• Non – Linked, With-Profits, Regular Premium Payment Endowment plus whole life plan for the age group of 18 years to 50 years.
  • A unique combination of Endowment and Whole life policy. Popularly known as “Zindagi ke saath bhi….zindagi ke baad bhi…”
  • Plan with a unique combination of moderate return and high risk coverage.
  • Premium is exempted u/s 80 C and maturity amount is fully tax free u/s 10 ( 10 ) D.

Certain important features of the plan are.

1 – Minimum 15 years term to maximum 35 years. Maximum maturity age is 70 years.

2 – Sum assured – minimum Rs. 1,00,000 to maximum no limit ( subject to certain conditions ).

3 – Wide range of premium modes are available, Yearly, half-Yearly, quarterly and monthly (ECS only or through salary deduction – SSS).

4 – LIC’s accidental death and disability benefit is available as an optional rider with additional premium.

5 – Loan facility is available provided full 3 years premium is paid and policy is in force.

6 – Policy can be surrendered at any time during the policy term, if it is in force. 

Benefits

  1. A) Maturity Benefit:
  • On maturity, at the end of policy term, basic sum assured along with vested simple reversionary bonuses and final additional bonus, If any.

B ) Death Benefit

  • In case of unforeseen death during the policy period of in force policy, 1.25 times of sum assured on death with bonus and final additional bonus, if any shall be payable to the nominee, excluding service tax, extra premium and rider premium.
  • The most unique and available feature only for this policy is risk cover of amount equal to sum assured will continue for lifetime after maturity without any premium. Nominee will get an amount equal to sum assured on death of policy holder.