Current Affairs · Government Insurance Schemes
Consider the following statements about LIC's newly launched plans in July 2025: Nav Jeevan Shree and Nav Jeevan Shree Single Premium: 1. Both plans allow entry from a minimum age of 30 days to a maximum age of 60 years; maturity is allowed from 18 years to a maximum age of 75 years. 2. Nav Jeevan Shree (Plan 912) offers premium payment terms of 6, 8, 10, or 12 years and a minimum sum assured of Rs 5 lakh, with no upper limit subject to the underwriting policy. 3. Nav Jeevan Shree Single Premium pays out variable returns depending on share market performance and has a mandatory lock-in period of 15 years. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 3
- 2Both 2 and 3
- 3Only 1
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
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