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Tuesday, March 3, 2015

LIC unveils two new plans

Life Insurance Corporation (LIC) launched two new plans- Jeevan Sangam a savings cum protection single premium plan and a new children’s money back plan.

LIC’s Jeevan Sangam is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium. The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) will depend on the chosen amount of Maturity Sum Assured and age of the life assured. The plan will be open for sale for a maximum period of 90 days from the date of launch.

LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for risk cover on the life of child during the policy term and also for Periodic payments on surviving to the end of specified durations.

Source : Thehindubusinessline


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