Posted: 29-Oct-09 in Finance, General, News India by Manish Kumar 0 comment

Jeevan Nischay from LIC single premium plan

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Jeevan Nischay plan is a new offer from LIC which is a little similar to Jeevan Astha which is also from LIC.

According to this new plan, an investment of 1 lakh would mature into 1.7 lakhs after 10 years. But the exact policy details will be known only when the poliy is launched which is somewhere around March 2010.

The policy will be availaible to only existing policyholders of LIC.The policy covers only the mandatory five times of the premium amount for the first year of insurance. For subsequent years, the sum insured will be equivalent to the premium paid.

Given that LIC’s reputation in India is really high and consumer’s trust LIC a lot, this plan also is likely to be very successful.

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