Insurance in India

Insurance is your friend in need. Do not think it as a burden of paying premium. Insurance is your risk reducer. It is future planning to reduce risk of unpredictable future. At this time Insurance field in India is a very growing and hot field. Private companies have been allowed just few years back to work in insurance field . Till now Life Insurance Corporation of India is a leading insurer in Life Insurance in India. LIC have a total investment of Rs. 4,65,100 crore. It has invested Rs. 2,39,598 crore in government securities and Rs. 59,625 crore in infrastructure projects. More than Rs. 46,000 crore has been invested in equities. The latest policy announced by LIC is Bhima Gold 2.
On the whole LIC is the leading insurer in Life Insurance. Private companies are also having aggressive plans and strategies and they are trying to give competition to the leader and establishing themselves as there in huge market to be tapped in insurance field in India .

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