Life Insurance of India is a boon for low income and middle income group! Do you agree with it or you don't ! The logic of pooling money from all and sharing it with persons whose certainty is affected is a very good social thought that was started sometime back in 1800. Before its origin was to compensate the loss of ship in ocean due to strom and destruction due to various reasons. It's good that it's extended to public by India in 1940's with a corpus fund of 5 crores that had grown to more than 2 lakh crores with LIC. Hence LIC can stand for any loss or natural disasters to compensate many lives which is certain. Though it's mainly for people with economic background for future risks many do not realise its value at earlier age and think this intangible assets as not being useful- specially younger aged people. However! My concern is that it to serve more people in India who really need the premiums calculated though small yet many cannot affo
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