LIC of India introduces new plan LIC’s Jeevan Kiran
(Press Release): Life Insurance Corporation of India (LIC) has recently introduced a new plan called LIC's Jeevan Kiran (Plan No. 870), effective from July 27, 2023. This individual, savings-oriented life insurance plan offers life cover with a return of premium, making it an attractive option for those seeking high life coverage at a reasonable cost.
The plan is available for individuals aged 18 to 65 years, with a minimum sum assured of Rs. 15 lakhs for moderate life cover. Policyholders can choose a policy term ranging from 10 to 40 years, and the premium rates differ for smokers and non-smokers.
Premium payment options include single premium or regular premium payable for the policy term. Rebates on tabular premium are available for sum assured amounts exceeding Rs. 50 lakhs. The minimum installment premium is set at Rs. 3000 for regular premium policies and Rs. 30,000 for single premium policies.
On maturity, if the policyholder survives till the maturity date and the policy is in force, the plan allows for a refund of total premiums paid (excluding any extra premium, rider premium, and taxes paid). In the event of the policyholder's death during the policy term, the "Sum Assured on Death" will be payable, which will be the higher of 7 times the annualized premium or 105% of the total premium paid up to the date of death or the basic sum assured for regular premium payment policies. For single premium policies, it will be the higher of 125% of the single premium or the basic sum assured.
Optional riders, such as the Accidental Death & Disability Benefit Rider and Accident Benefit Rider, are available for an additional premium. The plan also offers a settlement option, allowing the maturity or death benefit to be received over a period of 5 years.
LIC's Jeevan Kiran plan can be purchased online through the LIC website (www.licindia.in) or offline through agents, corporate agents, brokers, and Insurance Marketing Firms (IMF). It is a non-linked and non-participating plan, providing policyholders with a comprehensive and flexible life insurance solution.
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Akash Singh says signature celebration fuels motivation, reinforces dominance
Lucknow (PTI): Pacer Akash Singh caught the eye with his unique celebration during Lucknow Super Giants' win over Chennai Super Kings, pulling out a piece of paper from his pocket after a wicket, a gesture he said was aimed at "motivating" himself and "asserting dominance" over batters.
The left-arm pacer pulled out a scrappy piece of paper after each of the three wickets he took in LSG seven-wicket win over CSK, with the message reading: "Akki on fire -- Akash knows how to take wickets in T20 cricket.
The 24-year-old, who began his IPL journey with Rajasthan Royals and was part of Chennai Super Kings’ title-winning campaign in 2023 before moving to Lucknow Super Giants, registered his best IPL figures with 3 for 26 on Friday.
"'Akki knows how to take wickets in T20 cricket', right?" Akash said when asked about the message on the piece of paper, adding that it serves as a source of motivation and helps him focus on dominating batters and delivering stronger performances for the team.
"Different things motivate different people. Some days I show the paper, some days I don't, but it reflects my mindset on that particular day. When you carry a piece of paper with something written on it, you manifest things and the most important part is when those manifestations actually materialise," he added.
Akash, who hails from Bharatpur in Rajasthan, said the strong backing from the Lucknow Super Giants support staff over the last two years had played a huge role in his growth as a cricketer.
"I've been with LSG for two years and the most important thing has been the backing from the coaches, even when I'm not in the playing XI. This year we have Bharat Arun sir, last year Zaheer sir was there...Tom Moody. The way they guide us, prepare us and keep us ready for opportunities is very important when there are 25 players in the squad," he said.
"When you are not playing, you naturally seek backing and every player wants to make the most of the opportunities he gets. The support from the captain also matters a lot and with Rishabh bhaiya backing you, the confidence grows and you are able to perform better," Akash said, referring to Rishabh Pant.
Akash said Pant had asked him to trust his strengths ahead of the clash against CSK.
"He told me that the new ball is my strength and that I can swing it both ways. So I just tried to make the best use of my skills. The wicket also had good bounce, so I focused on using the bouncer effectively,” added Akash.
On his success against CSK, Akash said his experience of playing in the IPL since 2020, including a stint with CSK, helped him understand the opposition batters better, while backing his own strengths with the ball also played a key role in his impressive spell.
"Obviously, when you play in the IPL and have shared the dressing room with some players, you understand their strengths and weaknesses. My focus was first to back my own strengths, then exploit their weaknesses and also make the best use of what the wicket was offering," Akash said.
Akash said he had sensed over the last two-three games that an opportunity could come his way after being repeatedly told to "be ready", though he admitted he was unfortunate not to get a chance earlier.
"Two days before the match, during practice, I was told to be ready," he said.
Clarifying that he had not been carrying the piece of paper in anticipation, Akash said he often notes down thoughts that could help improve his game..
"Whenever I’m alone or about to sleep, any thought that comes to my mind which can help my cricket, I write it down. The other night I got this thought and jotted it down on paper," he added.
