Lic India Agent Pune New Lic Policy and Latest Life Insurance Plans India

Lic India Agent Pune New Lic Policy and Latest Life Insurance Plans India

Lic India Agent Pune New Lic Policy and Latest Life Insurance Plans India

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MONEY BACK POLICY

Suitability

  • This plan is suitable for people who require lump sum amounts in future to meet specific expenses such as children's education or marriage. At the same time, the policy provides insurance protection for the family as well as old age provision

Salient Features

  • A policy where lump sum amounts are paid to the life assured at periodic intervals on survival
  • In case of death of the life assured within the term, the total sum insured is paid to the nominee, irrespective of earlier survival benefits
  • Bonus is payable under this scheme
  • Premiums are to be paid regularly to get survival benefits
  • Premiums cease at death or on expiry of term whichever is earlier
  • This plan can be availed of for terms 20 or 25 years

Benefits

On Survival

Term

At the end of

Amount of money back

For Example, on a Rs. 1,00,000 policy

20 years

5th year

20% of sum assured

Rs. 20000

10th year

20% "

Rs. 20000

15th year

20% "

Rs. 20000

20th year

40% "

Rs. 40000

25 years

5th year

15% of sum assured

Rs. 15000

10th year

15% "

Rs. 15000

15th year

15% "

Rs. 15000

20th year

15% "

Rs. 15000

25th year

40% "

Rs. 40000

On Death:

  • Full sum assured is payable in the event of the death of the life assured within the term, without any deduction of earlier survival benefits.
  • For example, suppose a person takes a Rs. 1,00,000 policy for 20 years. At the end of the 5th and 10th year he receives Rs. 20,000 each as survival benefit. If he happens to die in the 12h year, the nominee of the life assured will receive full Rs. 1,00,000, irrespective of the earlier benefits of Rs. 40,000.

Other Conditions

  • Minimum amount of Sum Insured - Rs. 40,000
  • Minimum premium must be Rs. 800 per annum
  • Minimum age at entry-13 years
  • Maximum age at entry :
    • 20 year policy - 50 years
    • 25 year policy - 45 years
  • Bonus additions to the policy are calculated for full sum assured. They are payable only along with final maturity benefit on date of maturity or on death, whichever is earlier
  • Loans will be granted under these policies


Contact Us
1) If you want to Buy New Insurance Policies than call 9422553400 (Pune)
2) If you need a detailed quotation from us as to how much insurance you should really go for. Click here
3) If you have a previous life insurance policy and want servicing for the same. Click here
4) Contact us on email: gulwe@licagent.biz

Lic of India New Lic Policy and Latest Insurance Plans From Lic India
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