Sunday, Mar 06, 2005
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By Our Staff Correspondent
CHENNAI, MARCH 5. The Life Insurance Corporation of India has launched a new product, Future Plus, combining investment, insurance and pension. The corporation has sold 9,031 policies for a premium of Rs. 17.78 crores on the first day of its launch on Friday. The plan offers flexibility at the entry, during the term of the policy and at the exit stages. The entry age is between 18 and 65. A policyholder can pay the premium either as a single premium or regularly pay on a yearly / half-yearly basis. The minimum amount for a single premium mode is Rs. 10,000 and for a regular mode Rs. 5,000 for yearly and Rs. 2,500 for half-yearly.
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