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Life Insurance - Why should I buy LIC policies?
21-Jan-2003
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You should buy LIC policies for long-term financial security for you and your family.

And why not LIC?

  • LIC has been in the insurance business since September 1956 and knows the business of insurance inside out.
  • Can any other company match the expertise of LIC? - Experience of about 44 years in the Indian insurance industry. The answer is NO.
  • Can any private insurer match the product range of LIC? The answer is NO.
  • Can any private insurer match the large countrywide network of LIC? - About 2048 interconnected branches and an agent network of about 6.51 lakh. The answer is definitely a big NO.
  • Can any private insurer match the service standards of LIC? The answer is NO.

LIC offers service that is par excellence. It offers Online policy status, Online Premium Payments from any corner of the country, Grievance redressal, an IVRS system that allows you to check your policy status, downloadable forms among others.

LIC knows the Indian mind set, the policies that are suited to the Indian customer's lifestyle, the various stages of life when one needs money the most - for e.g children's education, their higher studies, sending your daughter/son abroad for higher studies, marriage etc.

So why should you have any confusion now? Still uncertain?

Haven't your forefathers reaped the benefits of LIC policies? Besides almost everybody - your neighbours, relatives and all others in the know will tell you that they have brought some policy or the other from LIC and received good bonuses and guaranteed additions.

So why think twice about buying insurance from LIC.

Keep in mind - LIC policies are backed by government guarantee - the most important factor and your money is highly secure now and always. So don't think twice. Trust only LIC.

Source : DWT back