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Insurance LIC's new plans offer no new benefits

LIC's new plans offer no new benefits

Source: Business Standard Jan 12, 2016

The Life Insurance Corporation of India (LIC) recently launched two new non-linked, with-profit plans. One is Jeevan Labh, which has policy terms of 16, 21 and 25 years and premium paying term of 10, 15 and 16 years, respectively. The other is a closed-end single-premium plan, Jeevan Shikhar. It is available for sale up to March 31.

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