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Life Insurance Corporation of India ( LIC India )

The Life Insurance Corporation of India is one of the Insurance Company of India, it is an Indian State Owned Insurance Group and Investment Company whose headquarters is in Mumbai. LIC of India is the largest Insurance Company of India, with best claim settlement ratio in the world.

The Life Insurance Corporation of India was founded in 1956, when the Parliament of India passed the Life Insurance of India Act, which nationalised the private insurance industry in India. It is the only Life Insurance company which is run by the Government of India.

LIC India Life Insurance Policy

Life Insurance is essential for every one. A salaried person, businessmen or a minor, Life Insurance policy planned at younger age would help the proposer to save premium and get maximum advantage.LIC Life Insurance policy premium would be fixed according to entry age and till the end of paying term it would be the same.

There various stages in everyone’s life. These stages are indications for an individual to increase Insurance coverage, invest and save more money for the future.

  • The stages are :
  • The Starting-out years : (25-30 yrs)
  • Stage 2: The Setting-up years : (35-45 yrs)
  • Stage 3: The spending years : (45-55 yrs)
  • Stage 4: The Accumulation Years : (55-65 yrs )
  • Know you are in which stage. Planning is a must for Life Insurance not only because it your hard earned money, future would be secured.

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