Hyderabad, Oct. 15 -- Life Insurance Corporation of India (LIC) on Wednesday announced the introduction of two new plans -- 'Jan Suraksha' and 'Bima Lakshmi'. The new plans were launched by LIC CEO and MD R. Doraiswamy, the insurance company said in a release.
These are the first two products to be introduced by LIC in the new Next Gen GST Regime. In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term.
Auto cover facility is available after payment of three full years' premiums paid under both the plans.
LIC's JAN SURAKSHA , a Life Micro Insurance Plan, aims to cater to the lower income group people. It has Auto Cover facility and Guaranteed Additions.
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