When privatization of the Insurance sector started in 2000, numerous experts were predicting the measured deteriorating and ultimate termination of Life Insurance Corporation of India (LIC). The state owned life insurance monopoly was professed to be slow, unproductive and behind the curve. But the circumstances have turned out drastically different.
So what then is LIC’s worth? With 2 core policy holders, assts of Rs 11 lakh corers and 71 % market share in a growth market, LIC’s embedded value has been estimated to be at Rs 2.5 lakh crores, give or take a few thousand crores. Embedded value is essentially the present value of profits from the future, and adjusted net asset value. The recent capping on ULIP charges that IRDA has mandated will help LIC in sales as they have a huge bouquet of traditional products.
Welcome to Life Insurance Chandigarh
Life Insurance is a lot more than just an investment to save taxes. From providing financial security for your family to protection cover when life springs up unpleasant surprises, insurance provides it all. It even takes care of the educational needs of your loved ones. Unlike other investment avenues, Insurance give you the much needed all round protection throughout life.Useful LIC Plans:
LIC Life Insurance Plans
- Children LIC Policies & Plans
- LIC Policies & Plans for Handicapped Dependents
- LIC Pension Policies & Plans
- LIC Policies & Plans for High Worth Individuals
- LIC Whole Life Policies & Plans
- LIC Money Back Plans & Policies
- LIC Term Assurance Plans & Policies
- LIC Endowment Assurance Plans & Policies
- LIC Joint Life Plans & Policies
- LIC Unit Plans & Policies
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