-
ALSO READ
LIC IPO may hit market in fourth quarter of next fiscal: DEA Secretary
Insurers asked to adopt one aspirational district each, says IRDAI Chairman
Irdai panel suggests introduction of index-linked insurance products
Bajaj Allianz Life AUM grows 79% in 10 years to cross Rs 70,000 cr
MassMutual to set up Rs 1,000 crore global facility in Hyderabad
-
Life Insurance Corporation has introduced a new plan which is a non-linked, non-participating, individual, savings plan offering a combination of protection and savings.
Bima Jyoti provides a guaranteed lumpsum payment on maturity and financial support to the family in case of untimely death of the policyholder during the policy-term.
Guaranteed additions at the rate of Rs 50 per thousand basic sum assured will be added to the policy at the end of each policy year.
The minimum basic sum assured is Rs 1 lakh with no upper limit and the policy can be taken for 15 to 20 years by a 90-day-old child to those under 60, LIC said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU