mumbai oriental insurance company on thursday said that it has opened its first service centre in the metropolis the centre was inaugurated by the companys chairmancummanaging director m ramadoss a press release issued here said the service centre will help in speedy settlement of claims which is a major steps towards customer satisfaction ramadoss said the centre will initially handle motor claims for offices in mumbai in due course the centre would take care of other backoffice operations like policy issuance third party claims and others the company already has centres functioning at hyderabad jaipur and patna kolkata lic on friday launched money plus a unit linked endowment plan designed to offer dual benefits of investment and insurance lics zonal manager east r r dash told reporters here that the plan offers four investment options bond fund secured fund balanced fund and growth fund the minimum annual premium of the policy is rs 5000 with the option to switch from one fund to another with four free switches per year the policy also has critical illness rider benefits dash said