Life Insurance Corporation

Insurance FDI To Hit 49%

Within an hour of the Government Trust Vote held in the month of July this year, business reporters stormed the Finance Minister and bombarded him with umpteen questions. Before rushing off to his waiting car the Finance Minister highlighted the need to approve three important finance laws. One of them which has been on the backburner since the first year of the present government is the Insurance Laws Bill. Insurance sector wise, the immediate priority for the Finance department is to table the amendments to this bill which will raise FDI (Foreign Direct Investment) in the Indian Insurance sector to 49%.

Review of LIC Health Plus - It's reasonably healthy

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By Vipin Agnihotri

Life Insurance Corporation, with its big data bank has come up with a health related unit linked policy, Health Plus, that gives you number of advantages. Even better, it is reasonably priced. It is worth mentioning in this regard that Health Plus offers a lump sum payment in case if the policyholder has to undergo surgery for critical diseases. Furthermore, the sum assured is capped at Rs 5 lakh.

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