RITA SINGH : FINANCIAL ADVISOR: (LIC OF INDIA)

  LIC vs private insurers: How LIC fares in premiums, expenses from its peers? While LIC premiums are higher, it also has a higher commission ratio as mainly sells through an army of agents. Private players rely on bancassurance and online channels to keep costs low. LIC, which has nearly two thirds of market shares, fairs well in agent productivity and in cost to premium ratio. the insurance has the highest commission- to- premium ratio of 5.5% against the median of 4.4 of the top five private players.

                                            LIC Vs. Mutual Funds Life insurance and mutual funds are two very different products that are often compared when a person plans to invest their money. Following are some major differences between LIC and Mutual funds that will help you understand both much better. Features Life Insurance Mutual Funds Meaning Life insurance is a pure protection plan that will secure your family financially in case of your untimely demise Mutual Funds are a type of financial instrument created by a pool of investments from different institutions and individuals Purpose The main purpose of a typical life insurance policy is to safeguard the financial future of the family of the policyholder in case of his/her untimely demise The main purpose of mutual funds is to generate returns on your investments to meet your lo...

  Is Life Insurance Policy better than other savings schemes?  Life insurance is a contract that assures payment of an amount to the person assured (or his nominee) on the happening of the event insured against. Life insurance also eliminates 'risk', substitutes certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner. However, despite the benefits provided by a life insurance policy to the family or nominee of the policyholder, some may think that a life insurance policy is not an effective savings instrument. Against this backdrop, Life Insurance of India (LIC), India’s largest life insurance company, has come out with top five reasons explaining why a life insurance policy is better than other savings instruments. Here are the details. Protection Savings through life insurance guarantee full protection against risk of death of the saver. Also, in case of demise, life insurance assures payment of the entire amou...