Andhra Pradesh

LIC launches new policy plan

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A new insurance policy, Jeevan Pragathi, was launched by LIC Senior Divisional Manager G. Babu Rao in Kadapa on Wednesday.

Eligibility

The policy having a term ranging from 12 to 20 years is open to persons aged between 12 and 45 years and offers a minimum insurance sum of Rs. 1.50 lakh with no upper limit, Mr. Babu Rao said in a statement.

Explaining the features of the policy, he said cent per cent insurance sum would be paid to the policy-holder in five years, 125 per cent between the sixth and tenth year and 200 per cent between 11 and 15 years.

Ten times the annual premium would be paid in case of accidental death and the sum assured and bonus would be paid in case of normal death claims, the LIC Senior Divisional Manager said.

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Printable version | Dec 9, 2019 12:43:36 PM | https://www.thehindu.com/news/national/andhra-pradesh/lic-launches-new-policy-plan/article8190417.ece

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