Question
Life Insurance Corporation of India (LI
- C has launched a new non-linked, non-participating individual savings whole life insurance product in which the minimum sum assured is Rs 5 lakh & the premium paying terms range from five to 16 years.What is the name of the insurance product?Â
Solution
The Life Insurance Corporation of India (LIC) has launched a new non-linked, non-participating individual savings whole life insurance product - Jeevan Utsav. The minimum sum assured under the policy is Rs 5 lakh. The premium paying terms range from five to 16 years. The minimum age at entry is eight years, while the maximum limit is 65 years.Â
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