LIC

What Is LIC?

LIC (Life Insurance Corporation of India) is a Government of India owned life insurance company. Founded in 1956, it is the largest life insurer in India and one of the largest in the world with a market share of around 70% and over 250 million policies.

LIC offers a wide range of life and health insurance products, including endowment policies, pension plans, and money-back policies, among others.

LIC

Why LIC?

  • LIC is Indias largest & oldest Insurance Company which sells more than 30 crore policies every year.
  • The approximate asset value of LIC of India is ₹ 31,11,847 Crore.
  • LIC has the world's best claim settlement ratio of 98.04 percent as of 31st March 2018.
  • LIC offers every type of product with both safety and security for all age groups.
  • LIC is one of the biggest contributors of funds for Infrastructure and nation-building like the construction of dams, bridges, and highways.
  • If listed on stock markets LIC would be India's most valued company beating giants like Reliance Industries & TCS.

Benefits Of LIC

The main benefit of LIC is its guaranteed returns. It also offers death benefits, disability benefits, and maturity benefits. Policyholders also have the option to choose flexible premium payment options and a wide range of riders to personalize their policy according to their own needs and preferences.

Industry leader

Most trusted

Easy claim procedure

Excellent Support

Maximum Returns

Tax Benefits

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