU movement.
On the 58 Birth Anniversary of LIC, my hearty Congratulations to the LIC, AIIEA and its workers!