• Non – linked, with-profits, regular premium payment Endowment plan for the age group of 13 years to 45 years.
  • Unique feature of the plan is liquidity at regular period of the policy.
  • Premium liability reduces as policy holder gets survival benefit at regular period of every 5 years. Premium is payable up to 20 years only.
  • Plan with a unique combination of good return and risk coverage with good liquidity to keep premium liability smooth.
  • 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 – Policy term is 25 years only. Maximum maturity age is 70 years.

2 – Sum assured – Minimum Rs. 1,00,000 to maximum no limit ( subject to certain conditions ) in multiples of Rs. 10,000.

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

4 – LIC’s accidental death and disability benefit is available for age above 18 years 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

  • A) Survival benefit:
  • Policy holder will get 15% of sum assured at the end of 5th, 10th, 15th and 20th completed year of policy. 
  1. B) Maturity Benefit:
  • On maturity, at the end of policy term 40% of the sum assured along with vested simple reversionary bonuses and final additional bonus, if any.
  1. C) Death Benefit
  • In case of unforeseen death during the policy period of in force policy, 125% of sum assured with bonus and final additional bonus, if any, shall be payable to the nominee.