LIC unveils protection-cum-savings plan

LIC of India has introduced Bima Jyoti, a non-linked, non-participating, individual savings plan which offers a combination of protection and savings.

“The plan provides a guaranteed lump sum payment at maturity and financial support to the family in case of unfortunate death of the policyholder during policy term. It can be purchased Offline through agent /other intermediaries as well as Online directly through the website,” LIC said in a statement.

The policy provides guaranteed additions at the rate of ₹50 per thousand and basic sum will be added to the policy at the end of each policy year.

The minimum basic sum assured is ₹1 lakh with no upper limit. The policy can be taken for term of 15 to 20 years with premium paying term calculated as Policy term minus 5 years.

The minimum age at entry is 90 days completed and maximum age at entry is 60 years.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *