Life Insurance Corporation of India is a statutory company which came into existence through an act of the Indian Parliament in 1956. The global headquarters of the company is in Mumbai, India with operations across countries like Fiji, U.K, Mauritius, Bahrain, Kuwait, Oman, Qatar, U.A.E., Saudi Arabia, Sri Lanka, Nepal and Kenya. Recently the company has opened a representative office in Singapore. Plans are underway to establish offices in Australia and New Zealand. The present asset base of the company is over US$200 billion and is the leading insurer in most of the countries where it operates. Some of the important financial highlights of LICI Global operations (year ended 2008) are tabulated below

Total number of customers	Over 250million
Number of new customers added in 2008	37.5 million
Number of claims settled during 2008	13.4 million
Total assets	Over US$210 billion