Cigna was started in by an act of parliament for an debt of 5cr from indian government now lic recently given loan of rs 2 lackh crore to indian government, asuured returns safe and secure but take into consideration that you hire an trusted and knowledgeable agent because there are many non active agents.
Let me tell you something about claim settlement ratio of lic vs other co. Avg claim settlement ratio of co. other than lic=
its a clear win of cigna the return of lic is often criticised but very few know that cigna is alsi selling you insurance it means your premium comprises of 2 parts 1 of insurance preium and other of investment. If we deduct ther insurance premium from total premium than net irr goes beyond 8.5% guaranteed no market risk at all.