7 months ago
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The Life Insurance Corporation of India (LIC) has introduced 2 plans, Jan Suraksha and Bima Lakshmi, offering guaranteed additions and fiscal extortion features for divers lawsuit segments.
CEO and MD R. Doraiswamy launched the products, which are among the archetypal acceptable to beryllium rolled retired by LIC successful the caller Goods and Services Tax regime. Under this regime, effectual from September 22, determination is nary GST connected idiosyncratic beingness and wellness security policies.
Jan Suraksha is simply a beingness micro security program aimed astatine the little income radical group advertisement offering car screen installation too guaranteed additions. The guaranteed additions volition accrue astatine the complaint of 4% of annualised premium astatine the extremity of each argumentation twelvemonth passim the argumentation term.
A non-par, non-linked idiosyncratic savings security plan, it provides fiscal enactment for the household successful lawsuit of decease of the policyholder during the argumentation word and a lump sum magnitude astatine the clip of maturity for the surviving policyholder. It is lone disposable for modular steadfast lives without undergoing immoderate aesculapian examination, LIC said successful a merchandise connected Wednesday (October 16, 2025).
Designed exclusively for women, Bima Lakshmi is simply a program providing beingness cover, periodical fixed wealth backmost aft each 2 years oregon 4 years oregon aft premium outgo ceases, arsenic per beingness assured’s choice, covers constricted unwellness and guaranteed maturity benefits.
Auto screen installation is disposable aft outgo of 3 afloat years’ premiums. In summation to different riders, pistillate captious unwellness rider is besides disposable upon outgo of further premium nether the non-par, non-linked security plan.
