New plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child, says Life Insurance Corporation of India
The product is targeted at parents who wish to create a long-term corpus to meet the higher education needs of their children.
LIC surged five per cent in open trade, continuing its stellar performance from Thursday when it hit an all-time high.
The insurer’s net premium income grew 4.67 percent to Rs 1.17 lakh crore in the quarter under review, from Rs 1.11 lakh crore in the year-ago period
Life Insurance Corporation of India (LIC) launched a new unit-linked life insurance policy called LIC’s Index Plus this week. It is a non-participating, regular premium, individual life insurance plan which offers life insurance cover cum savings throughout the term of the policy.
Life Insurance Corporation of India (LIC) has launched the unit-linked, regular premium, individual life insurance plan Index Plus, which offers life insurance cover-cum-savings throughout the policy term
Life insurance is an important component of financial planning in India, offering protection and security for loved ones. When selecting a provider, individuals should prioritize those with high claim settlement ratios and swift turnaround times.
Under the 'Cashless Everywhere' system, policyholders will have the liberty to select any hospital for their treatment, breaking away from the limitations imposed by agreements or tie-ups between insurance companies and healthcare providers.
One major expectation is higher government investment in the insurance sector. Higher budgetary allocation, they believe, will provide the sector with the requisite impetus