KATHMANDU: Newly released plan Dhan Bristi of LIC Nepal has done historic performance on the initial day itself.
The company was able to sell 5,122 policies and thus bringing Rs 85 million premium on the first day. The company had set itself a target of 5,000, which had never been achieved by any product, as per a press statement. Altogether 746 agents across Nepal had sold the new product on the first day itself. Dhan Bristi is a cash back plan where part of sum assured is paid back once every three years.
The plan has two terms, 10 years and 15 years. Though money is paid back in between, the life risk coverage does not reduce and bonus is also calculated on full sum assured. Persons in age group of 13 to 60 can opt for this plan.
A version of this article appears in print on April 19, 2019 of The Himalayan Times.