India’s largest insurance company the Life Insurance Corporation of India (LIC), has introduced two new insurance plans. These plans are designed to help people save money while also protecting the policyholders of life insurance.
This year, on July 4th, the Chief Executive Officer and Managing Director (In-Charge), Sat Pal Bhanoo, made this announcement. LIC’s Nav Jeevan Shree (Plan 912) and LIC’s Nav Jeevan Shree Single Premium (Plan 911) are the two newly launched plans
Nav Jeevan Shree (Plan 912), a regular premium plan preferably for individuals seeking financial protection. It is planned by keeping the younger generation in mind. It’s perfect for individuals who want to save over time, the people who want to save for the future while also protecting their family with life insurance benefits. It helps in achieving long-term goals, such as children’s education, marriage, or retirement.
Whereas, Nav Jeevan Shree Single Premium (Plan 911), the plan is for those who want to make a one-time payment or investment. The policyholders pay once and enjoy both life insurance and guaranteed returns. It is a simple and hassle-free option for people who want to invest and get fixed benefits.
For regulatory and administrative purposes, each plan has a unique ID number. LIC’s Nav Jeevan Shree (Plan 912) ID is UIN: 512N387V01, while LIC’s Nav Jeevan Shree Single Premium (Plan 911) ID is UIN: 512N390V01.
Both plans offer Guaranteed Additions, which means your money will grow safely throughout the policy term, even if market interest rates change.
LIC said that these plans are made keeping in mind the needs of today’s younger generation, who are smart with money and prefer digital services. LIC said that it is always working on new and better insurance plans to meet the changing needs of people, especially the younger generation who understand money well and like using digital services.
If you want to know more or buy these plans, you can visit the official LIC website or contact your nearest LIC branch, or agent.
