Best Insurance Company in India

[bharat]

In 1912, the Government passed two acts -the Life Insurance Companies Act, and the Provident Fund Act for regulating the insurance business. Previously, the Insurance sector had only two state insurers i.e. Life Insurance Corporation of India (LIC), and General Insurance Corporation of India (GIC). It was in December 2000, these subsidiaries were de-linked from parent company and were declared as independent insurance companies. Although there are several Private Companies offering Insurance services, LIC is the best amongst all. It is one of the oldest Insurance Companies in India as well as offers first-rated and highly beneficial services. LIC is extremely trustworthy and has severed the people for several years.

Which one according to you is the best Insurance Company in India?

 

[traveller]

With insurance sector thriving in India, there are several companies and Banks that are coming up with insurance policies. However, in my view, LIC is the best and the most reliable insurance company in India. It is one of the oldest and companies in India offering life insurance to people. Despite of many private companies that have come up with various insurance policies and are offering attractive scheme but I personally do not have full faith in these companies. It is always better to choose a company that has served the people for years with their services and LIC being one such which is still one of the top most companies in the Insurance sector.