HomeNewsbusinessLIC Launches Savings Life Insurance Plan Bima Ratna

LIC Launches Savings Life Insurance Plan Bima Ratna

LIC Launches Savings Life Insurance Plan Bima RatnaThe Life Insurance Corporation of India (LIC) has launched a non-linked, non-participating, individual, savings life insurance plan named “Bima Ratna”. The new plan aims at the domestic market, and provides both protection and savings.

  • It can be purchased through Corporate Agents, Insurance Marketing Firms (IMF), Brokers, CPSC-SPV, and POSP-LI engaged by these intermediaries viz. Corporate Agents, Insurance Marketing Firms (IMF), and Brokers.

LIC’s Bima Ratna Plan: Key Features

  • Death Benefit
  • Survival Benefit
  • Maturity Benefit
  • Guaranteed Additions
  • Eligibility Conditions and Other Restrictions
  • Date of commencement of risk

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