Question
Which insurance corporation has introduced the “Jeevan
Azad Plan', a policy designed to provide financial assistance to the family in the event of the unfortunate demise of the life assured within the policy duration?Solution
The Life Insurance Corporation of India (LIC) has launched LIC Jeevan Azad Plan. It is a limited period premium payment plan that offers financial support for the family in case of unfortunate death of the life assured during the policy term. If the LIC policyholder survives the maturity term, then the plan offers a guaranteed base sum-assured amount.
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