Edilsystem Bau GmbH

As a leading life insurance company in India, LIC India has been helping people realize their dreams for more than 60 years. With an extensive network of over 1.25 lakh agents and more than 2000 branches spread across India, LIC India offers a wide range of life insurance products to meet the needs of its customers. From term plans to endowment plans, LIC India has a product to suit every need. Its unique features like guaranteed returns on investments, tax benefits, and high-security savings make LIC India a preferred option for life insurance. Whether you want to secure your family’s future, save for your children’s education, or plan for your retirement, LIC India has a plan for you. With LIC India, you can trust that your dreams will come true.

FAQs for Life Insurance Corporation of India (LIC)

What is LIC?

Life Insurance Corporation of India (LIC) is a Government-owned life insurance company that was established in 1956. It is the largest life insurer in India and offers a wide variety of insurance products.

What are the different types of insurance products offered by LIC?

LIC offers a range of insurance products such as term insurance, endowment plans, money back policies, whole life plans, child plans and pension plans.

What is the duration of LIC policies?

The duration of LIC policies varies from policy to policy. Most policies have a minimum duration of five years and a maximum duration of 30 years.

How can I buy a LIC policy?

You can buy a LIC policy by visiting any LIC branch or by visiting the LIC website. You can also contact a LIC agent or advisor who can assist you in selecting the right policy for your requirements.

What documents do I need to buy a LIC policy?

You will need to submit copies of your identity and address proof, income proof and photograph for buying a LIC policy.

What is the claim settlement ratio of LIC?

LIC has a high claim settlement ratio of 98.33%. This means that out of every 100 claims, 98 claims are settled by LIC.”

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