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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Suicide abetment case: Accused who assaulted Latur man, called him Pakistani still at large
Chhatrapati Sambhajinagar (PTI): Police teams have been formed to apprehend the man who allegedly called a Latur resident "Pakistani" and assaulted him, an official said on Monday.
Amir Gafur Pathan (30), a resident of Latur city in central Maharashtra, allegedly hanged himself on the evening of May 4. His wife claimed that an unidentified person had accused him of being "Pakistani" and assaulted him a day before the incident.
Based on a complaint, the police have registered a case of abetment to suicide and criminal intimidation under the Bharatiya Nyaya Sanhita, the official said.
"We are searching for the accused, and the police have sent teams to apprehend him," he said.
The deceased man's wife, Samrin Amir Pathan, who works as a deputy manager with a private bank in neighbouring Dharashiv, has stated in her complaint that he usually picked her up on a scooter when she returned by bus in the evening.
On May 3, when she got down in Latur city and called her husband, she overheard Pathan pleading with someone, asking the other person not to hit him.
Later, she found Pathan at Samvidhan Chowk with his shirt torn, she said in the complaint.
He told her that while he was waiting for her, an unknown person alighted a car, accused him of being from Kashmir and Pakistan, and assaulted him, the woman said.
The assailant claimed to be a journalist and threatened to make her husband's photos and videos viral on social media while labelling him as a Pakistani national, the woman further claimed.
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