Which of the following insurance corporation has recently launched a new ‘Bima Jyoti’ plan Which provides guaranteed lumpsum payment at maturity and financial support to the family?

A. Aditya Birla Sun Life Insurance Company

B. Bharti AXA Life Insurance Company

C. Life Insurance Corporation

D. IndiaFirst Life Insurance Company

Explanation:

Life Insurance Corporation (LIC) of India has introduced ‘Bima Jyoti’ plan a non-linked, non-participating, individual savings plan, which offers a combination of protection and savings. This plan provides guaranteed lumpsum payment at maturity and financial support to the family in case of the unfortunate death of the policyholder during policy term. Guaranteed Additions at the rate of Rs.50 per thousand Basic Sum Assured will be added to the policy at the end of each policy year.