Revenue distribution by industry:

1. Life insurance: approx. 70%
2. Pension insurance: approx. 20%
3. Investment products: approx. 10%

TOP 3 markets:

1. India: approx. 85%
2. Middle East: approx. 8%
3. Southeast Asia: approx. 5%

The Life Insurance Corporation of India (LIC) generates the majority of its revenue from the sale of life insurance products, which is typical for a company in this industry. The Indian market dominates the revenue distribution, as LIC has a strong market presence and high brand awareness there.

The Middle East and Southeast Asia are also significant markets where LIC has established a foothold through the Indian diaspora and strategic expansions. These markets offer growth potential as the demand for insurance and financial products in these regions is increasing.

Production Sites: India (As of 2023)

The Life Insurance Corporation of India (LIC) is a state-owned insurance company that mainly operates in India. As an insurance company, LIC does not produce physical products, but offers insurance services. These services are provided through a network of offices and agents throughout India.

LIC does not have production facilities in the traditional sense, as it is a service company. The administration and development of their insurance products take place in their main and regional offices within India.

Market Expansion: Focus on rural areas and underserved markets
Digitalization: Investments in digital platforms and technologies
Product Diversification: Introduction of new insurance products

The Life Insurance Corporation of India (LICI) is pursuing a strategy that aims at market expansion, digitalization, and product diversification. The company plans to strengthen its presence in rural areas and underserved markets to promote customer growth.

Another focus is on digitalization. LICI is investing in modern technologies and digital platforms to improve customer service and create more efficient processes. This is intended not only to increase customer satisfaction but also to reduce operating costs.

Additionally, LICI is diversifying its product portfolio to meet the changing needs of customers. By introducing new insurance products, the company aims to attract both existing and new customers and thus further drive growth.

Raw material imports: No specific raw materials

The Life Insurance Corporation of India (LICI) is a financial services company specializing in insurance products. As such, LICI does not import raw materials or materials, as its business model is based on financial services and not on the production of physical goods.

Insurance companies like LICI focus on selling insurance products, managing insurance portfolios, and investing premiums in various financial instruments. Therefore, information about raw material imports is not relevant for LICI.

Market share: 66% (2023)

Embedded Value: INR 5.41 trillion (2023)

Life Insurance Corporation of India (LIC) enjoys a significant competitive advantage in the Indian insurance market. With a market share of 66% in 2023, LIC dominates the sector and benefits from strong brand recognition and an extensive distribution network.

The embedded value of INR 5.41 trillion in 2023 underscores the financial strength and long-term value of the company. This metric reflects the future profits from existing insurance contracts and the solidity of the capital base.

In addition, LIC benefits from government support and a deep-rooted presence in the Indian market, making it difficult for new competitors to enter. Despite increasing competition from private insurers, LIC remains a dominant player due to its established position and comprehensive product range.

Institutional investor share: approx. 8% (2025)

Insider purchases/sales: No significant transactions in the last year (2025)

The institutional investor share in the Life Insurance Corporation of India is around 8%. This indicates that a relatively small portion of the shares is held by institutional investors, which is typical for a company with a strong government background.

In 2025, there were no significant insider purchases or sales, which suggests a stable internal assessment of the company's value and future development. This can be seen as a sign of management's confidence in the company's long-term strategy and performance.

Market share of Life Insurance Corporation of India (LICI): 64% (2025)

Top competitors and their market shares:

1. Life Insurance Corporation of India (LICI): 64%
2. SBI Life Insurance: 9%
3. HDFC Life Insurance: 8%
4. ICICI Prudential Life Insurance: 6%
5. Max Life Insurance: 4%
6. Bajaj Allianz Life Insurance: 3%
7. Aditya Birla Sun Life Insurance: 2%
8. Kotak Mahindra Life Insurance: 2%
9. Tata AIA Life Insurance: 1%
10. PNB MetLife Insurance: 1%

Moat of LICI:

Life Insurance Corporation of India (LICI) has a significant moat, mainly characterized by the following factors:

1. Market leadership: With a market share of 64%, LICI is the undisputed market leader in the Indian life insurance sector. This dominance provides the company with substantial economies of scale and a strong bargaining position.

2. Government support: As a state-owned company, LICI enjoys the trust of the population and has access to government resources and networks that facilitate distribution and customer retention.

3. Extensive distribution network: LICI has an extensive distribution network covering both urban and rural areas. This allows the company to reach and serve a broad customer base.

Compared to competitors, LICI has a significant advantage due to its established market presence and government support. While other companies like SBI Life and HDFC Life have strong brands and innovative products, their market share is significantly lower compared to LICI. Therefore, LICI's moat is currently more pronounced, but they must continuously adapt to maintain their leading position as private insurers are increasingly gaining market share.

Market Share: 66% in the Indian life insurance market (2024)

Premium Income Growth: 10% (2024)

Solvency Ratio: 180% (2024)

The Life Insurance Corporation of India (LIC) is the dominant player in the Indian life insurance market with a market share of 66%. This demonstrates their strong market position and the trust of customers in their services.

In 2024, the company recorded a premium income growth of 10%, indicating increasing demand for life insurance products and an effective distribution strategy. A solvency ratio of 180% suggests that LIC is financially sound and has sufficient funds to meet its obligations to policyholders.

Overall, LIC demonstrates a strong market presence and solid financial indicators, making it a potentially attractive investment. However, investors should also consider the general economic situation and regulatory changes in the insurance sector before making an investment decision.

Dividend yield: 1.5% (2024) Dividend history: Regular payouts since 2022

The Life Insurance Corporation of India (LICI) has started distributing dividends to its shareholders regularly in recent years. In 2024, the dividend yield was around 1.5%, indicating a moderate but steady payout policy.

The reliability of dividend payments can be considered stable, as LICI, being a state-owned company, has a solid financial foundation. However, investors should keep an eye on the economic conditions and the financial performance of the company, as these factors can influence the future dividend policy.