1956:The LIC Act was passed, leading to the establishment of theLife Insurance Corporation of India (LIC), the first major step towards the nationalization of the life insurance industry in India. 1971:General Insurance Corporation of Indiaor GIC was, incorporated nationalizing the non-life insura...
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Purchasing a Mediclaim policy via Coverfox offers tax benefits under Section 80D of the Income Tax Act. Policyholders can claim deductions of up to ₹25,000 for individuals and up to ₹50,000 for senior citizens. Coverfox’s seamless platform ensures easy policy purchase, helping users maxim...