The full form of LIC is life insurance corporation. It is the only public sector insurance company in India among all twenty four companies. India had twenty four insurance companies only. And the rest twenty three are private sector companies.
The LIC gives better service to their customers in the beginning means when the customer are investing otherwise you have to go their office for the service daily for your work.
The Life insurance Corporation had very ess claim settlement ration something about sixty seven ( 67) percent only which is very poor.
The premium in LIC is very less they try to give a less premium but the only thing is they do not short term plan . They only having minimum ten years of premium that you have to pay otherwise you will be always in loss.
Some plans of LIC is very good and Some are very bad and the return is only four percent.
The staff of LIC is very humble and good but bot loyal.
