Moody's Investors Service has withdrawn the Baa3 insurance financial strength rating of Life Insurance Corporation of India. Moody's has withdrawn the rating for its own business reasons.

Headquartered in Mumbai, Life Insurance Corporation of India is wholly owned by the government of India and is the largest life insurance company in the country. The insurer reported total assets of Rs 18.5 trillion and shareholders' equity of Rs 5.4 billion at the end of June 2014.