Even as government has started a massive preparation to launch Life Insurance Corporation's mega IPO, the life insurance behemoth has seen its total assets growing robustly by 22 per cent in year on year(y-o-y) to Rs. 38,04,610 crore in FY 2020-21,

The corporation's total Life Fund(total investment) has gone up by 10 per cent y-o-y to the tune of Rs.34,36,686 rores in Fy 2020-21.

The total funds of the corporation, invested across the sectors of the economy, are Rs 36,76,170 crores as on 31st March 2021.

In 2020-21 LIC has settled 229.15 lakhs claims amounting to Rs. 1,47,754 crores.

With footprints in 14 countries, LIC is entering into 66th year of its existence on 1st September, 2021.

During fy 2020-21 the LIC has sold 2.10 crore new policies and registered a growth of 3.48 per cent in the new business in terms of the first year premium by collecting an amount of Rs 1.84 Lakh crore in FY 2020-21.

LIC's Pension & Group Superannuation business vertical crossed one trillion mark successively for two years in a row by collecting Rs.1,27,769 crores as new business premium income .

The corporation continues to be a market leader by holding majority of market share at  66.18 per cent in first year premium income
and 74.58 per cent in number of policies.

Facing tough competition from the private sector players,after many years,it had improved its market share,in terms of new premium income to 68.74 per cent in 2019-20 against a market share of 66.24 in 2018-19.

Today LIC offers a bouquet of 32 plans for sale under individual business, each catering to the needs of various segments of the society

renewal premium collection transactions through the digital infrastructure have reached an all-time high of 74.8% in terms of total amount collected. 

Currently LIC has eight zonal Offices, 113 divisional offices, 74 customer zones, 2048 branch offices, 1546 satellite offices, more than 42000 premium points and life plus offices and , over one lakh  employees, 13.53 lakh agents,

In bancassurance segment, LIC has tied up with eight PSU banks, 6 private banks, 13 regional rural banks, 41 cooperative banks and one foreign bank to enhance its productivity.

As per a survey report released by Brand Finance Insurance 100, LIC is ranked as the 3rd Strongest and 10th most valuable brand, in the world.