Life Insurance Corporation of India (LIC) has launched a new insurance plan on Saturday.
Life Insurance Corporation of India (LIC) has launched a new insurance plan, which has been named Bima Ratna. It is a non-linked individual savings life insurance plan that offers both protection and savings.
Life Insurance Corporation of India (LIC) made a new Insurance Plan Has been launched, which has been named Bima Ratna. This insurance plan has become effective from 27 May 2022. This is a non-linked individual savings (Savings) It is a life insurance plan, in which the benefit of both protection and savings is available. According to the statement issued by the company, this is a limited premium (Premium), is a money back plan, which is available with a guaranteed edition. This plan is available for tenures of 15, 20 and 25 years. The premium paying term in this insurance policy is four years less than the policy term.
In the plan, 25% of the Basic Sum Assured is available as year-end survival benefit for the last two years of the policy term.
Sum Assured and Features
LIC said that as the term of the policy increases, the guaranteed additions will also increase. In the plan, in the event of the death of the insured during the term of the policy, the family gets financial support. On death, the sum assured is more than 125% of the basic sum assured or seven times the annual premium. It should be less than 125% of the total premium paid.
The insurance company said that loan facility is also available in the plan. So there is no problem of liquidity. Optional riders are available under this plan on payment of additional premium. Maturity or death benefit is available in installments over a period of five years in the insurance policy.
The minimum sum assured under this plan is Rs 5 lakh. And it can be increased to a multiple of Rs 25,000. No limit exists for the maximum sum assured. To buy this plan, it is necessary to be at least 90 days to five years of age.
Apart from this, let us tell you that there has been a weak listing of LIC in the market and if DIPAM Secretary Tuhin Kant Pandey is to be believed, then the uncertain conditions of the stock market are responsible for this weak start. Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management, said on Tuesday that the country’s largest insurance company LIC has had a weak start due to unforeseen market conditions. He also suggested to the investors that they should keep LIC shares to get benefits in the long run.
: Language Inputs