• A pure term insurance plan of LIC. This plan has no maturity benefit.
  • Policy is available for the age group of 18 years to 60 years. Plan is good for those who can’t afford high premium for higher amount of insurance.
  • Sole feature and importance of the plan is to provide high risk cover at lowest premium. Premium is as low as 1.10% for the term of 5 years to 1.35% of sum assured for the term of 35 years for 18 years of age.

Certain important features of the plan are.

1 – Minimum 5 year term to maximum term of 30 years. Maximum maturity age is 70 years.

2 – Sum assured -Minimum Rs. 25,00,000 to maximum no limit ( subject to certain conditions ).

3 – Only premium mode available is Yearly and half-Yearly.

4 – No accidental benefit can be added.

5 – No Loan facility available.

6 – As the policy does not have any maturity benefit it can be surrendered anytime to stop future premium.

Benefits

  1. A) Maturity Benefit:
  • On maturity no benefit is payable.
  1. B) Death Benefit
  • In case of unforeseen death during the policy period of in force policy, an amount equal to sum assured shall be payable to the nominee.