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Who is the first chairman of lic?

Updated: 9/18/2023
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12y ago

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H m patel was the first chairman of lic of India,estd;1956

born on aug 27,1904 died on nov 30,1993

he was an Indian civil servant

finance minister from 1977-1980

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What is difference between lic and bank?

A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers. LIC stands for Life Insurance Corporation of India. The main difference between a bank and LIC is the fact that LIC is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers (However, LIC does provide home loans)