<p>Life Insurance Corporation has introduced a new plan which is a non-linked, non-participating, individual, savings plan offering a combination of protection and savings.</p>.<p>Bima Jyoti provides a guaranteed lumpsum payment on maturity and financial support to the family in case of untimely death of the policyholder during the policy-term.</p>.<p>Guaranteed additions at the rate of Rs 50 per thousand basic sum assured will be added to the policy at the end of each policy year.</p>.<p>The minimum basic sum assured is Rs 1 lakh with no upper limit and the policy can be taken for 15 to 20 years by a 90-day-old child to those under 60, LIC said.</p>
<p>Life Insurance Corporation has introduced a new plan which is a non-linked, non-participating, individual, savings plan offering a combination of protection and savings.</p>.<p>Bima Jyoti provides a guaranteed lumpsum payment on maturity and financial support to the family in case of untimely death of the policyholder during the policy-term.</p>.<p>Guaranteed additions at the rate of Rs 50 per thousand basic sum assured will be added to the policy at the end of each policy year.</p>.<p>The minimum basic sum assured is Rs 1 lakh with no upper limit and the policy can be taken for 15 to 20 years by a 90-day-old child to those under 60, LIC said.</p>