Udupi: LIC of India launches new policy - Jeevan Vriddhi


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By Snehalatha, Udupi
Bellevision Media Network

Udupi, 02 March 2012: The Life Insurance Corporation of India (LIC) launched a new plan ’Jeevan Vriddhi’ to the market. If the policy holder dies before the maturity period his family will receive 5 times the premium amount, said Udupi Division Senior Divisional Officer N.S. Shirakatti on Thursday in a press conference.

 

This is a single premium insurance policy and not linked to any share market. The plan would be available for a limited period from 1st March to only up to a maximum of 120 days. After the expiry of the policy period the premium amount will be doubled. More than Rs. 50,000 premium will be added with additional amount and will be returned, this is the specialty of this policy, he said.

 

Anyone of the age from 8 years to 50 years can purchase this policy with the minimu premium of Rs. 30,000. There is no maximum limit, after one year from the policy it can be withdrawn or can take load.

 

Udupi Division expects to collect about Rs. 100 crores from 20,000 policies in this month. For those who are paying income tax and who can invest more than Rs. 30,000 at one time, this is an ideal investment plan, he explained.

 

In the press conference Sales Manager H.R. Bhat and Marketing Manager B. D. Almeida were present.

 

 

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Comments on this Article
Punya Kumar Dubey, Bhopal Fri, March-2-2012, 9:26

LIC Jivan Vraddhi policy is best.I am intrested.

ABHIJIT DAS, KOLKATA Fri, March-2-2012, 12:11
How does this plan work and what is tanure?
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