Modules for Personal Finance
Translate the power of knowledge into action. Open Free* Demat Account
What is LIC?
00:56 Mins Read
Insurance coming to India by LIC and birth of other insurance companies.
What is LIC? The advertising lines and promises of Life Insurance Corporation of India have been around for decades. There is no way any Indian doesn't know about that LIC exists. LIC was formed after merging of over a hundered insurance companies after independence. This move was made to nationalise the Insurance industry. LIC offers multiple insurance plans to cater to all the investments and insurance needs of policyholders. But today there are many other insurance companies other than LIC. Why is that we today have LIC and some other insurance companies as well? Don't worry we are here to help you. Read about importance and journey of LIC on Smart Money by Angel Broking.