People in India are slowly realizing the importance of Insurance in day to day life. It is the best form of risk management which helps in remitting the damages incurred during any mishap. There are various policies offer by the LIC and other private companies such as ICICI, HDFC, SBI, and Max New york life insurance. It is important for people to first understand the terms and conditions before investing into any of such policies as some of them are tricky and misleading.
India is developing country and people are going to educate day by day, so the insurance demand is increasing every year. While taking any insurance policy always read all the terms and policies of policy.