LIC Index Plus Policy: LIC launches Index Plus Policy: Life Insurance Corporation of India (LIC) announced the launch of its new unit linked life insurance product, LIC Index Plus. The scheme has been launched by LIC following a BSE notification last month on February 5 and LIC Index Plus is available for purchase from February 6, 2024.
In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are informed that the Corporation has announced the launch of its new product available for sale from February 6, 2024.
LIC Index Fund is a unit linked, non-participating, individual life insurance plan.'LIC Index Plus is a unit linked, regular premium, individual life insurance plan that offers savings along with life insurance cover during the entire term of the policy. Guaranteed additional amount as a percentage of the annual premium will be added to the units. The fund will be used to purchase units on completion of a specified period of policy years under the current policy.
Minimum premium Rs. 30000/- per annum (Rs. 15000/- (Rs. half-yearly), Rs. 7500/- (Rs. per quarter), Rs. 2500/- per month (Rs. H) Mod/Premium payment is based on artwork. Mainly premium – no limit on ownership of underwriting decision.
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