The Life Insurance Corporation of India represents a turning point on the road to moderating and modernizing India's insurance sector. It is crucial for safeguarding the security of the populace, modernizing the nation, and fostering inclusive growth in India. The role that LIC plays in a nation's inclusive growth is discussed in this essay. This essay focuses on how LIC affects GDP, women's empowerment, the development of infrastructure, and employment creation. As per Annual Report 2020-21 of LIC 21.45% of the 2797.13 lakh lives that LIC covers are in rural regions. There are 1462795 positions available, with 1353808 agents (on roll) and 108987 direct employees, including 25192 female employees. It advanced 26322.90 crores of rupees in loans for various development projects during the 2020–21 fiscal year. The use of secondary data spanned the years 1960–1961–2020–2021. Two hypothese have been created and tested using statistical techniques in SPSS, such as trend analysis and correlation. The result shows how GDP significantly affects the prevalence of life insurance. The increase of GDP is significantly impacted by LIC's employment growth.

Keywords: LIC, Employment Generation, Inclusive Development.