LIC product launches: 5 new products launched by Life Insurance Corporation in 2023

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Key Points

LICs Jeevan Azad is a non-participating, individual, savings life insurance plan which offers a combination of protection and savings. This plan was launched on January 20, 2023...

This is a limited premium payment endowment plan that offers financial help to the family in the event of the untimely death of the life guaranteed during the policy term, as well as liquidity requirements through a loan facility. it also pays a guaranteed lump payment to the surviving life assured on the maturity date...

The death benefit payable on the death of the life assured throughout the policy term after the date of risk initiation but before the date of maturity shall be "Sum Assured on Death," where "Sum Assured on Death" is defined as the greater of "Basic Sum Assured" or "7 times Annualised Premium.".

Dhan Vriddhi is a non-linked, non-participating, individual, savings, single premium life insurance plan that provides both protection and savings. This plan provides financial assistance to the family in the event of the untimely death of the life guaranteed within the policy term..

LIC Jeevan Kiran life insurance policy: Maturity benefit, how to apply online, premium payments, death benefits..

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