NELLORE: Life Insurance Corporation of India (LIC) is coming up with two new products namely ‘Fortune Plus’ and ‘Profit Plus’.
Announcing this at a press conference on Wednesday, LIC Senior Divisional Manager (SDM) K. S. Sundararajana said that LIC Chairman T. S. Vijayan will launch the two new products on Thursday.
“The Fortune Plus is a unit linked assurance plan while the Profit Plus is unit linked Endowment plan.”
Besides, the LIC will also launch a new health insurance product, which can cater to the needs of the people from all walks of life.
“Accordingly, the corporation has started a separate health insurance scheme with headquarters in Hyderabad. It is also planning to capture pension market by forming separate wings for handling pension portfolio, which can take care of the unorganised sections across the country particularly the risk of their long living and help them in old age.”
The SDM added that LIC has already come out with the Micro Insurance product by name ‘Jeevan Mathur’, which offers insurance cover to all citizens with very low income.
It has also launched many customer related measures through networking; call centres and Interactive Voice Response system besides accepting premiums through ATMs, ECSs and kiosks“Significantly, Enterprising Document Management System project, which converts records into the digital form, can ensure accessibility of the data to any office in the country”.
Customer Relations Manager N. Rajendran, Marketing Manager P. Raghava Rao and Manager K. Munikrishnaiah and others were present.