Articles

Why not?

Firstly lets know more about LIC.

• The Life Insurance Corporation (LIC) was established way back in September 1956 - it possesses a solid experience of around 44 years in insurance.
• It has seven zones, 100 divisions, 2048 branches an agent network of about 6.51 lakh and even today continues to recruit more.
• It has connected its offices spread across the country with LAN, WAN which will allow you as a policyholder, to pay your premium online from even the farthermost corner of the country.
• The Wide Area Network implemented in 89 cities will allow you to have access to your policy data in any of the other cities. Also this will enable you as a policyholder to pay your premiums and get policy status from any of the enlisted cities.
• LIC has offered good bonuses over the years and will continue to do so.
• LIC has a product range that cannot be matched by any private insurer.
• LIC has several overseas offices that has been adding to its income. Recently its Nepal issue was oversubscribed by about 16 times and with this success the corporation plans to go global by entering other countries like Sri Lanka, USA and UK through joint ventures. It is, in other words, targeting the two crore non-resident Indians who have settled around the world.
• LIC has invested its money in investment avenues that other than being safe also provide high returns - the benefit of which will be passed on to you, the policyholder.

So isn't investing in LIC a wise decision?