There is no need to introduce LIC. It is the best and the oldest life insurance company of India. Recently though there are lots of new Life Insurance Companies have joined in the market to compete with it, it is still at the top. Customer Service is great. Since it is the oldest Life Insurance Company, people belief in it. By paying just Rs-200/- only, you can start a Premium here. Because of that it is able to touch everybody starting from below poverty level people to the rich. In the recent days many new life insurance companies have entered this field, the road ahead could be difficult for the LIC Staff. The Staff of LIC need to regroup and make effort to maintain its position at the top. I have made some policies for me, all are going smoothly without any difficulty. You can get loan from your policy within 7 days of time.