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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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New Money Back Plan 25 Years
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New Endowment Plus
Plan No. 736
It is a Limited Premium Endowment plan that offers a blend of Savings and Protection with limited payment options of 10, 15, and 16 years as per the selected term.
Being a with-profits plan, it is an ideal choice for savings, enhanced returns, and insurance protection in one product.
During the policy term, secure your loved ones with life cover equal to Basic Sum Assured + Bonus + FAB (as applicable).
Upon term completion, the policyholder receives maturity benefit including Basic Sum Assured + Bonus + FAB (as applicable).
This plan offers 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.
Enhanced risk cover benefits by opting additional riders such as ADDB, AB, and Term Rider by paying extra premium. PWB is also available for child plans.
Avail tax benefits under Section 80C against every premium paid and receive tax-free maturity amount under Section 10(10D).
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