LIC is the one name in the Insurance sector which garners the maximum respect and credibility in India. LIC has gone too ahead in the life insurance plans and it has the best settlement ratio as well in the market. With all the existing plans they have come up with some new plan in the market. This New LIC plan has some more and lucrative benefits which is catering more customers for the LIC.
LIC New plan’s name is LIC New Janaraksha Plan, this is a unique insurance plan, which is an Endowment insurance plan. The new LIC plan that is New Janraksha Plan with all the means provides the financial protection and security against the death of the person assured throughout the whole term of this LIC new Plan that is Janaraksha plan. It also pays the maturity amount (which you don’t get in most of the term plans) on survival of the assured at the end of the term plan.
What Bonuses are there in this LIC new Plans?
Well when we talk about the bonuses of this New LIC plan then one think assured that there are plenty of bonuses in this LIC New Plans. This is a plan with lots of profits in it and this plan also profits the whole body of LIC India. The bonus is fixed and calculated for every thousand sum assured yearly at the end of the financial year. There is one more probation of profit that is when the policy has already covered for fixed minimum period of months or time, then the bonus may get payable for this tenure.
What about the premiums of LIC new Plans?
Well there are lot of options which goes like this, you can pay premiums monthly wise or yearly wise or may be half yearly wise, rather if you choose for the salary deduction that can also be done. You can choose the mode of paying the premiums by yourself and it can run till the whole term of the policy. The best thing of LIC New Plan is after the two year’s complete premium the assured is eligible for the full insurance cover provided the premiums are not being paid for up to three odd years.
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