LIC - Insurance Company

General information

LIC Lanka Ltd. (LIC Lanka) is a joint venture of LIC of India (LIC) and the Bartleet Group of Sri Lanka.

LIC of India is India’s and the world’s leading life insurance provider. LIC is fully owned by the Government of India, set up in 1956 by an Act of the Indian Parliament. LIC has

Grown from a mere 5 crore capital in 1956 to its present stature boasting of an asset base of 48,350 billion US Dollars, higher than the GDP of over 75% of the countries in the world (only 4 countries have population higher than LIC’s customers). LIC commands a market share of 72% in India and is awarded the most trusted service brand, most recognizable brand for the 7th year in succession. LIC has been the most awarded life insurer in the Indian financial services arena.

Bartleet Group with over a century of experience and expertise in Sri Lanka, is a well diversified conglomerate with interests in Tea, Money Broking, Finance and Leasing, Stock Broking etc.

LIC (Lanka) Ltd. though started its operation in 2002, was in fact operating in the Sri Lankan market since 1956. In 1962 when the Ceylon Government nationalized the Insurance sector, LIC of India had to quit, but continued to establish expertise and talent for the local insurance sector. Management Development Centre of LIC of India in Mumbai was instrumental in training many Sri Lankan insurance officials who later went on to become the stalwarts of the insurance industry. LIC of India re-entered Sri Lanka as LIC (Lanka) Ltd. and is today an established name in the life insurance market of Sri Lanka. With fully fledged at over 25 locations in the length and breadth of the Island, LIC (Lanka) Ltd. is poised to win the Sri Lanka consumers heart by its range of products and services.