LIC has created panic by launching an attractive life insurance plan for the customers. Seeing the specialty of this policy, more than 50 thousand people bought it in just 15 days. You get coverage for more days than the premium you pay in the policy and later the money is also returned, that too with interest.
New Delhi. The country’s largest insurance company LIC has launched a new life insurance plan, which is being liked a lot. The specialty of the policy is such that customers are taking it hand in hand. In just a fortnight the company sold more than 50 thousand policies. In this, you also get interest on the amount deposited and the coverage of life insurance separately. The chairman of LIC himself has told the specialty of this insurance policy.
The specialty of this plan is that in this the customers have to pay the premium for 8 years less than the maturity term. LIC will pay you a lump-sum amount on maturity. This is called Basic Sum Assured. As a lump-sum, LIC will pay you a minimum of Rs 2 lakh and a maximum of Rs 5 lakh. According to the chairman of LIC, 50,000 policies have been sold under this plan in 15 days.
There is a unique thing about this policy which makes it different from everyone else. In this, you have to pay premium for 8 years less than maturity. Suppose you have bought a policy for 18 years, then you will have to pay premium only for 10 years. In this policy, you get a minimum sum assured of Rs 2 lakh. At the same time, the maximum amount can go up to Rs 5 lakh. You can buy this policy for 15-20 years.
How much return will you get
If you start putting Rs 12,083 per year in this policy from the age of 28, then if your plan is 18 years old, then you will get a sum assured of Rs 2 lakh on maturity. In this you will get 4-5 percent interest. In this policy, the basic sum assured or 7 times of the annualized premium is available as a death benefit. In this, it is ensured that the amount to be paid is not less than 105% of the premium deposited on the date of death.
50,000 in 15 days
LIC Chairman MR Kumar has said that since its launch, 50,000 policies were sold in just 10-15 days. Please tell that it was started in January 2023. Kumar has said that the company is focusing on portfolio mix to provide better facilities to its customers. He told during the press conference that the company has made a profit of Rs 6334 crore in the December quarter, which was Rs 235 crore in the same period last year. The reason for the sharp jump in profit is the transfer of Rs 5670 crore from LIC’s non-participating fund to the shareholders. The company’s net income from premium also increased from Rs 97,620 crore to Rs 1.1 lakh crore.
