LIC

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  In this plan, if the Life Insured dies within the policy tenure then his nominee would receive the Sum Assured + accrued Guaranteed Additions. Now, if the Life Insured survives the entire term, then he would receive basic Sum Assured + entire Guaranteed Additions and Loyalty Additions.

  This plan is a Special Plan because

  · It is a single premium plan

  · Gives good guaranteed return

  · Along with Term rider benefits, this plan is quite a handful since the protection cover can be significantly enhanced.

  Key Features of LIC Bima Nivesh 2005 Plan

  1) This plan is a single premium endowment plan.

  2) Since this plan is an investment driven plan, the premiums does not depend on age of the life insured.

  3) The Death Benefit in this plan is the Sum Assured + accrued Guaranteed Additions till date of death

  4) The Maturity Benefit in this plan is basic Sum Assured + compounded Guaranteed Additions + Loyalty additions, if any.

  5) This plan offers compound rate of guaranteed additions and loyalty additions

  6) No medical tests are required for the basic plan

• Benefits Of LIC New Bima Gold Plan:

   

  Death Benefit: In case of death of the Life Insured, the nominee receives

  ·        Basic Sum Assured + accrued Guaranteed Additions

   

  Maturity Benefit: At the maturity of the policy, the insured will get

  ·        Sum Assured +

  ·        compounded Guaranteed Additions +

  ·        Loyalty Additions, if any.

  If You stop paying the premium: – this is a single premium plan and you dont have to worry about paying every year

  Surrender Value: There is a Guaranteed Surrender Value after 1 policy years

   

   

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