Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed.
Life Insurance Corporation of India (LIC of India) is likely to submit new unit-linked insurance plans ULIPs with the IRDA in light of its two plans coming to a close.
The objective of Retire and Enjoy is to provide financial security to the family of policy holder during your productive span and a happy independent retired lifestyle for the policy holder and his/her spouse when they decide to retire.
Wealth Plus from LIC is a Single Premium Insurance policy unit linked plan having a term of 8 years and with a Payment term of 3 years or Single premium.
Wealth Plus guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.
LIC’s Jeevan Nischay is a single premium closed ended plan designed exclusively for our valuable policyholders like you who have at least one in force risk…
Jeevan Suraksha is a deferred annuity/pension plan, which allows policyholder to make provision for regular income after the selected term or after the age of retirement.
It has been decided to introduce LIC’s Jeevan Varsha (Plan No. 196) a close ended plan which
would be open for sale from 16th February, 2009 to 31st March, 2009.
Jeevan Kishore is a life insurance plan from LIC of India for kids.
Jeevan Anurag is suitable to take care of the educational and other needs of your kids. (investment options for kids india)
This policy is issued on the lives of the husband and wife provided the female’s life belongs to
Category I or is actively engaged in her spouse’s business.