LIC launches 2 new policies!
Posted on: 02/Mar/2020 12:06:18 PM
2 new insurance policies Nivesh Plus and SIIP – have been launched on behalf of the Life Insurance Corporation of India.
Regional Manager Kadiresan explained regarding this:
‘Nivesh Plus is a single premium. This is an unshared, unit-linked individual insurance policy. The insurer can select the amount of the single premium he intends to invest. It also has the flexibility to select the basic amount confirmed at the start.
Once specified time gets completed and the policy matures, it will be added to the Unit Fund. The units are to be bought as per the allotted premium and guaranteed additions. The minimum premium, with unlimited maximum, is Rs. 1 Lakh.
LIIP is the usual form of insurance premium. This is an anshared, unit-linked, individual insurance coverage plan. It offers the insurance and the investment during the policy period. This may be used to buy units as per the allotted premium and the guaranteed additions.
The basic amount offered to individuals less than 55 years of age is 10 times the annual premium and for the individuals above 55 years of age, it is 7 times the annual premium.
The minimum premium (without any upper limit) is Rs. 40000 (on annual basis).
These policies will be available from today (Monday, 2nd March). ‘
