New Delhi, Oct 13 (PTI) Life Insurance Corporation of India on Tuesday launched three new plans — New Jeevan Dhara–II, Health Shield and Cancer Cover plan.
New Jeevan Dhara –II is a non-par, non-linked, individual, savings, deferred annuity plan that provides financial independence with guaranteed income after retirement, LIC said in a statement.
Health Shield plan offers comprehensive health coverage for the entire family, and premiums are guaranteed throughout the policy term.
It provides a fixed “Daily Hospital Cash Benefit” during hospitalisation and offers lump-sum payouts for major surgeries and critical illnesses, it said.
As regards its New Cancer Cover, LIC said it provides fixed financial benefits upon diagnosis of specified Early and
Major Stage Cancer irrespective of the actual treatment cost incurred by the insured.
Minimum Basic Sum Assured ranges from Rs 15,00,000 to 35,00,000 depending on the applicable age criteria, it said, adding that the maximum sum assured is Rs 50,00,000, taking into account all the existing policies under the plan. PTI DP DP BAL
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