Business Daily from THE HINDU group of publications
Friday, Feb 29, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Feb 29, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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New Products & Services New ULIP from LIC Mumbai, Feb 28 Life Insurance Corporation of India has launched a new unit-linked pension product called ‘Market Plus’. It utilises the premium received to purchase units from a fund type chosen by the individual, after deduction of applicable charges. The total fund accumulated over a period of time after investment generates regular income that will be paid to the individual through his or her lifetime. The choice of retirement age is between 40 to 75 years, with a minimum deferment period of 5 years only. The individual will have a choice of four fund options, with varying degree of equity exposure. The policy comes with additional options of a life and accident cover. The customer has the option to pay premia in yearly, half-yearly, quarterly and ECS modes– Our Bureau More Stories on : New Products & Services | Life Insurance
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