An insurance policy compensates you against the financial impact that can arise following loss, damage or destruction of your property (such as home or vehicle) or your health or life.
A fundamental principle of insurance is to put you in the same financial position after a loss or accident that you enjoyed before the loss. This is relatively easy with repair or replacement of (say) a car, but is much more difficult with the loss of a life. The insurance policy is a contract and like any contract contains clauses and conditions. Claims are settled in accordance with the conditions detailed in the policy.
SHCIL distributes Life insurance policies of LIC and Non-Life insurance policies of NIA
The service is available at any of over 100 branches of SHCIL.
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