Feb 06, 2008 07:06 PM
19064 Views
(Updated Feb 07, 2008 10:49 AM)
Hi
This plan is suitable for people who require lump sum amounts in future to meet specific expenses such as children's education or marriage. At the same time, the policy provides insurance protection for the family as well as old age provision.This plan can be availed of for terms 20 or 25 years.
n case of death of the life assured within the term, the total sum insured is paid to the nominee, irrespective of earlier survival benefits.
Minimum amount of Sum Insured - Rs. 40, 000
Minimum age at entry-13 years*
Maximum age** at entry: 20 year policy - 50 years 25 year policy - 45 years Bonus additions to the policy are calculated for full sum assured. They are payable only along with final maturity benefit on date of maturity or on death, whichever is earlier.
For example, suppose a person takes a Rs. 1, 00, 000 policy for 20 years. At the end of the 5th and 10th year he receives Rs. 20, 000 each as survival benefit. If he happens to die in the 12h year, the nominee of the life assured will receive full Rs. 1, 00, 000, irrespective of the earlier benefits of Rs. 40, 000 means he will get 1 lac+ already paid(40k* 2)+ Bonus of 12 years.
For More Information:
Contact: Naveen(LIC Agent)
EmailID: gandhi.naveen@gmail.com
Phone: 9971152498
