Policy holders will have options to choose from any of the four funds — bond fund, secured fund, balance fund and growth fund
Life Insurance Corporation of India
Nagpur: State-run insurer Life Insurance Corporation of India will launch its maiden Ulip product across the country on Wednesday.
Endowment Plus, a unit linked insurance plan (Ulip) will offer investment-cum-insurance during the term policy and provide due benefit of risk cover and benefits of investment markets, LIC senior divisional manager, Nagpur, R. Chander said.
Policy holders will have options to choose from any of the four funds — bond fund, secured fund, balance fund and growth fund — and also with added conveniences of switching between these funds, he added.
Within a given policy year, four switches will be allowed free of charge, Mr Chander said while addressing a press conference here on Tuesday.
( Source : PTI )
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