Insurance: Definition, How It Works, and Main Types of Policies
Insurance is a way of protecting yourself and your loved ones from financial losses due to unforeseen events. There are many types of insurance available in India, such as life insurance, health insurance, general insurance, etc. Each type of insurance has its own benefits and features, and choosing the right one can be a daunting task. To help you with your decision, we have compiled a list of the top 10 insurance companies in India based on various criteria such as claim settlement ratio, assets under management, customer base, product portfolio, awards and recognition, etc. These companies are: ## 1. Life Insurance Corporation of India (LIC) OFFICIAL WEBSITE ➡ Life Insurance Corporation of India - Insurance Plans (licindia.in) LIC is the oldest and largest public sector life insurance company in India, established in 1956. It has a huge customer base of over 29 crore policyholders and a network of over 2000 branch offices across the country. LIC offers a wide range of life insuranc