What is the role of life insurance companies in India?

life insurance companies in India
Asked Feb 25, 2015
The role of life insurance companies in India are great as they are helping the people for leading a happy and prosperous life by offering numerous plans like insurance plan, child plans, Retirement plans etc. . Financial security is a must for everybody in today’s uncertain world. The accumulated fund will help in a long way. Plans from BSLI like Protector Plus Plan, Easy Protect Plan and Protect Ease are some of the leading term policy available in India.
Answered Feb 25, 2015
Some of roles of life insurance companies in India:
Provide safety and security
Generates financial resources
Life insurance encourages savings
Promotes economic growth
Medical support
Spreading of risk
Answered Oct 22, 2019

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