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  • It is a non linked, with profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 Lakh especially designed for targeted  High Net-worth Individuals.  This plan provides lump sum financial support to family in case of death but also provides payment in case of diagnosis of specified critical illness.

    Combination of Moneyback and Life Insurance

    It gives you lump sum amount in case of death during policy term and incase of survival, survival benefit amount is payable on Term – 4 Years, Term – 2 Years and on completion of Term.


    Premium Waiver Benefit

    In case of death of Proposer wherein life assured is minor, all future premiums will be borne by LIC.


    Profit Sharing in Terms of Guaranteed Additions

    Policy is eligible for guaranteed bonus at the rate of Rs. 50.00 per thousand per year during first 5 policy term and thereafter at the rate of Rs. 55.00 per thousand per year.


    Additional Accidental Benefit

    Standalone Additional Accident Benefit Maximum of Rs. 1,00,00,00/- is allowed other than regular accidental benefit under other policies.


    Advantages

    Avail Tax benefit on premium paid
    Tax Free maturity amount
    Tension Free Claim Settlement

    Eligibility  Criteria

    Minimum Age at Entry

    8 Years Completed

    Minimum Basic Sum Assured

    Rs. 10,00,000

    Maximum Basic Sum Assured

    No Limit

    Term

    14, 16, 18, 20, 24 and 28 Years

    Premium Paying Term

    (Policy Term - 4) Years

    Maximum Age at Entry

    Term

    Age

    14

    55

    16

    53

    18

    51

    20

    49

    24

    45

    28

    41


    Premium Modes
    Yearly, Half-Yearly, Quarterly and Monthly (NACH only) or through salary deductions (SSS).

     

    Riders Available

    LIC’s Premium Waiver Benefit Rider

     

    Term / PPT

    Survival Benefits

    Maturity Benefits

    14/10

    30% of Basic Sum Assured after 10th and 12th years

    40% of Basic Sum Assured

    16/12

    35% of Basic Sum Assured after 12th and 14th years

    30% of Basic Sum Assured

    18/14

    40% of Basic Sum Assured after 14th and 16th years

    20% of Basic Sum Assured

    20/16

    45% of Basic Sum Assured after 16th and 18th years

    10% of Basic Sum Assured

    24/20

    45% of Basic Sum Assured after 20th and 22nd years

    10% of Basic Sum Assured

    28/24

    45% of Basic Sum Assured after 24th and 26th years

    10% of Basic Sum Assured

    Maturity Benefit is payable alongwith Guaranteed Additions and Loyalty Addition.

    Guaranteed Addition

    Rs. 50 per 1000 of Basic Sum Assured for the first 5 years

    Rs. 55 per 1000 of Basic Sum Assured for the Subsequent Years till the end of Premium Paying Term