Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹49.24 trillion (US$620 billion) as of March 2023. It is under the ownership of Government of India and administrative control of the Ministry of Finance.

The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalising the insurance industry in India. Over 245 insurance companies and provident societies were merged.

LIC reported 290 million policyholders as of 2019, a total life fund of 28.3 trillion, and a total value of sold policies in the year 2018–19 of 21.4 million. The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of 775,283 crore (equivalent to 8.2 trillion or US$100 billion in 2023) and a profit of 4,415 crore (equivalent to ₹47 billion or US$590 million in 2023).