This is a very good article. It gives a very good range of products by the insurance companies. a very nice comparitive study also. I have personally compared the varies products offered by LIC and private operators. LIC product range and offers are far too good compared to these private operators when we study in depth. Presentation of private companies is good but there are somany hidden overheads they purposefully don't reveal which will be known only after purchase. Service too is not as niche as they claim. LIC is better in these aspects
It seems there is a prejudiced view towards the childrens' plans offered by various private insurance companies. While you give out some details about LIC plans, it was imperative that a sound comparison should have been made between various schemes launched by private insurers. While LIC will be the most preferred organisation due to 50 years of monopolistic situation enjoyed by them due to Government policy, much better plans are offered by new entrants in Insurance industry. There are plans from Bajaj allianz where a family income benefit and start of life benefit are offered by the company in specific circumstances. They are not offered by any other company as on date.
In short, comments should not prefer any one company, rather it should cover other comparative details, so that readers can have a better choice and be more inquisitive about their plans.
It's an advertisement of LIC and a unique salepitch formed by them. It's meant to promote LIC products and degrade Private companies. These private companies are not the small entities, they have offices across the world and expertise in managing portfolios of millions of customers. I am not working in this Industry but I am a client of AIG in U.S.A. Customers, do consider the options offered by these private giants, quite possible they won't make you stand in stinking offices of LIC for hours..(no personal grunches, it's a personal experience)
