Private Life Insurers for Larger audience

Term Insurance- the minimum quote shall be for Rs 50 lakhs

ULIP/ Child plans- minimum investment should be Rs 50,000

Guaranteed plans - minimum investment should be Rs 100,000.

The nation has much larger population who cannot afford to these plans and who cannot be ignored for sure. LIC is the only option to the mass and that's where LIC is also growing rapidly.  Private Insurers should address this large audience scope.


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