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Today General Knowledge(GK)
“Jeevan Aastha” –– a scheme relating to investment and saving, was launched during 2008– 09, by
A)
LIC
B)
Bajaj Allianz
C)
Tata AIG
D)
ICICI Prudential

Correct Answer : Option (A) - LIC



Jeevan Aastha policy of Life Insurance Corporation of India is a single premium assurance plan which offers guaranteed benefits on death and maturity. The plan has a maximum shelf life of 45 days and offers five and ten year maturities to customers. The scheme has fixed the minimum age at entry as 13 years which would enable parents to make provisions for higher education of their children. Similarly, the maximum age at entry has been fixed as 60 years. The plan offers guaranteed addition of Rs100 for every thousand of maturity sum assured for 10 years term and Rs90 per annum for policies with five year term. The policy holder can also avail the benefits of tax exemption and has the options of surrendering the policy or to raise loan under the policy.

Published On : June 26, 2021
Category : Indian Economy
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