LIC Child Insurance Plan is an Endowment Assurance Plan available for children of less than 12 years of age.
The policy can be purchased by any of the parent/grand parent
1) LIC best selling Insurance policy
2) Reduce premium as per your requirements
3) Pay Rs 1000 pm and get Rs 1 crore.
4) Highest return
LIC Senior Citizen Pension Insurance Plan allow the policyholder to make provision for regular income after the selected term.
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LIC Jeevan Saral V/s Monthly Recurring Deposits
Where can I pay my premium
This is an endowment cum whole life policy along with bonus facility. This is a double death benefit plan if the life insured survives till the end of the policy term. It has average premium, high rate of bonus and great liquidity features.
What Insured receives: Insured receives the Sum Assured with Bonus as maturity benefit but the cover continues till his death. An additional Sum insured is paid whenever the Insured dies. So this plan is both an Endowment plan and a whole life plan. In case the insured dies in policy tenure the entire sum assured with Bonus is paid to the nominee and policy would terminate. An additional accidental death and disability benefit is payable till 70 years of age.
Why to buy : This is amazing plan for guaranteed returns with high coverage and suits people who do not want to take much risk in their lives . Also the coverage continues till death.
1) This is a Endowment cum Whole life plan.
2) Maturity benefit is Sum Assured + Bonus and the life cover continues till death.
3) Death benefit after policy maturity is only Sum Assured.
5) Simple reversionary bonus is payable on maturity or earlier death.
6) Accidental death and disability benefit is an inbuilt feature in this plan.
7) Critical Illness benefit.
8) This plan on additional premium can be given to people with hazardous occupation.
Survival Benefits: On Survival of the Life Insured, he receives 20% of basic Sum Assured at start of every year during last 3 policy years before maturity.
Death Benefit: In case of death of Insured
Minimum
Maximum
Sum Assured (in Rs.)
1,00,000
No Limit
Policy Term (in years)
5
57
Premium Payment Term (in years)
5
57
Entry Age of Policyholder
18
65
Age at Maturity
-
75
Single Premium (in Rs.)
NA
NA
Payment modes
Yearly, Half-yearly, Quarterly, Monthly and SSS
1. There are 2 in built riders available:
Accidental death benefit rider - an additional sum assured is paid if death is due to accident till 70 years of age.
Accidental disability benefit rider- additional sum assured is payable in installments.
Additional rider available : Critical Illness rider.
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