LIC's policy became a buzz across the country, more than 50 thousand policies were sold in 15 days

 LIC's policy became a buzz across the country, more than 50 thousand policies were sold in 15 days

LIC's Jeevan Azad policy is currently selling well, and the response from people is also getting the same. This scheme has been launched recently in January 2023. The minimum sum assured of this policy is 2 lakh rupees. Which an Indian citizen can easily buy.

Jeevan Azad Police of Bharatiya Life Insurance Corporation, the country's largest government insurance company, is being preferred by people. More than 50 thousand Jeevan Azad policies of LIC have been sold within 10 to 15 days of the launch of this new policy. LIC Chairman MR. Kumar gave this information in a virtual press meet. Jeevan Azad policy is a non-participating insurance scheme. LIC launched this scheme in January 2023. LIC makes policies for people of all ages. Then lakhs of people of the country have invested in most of the schemes of LIC.

Absolute guarantee of returns

The premium payment term of Jeevan Azad Scheme is minus 8 years. For example if an investor opts for a term of 18 years in the policy, one has to pay the premium only for 10 years... and the lump sum payment is guaranteed while the policy is in place. The minimum sum assured in this policy is Rs 2 lakh and the maximum sum assured is Rs 5 lakh. This policy can be taken for 15 to 20 years.

Who can take the policy?

If a 30 year old person has purchased a Jeevan Azad policy for 18 years. He deposits 12 thousand 38 rupees for 10 years for a minimum amount of 2 lakhs. Then if a policy buyer dies, the basic minimum sum assured or 7 times the annual premium chosen at the time of taking the policy will be paid to the policy holder. But a condition for such condition is that the total premium paid till the date of death should not be less than 105 percent.

People from 90 days old to 50 years old can invest in this scheme. If you take this LIC policy you are given the option to pay monthly, 3 months, 6 months and yearly premiums. Then the policyholder gets the return at the time of insurance maturity.

read in gujarati below link 

LIC ની પોલિસીથી દેશભરમાં ધૂમ, 15 દિવસમાં વેંચાઈ ગઈ 50 હજારથી વધુ પોલિસી

Profit of LIC

M.R. Kumar said LIC is focusing on guaranteed schemes like non-participatory insurance. Because they provide high margins to the policyholders. During the press meet, he said that LIC's net profit for the quarter ending 31 December 2022 has increased. LIC posted a profit growth of Rs 6334 crore in the December quarter. While in the first period of 1 year it was 235 crores. LIC's net premium income in Q3FY22 also stood at Rs. 97,620 crore in Q3FY23 to Rs. 1.1 lakh crores.