Life Insurance corporation of India, on 19/08/2015, Wednesday, launching the ULIP plan after a gap of 20 months. It is the first of its kind from LIC after December, 2013. This plan, new Endowment plus, offers investment-cum-insurance during the term of the policy. Plan for your kids education or marriage with this plan. Policyholder has the option to choose anyone from below 4 funds to invest premiums initially and at the time of switching: Fund Type Investment in Government / Government Guaranteed Securities / Corporate Debt Short- term investments such as money market instruments Investment in Listed Equity Shares Details and objective of the fund for risk /return Bond Fund Not less than 60% Fund Not more than 40% Nil Low Risk Secured Fund Not less than 45% Not more than 40% Not less than 15% & Not more than 55% Steady Income -Lower to Medium risk Balanced Fund Not less than 30% Not more than 40% Not less than 30% & Not more than 70% Balanced Income and growth...
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