LIC is the oldest and biggest insurance provider in India. It is one of the biggest insurance company in the world with over 250 million customers. It has been in operation for more than half a century. LIC foresees every customer’s individual insurance requirements and provides plans that will suit them best. By buying an insurance cover from LIC, customers get the benefit of savings and protection along with financial assistance for the entire life. Here are the benefits of buying an insurance policy from LIC.
LIC is not just the oldest insurance provider; it is one of the pioneer insurance providers that uses advanced technology to provide customers the most cutting-edge and proficient services.
A huge selection of plans
LIC offers a huge selection of innovative and most suitable plans. These plans are intended to ensure that the policyholder and his family members enjoy maximum benefit. There are plans that range from a simple term policy to Endowment and Money Back policies.
Simple and hassle-free claim process
One of the most important features and kind of the USP for LIC life insurance policies is that the claim process is pretty simple and straightforward. It is quick and easy. LIC has the highest Claim Settlement Ratio percentage. It provides the best customer support. LIC has delivered 100% grievances settlement on record for the financial year 2018-19.
LIC has the easiest, transparent and simple insurance policy buying processes as customers can now buy LIC life insurance policy with the click of their mouse online from the comfort of their home or office. Customer can get all policy related details through SMS.
The trusted brand
LIC is backed up by the government of India and it is definitely the trusted insurance provider. LIC has received numerous awards and recognitions over the past half a century.