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LIC Of India Insurance Plans
Overview Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of ₹2,529,390 crore (US$350 billion)(2016). As of 2013 it had total life fund of ₹1,433,103.14 crore and total number of policies sold coming in at ₹367.82 lakh that year (2012-13).The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.
Why LIC Life Insurance?
It understands India better.It has Great Investment strategy in the market. LIC has harnessed information technology the best. LIC’s products are innovative .
Why buy insurance on InsureMile online platform?
Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
Products
Aam Aadmi Bima Yojana Insurance Plans Special Plans Pension Plans Unit Plans Micro Insurance Plans Health Plans
Claims Settlement Ratio
The company holds Claim Settlement Ratio of 98.31 % for 2016/17. Claim Settlement Ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company.
Why Insuremile?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.
LIC Key Terms?
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