Life Insurance Corporation has launched a brand new plan which is a non-linked, non-participating, particular person, financial savings plan providing a mixture of safety and financial savings. Bima Jyoti gives a assured lumpsum cost on maturity and monetary assist to the household in case of premature dying of the policyholder throughout the policy-term.
Guaranteed additions on the charge of Rs 50 per thousand primary sum assured will probably be added to the policy on the finish of every policy yr.
The minimal primary sum assured is Rs 1 lakh with no higher restrict and the policy could be taken for 15 to twenty years by a 90-day-old youngster to these below 60, LIC stated.
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