Marriage/Educational Policy

 

Marriage/Educational Policy

 
Product summary:
This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.

Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  Once declared, they form part of the guaranteed benefits of the plan. Such bonuses are to be added till maturity even if the life assured dies before the maturity date. Final (Additional) Bonus may also be payable provided a policy is of a certain minimum term.

Source : licindia.in

3 Comments on "Marriage/Educational Policy"

  1. i haved invested Rs.30,000/- as on July 2010 in LIC Endronment plus Growth policy what is the current status if i withdraw in July 2015 what will the amount i will be getting ??????

  2. plz tel me procedure of taking loan on marriage/education policy my policy no is 11324591 n also tel its status

    • bharat bhushan | July 19, 2013 at 7:29 am | Reply

      plz tel me procedure of taking loan on marriage/education policy my policy no is 122435766 n also tel its status

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