essay on role of LIC in nation's building
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The LIC is the Life Insurance Corporation of India. The role of the LIC in nation building is to spread the message of life insurance in the country. Life insurance mobilizes and promotes saving in the country.
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LIC stands for Life Insurance Corporation of India. The company is one of the oldest and most reliable insurance providers in the country. It offers various types of insurance products to cater to different needs of people.
LIC is a public sector venture. Therefore, the profits earned by the organization play a key role in benefitting the government that in turn contributes to the development of the nation. Moreover, LIC plays an active role in making investments in different domains such as government bonds and share markets.
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