Life Insurance Corporation of India tops the list of insurance companies in India. The company is promoted by Central Govt. and boasts a very strong market share in the industry. LIC has a very strong network spread across India. The company covers rural and intrinsic parts of India much better than any other competitors. It offers a wide range of products including life insurance, pension plans, unit linked plans, money-back plans and medical plans too. Today, almost every individual is aware of the importance of insurance in life and buys one or other types of insurance products in his/her life. Some even prefer to invest in multiple insurance options.