Question

state two function of LIC​

Answer 1

Answer:

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Its main function is to gather money from the people and invest it into the different securities and financial markets in India and abroad. As a rule, LIC is required to invest at least 75% of the funds in Central and State Government securities. Thus LIC is the largest investment institution in India as on date.

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Answer 2

Answer:

Two functions of LIC :

1. It collects the savings of the people through life policies and invests the fund in a variety of investments.
2. It invests the funds in profitable investments so as to get good return. ...