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LIC introduces 6 plans
Posted on: 16/Jan/2014 3:00:24 PM
Life Insurance Corporation of India has introduced six new plans. T Sitharthan, Zonal Manager - South Zone, LIC, said that the insurance company had achieved a market share increase of 12% by the end of 2013 at a press conference to enumerate the salient features of the new plans here on Monday. M Ravichandran, Regional Manager, Marketing, said that LICs Endowment, Jeevan Anand, Bima Bachat and Money Back, 20 and 25 year, plans have all been revamped to make them more attractive options.
The Single Premium Endowment Plan, introduced for the first time, is a one-time investment plan that would cover children as young as 90 days of age with a risk cover for the full sum assured.
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