LIC is most trusted Insurance Company in India, But Why? LIC is serving in India from 1956 and from the inception to till now it is most trusted brand in India. It helps people to improve their financial security. Main objective behind the establishment of LIC was to spread life insurance more widely all over India especially in rural areas, with a motive to reach all insurable persons of the country, where they can provide adequate financial support at reasonable rates. In the year 1956 LIC operated with approximately 250 offices which included zonal, divisional and branch offices. Today it functions with approx. 3200 fully computerized branch, divisional and zonal offices. Because of re-organization done in the early years of establishment LIC’s fund size has increased from 200 crores to 5 Lakh crores.
LIC is the only institution where policyholders are chased till the time they are handed over with their claim cheques. It is the only corporation that caters more than 190 million of satisfied policyholders all over India and even abroad. It is one of those few institutions that pay off the ex-gratia interest on those maturity claims that are pending.Why Buy only LIC policy
LIC is a leader in the insurance business in India. It has a huge network across India. It will help you to be served across India. And it has one of the best customer support in India. So you will get served better.
Diversified LIC Plans: Lic has a huge range of Plans to cater to all your needs. It includes from money back to the endowment, Term insurance and market-linked plan. Also, LIC have special plans for children as well as to they are serving to make your retirement comfortable by providing a retirement plan.
Simplified claim settlement: LIC have highest claim settlement ratio and they settled highest number of claims in India. It is possible because of easy claim settlement procedure in LIC.