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Features |
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive. In the case of a 20-year Money-Back Policy (Table 75), 20% of the sum assured becomes payable each after 5, 10, 15 years, and the balance of 40% plus the accrued bonus become payable at the 20th year.
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Payable in case of life assured surviving to the end of the specified durations provided the policy is in full force as given below:
For policy term 12 years
15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year
For policy term 16 years
15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &12th policy year
For policy term 20 years
10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year
On expiry of policy term
Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus Loyalty Additions, if any, less the amount of survival benefits paid earlier.
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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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