There is a landmark heading for the Indian capital markets. Life Insurance Corp of India, known locally as LIC, is one of those Indian state-owned companies whose numbers are hard to fathom. It has 280 million policies in force from 250 million policyholders, a constituency that, were it a sovereign state, would rank as the fifth most populous country in the world.
LIC has more agents than there are people in Birmingham or Amsterdam: 1.35
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