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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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Index Plus
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SIIP
Nivesh Plus
New Endowment Plus
Plan No. 733
It is a Limited Payment Endowment plan which offers a combination of protection and savings.
With a wide range of policy terms from 13 to 25 years and limited PPT (Term - 3), it helps align with your family’s financial objectives.
In case of unfortunate death during the policy term, receive 10% of Sum Assured as Income Benefit every year till maturity, and on maturity get 110% of Sum Assured + Bonus + FAB (if any).
On survival till the end of the policy term, the policyholder receives maturity amount of Sum Assured + Bonus + Final Additional Bonus (if any).
Enhanced risk cover benefits by opting additional riders such as ADDB, AB, and Term Rider by paying extra premium.
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.
Avail tax benefits under Section 80C against every premium paid and receive tax-free maturity amount under Section 10(10D).
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