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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. 764
It is a Limited Premium, Individual, Savings, Life Insurance Plan which offers a combination of protection and savings.
This plan provides financial assistance for the family in case of unfortunate death of the policyholder during the policy term.
This plan also provides periodic payments at predetermined intervals in the form of Survival Benefits to meet financial needs during the policy term.
This plan is suitable for all age groups from newborn babies (30 days completed) to persons aged 55 years.
Benefit on Death – Life Cover to the extent of Sum Assured on Death + Accrued Guaranteed Addition after commencement of risk and an amount equal to total premiums paid.
Enhanced risk cover benefits by opting additional riders such as (ADDB, AB, PWB, and Term Rider) by paying an extra premium.
Liquidity through Loan and Surrender is available any time after 1 policy year. Loan benefit can be availed once the policy acquires paid-up value.
Avail tax benefits under Section 80C against every premium paid and receive tax-free maturity amount under Section 10(10D).
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