LIC Launches Single Premium Group Micro Term Insurance Plan
On October 7, 2024, Life Insurance Corporation of India (LIC) introduced a new insurance offering, the Single Premium Group Micro Term Insurance Plan. This plan is designed as a non-participating, non-linked, group, pure risk, micro life insurance product. It specifically targets financial institutions like microfinance entities, co-operative societies, self-help groups, NGOs, and other unorganised and … Read more