NEW DELHI, : Life Insurance Corporation of India (LIC) on Friday launched two new plans – Nav Jeevan Shree and Nav Jeevan Shree Single Premium.
The new plans launched are combinations of savings and protection and are specially designed to generate an adequate corpus to meet various needs of life cycle, LIC said in a statement.
While Nav Jeevan Shree facilitates regular premium to built corpus, Nav Jeevan Shree – Single Premium facilitates lump sum payment to provide for life insurance and attractive option to generate targeted corpus for individual needs, it said.
LIC’s Nav Jeevan Shree is a single premium policy meant for building corpus along with providing life insurance.
In the current environment when interest rates are very volatile, these two plans provide guaranteed additions throughout the policy term, it added.
