&SICCI are listed on their respective Stock Exchanges. Ltd., Nairobi, Kenya and Saudi Indian Company for Co-operative Insurance (SICCI), Riyadh, Kingdom of Saudi Arabia are composite companies transacting life and non-life business and two JVs, LIC (Nepal) Ltd. Among the above two joint ventures (JVs), Kenindia Assurance Co. A Wholly owned subsidiary, Life Insurance Corporation (Singapore) Pte Ltd. LIC has also formed a Joint Venture Company Life Insurance Corporation (LIC) of Bangladesh Limited between Life Insurance Corporation of India, Strategic Equity Management Ltd and Mutual Trust Bank Ltd on. registered in Colombo and Saudi Indian Company for Co-operative Insurance(SICCI) registered in Riyadh. registered in Kathmandu Life Insurance Corporation (Lanka) Ltd. registered in Nairobi Life Insurance Corporation (Nepal) Ltd. It also operates through Joint Venture(JV) Companies in overseas Insurance Market, namely Life Insurance Corporation (International) B.S.C.(c), registered in Manama (Bahrain) Kenindia Assurance Company Ltd. The Corporation has Branch Offices in Fiji, Mauritius and United Kingdom. As on 31st March, 2016, LIC has 8 Zonal Offices, 113 Divisional Offices, 2048 Branch Offices, 73 Customer Zones, 1401 Satellite Offices and 1240 Mini Offices in India.
LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959 and Insurance Regulatory and Development Authority Act 1999. LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956.
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