Government The Company was promoted by erstwhile Gujarat Electricity Board (GEB) as it's wholly owned subsidiary in the context of liberalization and as a part of efforts towards restructuring of the Power Sector. read more
LIC is a corporation started by central government in 1956.All the profit (Surplusin insurance terminology)of which 95%is distributed among the policyholders and 5% of the surplus is given to central government as their share every year.LIC moneys are guaranteed by the Government of India. read more