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| LIC launches new plan' Jeevan Vriddhi' | | | Early Times Report
JAMMU, Mar 1: Life Insurance Corporation of India (LIC) today launched a new plan' Jeevan Vriddhi' on the traditional platform. This is a single premium non linked insurance plan where the risk cover is 5 times of premium chosen by the customer and offers excellent guaranteed returns at Maturity. The plan, which is an ideal combination of Insurance and Returns, would be available for a limited period only up to a maximum of 120 days.
A major highlight of this plan is that it offers multiple benefits to the customers.
The Minimum Age at entry for the plan is 8 years (completed) while the maximum is 50 years (nearer birthday). The term under the policy is fixed at 10 years. The minimum Sum Assured is Rs. 1.50 lakhs while there is no upper limit.
The minimum premium under the policy is Rs 30,000 and shall increase in multiples of Rs 1000.
The Customer shall be eligible for tax benefits on the premium under section 80C as per prevailing rules. The policy offers high liquidity through policy loan after just one year. |
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