|
Introduction |
Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations to their customers. The illustrations are based on the investment rates of return set by the Life Insurance Council (constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect the actual investment returns achieved or may be achieved in future by Life Insurance Corporation of India (LICI).
For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum
|
|
|
|
Premiums: |
|
Premiums are payable yearly, half-yearly, quarterly or monthly, as opted by you, throughout the premium paying term or till earlier death. |
|
Guaranteed Additions: |
|
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Basic Sum Assured at the time of claim. |
|
Bonuses: |
|
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Basic Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the plan. |
|
Death Benefit: |
|
The Sum Assured alongwith guaranteed additions and vested bonuses, if any, is payable in a lump sum on death of the life assured during the policy term. |
|
Maturity Benefit: |
|
The Sum Assured alongwith guaranteed additions and reversionary bonuses, if any is payable in a lump sum on survival to the end of the policy term. |
|
Source -Life Insurance India, LICindia. |
|
If life insurance buying is approached in the proper manner it can be very beneficial to yourself and your family |
|
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 |
|
Invest Today!!!! Don't miss this Opportunity!!!
Please CONTACT 9941186071 (Anywhere in Chennai) |
|
|