New Delhi: Life Insurance Corporation of India (LIC) has introduced a new policy. The name of this policy is LIC Bachat Plus. According to a press release issued by LIC, it is a non-linked, participating, individual savings plan. Under this policy, the insured gets protection along with savings. Under this plan, the policyholder will get a lump sum after the policy matures. At the same time, if the insured dies before the period of maturity, financial support will be provided to his family.
Payment of premium
LIC has said that the person willing to take this policy can pay a lump sum amount in a premium or under the premised payment option. If any person wants to buy this policy, then they can do it offline through agent or other intermediaries. Along with this, one can also buy the policy online through LIC website www.licindia.in.
Know how much can be minimum insured
Under this policy, Nutanam sum-insured can be one lakh rupees. This means that you have to take this policy for a minimum sum assured of Rs 1 lakh. You can calculate the premium of this policy from LIC website.
Under this policy, you can also take a loan if you need money immediately. In this way, it also suddenly meets your need related to liquidity.