LIC is Launching New LIC's Jeevan Saathi Plus ULIP Insurance (Plan No 197)

LIC is Launching New Jeevan Saathi Plus ULIP Scheme.
LIC's Jeevan Saathi Plus (Plan 197): This is a unit linked Joint Life plan wherein a couple can take insurance cover on their lives under a single policy. The proposer under this plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.).
Benefits:
· Custom Individual Risk Cover: Option to choose separate amount of risk cover for your self & your spouse· Combined Risk Cover up to 30 times of the annualized premium can be opted.· Premium payment modes: Single, Yearly, Half yearly, Quarterly or Monthly (ECS).· Top-up premium option available.· Choose your investment risk by investing in any of the 4 funds - BOND, SECURED, BALANCED or GROWTH· 4 FREE fund switches in a year & there after with nominal charges.· Liquidity: Partial Withdrawal option available.· Premium Waiver Benefit: In event of Proposer's (PLA) death, future premiums are waived & an amount equal to all future premiums is added to fund.· Auto Cover option available after 3 years· Settlement option: Maturity benefit can be taken in lump sum or in installments (Half-yearly or Yearly).
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