Current Affairs

LIC launched ‘Jeevan Amar’

Current context: Life Insurance Corporation (LIC) has launched ‘Jeevan Amar’, a life term insurance plan.
LIC launched ‘Jeevan Amar’
  • The plan provides two death cover options, the first is the level sum assured insurance in which death benefit remains the same throughout the term of the policy.
  • The second one is increasing sum assured in which the death benefit first increases after 5 years than after 10 years and then 15 years or till the end of the policy term.
  • The plan offers policy term from 10 years to maximum 40 years, with a maximum age of maturity at 80 years and is available for the 18-65 age group.
  • The plan offers lower premium rates for women and additional concessional benefit for the rider. Also premium for smokers will be more than non-smokers.
  • The policyholder has the flexibility to decide that the nominee would receive the money in a lump sum or in instalments.

Question: 

Q.1 Which of the following has launched the life term insurance plan ‘Jeevan Amar’?
a. HDFC Life
b. Birla Sun Life Insurance
c. Life Insurance Corporation (LIC)
d. SBI Life Insurance Company
LIC launched ‘Jeevan Amar’ LIC launched ‘Jeevan Amar’ Reviewed by Neha Verma on August 07, 2019 Rating: 5

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