In this world of uncertainty, LIC offers a unique blend of whole life Insurance with Guaranteed Tax free returns for life time. After the premiums are paid for the stipulated period, Tax free returns @ 8% of the Sum Assured is paid every year for whole life. On Maturity, Sum Assured + bonus is paid.
A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan
| Minimum age | : | 90 days (Completed) |
| Maximum age | : |
55 years for Premium paying term 15 years 50 years for Premium paying term 20 years 45 years for Premium paying term 25 years 40 years for Premium paying term 30 years |
| Minimum age at PPT | : | 30 years |
| Maximum age at PPT | : | 70 years |
| Premium paying term | : | 15, 20, 25 and 30 years |
| Policy Term/ Maturity | : | 100 (-) minus Age at entry |
| Minimum Sum Assured | : | Rs.2,00,000 |
| Maximum Sum Assured | : | No limit |
| Premium Payment | : | Yearly / Half yearly / Quarterly / Monthly (Thru Bank) |
| Loan | : | Eligible after 3years |
| Surrender | : | Eligible after 3years |
| After Premium paying term | : | 8% of Sum Assured (Tax-free) is paid every year for whole life |
| On Maturity/Death | : | Sum Assured + Bonus is payable |
| Income Tax Benefits | : |
(i) Premiums paid are eligible for Tax rebate u/s 80c (ii) Maturity amount / Death claim is Non-taxable u/s 10(10d) |
Srikant Sahoo
MDRT Agent-LIC of India
#101, 1st Floor, Chandra Reddy New Bldg,
CT Street, Marathahalli
Opp. of Chowdeshwari Temple,
Bangalore-560037, Karanataka
