subject: Now Lic Offer Premium Payment Option At Oss Retail Outlets. [print this page] Sometimes I wonder why we need Insurance. Considering the recessionary period life is full of tension and uncertainty as individual need to insure his life along with the business he holds to secure the future.
You cant guarantee or predict untoward incident even if you are well organized and prepared for the worst however you need to safeguard yourself from business interruption or physical damage. I dont intend to project that life constantly revolve around death and uncertainty but we all need to secure our future as there are chances that major fatality or injury which may occur all of a sudden would not be bearable to us. People generally consider insurance not a necessity as they believe to lose a lot from it and gain very less.
Insurance is the backbone for any business enterprise as it takes away larger share of risk and uncertain losses in exchange for an affordable premium which is boon for the business. Insurance policy is a financial device which architect your saving habits while keeping in mind the monthly budget for the betterment of your future. Life Insurance is indispensable part of our life as it boosts our confidence and eases tension.
Every business entrepreneur suffers business losses and recovers huge distribution cost of its products from consumer including accidental expenses. In order to balance risk management insurance service provider offer business friendly insurance policies to entrepreneur which strengthen his business sustainability by avoiding transfer of risk to consumer. Insurance enhance the credit worthiness of an entrepreneur as he can easily avail credit for the insured inventory.
You must have heard about LIC which is the largest insurance company in India owned by government of India. As per industry sources OSS retails will soon tie up with LIC to provide customers safest option for renewal premium payment online.
by: Shripad Nadkarni
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