This all-over article is dedicated to the LIC full form and its meaning’s explanation. Below we are going to discuss the full forms and meanings of the LIC term in medical, banking, and computer. We all have fear of losing something like our automobile, life, and even animals too, therefore we make insurance for these and in case we lose it then the insurance will pay the money back. The LIC company is also related to the insurance term, therefore to understand it in detail, read this article till the end. Now, it’s time to start learning of the LIC’s different meanings and find what is the LIC’s full form?
LIC Full Form
The full form of the LIC is the Life Insurance Corporation
L – Life
I – Insurance
C – Corporation
The LIC is an abbreviation of the Life Insurance Corporation, which is the Insurance and Investment Corporation owned by the Indian Government. The LIC company workes under the Ministry of Finance, the Government of India, and It was established on 1 September 1956.
LIC Full Form In Medical
The full form of the LIC in medical is the Labeler Identification Code or Liver Iron Concentration
L – Labeler
I – Identification
C – Code
LIC Full Form In Computer
The full form of the LIC in the computer is the Life Insurance Corporation
L – Life
I – Insurance
C – Corporation
In the computer, the LIC refers to the Life Insurance Corporation of India, which is the Indian Government’s insurance company. If you want to join the LIC company, then you must be computer-friendly, and you are an expert in Excel, MS-office. The LIC company has its own software called Efeap, which was developed by LIC employees and it is very easy to use.
LIC Full Form In Banking
The fullform of the LIC in banking is the Life Insurance Corporation
L – Life
I – Insurance
C – Corporation
In banking, the LIC means the Life Insurance Corporation of India, and it has a network of a total of 42 banks for soliciting life insurance business from the public. The LIC chairman’s full name is Sidhartha Mohanty.
LIC Full Form In Salary
The fullform of the LIC in the salary is the Life Insurance Corporation
L – Life
I – Insurance
C – Corporation
LIC Of India Subsidiaries
- LIC Housing Finance
- Industrial Development Bank Of India
- Life Insurance Corporation (Lanka) Ltd
- LIC International Ltd
- LIC Cards Services Ltd
- LIC Mutual Funds Ltd
- LIC Pension Funds Ltd
FUP Full Form In LIC
The FUP full form if the LIC is the First Unpaid Premium
F – First
U – Unpaid
P – Premium
FAB Full Form In LIC
The FAB full form in the LIC is the Final Additional Bonus
F – Final
A – Additional
B – Bonus
LIC Stands For
The LIC stands for the Life Insurance Corporation
L – Life
I – Insurance
C – Corporation
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FAQ
Is LIC Is Government Or Private?
The LIC stands for the Life Insurance Corporation of India and it is a Government-owned corporation.
Is LIC A Govt Job?
Yes, because the LIC is a public sector corporation undertaken by the Central Government of India.
What Is The Salary Of LIC?
The salary of the LIC officers vary with posts as
LIC AAO officer – Basic Pay Rs. 32795 and some incentives plus increment Rs. 1610 for the first 14 years of service.
Who Is The Owner Of LIC?
The LIC corporation is owned by the Government of India.
Conclusion
In this article, I have given you the LIC term in detail with their full forms and different meanings in simple style. The LIC stands for the Life Insurance Corporation, which is the Insurance and Investment Corporation owned by the Indian Government. Above we have seen the salary of LIC officers, subsidiaries of the LIC, etc. I have also given you the answers to some frequently asked questions by people. May this article make your knowledge level sound regarding the LIC term and you never forget what you learn here. Now, you will become a master in the LIC full form.
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