LIC Nomura MF launches auto premium payment system

MF investors will have facility of paying their premium on time without any hassles

LIC Nomura mutual fund today launched 'Auto Premium Payment System' in collaboration with LIC of India for investors to ensure timely payment of their LIC premiums.

Under thus scheme, first of its kind in the country, mutual fund investors will have a facility of paying their premium on time without any hassles.

Through this system the premium amount of the investor will be remitted to LIC by LIC Nomura MF out of the investors fund.

The investor has to invest in any of the three schemes - LIC Nomura MF liquid fund, LIC Nomura MF Savings plus fund and LIC Nomura MF income plus fund.

In a statement LIC Nomura Mf, said,"Investing in these schemes will be beneficial as they give higher returns than the interest on savings bank account, with the additional facility of easy liquidity whenever need arises."