Life Insurance Corporation of India
The Life Insurance Corporation (LIC) of India founded in 1956 is the largest life insurance company in India owned solely by the Government of India. Headquartered in Mumbai, which is considered the financial capital of India, LIC presently has 7 Zonal Offices and 100 Divisional Offices situated all around the country. In addition to an even distribution of 2048 branches located in different towns and cities of India, LIC also has a network of around one million agents who solicit life insurance policies to the public.
Motor Insurance
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Basics of Car Insurance
Is motor insurance compulsory in India?
Under the provisions of Motor Vehicles Act all the vehicles, which are runnng in public places shall have at Car insurance policy at least to cover third party liability as specified under the Act.
Max New York Life Insurance has introduced the ‘Lifeline Healthy Family’ – a health insurance plan, the most comprehensive long-term insurance coverage for hospitalisation, surgeries and critical illness for the entire family under one single policy.
Home Insurance in India
The Home insurance sector in India is at a nascent stage as compared to other insurance sectors in the country. With the real estate boom at its prime in India, home finance has become an indispensable part of real estate functioning. Moreover, the housing finance companies (HFCs) are also playing an important role in the evolvement of the home insurance company in India.
