LIC of India has launched Bima Jyoti, a non-linked, non-participating, particular person financial savings plan which provides a mix of safety and financial savings.
“The plan gives a assured lump sum fee at maturity and monetary assist to the household in case of unlucky dying of the policyholder throughout coverage time period. It may be bought Offline by agent /different intermediaries in addition to On-line immediately by the web site,” LIC stated in an announcement.
The coverage gives assured additions on the fee of ₹50 per thousand and fundamental sum will probably be added to the coverage on the finish of every coverage yr.
The minimal fundamental sum assured is ₹1 lakh with no higher restrict. The coverage may be taken for time period of 15 to 20 years with premium paying time period calculated as Coverage time period minus 5 years.
The minimal age at entry is 90 days accomplished and most age at entry is 60 years.