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LIC is Govt or Private Insurance Organization ?

Hi to all,

Yesterday one agent met me from LIC to sell Jeevan Saral & Anand combo pack, but I didn’t buy. He was saying that LIC is Govt insurance Organization and if I buy any insurance product from private players, I will lose money. I don’t believe him because he showed me one table regarding Jeevan Saral. But its different in LIC website.

My query is what are the govt insurance companies in India? What about LIC ?

Thanks,
Sekhar

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