Business News This Week
The largest life insurer of India, Life Insurance Corporate (LIC) launched a new micro-insurance scheme ‘Bhagya Laxmi’ on Monday at Bhubaneswar zone office.
Customers can get more insurance by paying lower premium in the new scheme ‘Bhagya Laxmi’.
People in the age group of 18-55 can take the insurance. As per the new scheme, the minimum sum assured will be Rs 20,000 while maximum sum assured would be Rs 90,000. In case of death, the company would return the full sum assured as per the policy document.
And the premium paying term will vary from 5-13 year in the new scheme ‘Bhagya Laxmi’.
This micro insurance scheme would be very useful for the lower income groups and the people those want to save little amount.
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