Newly launched Jeevan lakshya has received tremendous response and central zone stood first in collecting premium across the country, said Regional Manager of Zonal Director (in-charge) in Central Zone KS Naganyal.
He was addressing mediapersons at Divisional Office here on Friday. He further said that Jeevan lakhsya policy of lIC was launched on March 12, 2015 and around 2100 policies on the first day of the launch were sold collecting a premium of Rs 1 crore and in the central zone 500 policies were sold collecting a premium of Rs 50 lakh.
Jeevan lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility
lIC’s Jeevan Sangam is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium. The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured. The plan will be open for sale for a maximum period of 90 days from the date of launch which is March 4, 2015.
Children Money Back policy is participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits.