LIC Launches 2 New Term Assurance Plans


The Jeevan Amar plan affords the flexibleness to select from two choices.(File)

New Delhi:

Life Insurance Corporation (LIC) has launched two new merchandise — New Jeevan Amar and Tech Term — as we speak. Both are time period assurance plans.

New Jeevan Amar and Tech Term are non-linked and non-participating plans, which suggests policyholders pay mounted premiums and obtain assured returns. Non-linked plans are low-risk merchandise that aren’t linked to the inventory market.

Jeevan Amar affords the flexibleness to select from two choices: stage sum assured and rising sum assured.

A buyer can even select a single premium cost or an everyday premium cost. A restricted premium cost choice can also be supplied.

While girls can avail particular charges below the New Jeevan Amar plan, premium charges differ for non-smokers and people who smoke, in accordance with data accessible on the LIC web site.

Under the only premium plan, the minimal premium is Rs 30,000. For common and restricted modes, the cost is Rs 3,000.

Non-smoker charges can be primarily based on the findings of the urinary cotinine check.

The give up worth below the common premium plan is nil.

A buyer can even go for an accident profit rider on cost of an extra premium.

While the fundamental sum assured is Rs 25,00,000, no most sum has been set.

Citizens within the age group of 18-65 years can purchase the New Jeevan Amar coverage. The coverage time period is 10-40 years.

There is an choice to obtain loss of life advantages in instalments over a interval of 5 years as a substitute of a lump sum quantity.

The particulars of the Tech Term plan are awaited.

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