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Introduction |
This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of poLICy term whether the life assured dies or survives the term of the poLICy.
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Premiums |
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Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the poLICy or till the earlier death. |
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Bonuses |
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This is a with-profits plan and participates in the profits of the Corporation's life insurance business. It gets a share of profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Bonuses for full term on the full Sum assured are paid at the end of the term even if death occurs during poLICy term. Final (Additional) Bonus may also be payable provided poLICy has run for certain minimum period.
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Benefits on death/survival |
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One fourth of the sum assured is payable at the end of each of last four years of the poLICy term. On death/survival all bonuses declared during the term of poLICy will also be paid along with the last instalment. These benefits are payable whether the life assured survives the poLICy term or dies during the term of poLICy. Further, on death during the poLICy term, an amount equal to Sum Assured is also payable immediately. |
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Source -Life Insurance India, LICindia. |
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If life insurance buying is approached in the proper manner it can be very beneficial to yourself and your family |
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Document: P. Photo, Age proof Xerox, Address proof Xerox, ID card Xerox, Last Graduation Xerox,
Payment: Payable to LIC of India A/c pays cheque. Or D.D or Cash.
Deciding the best option for your option. Compare various LIC Life insurance & Investment Plans on Cost & coverage Life Insurance Agents in Chennai Apply for LIFE INSURANCE |
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Invest Today!!!! Don't miss this Opportunity!!!
Please CONTACT 9941186071 (Anywhere in Chennai) |
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