Plan No. 945
- This is the ideal plan for savings & Retirement Planning
- It provides the guaranteed tax-free Income of 8% of Sum Assured for life time
- It offers the life cover for life time
- The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured
- This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
- In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
- The policyholder also has the option of choosing the death benefit in installments
- LIC also offer the discount in the premium in case the mode of payment is Yearly.
- The loan is also available to the policyholder after the completion of 2 years of the policy
- Settlement option avilable on Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
| Eligibility Criteria | ||||
|---|---|---|---|---|
| Min. | Max. | |||
| Age | 90 Days (Completed)) | 55 Years for Payment Term = 15 50 Years for Payment Term = 20 45 Years for Payment Term = 25 40 Years for payment term = 30 |
||
| Policy Term | 100 Years - Age | |||
| Premium Payment Term | 15, 20 25, & 30 Years | |||
| Rider | LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) | |||
| Rider | LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER | |||
| Rider | LlC's ACCIDENT BENEFIT RIDER | |||
| Rider | LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) | |||
| Rider | LIC's NEW TERM ASSURANCE RIDER (TR) | |||
