The lIC has launched here its Jeevan labh (T-836) Plan, a participating non-linked limited premium paying endowment plan designed to meet long-term saving with less premium paying term.
This was announced by lIC Senior Divisional Manager Baghraij Majhi at a Press meet held at the lIC Division Office at Khodasingi here on Sunday.
Elaborating on features and benefits of the plan, Majhi said the plan can be purchased by anybody aged between 8 and 59 years. It provides for risk cover on the life of the policy holder during the policy term and also on surviving to the end of term Sum Assured along with vested Bonus and Final Additional Bonus, he added. “The plan is best suited for parents having small children for their education or marriage with payment of limited period. It would also be helpful for long term wealth creation,” Majhi said.
Among others, lIC marketing manager Trilochan Mishra and sales manager Gupteswar Bag were present at the Press meet.