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LIC (Life Insurance): Offers diverse life insurance, pension, and investment plans for financial security and wealth creation.
Non-Life Insurance: Protects assets, health, and liabilities, covering risks like motor, home, travel, and health incidents.
Crop Insurance: Safeguards farmers from crop losses due to natural calamities and adverse weather, ensuring financial stability.
LIC (Life Insurance): As India's largest and oldest life insurer, LIC offers a wide array of plans including term, endowment, money-back, ULIPs, and pension schemes. Known for its high claim settlement ratio and government backing, it provides financial security and wealth creation opportunities, reaching millions across urban and rural India.
Non-Life Insurance: This sector encompasses diverse protection for assets, health, and liabilities. Key offerings include motor, health, home, and travel insurance. These policies provide financial relief against unforeseen events like accidents, illnesses, property damage, and travel disruptions, typically for shorter policy terms.
Crop Insurance: Primarily driven by schemes like Pradhan Mantri Fasal Bima Yojana (PMFBY), it protects farmers from crop losses due to natural calamities, pests, and diseases. With low farmer premiums subsidized by the government, it ensures financial stability and encourages investment in agriculture, using technology for quicker claim settlements.
