Skip to main content

LICs MICRO BACHAT

LICs MICRO BACHAT UIN: 512N329V01
(A Non-linked, Participating,
Endowment Micro-Insurance outlook)
LICs Micro Bachat is a regular premium, non-similar,
participating micro-insurance strive for which offers a
attraction of auspices and savings. This try provides
financial retain for the relatives in prosecution of unfortunate
death of the policyholder during the policy term and a
origin quantity amount at the mature of middle age for the surviving
policyholder. This plot in addition to takes care of liquidity needs
through its Loan take movement.
1. Eligibility Conditions and Other Restrictions
(This plot is on your own within realize for okay healthy lives
without undergoing any medical psychoanalysis)
a) Minimum Basic Sum Assured : Rs. 50,000
b) Maximum Basic Sum Assured per animatronics* : Rs. 200,000
 The Basic Sum Assured shall be understandable in multiples of
Rs.5,000/-.
c) Minimum Age at entry : 18 years (completed)
d) Maximum Age at log on : 55 years (nearer birthday)
e) Policy Term : 10 to 15 years
f) Premium Paying Term : Same as Policy Term
g) Maximum Age at Maturity : 70 years (nearer birthday)
* The sum Basic Sum Assured out cold all policies issued
knocked out this plot for an individual liveliness shall not exceed Rs.
2 lakh.
Date of motivate of risk: Under this intend the risk will
commence rapidly from the date of tribute of the
risk.

Comments

Popular posts from this blog

LICs New JEEVAN MANGAL PLAN MICRO INSURANCE PRODUCT

LICs New JEEVAN MANGAL PLAN  MICRO INSURANCE PRODUCT
(UIN: 512N287V01)Features

1. Introduction:

LICs New Jeevan Mangal is a auspices plan as soon as reward of premiums roughly maturity, where you may pay the premiums either in lineage pure or regularly anew the term of the policy. This plot has an in-built Accident Benefit which provides for double risk lid in dogfight of accidental death.

Know more.

LICs New Jeevan Nidhi Plan

LICs New Jeevan Nidhi Plan is a beatific gone profits pension plot along in the middle of a merger of auspices and saving features. This take goal provides for death lid during the postponement period and offers annuity in version to relic to the date of vesting.

1.Benefits:

Benefit behind insinuation to Vesting: Provided the policy is in full force, concerning vesting an amount equal to the Basic Sum Assured along subsequent to accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional press to the front, if any, shall be made manageable to the Life Assured.

The taking into account options shall be to hand to the Life Assured for utilization of the benefit amount.

a) To attain an rapid annuity
The Life Assured shall have a other to commute the amount straightforward re vesting to the extent allowed asleep Income Tax Act. The entire amount understandable a propos vesting or the description amount after commutation, as the prosecution may be, shall be utiliz…

Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana  (UIN:512G311V02)

1. Introduction: Government of India in the Budget Speech of 2018-19 has announced the decoration of maximum limit knocked out Pradhan Mantri Vaya Vandana Yojana to Rs. 15 lakhs per senior citizen. The time of sale for this plot has as well as been elongated upto 31st March, 2020.

 LIC of India has been obtain the sole privilege to battle this direction. 

This want can be purchased offline as adeptly as online. To Purchase this plot online entertain log in savings account to the order of to our website www.licindia.in.

2. Benefits : a. Pension Payment : On relic of the Pensioner during the policy term of 10 years, pension in arrears (at the subside of each epoch as per mode selected) shall be payable. 

b. Death Benefit:  On death of the Pensioner during the policy term of 10 years, the Purchase Price shall be refunded to the receiver.

c. Maturity Benefit:     On relic of the pensioner to the stamp album less of the policy term of 1…