{"id":5561,"date":"2018-06-08T01:01:01","date_gmt":"2018-06-07T19:31:01","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=5561"},"modified":"2018-07-05T10:50:28","modified_gmt":"2018-07-05T05:20:28","slug":"is-lic-of-india-a-government-company","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/is-lic-of-india-a-government-company\/","title":{"rendered":"Is LIC of India a government company?"},"content":{"rendered":"<div class=\"u-serif-font-main--large\">\n<div class=\"ui_qtext_expanded\">\n<div class=\"u-serif-font-main--large\">\n<div class=\"ui_qtext_expanded\">\n<p class=\"ui_qtext_para\">LIC of India is a Corporation established by LICI Act 1956 and fully owned by the Govt of India. After nationalization Govt. Of India had paid 5 crores to <strong><a href=\"https:\/\/www.antworksmoney.com\/blog\/make-lic-payment-online\/\">LICI<\/a><\/strong> as share capital and till date, no other shareholders are there and so Govt. of India is its only shareholders and hence LICI is a Corporation under it<\/p>\n<\/div>\n<\/div>\n<p class=\"ui_qtext_para\">LIC of India was formed by an Act in the Parliament under LIC Act,\u00a0It is a statutory institution owned by Govt like RBI,\u00a0It is not a company registered under companies act.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div id=\"TQRHoy\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LIC of India is a Corporation established by LICI Act 1956 and fully owned by the Govt of India. After nationalization Govt. Of India had paid 5 crores to LICI as share capital and till date, no other shareholders are there and so Govt. of India is its only shareholders and hence LICI is a &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/is-lic-of-india-a-government-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Is LIC of India a government company?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5561","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Is LIC of India a government company? - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"LIC of India is a Corporation established by LICI Act 1956 and fully owned by the Govt of India. 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