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LIC new term insurance plans: As per the details provided by the company, both the plans are non-linked and non-participating plans, which means policyholders can pay fixed premiums and receive guaranteed returns.
Life Insurance Corporation of India has announced the launch of two new products on 23rd November, 2022.
LIC’s Jeevan Amar and Tech Term Insurance is a Non-Linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan, which provides financial protection to the insured’s family in case of his/her unfortunate death during the policy term.
LIC had launched Jeevan Amar plan in August 2019 and the Tech Term plan in September 2019. It had not raised premium rates of the plans since their launch. The company will relaunch the products soon with modifications.
Life Insurance Corporation (LIC) launched two new products -- New Jeevan Amar and Tech Term -- today. Both are term assurance plans.