Claims Settlement Record of Private Insurance Companies 3816762268780510832-blid-1669099720027191120

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Claims payment record of Indian Insurance companies   As we know, there are 20 odd private life insurance companies in India, and there is LIC which is a public sector company. LIC is the 800 pound gorilla, managing to hold on to about 75% market share even 10 years after private companies have been allowed into the life insurance space. The private life companies position themselves on being more customer friendly, wider array of products etc while LIC holds on to its positioning of trust, experience and government backing.