LIC v/s Private Insurance Companies

LIC is working in core Insurance business in india for last more than 60 years. LIC got brand name in India. But the private insurance co. where the experience of both domestic & global come into the pictures. In the sense if any foreign Insurance co. who want to enter Indian Market then it should be Hundred years old & the indian co which is tie-ups should be 20years old.

so compare to LIC private insurance co. has got tremendous experience of more than hundred years & following the same rules & regulation to  promot its sales in the market.

compare to LIC private Insurance co. are prompt in service. Now a days service has become an important aspects for insurance co.