It is a holiday today and there was no one in the building when the fire erupted and engulfed the two floors on the top.
Ten fire engines were rushed immediately. According to the guard of an adjacent building, Jeevan Deep, LIC Building's water sources could not be accessed. So Jeevan Deep gave fire brigade access to its tanks.
The LIC Building stands between the Tata group's corporate office called Tata Centre and Jeevan Deep.
The 17th floor of LIC Building housed the server room of State Bank of India's (SBI) global market office. The chief general manager (Kolkata circle) of SBI, PP Sengupta, said there was no news of anyone getting stuck on the floor. SBI occupies 11th to 19th floor of the 19 storey building.
LIC's branch offices occupy most of the other floors, along with other financial organisations.
The reason for the fire is still not known but electrical short circuit is suspected.
(With inputs from PTI)