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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 LICís NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider LlC's ACCIDENT BENEFIT RIDER
Rider LICís PREMIUM WAIVER BENEFIT RIDER (PWB)
Rider LIC's NEW TERM ASSURANCE RIDER (TR)
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