The Life Insurance Corporation of India (LIC) launched ‘Jeevan Sugam’, a new non-linked single premium plan here on Monday. The new plan, which is available for a limited period, is a conventional close-ended plan. The plan provides a risk cove…

Life insurance is not investment. Its only objective is to compensate the loss of income arising out of the death of the breadwinner of a family. If he does not die during its term, the life insurance policy offers no benefit and, crucially, has no …