LIC introduces new scheme – Dhan Vridhi
LIC's Dhan Vridhi plan provides financial assistance to the family in the event of an unfortunate death of the life assured during the policy term.
LIC's Dhan Vridhi plan provides financial assistance to the family in the event of an unfortunate death of the life assured during the policy term.
"For further assistance the claimants may contact nearest Branch/Division/Customer Zones. The claimants may also call at our call centre - 02268276827," the LIC said in the statement.
The plan also offers a fixed Life Cover Benefit (Sum Assured) to each member. Any employer willing to fund for their Employees’ Benefit may adopt the scheme.
Prior to initiating the Swiss Challenge process, LIC had received a binding bid from ACRE SSG, Singapore, which offered 27 cents for each dollar, resulting in a 73 per cent haircut for LIC.
LICs recent move to sell its Rs 3,400 crore secured principal debt in the Reliance Capital (RCAP), which too barely less than two weeks ahead of the binding bids submission deadline, has upset the RCAP lenders and bidders.
According to Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), the IPO plan is on course.
