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Private Insurance and Lic of India which is a better option for Life insurance, invetsment and long term benefits?

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Lic of India Vs Private Insurance companies

Lic Of India is rated among the top life insurance company in India. There are more than a dozen insurance players in India. But most of them are posting loss year after year. They cannot see a breakeven point till 2015. Most prospective insurace buyers are not aware of the below facts and financial figures.

You should always buy Life Insurance Policy from Lic of India to plan a safe and secure future for your family. Lic of India is largest insurance company in the world with 23 crore customers and more than 1.1 million agents. Lic of India settles 2.21 claims per second with more than Rs. 6,74,514.78 Crs. worth of asset.

So when you buy insurance you should know the fact that whether insurance company has a capacity to settle claim quickly and in full amount unlike other insurance companies who do not have capital reserve to pay in full....

Also check 52 reasons why you should buy form LIC India

Most Insurance companies are making big time loss
exception : Lic India contact us now for new Lic policy
 
For the Year
( Fig in Crore)
From Inception till 2009
( Fig in crore)
Insurance companies
2007-08
2008-09
2007-2008
2008-2009
ICICI Prudential
-1395.06
-779.70
-2996.76
-3776.46
MAX NEW YORK Life
-156.93
-393.02
-609.74
-1002.76
BIRLA Sunlife
-445.28
-702.14
-889.87
-1592.01
ING Vyasa
-190.53
-194.50
-717.65
-912.15
AVIVA
-202.49
-495.05
-667.49
-1162.54
HDFC Standard
-243.51
-502.96
-688.35
-1191.31
TATA AIG
-339.30
-565.24
-644.61
-1209.85
RELIANCE / AMP Sanmar
-768.07
-1084.91
-1305.17
-2390.08
KOTAK Life
-71.87
14.34
-338.68
-324.34
BAJAJ Allianz
-213.89
-70.68
-489.90
-560.58
MET LIFE
21.25
14.52
-144.20
-129.68
SBI Life
34.38
-26.31
4.73
-21.58
SAHARA Life
3.34
-18.15
-12.63
-28.73
SHRIRAM Life
5.58
8.11
17.26
25.36
BHARTI AXA
-242.01
-417.48
-322.44
-324.75
FUTURE GENERALI
-30.05
-255.94
-33.62
-289.56
IDBI FORTIS
-25.53
-110.23
-25.53
-135.76
RELIGARE AEGON
0.00
4.08
0
-23.79
CANARA
0.00
-202.07
0
-230.87
DLF
0.00
-44.46
0
-44.46
SUDI
0.00
-18.58
0
-19.65
Total
-4259.97
-5840.37
-9864.65
-15345.55
LIC of INDIA
844.63
957.35
776904.94
841272.87
Source: IRDA Annual Report 2008-2009 page no.76-77

 

LIC Client list : Balaji Telefilms, Dabur India Limited, Federal Bank, HCL Technologies, i-flex Solutions, Infosys, Kingfisher Airlines, Larsen & Toubro Infotech, NDTV, Patni Computer Systems, Rediff.com, Shapoorji Pallonji Group, Tata Consultancy Services Limited, Wipro, Reliance Communications, Satyam Computer Services, STAR India Network, TVS Motors.

Contact Us

Life Insurance India: We are Life Insurance Corporation of India's authorised insurance agents. If you are looking for Lic Investment plan, Life Insurance, Lic Term policy, Lic endownment plan, Lic pension plan, Lic fixed deposit, Lic jeevan saral you can contact us and we will be more than happy to assit you in your financial planning

1) If you want to Buy New Insurance Policies than call 9820934872 (Mumbai)

2) Contact us on email: support@licindias.com

 

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