October 28, 2012 10:35 pm
All life insurance companies comes under IRDA…. than why many Indian people trust LIC more than any other private companies ???
Dear Ram, you may understand this question on the basis of either ignorance or the sheer comfort factor of the general public in a herd.
I’m not at all comfortable with LIC any more. 🙂
yes, ur right,The reason is quite simple , our ancestors had laid such a foundation such that if any one talks about insurance only LIC comes to their mind…(forget about the returns one get out of it)
There r number of reasons like the strong foundation it has laid over the years, agents base,and its reach…
One funny example i can say is,why only Tirupathi has so much rush why not other sacred places,its all in our belief and mind set ……
Only LIC Branches have long “Q” for premium payment …..hard fact to accept!!! Long live LIC
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