Business / LIC Policy latest news compnay change these 2 plans and relaunch it New Jeevan Amar plan New

LIC Policy Details: Your money has also been invested in LIC policy… or you have also taken any LIC policy, then this is big news for you. The government company has introduced two of its popular old plans in a new form. The company has introduced LIC New Jeevan Amar and LIC New Tech Term plans in a new form.

Company gave information

LIC has given information about this in the exchange filing. The company has said that both the plans are non-linked, non-participating, individual, pure risk premium life insurance plans. The company has decided to start both these plans in a new way.

LIC issued circular

According to the circular issued by LIC, both these plans were launched in the market 3 years ago and now they are being relaunched once again. You can buy both these term plans either online or offline.

What is the specialty of the policy-

>> People from 18 years to 65 years can participate in it.

>> In this the maximum maturity age is 80 years.

>> Whereas, the policy term is between 10 to 40 years.

>> Special rates are offered to women in these plans.

>> Apart from this, there are different rates for smokers and non-smokers.

When is the premium to be paid?

In both these policies, customers have to pay premium on monthly, quarterly, half-yearly and yearly basis. Customers have to pay premium amount in the form of 5 thousand, 15 thousand, 25 thousand and 50 thousand.