24/05/2012
LIC launched a Jeevan Vriddhi Plan No 808 on 1st March'12. A close ended plan for a maximum period of 120 days & RETURN IS TAX FREE.
•Age at entry : 8 Years to 50 Years
•Policy Term : 10 Years
•Premium Mode : Single
•Premium : Min Rs. 30000/- Max : No Limit (in multiples of Rs. 1000/-)
•Sum Assured : 150000/- to No Upper Limit
Non-linked Life Insurance Plan
•Security - 5 times of single premium as risk cover
•Growth - Guaranteed maturity SA + Loyalty Addn*
•Convenience - One - time payment only
•Liquidity - Loan available after just 1 year
•Income Tax - Income tax rebate under section 80C**
http://www.elitestock.com/Download/Jeevan%20Vriddhi%20-%20ET%20Article.pdf
(Link for Economic Times:Investor's Guide Article-Get Jeevan Cover and Higher 'Vriddhi' in Maturity Gains. Covering comparison between LIC - Jeevan Vriddhi & FDs)