LIC India Bouns updates

Sept. 4, 2011 - PRLog -- “The bonus rates have gone up after a gap of two years. We will be providing higher bonus rates under seven plans like Jeevan Anand, Jeevan Tarang, Jeevan Madhur, Child Future Plan, Jeevan Shree I, Jeevan Bharti I and Jeevan Pramukh. This apart, we have also brought in seven other plans under loyalty additions,” a LIC spokesperson told reporters.


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For the rest of the schemes, there is no change in the bonus rates. Last year the bonus payout of LIC stood at Rs 19,557 crore. In a bid to arrest the slide in its premium collection, LIC is planning to come up with new products, both under the unit-linked and traditional portfolios.

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LIC is also looking to generate five per cent of its new business income from the bancassurance channel. The corporation has tie-ups with more than 20 banks for selling insurance products, and the bancassurance channel accounted for 1.5 per cent of the first-year premium collection.

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Tarun Bansal is an Individual life insurance agent working for India's largest life insurance provider LIC of India. offering suitable life insurance plans as per your immiduate and future requirements.