Life insurance industry was initially a monopoly in India with all the private companies taken over by the Life Insurance Corporation in the 1956. Later with an amendment in the insurance act of 1938, government has opened doors to the private players with a change in the IRDA act of 2000 that gave way to the largest growing financial sector in India. Many joint venture companies with a direct foreign investment up to 49% have entered the market with new products red sole shoes like ULIPS that gave scope to both life coverage as well as investment options. Though many companies like Reliance, SBI, Metlife, Bajaj, Hdfc, ICICI prudential etc fought for the market it is the state owned Life Insurance Corporation that holds the major share in red bottom shoes the insurance industry. Life insurance indeed provides security to a person's family in case of any mishap to the policy holder and helps them come out of high heels laufen their financial crisis as per the heels with red bottoms policy benefits offered. However there are many types of insurance policies offered under life insurance like pension plan, term life insurance, child plan, money back plan, ULIP, hospitalisation and so on offering benefits during the life time. As there are many companies offering life insurance policies it is important that one finds a plan suitable for their requirements which incurs less premium and maximum benefits offered. One also needs to check out the commissions, documentation shoe sale costs and any hidden charges before availing a policy. To Get More Knowledge on HDFC Car Loan EMI Calculator and ICICI Home Loan