LIC unveils new micro insurance plan
Tuesday, Sep 08,2009, 11:57:01 AM Click:
The Life Insurance Corporation of India has launched Jeevan Mangal, the company's second product offering in the micro insurance product category.
The micro insurance plan Jeevan Mangal is a term assurance plan with return of premium on maturity providing for a sum assured (risk cover) ranging from minimum of INR10,000 to a maximum of INR50,000 with an optional accident benefit rider, together providing for total death benefit equal to double the sum assured, on death due to accident, said the Life Insurance Corporation of India.
Flexible modes of premium payment have been provided ranging from weekly, fortnightly, monthly, quarterly, half-yearly, annually and a single premium payment option has also been provided, added LIC.
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