After the success of Jeevan Astha, a well-thought insurance scheme, the state run Insurance major Life Insurance Corporation of India (LIC) on Saturday launched yet another money back plan, Jeevan Varsha, a close ended guaranteed addition money back policy.
The plan, that offers survival benefits for every three years, is going to start from February 16 and close on March 31 with two policy terms of 9 years and 12 years. LIC Zonal Manager (East) R. R. Dash expects good response to the plan and said that LIC has set a target to earn Rs 1,500 crore premium from the new policy.