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LIC introduces savings life insurance plan
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State-owned Life Insurance Corporation of India (LIC) on Monday introduced a non-linked, non-participating, individual savings life insurance plan.
The insurer added that there are special premium rates for female lives and the plan is allowed to the third gender.
The plan, Dhan Rekha, provides a percentage of the basic sum assured as survival benefit at regular intervals starting from the end of the premium-paying term, provided that the policy is in force, the insurer said in a statement.
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