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LIC Launches Two New Insurance Plans

India’s largest insurer, the Life Insurance Corporation (LIC) launched two new policies, including a unit linked insurance plan on Jan. 1, 2013.

Flexi Plus, a unit linked insurance product, not only provides a lump sum benefit on death but also the maturity benefit, irrespective of survival of the policyholder.

The other scheme called New Jeevan Nidhi is a conventional product with profit pension plan, which provides for death cover during deferment period and offers annuity on survival to the date of vesting.

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