LIC of
India is the only public sector Life Insurance Company in India.
The company was established in September 1956 and is Head Quartered in Mumbai,
India which is under taking by Government of India. S K Roy is the Chairman of
Life Insurance Corporation of India. It is the largest life insurance company
in India with a huge presence in both rural and urban markets. It is the
top most leading and famous public sector life insurance company in India and
their official website is www.licindia.in.
with this website you can easily get your lic policy details. It
provides many different types of lic
policy to customer needs. More than 200 insurance companies are
established in India.
Main objective of is to spread this insurance products all
over India particularly in rural areas and economically background classes and
to provide financial insurance covers against death at low premium.
Life Insurance
Life insurance is a contract between an insurance policy holder
and an insurer, where the insurer promises to pay a designated beneficiary a
sum of money (the "benefits") upon the death of the insured person.
Depending on the contract, other events such as terminal illness or critical
illness may also trigger payment. The policy holder typically pays a premium, either
regularly or as a lump sum. Other expenses (such as funeral expenses) are also
sometimes included in the premium; however, in Australia the predominant form
simply specifies a lump sum to be paid on the policy holder's death.
The advantage for the policy owner is "peace of mind",
in knowing that the death of the insured person will not result in financial
hardship for loved ones.
Life policies are legal contracts and the terms of the contract
describe the limitations of the insured events. Specific exclusions are often
written into the contract to limit the liability of the insurer; common
examples are claims relating to suicide, fraud, war, riot and civil commotion.
Life-based contracts tend to fall into two major categories:
Protection policies – designed to provide
a benefit in the event of specified event,typically a lump sum payment. A
common form of this design is term insurance.
Investment policies – where the main
objective is to facilitate the growth of capital by regular or single premiums.
Common forms (in the US) are whole life, universal life and variable life
policies.
If you are interested in Life insurance policy from LIC Contact me
at 9029731431. or mail me at vermaseeta46@yahoo.com / shrikant.mauraya@gmail.com
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