Portfolio
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gireesh@graspinvestments.in
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with an estimated asset value of 1,560,482 crore. It’s fully owned by the Government of India & is also the county’s largest investor.
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses (such as funeral expenses) can also be included in the benefits.
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Endowment Plans |
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Money Back Plans |
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Pure Protection Plans |
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Child Protection Plans |
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Retirement Solutions |
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Health Insurance Plans |
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Unit Plans |