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LIC launches single-premium life insurance plan

The announcement follows a dramatic day that saw confusion prevail over numbers.

Ford at the Delhi Auto Expo in January, 2012
Ford at the Delhi Auto Expo in January, 2012
The Life Insurance Corporation of India (LIC) on Thursday launched a new plan ’Jeevan Vriddhi’, a single premium, non-linked insurance plan. The 10-year term plan offers a risk cover equivalent to five times the premium, with guaranteed returns at maturity.
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