This scheme of LIC can give you 54 lakh rupees in 25 years
News Patiala 18th June Patiala
Life Insurance Corporation of India (LIC) runs many beneficial schemes for its customers. Each plan has its own merits. Everyone’s premium and maturity benefits are also different. We are going to tell you about one such plan of LIC, which is called LIC Jeevan Benefit. LIC Life Benefit provides benefits of both protection and savings. It is a limited premium paying and non-linked plan.
In this scheme, financial help is provided to the family of the policyholder in case of death at any time before maturity. Also, it provides a lump sum after maturity for the surviving policyholder. Not only this, if you take this scheme, you also get the facility of a loan if needed in the future.
Features of LIC Life Benefit
The biggest benefit of this policy is In this, the sum assured is returned on the death of the policyholder, provided the policy is not broken and all premiums are paid. In this policy, on the death of the policyholder, the sum assured is available at 7 times the annual premium. This death benefit must not be less than 105% of all premiums paid till the date of death. This will not include any tax or any more amount for the policy.
What is the premium of the LIC Life Benefit?
The minimum basic sum assured under this policy is Rs.2,00,000, while there is no limit on the maximum sum. For a 16-year policy, the minimum age of the policyholder should be between 8 years and a maximum of 59 years. The maximum age is 54 years for a 21-year policy and 50 years for a 25-year policy. The maximum maturity age of the plan is 75 years. Five optional riders can also be selected under the policy by paying more premium. The policyholder can choose between LIC’s Accidental Death and Disability Benefit.