Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is the largest state-owned insurance and investment corporation in India. Established in 1956, the company provides a wide range of financial products including life insurance, pension schemes, and health insurance plans. While LIC is not a biotechnology or pharmaceutical company, it is a major stakeholder in the healthcare ecosystem as a primary provider of health insurance coverage to the Indian population. Additionally, LIC acts as a massive institutional investor, holding significant equity in various pharmaceutical and healthcare enterprises. Headquartered in Mumbai, the corporation operates through a vast network of divisional and branch offices across India and several international locations.