INTRODUCTION
Hello friends, Welcome to the zone of javed pathan, an Advisor of Life Insurance Corporation of India. What is Insurance? an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. What is Life Insurance? insurance that pays out a sum of money either on the death of the insured person or after a set period. About LIC Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered inMumbai. It is the largest insurance company in India with an estimated asset value of 1560482 crore (US$250 billion). As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year. The company was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 i...