Micro Insurance plans are specifically catered to provide insurance coverage and meet the financial needs of economically-weaker sections of society. Micro insurance plans usually have a sum assured of Rs.50,000 or less and offer low premium rates, thus making premium payments convenient for policy buyers. The Life Insurance Corporation of India (LIC), one of the premier life insurance firms in India, offers micro insurance plans with attractive benefits to customers.
The New Jeevan Mangal Plan from LIC is a protection plan that is offered with an in-built Accident Benefit, thereby providing an additional benefit in case the life assured meets with death due to an accident.
Benefits and Features of LIC’s New Jeevan Mangal Plan
|Plan Name||Entry Age||Maturity Age||Premium|
|LIC’s New Jeevan Mangal Plan||18 – 55 years||65 years||Starting from Rs.60 (under the Monthly Mode)|
The Bhagya Lakshmi Plan from LIC is a protection-oriented, non-par, limited payment policy which offers policy buyers a range of benefits at a competitive rate.
Features and Benefits of LIC’s Bhagya Lakshmi Plan
Micro insurance plans from Life Insurance Corporation of India (LIC) are a great way to secure the lives of your dependents, at a low cost. The insurer offers these plans to customers at attractive premium rates and also provides a range of benefits. LIC is one of the leading insurance firms in India and has a pan-India presence. The insurer has also recorded a high claim settlement ratio of 98.33%, for FY 2015-2016.
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