by paul101239 » Mon Oct 04, 2010 05:27 am
I want to take a term/life insurance in a pvt insurance company like ICICI. My doubt is ...will these insurance companies will be on going concern for the next 20 years? What is the guarantee for my amount? Otherwise, is it better to take a policy in LIC or SBI?
Posted: Mon Oct 04, 2010 07:25 am Post Subject:
Again, you keep posting everything in the AUTO forum. The life forum has threads that answer this question.
Nothing can guarantee that an insurance company will be around to pay your claim. But the number of insurance company failures in most years, nationwide, is a relative hand full compared to the 1300-1500 that exist.
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