LIC OF INDIA LAUNCHES TWO UNIT LINKED PLANS
LIC Chairman Shri M R Kumar today launched two new unit-linked plans, LIC’s Nivesh Plus plan (UIN 512L317V01) and LIC’s SIIP (UIN 512L334V01) LIC’s Nivesh Plus is a Single Premium, Non-Participating, Unit Linked, Individual Life Insurance plan which offers insurance cum investment during the term of the policy. The Proposer can choose the amount of Single Premium he/she desires to pay and has the flexibility to choose the Basic Sum Assured at the inception. The Sum Assured options are 1.25 times of the Single Premium or 10 times of the Single Premium. Guaranteed Additions as a percentage of Single Premium shall be added to the Unit fund on completion of specific duration of policy years The allocated premium and Guaranteed Additions will be utilized to purchase units as per the opted fund type. The Minimum premium is Rs 1,00,000/- with no Maximum limit. LIC’s SIIP is a Regular Premium, Non-Participating, Unit Linked, Individual Life Insurance plan which offers insurance cu...