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Features |
This is an Endowment Assurance plan that provides greater financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the poLICy term.
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Suitable For: |
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Being an endowment assurance poLICy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the poLICyholder's life or in any other way he may think most suitable at that time. |
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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 earlier death.
Bonuses : This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the 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. A Final (Additional) Bonus may also be payable provided a poLICy has run for certain minimum period. |
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Special Features |
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This policy covers the risk for triple the sum assured. Besides the usual benefits offered by any endowment insurance plan, this poLICy provides for an additional insurance cover two times the sum assured in the event of a poLICy holder’s death during the term of the poLICy. In other words, the death claim in the case of this poLICy is thrice the basic sum assured. For instance, if a person insured for Rs.1,000 under this poLICy were to die before its maturity, the death claim payable would be Rs.3,000 plus the accrued bonus on Rs.1,000, the basic sum assured. If the poLICy holder survives the full term of the poLICy, the payment on maturity would be Rs.1,000 plus the accumulated bonus. |
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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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