Plan No. 948
The benefits offered by this plan are:
Limited Payment OptionnGuaranteed 25% Additional Life cover without any cost.Guaranteed Customized Payouts at regular Intervals5 – 5.5% Bonus is Guaranteed by LIC . Loyalty Bonus is also payable on Maturity along with Sum Assured Option of taking Maturity & Death Benefit in instalmentsLoan is also availableAvail Tax Benefits u/s 80C & 10(10D)
Adiitional Benefits
This plan also offers add on benefits like Additional Life Cover, Accidental Death & Disability Benefit, Critical Illness Cover & Premium Waiver Benefit
It is a non linked, with profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 Lakh especially designed for targeted High Net-worth Individuals. This plan provides lump sum financial support to family in case of death but also provides payment in case of diagnosis of specified critical illness.
Advantages
Conditions
| Minimum | Maximum |
Age at Entry | 8 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs 10,00,000 | No Limit |
Policy Term | 14 Years 16 Years 18 Years 20 Years | |
Premium Paying Term | Policy Term – 4 Years | |
Maturity Age | 69 Years for Policy Term 14 Years 67 Years for Policy Term 16 Years 66 Years for Policy Term 18 Years 65 Years for Policy Term 20 Years | |
Mode of Payment | Yearly, Half Yearly, Quarterly, Monthly (NACH), SSS | |
The Basic Sum Assured shall be in Multiples of Rs. 1,00,000 / -
DAB Conditions
| Minimum | Maximum |
Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs. 10,000 | Rs 1,00,00,000 |
Cover Ceasing Age | At the End of Policy Term | |
The Double Accident Sum Assured shall be in Multiples of Rs. 10,000 / -
Term Assurance Conditions
| Minimum | Maximum |
Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs 1, 00,000 | Rs. 25,00,000 |
Cover Ceasing Age | At the End of Policy Term | |
The Term Assurance Sum Assured shall be in Multiples of Rs. 5,000 / -
Critical Illness Rider
| Minimum | Maximum |
Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs 1,00,000 | Rs. 25,00,000 |
Cover Ceasing Age | At the End of Policy Term | |
The Critical Illness Sum Assured shall be in Multiples of Rs. 25,000 / -
Premium Waiver Benefit Rider
| Minimum | Maximum |
Age At Entry | 18 Years Completed | 55 Years Near Age |
Premium Paying Term | Equal to Premium Term | |
Cover Ceasing Age | 70 Years | |
Tension Free Claim Settlement
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