Mumbai-based insurance company- LIC has launched Jeevan Amar - A new term insurance plan, which will provide extra benefits and flexibilities to its policyholders in comparison to other insurance plans.
LIC’s Jeevan Amar plan is a Non-Linked, Without Profit, pure protection plan. LIC new term plan is available for 18-65 years people, with the maximum age of maturity is 80 years.
The plan offers the flexibility to choose from two death benefit options viz: Level Sum Assured and Increasing Sum Assured.
Under this plan, there are 2-categories of premium rates- Non-Smoker & Smoker rates. Also, lower premium rates will be available for female proposers.
The policyholder has the option to choose from Single, Regular and Limited Premium payment option.
The plan also offers the flexibility to choose death benefit payment either as a lump sum payment and/or in installments.
Under this plan, Minimum Basic Sum Assured is Rs 25 lakh with no Maximum limit.
Shri Kandikuppa Sreekant (age 55 years) takes charge as Chairman-cum-Managing Director of Power Grid Corporation of India till 31st December 2023.
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