LIC UNBREAKABLE TRUST

LIC insurance is an unbreakable trust with the people of India. Private Insurance Companies is not coping up with the LIC organization and the rest of all Private 24 Insurance companies not even bag 1% or 2 %  share capital and amalgamation of 24 private companies share stood at 25% and eventually planning to shut down their companies within India. 

LIFE INSURANCE

• We are in the insurance sector and insurance advisor for life and health. LIC and STAR HEALTH It protects from financial loss, which is one form of risk management, primarily used to sidestep against the risk of uncertain loss. A person or entity that provides insurance is known as an insurance company, insurance, carrier, or underwriter. An entity or person who buys insurance is known as an insured or as a policyholder. The loss may or may not be financial, but it must be reducible to financial terms and usually involves something in which the insured has an insurable interest established by ownership or pre-existing relationship.

• Founding OrganisationThe Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider. Other insurance companies established in the pre-independence era included: Postal Life Insurance (PLI) was introduced on 1 February 1884Bharat Insurance Company (1896)United India (1906)National Indian (1906)National Insurance (1906)Co-operative Assurance (1906)Hindustan Co-operatives (1907)Indian MercantileGeneral AssuranceSwadeshi Life (later Bombay Life)Sahyadri Insurance (Merged into LIC, 1986).