Srinagar, Dec 4: CEO & MD, Life Insurance Corporation of India, R Doraiswamy launched two new plans, LIC’s Protection Plus and LIC’s Bima Kavach LIC’s Protection Plus LIC’s Protection Plus is a Non Par, Linked, Life, Individual, Savings Plan which offers life insurance cover cum savings throughout the term of the policy.

Besides providing life insurance cover, it offers flexibility to choose the type of investment fund, increase/ decrease the Sum Assured and pay “top-up” premiums. Partial withdrawal is allowed after 5 years from the date of commencement.

Under this plan the proposer can choose the amount of premium he/she desires to pay based on which, the Basic Sum Assured will be decided. The Base premium can be paid as Regular Pay or Limited Pay.

A few plan parameters: Minimum Age at

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