LIC Nomura Mutual Fund announced that it will offer additional benefits under its Unit Linked Insurance Scheme (ULIS).
This is an open ended tax saving scheme which will offer benefits of life insurance and seeks to provide long term capital appreciation along with tax benefits.
Few of the multiple benefits offered under the scheme include life cover upto Rs 15 lakhs and free accident cover upto 1 lakh. It also offers a bonus of 7.5% for 10 year term and 10 per cent for 15 years term. One can opt for a SIP facility or also make a lumpsum investment under this product.