LIC's Investments: A Fatal Hypocrisy
Created on 15 Jun 2023
Wraps up in 12 Min
Read by 104 people
Updated on 10 Aug 2023
Life is like a wild roller coaster ride with lots of unexpected turns. However, do not be alarmed as there is an exceptional safety net that protects our loved ones from all the unforeseen setbacks along the path. Enter the world of life insurance, a significant area where ambitions are safeguarded, and futures are protected from unforeseen occurrences.
Do you know that the sales of life insurance contracts have increased by a staggering 3.51%, reaching all-time highs? Incredibly, 2,91,55,178 insurance units were sold in the fiscal year 2021–2022 as opposed to 2,81,67,513 the year before. It is the evidence of how many people are realising the value of life insurance in securing their loved ones future. The growing trend indicates that more people are becoming aware of the advantages and safety that life insurance provides.
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