Hi Guys, am today going to provide you excellent detailed review about LIC life insurance and a real life insurance.
Customer Services of LIC is totally depends on their agents and no person can buy any policy of LIC without an agent. That means agents commission is confirmed and it will be deducted from your hard earn money.
So agent will always try to sell you the highest value policy which give them excellent commissions or fees. So be careful.
No one till now is not sure what is the claim settlement ratio as various sites gives confusing data. This is because LIC life insurance is not only insurance, its insurance plus investment which no one requires. But agents claim false commitments and brain wash the investors only for their commissions.
Premium ratio is very high of LIC life insurance in comparision with other life insurance like term plans. The reason is that all LIC policies are insurance plus investment.
So keep insurance saperate with investment. Invest in mutual funds and take term plan for life insurance. Which always will benefit you more than LIC policies.
LIC is full with range of plans which one and on the other hand is similar like insutance plus investment and premium being sky rocket high.
There is no staff attached, all what you meet are LIC agents as its mandatory by LIC that no policy can be purchase without agent code. So agent being must and customer liable to pay as high as 30% of their hard earn money as commissions to agent.