Skip to main content

Limited Premium Endowment Plan

LIC's Limited Premium Endowment Plan is a participating non-connected plot which offers a stroke of auspices and savings. This intend provides financial acknowledge for the intimates in feat of unfortunate death of the policyholder any period in the back maturity and a associated solution amount at the era of parenthood for the enduring policyholder. This set sights on as well as takes care of liquidity needs through its build happening realization.

1.Benefits:

Death gain: In act of death during the policy term, provided all due premiums have been paid, Death benefit, defined as unchangeable of "Sum Assured going not quite for Death", vested Simple Reversionary Bonuses and Final Additional auxiliary, if any, shall be payable. Where, "Sum Assured on the subject of Death" is defined as the highest of 10 epoch of annualised premium or Guaranteed Sum Assured vis--vis the subject of Maturity i.e. Basic Sum Assured or Absolute amount assured to be paid upon death i.e. 125% of Basic Sum Assured . This death benefit shall not be less than 105% of all the premiums paid as upon date of death.

Premiums referred above exclude advance tax, concern at the forefront premium and tallying premium(s), if any.

Maturity Benefit: "Sum Assured upon Maturity" equal to Basic Sum Assured, along following vested Simple Reversionary bonuses and Final Additional maintenance happening front, if any, shall be payable in origin sum upon relic to the approach of the policy term provided each and every one due premiums have been paid.

Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to realize Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.

Final (Additional) Bonus may in addition to be acknowledged knocked out the policy in the year once the policy results into a allegation either by death or maturity.

2.Optional Benefit:

The policyholder has an choice of availing the as soon as Rider benefit(s):LICs Accidental Death and Disability Benefit Rider (UIN: 512B209V01)LICs New Term Assurance Rider (UIN: 512B210V01)Rider sum assured cannot exceed the basic sum assured.

For more details upon the above riders, foster on to the late addition brochure or get your hands on into LICs nearest Branch Office.

Comments

Popular posts from this blog

LIC Of INDIA

Insurance in India refers to the marketplace for insurance in India which covers both the private and non-privatezone organisations. It is listedin the Constitution of India inside the Seventh Schedule as a Union List subject, meaning it can handiest be legislated by way of the Central Government best.

The coveragearea has gone througha number of phases by means of allowing privateagencies to solicit coverage and additionally allowing overseas direct investment. India allowed non-publicbusinesses in insurancearea in 2000, placing a restriction on FDI to 26%, which becomeexpanded to 49% in 2014.[1] Since the privatisation in 2001, the largestexistence-insuranceagency in India, Life Insurance Corporation of India has seen its marketplacepercentage

lic of india cancer care policy

LIC’s Cancer Cover (UIN: 512N314V01) (A non-linked, non-participating, health insurance plan) LIC’s Cancer Cover is a regular premium payment health insurance plan which provides financial protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancer during the policy term. The policy can be purchased offline as well as online. To purchase the policy online please log on to www.licindia.com . The plan offers two benefit options wherein you have the flexibility to choose the type of Sum Insured at the inception. Option I Level Sum Insured: The Basic Sum Insured shall remain unchanged throughout the policy term. Option II Increasing Sum Insured: The Sum Insured increases by 10% of Basic Sum Insured each year for first five years starting from the first policy anniversary or until the diagnosis of first event of Cancer, whichever is earlier. On diagnosis of any specified Cancer as mentioned in Para 1, all the claims shall be based on the Incre…

recruitment lic of india

Registration closes soon: LIC India is hiring for 8000 Assistant posts at a monthly stipend of ₹14,435The Life Insurance Corporation of India (LIC) is hiring for 8000 Assistant posts across its Central, Eastern, East-Central, Northern, Northern Central, Southern, Southern Central and Western zones.

The registration for LIC job recruitment 2019 opened on 17 September and the last day to register for the open positions is 1 October 2019.

Interested candidates can apply on the company’s official website licindia.in.The job responsibilities include clerical work, cashier posts, customer service executives and window operations, offering a monthly stipend of ₹14,435.

This will also include employee benefits such as House rent allowance, travel allowance, dearness allowance among others.

Here’s how to apply:
Visit the official website licindia.in
Go to the Careers tab on the homepage.
Choose the branch office where you want to apply
Click on the link that says ‘Apply Online’
Enter your credentials —…