People nowadays are in desperate need of insurance. People can also receive cash assistance under health insurance, and life insurance is a valuable investment option. Regarding insurance in the nation, LIC is regarded as a very large and established company. Each year, LIC issues millions of policies. LIC offers a wide variety of plans concurrently. LIC has now unveiled a new insurance package. In addition to this plan, it has asserted returns that are guaranteed.
LIC scheme
A fresh initiative has been introduced by LIC. Giant of the insurance industry Life Insurance Corporation unveiled Jeevan Utsav, a new service, on Wednesday. In this plan, guaranteed returns have been promised by them. It said in the information given to the stock market that it is a ‘non-linked’, non-participating, individual savings, whole life insurance plan.
LIC
In a recent interview, Chairman Siddharth Mohanty revealed some of the features of the new service, stating that it will guarantee returns and that the policyholder will receive 10% of the total guaranteed for the duration of his life. According to Mohanty, the new product is prepared to make a big splash in the marketplace. Everyone is curious about the amount he is paying and the anticipated return in 20 to 25 years.
Several features
In addition, he claimed that the features of this new business include a loan facility and early withdrawal. On the website, people can find out more details regarding this scheme.
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