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Life insurance is a product which gives an amount to your nominees if something happens to the person who is insured. Insurance in India started in year 1956 when government of India passed an ordinance and Life Insurance Corporation came into existence and many life insurance policies in India have been launched.

The LIC was the major player till late 1990's and after that government of India opened the Insurance sector for private companies. Now India has 23 Life insurance companies and has set of different products for the customers.

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