Question
Life Insurance Corporation has launched a
non-participating product with a minimum entry age for the product is 20 years offering 11 annuity options to the policyholders, and they have the flexibility to choose between regular and single premiums.What is the name of the product ?Solution
State-owned Life Insurance Corporation of India (LIC) has announced the launch of the non-participating product Jeevan Dhara-II. The minimum entry age for the product is 20 years. The annuity is guaranteed from inception, offering 11 annuity options to the policyholders, and they have the flexibility to choose between regular and single premiums. The available deferment period is from 5 years to 15 years in the case of regular premium and from 1 year to 15 years for single premium.
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