Life Insurance Corporation was established in 1956 under the LIC Act and is still India’s most trusted brand and largest investor. LIC is governed and owned by the Government of India and therefore has the funds to settle claims irrespective of the amount.
At Nalawade Insurance Consultancy we decided to work exclusively with LIC and here is why -
- LIC is the market leader (71% market share) with an active customer base of over 33 crores.
- LIC’s estimated Asset value is more than INR 25 lakh crores and Life Fund more than INR 24 Lakh crores.
- Only LIC policies are guaranteed by Government of India.
- In our four decades of experience in this sector, we have realized that LIC‘s claim settlement ratio is higher than other brands and this is to our clients advantage. In fact LIC holds the world record in settlement of Claims
- Over the years, LIC has sailed through the market uncertainties and has continually reinvented its products to meet the customers’ ever changing needs and preferences.
- Although lot of brands offer policies with premiums cheaper than LIC, customers face problems during claim settlements due to clauses which are not clearly articulated and sometimes misleading. We strongly believe LIC is value for money and best investment for safe and timely returns.
- We believe in LIC because unlike some other known brands, LIC distributes the profits among the policy holders. We know our clients are protected and we are giving them the best insurance options because LIC does not discriminate when it comes to death and irrespective of causes the claim is honored.
- LIC offers an unbeatable range and combination of products designed to meet customers’ financial goals and offer excellent returns.
- LIC has received more than 32 awards notable being Reader’s Digest Trusted Brand, Skoch Renaissance Award, Outlook Money Award, MACCIIBN Lokmat Award, Asian Sustainability Leadership Award to name a few. LIC was also voted No.1 Most Trusted Insurance Brand in ET Brand Equity Neilsen Survey.
- LIC was established with a mission and vision to improve the quality of people’s life through financial security. At Nalawade Insurance Consultancy, we are committed to this vision and mission and therefore we have opted to work for LIC.
We are convinced that Life Insurance Corporation of India is the best choice for our customers and we will always advise them to start investing in LIC immediately. Our customers are like our family and we know they are in safe hands with LIC.
