#lic #LIC Of India #lic policy services #lic சூப்பர் பிளான் #lic
All LIC policies come with Triple-Layer Protection:
1️⃣ LIC policies carry a sovereign guarantee of the Central Government of India under the LIC Act, 1956 (Section 37).
2️⃣ LIC maintains a strong solvency margin as prescribed by IRDAI, ensuring policyholder security.
3️⃣ High-value risks are reinsured with GIC Re and other approved reinsurers as per reinsurance norms.
4️⃣ Maturity and death benefits are tax-free under Section 10(10D) of the Income Tax Act, subject to applicable conditions.
