Monday, February 16, 2009

LIC's New Plan - JEEVAN VARSHA

Life Insurance Corporation of India (LIC) has launched a close ended guaranteed addition money back plan 'Jeevan Varsha' and expects healthy response.

“After the huge success of Jeevan Astha which closed recently, the corporation has launched another guaranteed product. This is a regular premium money back policy, having premium payment mode such as yearly, half-yearly, monthly.

The plan would be made available for sale only between 16 February and 31 March, 2009.

Jeevan varsha plan is available with two policy terms of 9 and 12 years. The policy will offer Rs65 per Rs1,000 sum assured and Rs70 for a 12 year term.

Any person who has completed 15 years of age can buy this policy. The maximum age at maturity will be 75 years. The plan has provisions for loan, surrender and revival.

LIC officials said, though guaranteed addition in Jeevan Varsha is lower than Jeevan Astha, the internal rate of return will be similar to it taking into consideration all factors.

For more details of the plan, pls contact VCare Financial Solutions 9869629086 or write to us on vcarefinsol@gmail.com

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