Why buy life insurance from LIC ?

Government-backed LIC is India’s most trusted brand in the life insurance segment. The insurance giant conducts its business in a fair manner. Established in 1956, by amalgamation of more than 450 companies, it continues to maintain a huge market share after two decades of the opening of the life insurance market in the country. Its popularity in unmatched.

LIC provides a complete basket of plans. It introduces new plans and improves the existing ones, depending on the popular requirement. The plans offer benefits with very reasonable rates of premiums.

Easy claim procedure: LIC provides a simplified claim procedure and very timely settlement of claims.This is the reason perhaps why it provided the highest percentage of Claim Settlement Ratio across the industry more than 98%.

Unmatchable customer support: The customer service by LIC is highly appreciated. In difficult times, it announces concessions in interest payments, so that policy holders are able to revive their policies and continue the life cover.

Industry leader: You are assured of being associated with a leader which has a technologically advanced network to provide you the most advanced and efficient services.

An array of plans: Innovative plans are designed to ensure the maximum benefit of the policyholder and their family. LIC provides a complete basket of plans from Endowment plans to Money Back plans cover to its customers.

Performance: unmatched performance of plans. LIC declares the best bonus on all its with-profits plans each year. The bonus is determined on the sum assured, and not on the premium paid.

Unmatchable customer support: The customer support of LIC is one of the best in the industry. It has comprehensive grievance settlement procedure.

Simplified process: Simplified processes, especially the online customer services are configured to make life easier for the policyholders. You can get the complete detail of your policy sent on an SMS.

Most trusted: LIC fully owned by Govt. of India.It is won hundreds of recognitions and awards including the likes of Golden Peacock Award-2015, India’s Most Trusted Brand-2015 and Brand Icon Award among many others

For more details please visit www.licindia.com