Question

state two function of lic​

Answer 1

Answer:

provides insurance

provides saving schemes

Answer 2

Functions of LIC

It collects the savings of the people through life policies and invests the fund in a variety of investments.

It invests the funds in profitable investments so as to get good return. Hence the policy holders get benefits in the form of lower rates of premium and increased bonus. In short, LIC is answerable to the policy holders

Hope it helps...