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Regular bonus of 2.5% (net of tax in the hands of the policyholders) on core products

LICs Jeevan Dhara policy caters to early retirement goals with financial security, flexible options, and tax benefits

By Surajeet Das Gupta Mumbai: Chairperson, Siddhartha Mohanty, Life Insurance Corporation of India launched a new plan, LIC’s Jeevan Dhara II which will be available for sale from 22.01.2024. LIC’s Jeevan Dhara-II is an Individual, Savings, Deferred Annuity Plan. The Unique Identification Number (UIN) for LIC’s Jeevan Dhara-II is UIN: 512N364V01 Minimum Age at Entry

LIC’s Cancer Cover: When can the policy be cancelled

Insurance behemoth Life Insurance Corporation of India (LIC) has launched many attractive insurance products in the year 2023. Here is a list of LIC products that were launched this year.

Excellent product for prospects desiring high Life Cover at reasonable cost. The plan is available for young people starting age of 18 and till the age of 65.

Jeevan Kiran plan provides financial help to the family in the event of the life-assureds untimely death during the policy term and refunds the total premiums paid in the event of survival to adulthood.

SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs. 21,512 crores for the period ended on 31st December, 2022 vis-a-vis Rs. 18,791 crores for the period ended December 31, 2021. Regular premium has increased by 22% over the corresponding period ended on 31st December, 2021.

This is a non-participating, Unit Linked, Individual Pension Plan which helps to build a corpus of systematic and disciplined savings which can be converted into regular income by the purchase of an annuity plan on completion of the term.

On March 18, MAPFRE MSV Life plc approved the bonus rates for With-Profits policies for the year ended December 31. A regular bonus rate of two per cent was de