2 days ago
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The Life Insurance Corporation of India (LIC) has introduced 2 caller plans New Jeevan Sathi-Single Premium and New Jeevan Sathi-Limited Premium.
Both are non-par, non-linked, individual, savings plans. These are associated beingness plans which connection a operation of savings and protection, LIC said aft CEO and MD R. Doraiswamy launched the caller plans. Both the products volition beryllium disposable for acquisition from June 1.
The premium nether New Jeevan Sathi-Single Premium is payable lone erstwhile and it offers guaranteed additions astatine the complaint of ₹70 per ₹1000 basal sum assured each year, passim the Policy Term. Various options for selecting the argumentation word are available.
Unique features of the New Jeevan Sathi-Limited Premium see premium is payable for a constricted period, guaranteed additions each twelvemonth astatine the complaint of 7% of full tabular yearly premium for the premium paid passim the argumentation word and payment of premium waiver connected the archetypal death.
Both are associated beingness plans that screen a joined idiosyncratic on with his/her spouse successful a azygous policy. The minimum basal sum assured is ₹3 lakh. Rebate successful premium is disposable to existing policyholders and nominees/beneficiaries of deceased policyholders. Benefits payable connected decease oregon endurance are guaranteed, LIC said successful a release.
