St.Milagres cooperative is a corporate agent of LIC of India and we can get
a customer’s life insurance policy done through all our branches. Our Branches
have been provide with sub agent code which facilitates easy login and quick
processing of paper work for customers.
The Life Insurance Corporation of India was founded in 1956
when the Parliament of India passed the Life Insurance of India Act that
nationalised the private insurance industry in India. Over 245 insurance
companies and provident societies were merged to create the state owned Life
Insurance basically means the protecting yourself from financial loss. It is a type of risk management which is mainly used to
evade against the possibility of a contingent, uncertain loss. In this the insured (entity who buys insurance) transmits the rate of potential
loss to another entity in swap for financial compensation which is known as the “premium”. Insurance is important because it allows the businesses,
persons and entities to care for themselves against considerable financial hardship and potential losses at a reasonably nominal price.