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| LIC launches two new pension policies | | |  EARLY TIMES REPORT
delhi, Jan 5 : The Life Insurance Cooperation (LIC) launched its two new pension policies- New Jeewan Nidhi and Flexi Plus here on Thursday. A.P. Singh Zonal Manager LIC in a Press conference said that New Jeewan Nidhi provides the facility of insurance coverage of full amount while the insured person keeps depositing premiums.
This policy will be available with minimum insurance amount of Rs one lakh and within the age group of 20 and 60 years of age.
The premium that has to paid annually will be of Rs 15,000, the installment can be divided in to three equal parts of Rs 4,121 (no service tax included) by the investor. Investor will get return of Rs 2,33,500 from the LIC.
He further said that the Flexi policy is a unit linked regular premium policy, in which the nominee gets the full amount of insurance within 24 hours of insured person's death. In case the insured person dies when some of the premiums are left then rest of the premiums are paid by the LIC. In this policy bond fund has been prioritized and equity part has been kept between 15 and 25 per cent due to speedy ups and downs in share markets. Person between 18 and 50 years of age can take the policy for 10 to 20 years of premium in any mode. The minimum premium for the policy has been fixed at Rs 15,000 and maximum at Rs 1,00,000. He also said that every year LIC brings out new policies for the benefit of citizens and to secure their life.
He on the occasion said that Flexi Plus plan is unique in its features which provides dual benefits to the policy holder, 1st being lump sum payment to the nominee at the time of death of the policy holder and other is maturity benefit irrespective of survival of the policy holder. This plan also aims at steady income carrying lower to medium risk. Further under this plan a policy holder has an option to choose the amount of premium they desire to pay, depending on which equivalent level of cover will be provided. |
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