LIC of India (Life Insurance Corporation of India) is the largest life insurance group in India, with 100% stake of Government of India. Over its existence of around 57 years (up to 2013), Life Insurance Corporation of India, which commanded a monopoly of soliciting and selling life insurance in India, created huge surpluses, and contributed around 7% of India’s GDP in 2006.
[success]Further reading – Life Insurance V/S Other Savings
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Life insurance plans
- Single Premium Endowment Plan
- New Endowment Plan
- New Moneyback Plan
- New Moneyback Plan
- New Beema Bachat
- New Jeevan Anand
Plans Closed since Jan 2014
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