Why prefer LIC over other private companies?

Few points for people in India , why LIC is most preferred insurance company over others :

• Life Insurance Corporation (LIC) is a public sector life insurance company backed by Government of India
• It is the largest insurance company in India. Its estimated value is around Rs. 1560482 crores. 

• LIC has been declared as a Superbrand, the most respected universal seal for ensuring excellence in India and internationally after it's contribution in the financial sector since 1956 as a financial conglomerate providing services such as financial plans, pension plans, housing finance, mutual funds, credit cards, micro-insurance plans, etc.

• Highest claim settlement ratio at 97.7%
• Un-matchable  market share of around 55% in insurance industry
• 

• As per wiki page -http://en.wikipedia.org/wiki/Life_Insurance_Corporation_of_India , there are more than thirteen lakh agents of LIC in India far greater than any other company
• As of 2013 it had total life fund of Rs.1433103.14 crore , so there is no risk in investment.
• Voted India's Most Trusted brand in the BFSI category according to the Brand Trust Report for 4 continuous years - 2011-2014 according to the Brand Trust Report 
• All LIC features such as status check, premium payment can be done online , making it very customer friendly.

 To know more about LIC , please browse the website : www.licinsuranceindia.in

Insurance agent as a career option!

I am a LIC agent in Delhi .While many people want to do a stable job with set timings 9 am to 5 pm , there are a few among us who take the unconventional way. For them being their own boss gives more freedom than working in a regular job under someone. For them, daily adventures give more pleasure rather than a routine sedatory job. Among the few who dream this nontraditional way, most are not sure how to achieve what they are dreaming of. This post is dedicated to that section of our society.


Being an insurance agent for a reputed firm comes a long way in fulfilling their dreams. No regular job, No time boundation , No work pressure from boss , No retirement age - these are few characteristics of the life of an insurance agent . There is only one rule here - The more people you meet , the more successful you are . So it just boils down to expanding your network and meeting new people every single day. This itself can be a joyful thing for some rather  who chose this way of life.
Now lets listen to a gentle man who is also an insurance agent with Life insurance corporation of India :


At his age of 70, not many people will be as satisfied as Mr.Verma is. He considers getting insurance done for people as an act of service. He is very happy that through him , many families have benefited in their need of hour.
Also ,lets browse through this personal website: www.bharatparekh.com
This is one mean , who meets five people every day and reached great milestones in life. Nobody can even think of achieving such heights in a regular job.Sky is the limit here . For some others being an insurance agent can become as a secondary source of income apart from their regular job. Whatever may be the reason for you , this is one dimension of life you can definitely explore anytime in life.

Why Life Insurance is necessary?

If we list down our priorities among family , career friends etc. , I am very sure that most of us would rate family at the top priority. We work hard for them , we earn money for them , we take care of them , we often do our best in our capability to make them happy and comfortable . However , sometimes we ignore a very important thing in life - LIFE INSURANCE . Death is the ultimate truth of life. All of us are going to die one day but when and how nobody knows. Whether we want or not , we will have to leave our parents , spouse , children on their own. We cannot even ask for one day delay :)

 The least we can do for our family is to get our life insurance done. So that in case of our untimely demise , our family is at least financially secure. Many of us are often not from the finance industry and are normally not aware about insurance in detail. Its our duty to acquaint ourselves with the basics of insurance .To know more about insurance , check out this video :

So , to sum up why insurance is necessary , read on :


1. Single source of income : If you are the lone person in your family  who is earning, the financial dependency on you is huge. If you are no more, it becomes a major problem for your family. So, insurance in such cases comes as a aid to the family.

2. Pending Loan : Suppose you have taken a personal or home loan , in such a case if you die an untimely death , repaying such loan will be a burden for life for your family. Insurance will help in repayment of loan.

3.Investment option : Nowadays , Insurance policies come as an investment option as well in the form of endowment plans or money back plans. So it can be a good way to invest your money as well.

4. Tax benefits: Governments worldwide encourage people to get life insurance. So ,the premium against your insurance is free from taxes.

In India , there are different insurance  policies offered by different private and public sector entities like LIC , ICICI , HDFC , Bajaj Alliance , Apollo. By far LIC is the most trusted public sector company offering insurance and it holds the major chunk of market share.

To know more about policies offered by LIC , click here :www.licinsuranceindia.in