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
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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 Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.
Commencement of risk cover:
This is a good policy > The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.
Premium:
This is a good policy Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child, or single premium.
Bonuses:
This is a good policy This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.
Maturity benefit: on maturity the policy will get, the full S.A. + Accrued bonus + FAB, if any.
Death benefit: if death occu if death occurs after life risk has been commenced then the S.A.+ vested bonus + FAB, if any, will be payable on death. In case death occurs before commenced of risk, only deposited premiums will be given to the nominee.
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