LIC introduces Index Plus, a unit-linked life insurance plan offering savings and life cover. Learn about guaranteed additions, partial withdrawals, and policy features.
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Feb 5 (PTI) Life Insurance Corporation of India (LIC) on Monday announced the launch of unit linked, regular premium, individual life insurance plan Index Plus.
The plan offers life insurance cover-cum-savings throughout the term of the policy, LIC said in a statement.
"Guaranteed additions as a percentage of annualised premium shall be added to the unit fund on completion of specific duration of policy years under an in-force policy and shall be utilised to purchase units," it said.
There is an option to partially withdraw the units at any time after the five-year lock-in period subject to conditions, it said.
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