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LIC Nomura relaunches insurance-linked scheme


LIC Nomura has re-launched its open-ended tax-saving scheme — Unit Linked Insurance Scheme — with additional benefits such as no exit load, free accident cover and maturity addition benefit of 2.5 to 10 per cent of target amount, among others.

“This is the right time to re-launch this product as investors would be looking at tax relief under section 80C,” said Nilesh Sathe, Director and CEO of LIC Nomura Mutual Fund.
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