LIC launches individual savings plan
February 22, 2021
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Life Insurance Corporation of India has introduced a new non-linked, non-participating, individual, savings plan which offers an attractive combination of protection and savings
The plan LIC’s Bima Jyoti provides guaranteed lumpsum payments at maturity and financial support to the family in case of the unfortunate death of the policyholder during the policy term.
It can be purchased offline through an agent or other intermediaries as well as online from the LIC website.
“Guaranteed additions at the rate of Rs 50 per thousand basic sum assured will be added to the policy at the end of each policy year,” LIC said in a statement on Monday.