LIC of India introduces LIC’s Bima Ratna (Plan 864)
Press Release - Life Insurance Corporation of India introduced a new plan Bima Ratna with effect from 27.05.2022 which is Non Linked, Non-participating, Individual, Savings Life Insurance Plan which offers a combination of protection and savings. It is a Limited Premium paying, Money Back Plan with Guaranteed Additions.
The plan is available for a term of 15, 20 and 25 years. Premium Paying term is 4 years less than Policy term. Plan provides 25% of Basic Sum Assured as Survival Benefit at the end of each year for the last two years of policy term (T-2 & T-1) , provided the policy is in force and on maturity balance 50% of Sum Assured is payable along with Guaranteed Additions. The Guaranteed Additions shall increase in steps with the duration of the policy. The plan provides financial support for the family in case of unfortunate death of the Life Assured during the term of the policy after the commencement of risk. The Sum Assured on Death is higher of the 125% of Basic Sum Assured or 7 times of annualized premium and shall not be less than 105% of total premiums paid excluding Taxes, any extra premium and premium paid for riders.
The plan also takes care of liquidity needs through loan facility. Optional riders are available under this plan on payment of additional premium subject to conditions. Settlement option is available to receive maturity/death benefit in instalments over a period of 5 years instead of lump sum under an inforce as well as paid up policy.
The minimum Sum Assured under this plan is Rs.5 lakhs and can be increased on multiples of Rs.25000/-. There is no limit for maximum Sum Assured. The minimum age at entry ranges from 90 days to 5 years depending upon chosen Policy term. The plan is available for purchase only through LIC’s Corporate Agents (including Banks), Insurance Marketing Firms (IMF), Brokers, CPSC-SPV and POSP-LIs engaged by these intermediaries.
Dated at Mumbai on 2 7 t h M a y 2 0 2 2 .
For Further Information please contact: Executive Director (CC)
LIC of India, Central Office, Mumbai. Email id:ed_cc@licindia.com
Visit us at www.licindia.in
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Nagaland Guv La Ganesan passes away at 80
Kohima, Aug 15 (PTI): Nagaland Governor La Ganesan died on Friday while undergoing treatment at a private hospital in Chennai, a Raj Bhavan official said.
He was 80.
Prime Minister Narendra Modi mourned Ganesan's demise, and remembered him as a devout nationalist who dedicated his life to service and nation-building.
"He worked hard to expand the BJP across Tamil Nadu. He was deeply passionate about Tamil culture too. My thoughts are with his family and admirers. Om Shanti," Modi said in an X post.
Ganesan, who was undergoing treatment at the ICU of the hospital for the last few days, died on Friday night, a Raj Bhavan spokesperson said.
On August 8, Ganesan had collapsed at his home in Chennai and sustained a head injury, sources said.
He was immediately rushed to the hospital, where doctors admitted him to the ICU to undergo intensive monitoring and treatment.
Ganesan was appointed the 21st Governor of Nagaland on February 12, 2023. He assumed office on February 20 that year.
Former Manipur chief minister N Biren Singh condoled the death of the Nagaland Governor.
"Deeply saddened by the passing of Shri La Ganesan Ji, Hon'ble Governor of Nagaland and former Governor of Manipur. He will be remembered for his sincere commitment to the welfare of our state and his devoted service to the nation. My heartfelt condolences to his family and loved ones in this moment of grief. May his soul rest in eternal peace," he said in an X post.
"Even in the midst of serious matters, he always brought ease with his gentle humour and warmth, a memory I will always cherish," Singh added.
Former BJP MP Rajkumar Ranjan Singh also expressed shock over Ganesan's demise.
"I personally feel shocked at the sudden demise of Shri La Ganesan ji, the former Hon'ble Governor of Manipur and the present Governor of Nagaland today at Chennai. I pray to Gods for a peaceful journey of the departed soul to his heavenly abode. OM SHANTI," he posted on X.
Pained by the passing of Nagaland Governor Thiru La. Ganesan Ji. He will be remembered as a devout nationalist, who dedicated his life to service and nation-building. He worked hard to expand the BJP across Tamil Nadu. He was deeply passionate about Tamil culture too. My thoughts… pic.twitter.com/E1VXtsKul3
— Narendra Modi (@narendramodi) August 15, 2025
