iii) LIC is one of the most popular insurance companies in India.(Rewrite your answer beginning with Very few....)
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Answer:
Life Insurance Corporation of India (LIC) is one of the oldest state-owned insurance Companies in India.
For the year 2017-18, the total individual death claims or claim settlement ratio of LIC was 98.04%.
During the year 2017-18, the total premium collected by LIC stood at Rs. 318223.21 crore.
During the year 2017-18, LIC a total linked premium of Rs. 889.75 crore.
During the year 2017-18, the total non-linked premium collected by LIC stood at Rs. 317333.46 crore.
For the year 2017-18, the total life insurance premium collected by Life Insurance Corporation of India stood at Rs. 318223.21 crore.
LIC offers 15% discount and various other benefits at leading restaurants all over India.
During the year 2017-18, LIC collected a total new business premium of Rs. 134671.70 crore.
ICICI Prudential Life Insurance
In today’s date, ICICI Prudential Life Insurance is undoubtedly one of the most extensively recognized insurance companies in India.
During the year 2017-18, the total individual death claims or claim settlement ratio of ICICI Prudential Life Insurance Company was 97.88%.
During the year 2017-18, the total premium collected by ICICI Prudential Life Insurance Company stood at Rs. 27068.77 crore.
ICICI Prudential collected the total linked premium of Rs. 20387.49 crore during the year 2017-18.
During the year 2017-18, the total non-linked premium collected by ICICI Prudential stood at Rs. 6681.28 crore.
ICICI Prudential Life Insurance Company collected the total life insurance premium of Rs. 27068.77 crore during the year 2017-18.
The company offers 15% discount and other benefits at leading restaurants all over India.
ICICI Prudential collected a total new business premium of Rs.9211.75 crore during the year 2017-18.