Early Times Report
Jammu, Mar 16: Life Insurance Corporation (LIC) launched its new insurance product titled as Jeevan Lakshya Plan in a formal ceremony on the other day. T T Kabui, Zonal Manager LIC Of India North Zone while launching the new product said that this is a participating non-linked plan which offers a combination of protection and savings. "This plan provides for Annual Income benefit that will help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate demise of Policyholder any time before maturity and a lump sum amount payment at the time of maturity," he added. He said, "LIC's New Term Assurance Rider is also available which has to be opted at the inception of the policy on payment of additional premium." "The plan is available for ages 18 years to 50 years with option of choosing the policy term from 13 to 25 years, he said adding, "there is no limit for the maximum Basic Sum Assured." "The Policy will participate in Profits of the Corporation and Bonus will be paid as per the rules of the Corporation, he added. |
