LIC launches two non linked plans

Mumbai, Feb 2 (PTI) Life Insurance Corporation today saidit has launched two new non linked plans -- Bima Account I andBima Account II.

These are the first Variable Insurance Plans under thenew IRDA regime, LIC said in a statement here.

The plans are very simple, ensure liquidity for thecustomer, have guaranteed minimum returns, transparent chargesand provide ample risk cover, it said.

Moreover, in Bima Account I there is no requirement ofundergoing medical examination.

The entry age for the Bima Account I is from 11 years to50 years while it is 8 years to 60 years for Bima AccountII.

The minimum premium is Rs 600 per month under ECS modefor Bima Account I, while it is Rs 1,250 under Bima AccountII, it said adding that the minimum yearly premium for BimaAccount I is Rs 7,000; and Rs 15,000 for Bima Account II. PTISMKRK