LIC is launching new product JEEVAN MANGAL shortly. Any idea of this new product?
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LIC is launching new product JEEVAN MANGAL shortly. Any idea of this new product?
This plan is available right now. This new plan is a term assurance plan with return of premiums on maturity where the policy-holder may pay premiums either lumpsum or in yearly, half- yearly, quarterly, monthly, fortnig htly or weekly installments and the minimum premium was Rs 15 per week.
Apart from this, the plan premium starts from Rs 10,000 and its duration is 10 to 15 years.
The policy also provides an insurance cover for accidents for policy-holders.
LIC launched this plan for the benefit of daily wage workers, labourers and poor people and it was run by SHG women and NGOs under supervision of LIC
If you want more info. PLease visit this link - http://www.licindia.com/JeevanMangal_features.html