LIC ACT CROSSWORD

1234567891011121314
Across
  1. 1. Market condition where only one insurer dominated the life insurance sector till 1999
  2. 3. A professional who assesses insurance risk using statistics
  3. 4. Habit encouraged by LIC through life insurance plans
  4. 7. Transfer of risk from insurer to another insurer
  5. 8. The person whose life is covered under the policy
  6. 9. A child-focused LIC plan designed to fund education and future needs
  7. 10. Periodic payments made for life or a fixed period
  8. 12. A person who buys insurance from LIC
  9. 14. Appointment of a person to receive policy benefits
Down
  1. 2. The process through which 245 private insurers were merged into one entity
  2. 5. Reform in 1999 that allowed private insurance companies to enter the market
  3. 6. A financial relationship required for a valid policy
  4. 11. Insurance regulator formed after liberalisation of the insurance sector
  5. 13. First word of LICs famous slogan meaning welfare