LIC launches Jeevan Shiromani plan for HNIs

MUMBAI: State-owned Life Insurance Corporation (LIC) today launched 'LIC's Jeevan Shiromani', a non-linked, with profit, limited premium payment money back life insurance plan especially designed for the high net-worth individuals segment.

According to LIC statement, minimum basic sum assured under the plan is Rs 1 crore with no upper limit.

The plan is available for ages from 18 to 55 years. It provides for financial support for the family not only in case of death of life assured during the policy term but also provides for payment of a lump sum amount on diagnosis of any of the specified critical illnesses.