The oldest, largest and the trusted insurance provider in India. It has got all sorts of insurance plan like term plan, endowment plan, money back plan, child plan, pension plan etc. The insurance products provided by LIC are very simple and consumer friendly, it caters all the groups of the society and anyone can buy its plans.
In my family we have most of our life insurance policies from LIC. Some of the plans which we have taken are Jeevan Anand, Money Back, Child Plan etc. I trust LIC a lot as it’s a public sector organisation and since my child hood I have seen my parents investing in LIC for any insurance plans.
Their market share is huge as compared to other insurance companies, service is also excellent. Now, upon maturity the amount gets credited to your bank account automatically as compared to the old days where we use to get cheques.