Sum Assured on Death During Premium Paying Term will be HIGHER of 125% of Basic Sum Assured OR 10 times of Annual Premium But not less than 105% of Premium Paid as on Date of Death along-with Bonus declared.
Maturity : Basic Sum Assured along with Bonus
Enhanced Sum Assured Rebate i.e. “Upfront Cash Bonus”
No Foreclosure Action under Fully Paid up & In-force Policies even if there is Default in Interest.
Regular Premium Paying Conventional Plan
With Profit-Reversionary Bonus to be declared by LIC
Loan & Surrender Value Allowed
Nomination / Assignment Available
Taxes including service taz as per Tax Laws
Back-dating withing the same financial year.
Revival within 2 yrs from date of First Unpaid Premium but before date of maturity.
Age Eligibility – Min 18 yrs, Maximum 50 yrs
Term – Min 15 yrs, Max 35 yrs
Sum Assured (Multiple of 5000) – Min 1 lac, Max No limit.