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When we think of insurance, the first thing which comes to our mind is LIC. Although LIC is a big player in the insurance industry, the industry is much more than that and there are many public and private players who are thriving in this industry. As they say, life is uncertain and there is a constant fear of losing it all in an instant, which is why insurance is considered to be one of the basic necessities of life. India is one of the biggest industries in the world when it comes to insurance. Know in detail about best insurance stocks in India

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The Indian banking industry which was dominated by public banks saw the rise of private banks post liberalization. The Indian banking industry today has become a behemoth is the driving force of the Indian economy. The Indian banking family is 12 public banks, 21 private sector banks, 44 foreign banks and 12 Small Finance banks long which is regulated by the apex bank of India- Reserve Bank of India (RBI).