LIC This Policy Advantage & Rs 150 tax investment will get 19 lakh LIC
is the most trusted insurance firm within the country. Consumers are greatly benefited by investing during this government-run company policy. during this age of rising inflation, it’s imperative for every folks to save lots of a particular percentage of our hard-earned money and invest it during a policy. Everyone dreams of a far better future for his or her children. The life assurance Corporation of India features a similar scheme which has been designed keeping in sight the requirements of the youngsters . We are talking about LIC’s LIC NEW CHILDREN’S a refund PLAN
◆ Here are the highlights of this policy
● The minimum age for removing this insurance is 0 years
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● the utmost age for taking insurance is 12 years
● The minimum sum insured is Rs. 1,00,00.
● there’s no limit to the utmost sum insured.
● Premium Weaver Benefit Rider- Option available
◆ A refund installment
The policyholder will get 20% of the sum assured on completion of 18, 20, and 22 years aged.
◆ Maturity Benefit
At the time of policy maturity (in case the insured doesn’t die during the term of the policy) the policyholder will get an increased portion of the sum insured with a bonus of 40 percent
◆ Benefit
In case of death of the policyholder at the time of the policy term, additionally to the sum insured, an easy reversionary bonus check and a final maximum bonus are given. the benefit shall not be but 105% of the entire premium payment
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