New Delhi, Mar 9 (ANI/Business Wire India); After receiving an overwhelming response by selling 'Jeevan Astha' online at www.policybazaar.com, Life Insurance Corporation of India (LIC) extends its partnership to yet another policy 'Jeevan Varsha'. It can be bought online only at www.policybazaar.com. The policy would be open for sale till March 31.
Policybazaar.com, India's one of the leading online non-life and life insurance aggregator tie-up with LIC provides a platform to sell their products "Jeevan Varsha" on the Internet. LIC ties-up with an insurance portal will also enable the consumers to get detailed information on the Policy "Jeevan Varsha" and buy it online on Policybazaar.com.
LIC's new plan, 'Jeevan Varsha' is a regular premium plan where all modes such as yearly, half-yearly and monthly are allowed and any person who has completed 15 years of age can buy this policy.
The minimum sum assured for the monthly mode is Rs. 75,000, while it is Rs. 50,000 for other modes. Jeevan Varsha is lower than 'Jeevan Aastha', the internal rate of return will be similar to it, taking into consideration all the factors. The policy would offer Rs. 65 per Rs 1,000 sum assured and Rs. 70 for a 12-year term. The money-back plan has two policy terms - 9 years and 12 years - with the premium-paying term restricted to only nine years. It's a product, which gives you the tax benefits of 80C and 1010D, but in addition, has a clear floor in terms of a 7 per cent simple return on investment over 12 years.
Speaking on this initiative, Yashish Dahiya Co-founder and CEO, Etechaces Marketing and Consulting Pvt. Ltd. said "After getting a very good response from 'Jeevan Astha' we are trying to deliver the best for 'Jeevan Varsha' to our consumers as well as the client. We are always striving to get the best products to our customers to provide the best deals easily through Internet, and we are also very proud of our association with a trusted brand like LIC."
To make a purchase, the customer logs in with a need in mind and by using a highly interactive and intuitive tabbed browsing interface, the customer can access hundreds of options and combinations. Once a simple on-line application form is filled, the site offers the best options for the policy needed. The customer is then free to finalise and close the deal, which he thinks is best suited for his needs.
Policybazaar.com is India's leading online non-life and life insurance aggregator. Policybazaar.com enables the customer to compare insurance products from leading insurance companies on the basis of their quality and price, and empowers the consumer to purchase the best suited insurance plan for their unique needs. (ANI)
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