LIC launches Bima Ratna plan: Check out the top features
Zee News
The LIC's Bima Ratna plan provides financial support to the policyholder's family in the event of the policyholder's untimely death during the policy term
New Delhi: LIC, India's largest insurer, announced on Friday the launch of Bima Ratna, a non-linked, non-participating, individual savings life insurance plan that combines protection and savings. The new product was introduced to meet the needs of the home market.
Corporate Agents, Insurance Marketing Firms (IMF), Brokers, CPSC-SPV, and POSP-LI, as well as other intermediaries such as Corporate Agents, Insurance Marketing Firms (IMF), and Brokers, can acquire the product.
The LIC's Bima Ratna plan provides financial support to the policyholder's family in the event of the policyholder's untimely death during the policy term, as well as periodic payments for the policyholder's survival at set intervals to fulfil various financial demands.
In addition, the proposal includes a borrowing facility to meet liquidity requirements.
Here are the key features of the new plan:
