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Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
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Plan No. 715
It is a Whole Life Endowment plan that ensures financial security for policyholders throughout their lifetime and offers a wide range of terms to suit financial needs.
During the policy term, risk coverage is provided up to 1.25 times of Basic Sum Assured + Bonus + FAB (as applicable).
After the end of the term, the policyholder receives maturity benefit including Basic Sum Assured + Bonus + FAB (as applicable).
Being a whole life plan, it ensures risk coverage continues until the policyholder reaches the age of 100, with coverage equal to Basic Sum Assured.
This plan offers optional rider benefits for added protection, including coverage against Accidental Death and Accidental Disability.
This plan provides flexibility to take Maturity or Death Benefit in easy installments of 5, 10, or 15 years as per your needs.
In case of any financial emergency, liquidity needs are taken care of through Surrender and Loan facility.
Avail tax benefits under Section 80C against every premium paid and receive tax-free maturity amount under Section 10(10D).
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