A basic reason works behind the awareness and buying insurance is that one has the sense of responsibilities for his / her FAMILY. FUTURE, & FINANCE.
Insurance is the only investment that one makes only for the sake of family of his own. All other investments are made for one's own requirements or enjoyment. Like Gold, Property, Mutual fund, Equity, Land, Car, Holiday, Education or Business.etc.
None of the Above investments are made purely for the sake of family, even though family might be involved in some of them. But in case of one's demise the entire corpus of the insurance only; as the outcome of investment is accrued by the beneficiaries of the investor or the Policyholder.
LIFE INSURANCE CORPORATION OF INDIA is the one & only organization who gives the souvereign guarantee of Govt. of India. since 1956. The glimpses of LICI are as:-
