DEPOSIT RS 48 PER DAY

DEPOSIT RS 48 PER DAY, 1 CRORE INSURANCE COVER

Life Insurance coverage Company of India (LIC of India) operates numerous life assurance schemes. This insurance coverage plan is appropriate for folks of all earnings courses. Some imagine that LIC doesn’t run any fairly time period plan. Which is completely incorrect..

LIC additionally has many such insurance policies that are time period plans. Nonetheless, it may possibly solely be bought on-line. LIC’s time period plan supplies good safety to the policyholder’s household at a means decrease premium. LIC’s time period plan coverage is bought as a tech time period plan

Life Insurance coverage Company of India (LIC of India) operates numerous life assurance schemes. This insurance coverage plan is appropriate for folks of all earnings courses. Some imagine that LIC doesn’t run any fairly time period plan. Which is completely incorrect. LIC additionally has many such insurance policies that are time period plans. Nonetheless, it may possibly solely be bought on-line. LIC’s time period plan supplies good safety to the policyholder’s household at a means decrease premium. LIC’s time period plan coverage is bought as a tech time period plan.

that is usually the annual premium for a cover of Rs 50 lakh in step with the LIC Time period Plan Coverage Premium Calculator, if a 30-year-old buys this time period coverage, he might want to pay a premium of solely Rs 9,912 annually for a cover of Rs 50 lakh together with GST. At an equal time, taking a cover of Rs one crore, the individual might want to pay a premium of solely Rs 17,445.

Term plan from 10 to 40 years


LIC’s tech term plan has a tenure of 10 years to 40 years. Children as young as 10 years old to a 65-year-old person can buy this policy. However, its cover will only be available to the policy holder till the age of 80 years. It means that if a person dies after crossing the age of 80, then his family will not get the benefit of this cover. However, the family of those who die below the age of 80 will get the benefit of the cover. 

Lower premium for women


In this policy women have to pay less premium as compared to men. Along with this, the policyholder will get cover in case of an accident. On the other hand, non-smokers have to pay a lower premium rate and smokers have to pay a higher premium. 

That’s the fee a day 

Accordingly, for a cover of Rs 50 lakh, one has bought to spend Rs 27 every day, whereas for a cover of Rs one crore, it’ll price Rs 48 per day. Accordingly, shopping for this time period coverage could also be a discount.

A survival advantage is obtained

Survival benefit on this scheme means this money is paid if the insured survives –

– 14 years policy – 30% of Sum Assured in 10th and 12th year.

– 16 year policy – 35% of Sum Assured in 12th and 14th year.

-18 year policy -14th and 16th year 40 percent each of sum assured is available.

-20 year policy -16th and 18th year get 45% of Sum Assured.

These are the terms of the policy

Minimum Sum Assured – Rs. 1 crore (note that sum assured will be in multiples of 5 lakhs)

Policy tenure- 14, 16, 18 and 20 years

Till the premium is to be deposited – 4 years

Minimum policy age – 18 years

With it you can take a policy from 14 years to 55 years, a policy from 16 years to 51 years, a policy from 18 years to 48 years and a 20 year policy up to 45 years.

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