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      Question

      Which insurance corporation has introduced the тАЬJeevan

      Azad Plan', a policy designed to provide financial assistance to the family in the event of the unfortunate demise of the life assured within the policy duration?
      A National Insurance Company Correct Answer Incorrect Answer
      B United India Insurance Company Correct Answer Incorrect Answer
      C Life Insurance Corporation of India Correct Answer Incorrect Answer
      D New India Assurance Co Correct Answer Incorrect Answer
      E Allianz SE Correct Answer Incorrect Answer

      Solution

      The Life Insurance Corporation of India (LIC) has launched LIC Jeevan Azad Plan. It is a limited period premium payment plan that offers financial support for the family in case of unfortunate death of the life assured during the policy term. If the LIC policyholder survives the maturity term, then the plan offers a guaranteed base sum-assured amount.

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