what is the difference between commercial insurance and cooporative insurance? is LIC a cooporative Ins. co.?

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what is the difference between commercial insurance and cooporative insurance? is LIC a cooporative Ins. co.?

2007-01-24 20:53:33 · 2 answers · asked by sjad505 1 in Business & Finance ➔ Insurance

2 answers

there is nothing defference between comercial & cooperative.com for an ex:- ICICI - industrial credit investment corporation of india.., LIC :- life insurence corporation...... but here defference is icici is private and LIC is govt. but once upon a time even though ICICI is to been established by govt only...... and finaly commercial insurance is belongs to private and cooperative is belongs to GOVT...

2007-01-25 03:19:23 · answer #1 · answered by DUTT CHAITU 2 · 0⤊ 0⤋

Cooperative insurance is nothing but group insurance. LIC is not a cooperative company.

2007-01-26 13:42:05 · answer #2 · answered by cvrk3 4 · 0⤊ 0⤋