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.
This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.
*The customer reviews/feedback/opinions expressed on this website are solely of their authors and do not reflect, in any way, the view of BankBazaar Insurance.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.