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Our Correspondent

Madurai, Sept. 1

"The overwhelming response to the Bima Gold Policy introduced last year has spurred us into introducing the money back `New Bima Gold Policy' with an added attraction of a risk cover to the extent of 50 per cent of the sum assured for 50 per cent of term after maturity", said the Senior Divisional Manager, Life Insurance Corporation of India (LIC), Madurai, Mr R.J. Rajaram, here on Friday.

Introduced in October, the close-ended policy had created a record sale of Rs 1.3 crore, he said while addressing the media persons on the occasion of the inauguration of the 50th Anniversary Insurance Week Celebrations. He further said that the division secured 1.02 lakh policies and collected a premium of Rs.138 crore at the end of August this year.

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