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LIC launches 'unit linked pension plan' age between 18 to 70

Written by: Staff

Hyderabad, Jul 4 (UNI) Life Insurance Corporation of India (LIC) today launched 'Unit Linked Pension Plan - Market Plus' which combines investment and pension benefit with the option of insurance cover during the term of the policy.

According to a press release here the plan would be available to individuals aged between 18 and 70 years. The minimum premium was Rs 5000 under regular modes and Rs 10,000 under single premium. There was no upper age limit as maximum premium was dependent upon the financial standing of the proposer.

The minimum period after which the pension started was five years from the date of commencement (DOC) of policy or 40 years of age of proposer some areas was later, the release added.


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