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Andhra Pradesh
LIC's new policy likely to fetch Rs. 1,000 crores
By Our Special Correspondent
TIRUPATI. March 28. The Life Insurance Corporation (LIC)'s Market Investment Oriented Pension Plan— `Future Plus' launched only in the first week of this month has already mopped up Rs. 250 crores of premium and the market leader-- LIC is expected to net as much as Rs. 1,000 crores through this product alone.
According to T. Chattopadhyay, South-Central Zonal Manager of the corporation who was here on an official visit to the local branches of the LIC and its Sales Training Centre (STC) said that the Future Plus policy provided for growth through market investments of premium and a pension to the policy holder besides add-on provisions like accident benefit, critical illness riders on appropriate premium and satisfying the prescribed conditions.
The zonal manager felicitated on the occasion Branch Managers and Assistant Branch Managers of the Tirupati-I and the Giddalur branches for their achievement of premium income budget far ahead of the closing of the financial year. The Deputy Zonal Manager and the Principal of the STC, S.V. Ramanaraju, K.S. Murthy, SDM, were present.
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