LIC introduce a new policy - Bhima Diamond
Posted on: 20/Sep/2016 9:27:54 AM
On the special occasion of the 60th anniversary of Life Insurance Corporation, the Diamond Jubilee Year, a new policy Bhima Diamond is being introduced by LIC.
The new policy was launched in the Madurai Region Managers Association and the Agents Conference in Madurai at IMA Hall on Monday, 19th September.
Senior Regional manager P. J. Nicholson presided over this occasion. Trade Manager K. Karuppasamy, and Sales Manager V. S. Ananthakumar and others participated.
Senior Regional Manager Mr. Nicholson explained the features of the new policy.
The policy is being introduced on the special diamond jubilee celebrations of LIC.
The new Bhima Diamond policy has some special features like maturity benefit amount, additional life insurance, loyalty share, Lifetime benefit, and active life insurance even after maturity of the policy.
During the policy period, it is sufficient if the policyholder pays the premium in some specified years. For example, for policies of 16,20 and 24 years. The policy holder will need to pay the premiums only for 16, 20 and 24 years respectively. In case of maturity of the policy, the life insurance will be valid for half the amount of the policy amount will be paid during this extended period.
Every 4 years, a specific percentage of the policy amount will be paid as a lifetime benefit. On maturity of the policy, apart from the matured policy amount, a loyalty share amount will also be paid. There are benefits in case of accidents when the policyholder loses any organs or parts. Persons who are over 14 years of age can avail this policy and the benefits.
The policy answers the expectations of the present younger generation and also covers the life insurance and financial planning of people of all financial classes.
