LIC Launches Savings Life Insurance Plan Bima Ratna – The 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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