Yes having served the great Life Insurance Corporation of India for more than four decades in different positions and places, I have adopted LIC as my Alma Mater where I learnt the art and Science of Life and Living! Still continue learning!
Though out of the Organization for more than sixteen years, I deem it a great pride and privilege to keep track of the happenings in my Alma Mater. In that way any policy holder known or unknown approaches me for any of his requirements, I ensure that I contact the concerned office of the Corporation and get his problems sorted out-LIC is such a great sensitive, responsive and responsible organization that I am able to be of help to those who approach me. I happily recollect the response of LIC Housing Finance Limited Chennai and Bangalore I Divisional Office to help my unseen friends from India now in US and Canada!
I have posted in this Blog ENVIUS THOUGHTS several on my Alma Mater-poems and Sunday stories. In fact the first post of my Blog on 28th February 2015 was on LIC-captioned “MY TRYST WITH LIC”!
It was on first September I posted MY SWEETEST SONG –recollecting all my sweetest songs of Insurance Week Celebrations.
God’s ways are wonderful! On sixth September morning I had a pleasant call from my former Erode colleague three decades ago, who is at present in charge of Alandur Branch in Chennai as Chief Manager. After discussing my availability, he invited me to launch the newly introduced product called “LIC’s JEEVAN UTKARSH” in his office, on the sixth day event of the Insurance Week Celebrations 2017. It is a few years since I stepped into any LIC office and I was too happy to avail the opportunity and I had been to Alandhur Branch for the first time!. In a beautifully organized function well attended by the policyholders, field force and all employees, it was indeed quite heartwarming and I enjoyed every minute of my stay there.
Second from the right is the Blogger and the first is Mr. VN Murugesan, Chief Manager.
Here is a general description of the new product. For detailed discussion any one can approach the dynamic members of the marketing force anywhere in the country and very sensitive and responsive offices of the Corporation. .
LIC’s JEEVAN UTKARSH is a close ended scheme for 270days from 6th September 2017.
It is a non-linked, with profits, saving –cum- Protection plan.
This is a SINGLE PREMIUM plan
Limited period offer.
10 times life insurance cover of the invested amount.
Period of 5/10/15 years available.
Assignment/nomination facility available.
Income Tax benefit under section 80-c and 10 (10-D)of Income Tax Act allowed.
Maturity benefit: Basic Sum Assured and Loyalty Addition.
Risk cover Benefits:
First Five years: Sum Assured on death (9equal to 10 times of the tabular Single Premium.
After 5 years: Sum Assured on Death along with Loyalty addition.
Accident Death and Disability benefits available.
Loan can be availed after three months upto 90 % of the Surrender value.
Surrender value is calculated as 70% of premium in the first year and 90% thereafter.
One can join the scheme on completion of six years and before the completion of 47 years.
It is a single premium policy and the minimum is fixed at Rs75000 and there is no maximum limit.
For greater clarifications or details, the Corporation may be contacted.
Any Insurance Company anywhere in the world periodically introduce new products and the LIC is cannot be an exemption! For reference a plan number is allotted and it is 846 for this plan!
My intention of this post is just to say some details of the new product and by no means it is exhaustive or comprehensive.
WE PAY ONCE AND GET PROSPERITY WITH SECURITY!
Thus this year in a way I participated in the Insurance Week Celebrations which will be yet another sweetest song that I will be relishing in the rest of my life!
N V Subbaraman addressing the gathering
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N V Subbaraman