Why People hesitate to take an LIC policy?

The Life Insurance Corporation of India (LIC) is known as the insurance behemoth in India. With over 60 years of its presence and having a wide customer base, of course, LIC is one of the most trusted brand in this sector. Renowned for its customer services, LIC offers wide range of insurance products. As it is apparent, LIC offers the best insurance policy as per your requirements and suitability. Every single plan is targeted to fulfill the protection, child welfare, savings and retirement needs of the family.

Even then many of us are reluctant to have an LIC policy. Let us find out some of the objections people raised, when asked to invest in Life Insurance Corporation of India’s Insurance Policy. Most of these are results of the new generation work-life styles and the unawareness of people on the benefits of Life Insurance policies.

Here are Top 10 most common reasons people say for NOT to invest in Life Insurance Corporation of India (LIC) offered policies.

Prima facie these arguments look relevant. But are these valid reasons to say NO to Life Insurance Corporation’s insurance plans? let us find out.

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