- 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) |
