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Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Understand Life Insurance
Dhan Sanchay
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Cancer Cover
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New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Dhan Rekha
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
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Plan No. 934
This plan has been specially designed to meet the career needs of your child
You have the option to choose the nature of pay-outs to match the need of your child. The plan offers the benefit in instalments or lump sum as chosen by the customer
This plan also offers the Guaranteed risk cover of 125% of the Sum Assured
The premium is payable only for a limited period under this plan
On Maturity the child gets the Sum Assured along with Vested Bonus and Final Bonus, if any
This plan also has the premium waiver benefit where the premium is paid by the LIC in case of any unfortunate event
This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
In a similar way, 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 1 year of the policy
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min.
Max.
Age
90 Days (Completed)
12 Years (Last Birthday)
Policy Term
25 Years - Age at Entry
Premium Payment Term
20 Years - Age at entry
Basic Sum Assured
Rs.75,000
No Limit
Maximum Maturity Age
25 Years (Last Birthday)
Rider
LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB)
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