It is a Non-Par, Non-Linked, Life, Individual, Savings plan. This is a Single Premium Endowment plan with Guaranteed Additions.
Eligibility Criteria
Riders Available
LIC’s Accidental Death & Disability Benefit Rider
LIC’s New Term Assurance Rider
Death Benefit
Maturity Benefit
Sum Assured on Maturity along with accrued Guaranteed Additions.
Guaranteed Additions shall accrue at the rate of Rs. 85 per thousand of Basic Sum Assured at the end of each policy year.
Loan Facility is available during the policy term after 3 months from the completion of the policy.
Option to Surrender the Policy
The policy can be surrendered by the policyholder at any time during the policy term subject to realisation of cheque or premium payment.
On surrender of a policy, the Corporation shall pay the surrender value higher of…
Guaranteed Surrender Value & any accrued Guaranteed Additions
Or Special Surrender Value.