- LIC’s new endowment plan which gives the individual, life assurance along with
savings.
- The risk coverage under this plan enhances every year as LIC declared the bonuses.
However, the premium does not change.
- The customer gets the tax-free maturity under this plan which includes the bonus
also along with Sum Assured.
- This plan has an option of choosing the Accidental Life cover, Disability Benefit &
Critical illness cover.
- In case of a minor, this plan also has the premium waiver benefit in case of death of
the parent.
- This plan also has the option of taking the Maturity proceeds in instalments as the
policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in
instalments.
- LIC also offer the discount in the premium in case the mode of payment is Yearly.
- The loan is also available to the policyholder after the completion of 2 years of the
policy.
- Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
| Eligibility Criteria |
| |
Min. |
Max. |
| Age |
8 Years (Completed) |
55 Years (Nearest Birthday) |
| Policy Term |
12 Years |
35 Years |
| Premium Payment Term |
Same as Policy Term |
|
| Basic Sum Assured |
Rs. 1 Lac |
No Limit |
| Maximum Maturity Age |
75 Years (Near Birthday) |
| Rider |
LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) |
| Rider |
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER |
| Rider |
LlC's ACCIDENT BENEFIT RIDER |
| Rider |
LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor |
| Rider |
LIC's NEW TERM ASSURANCE RIDER (TR) |
