Insurance companies are governed by IRDA and as long as the Indian Insurance companies meet the solvency norms as specified by IRDA, it is safe to invest.
This solvency rule is applicable to nationalized insurance company like LIC as well.
So, be relaxed and just hunt for a better insurance/investment plans.
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6 comments:
That's fine.. but what if the company is bankrupt. then who will give money to the investors.and suppose any other firm take the charge then what will be the change in the return.
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