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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. 768
It is a Limited Premium Whole Life plan that offers a blend of savings and protection, with options to choose limited pay terms of 15, 20, 25, and 30 years.
Guaranteed returns of 8% of Basic Sum Assured after PPT till the policy anniversary prior to the date of maturity.
Being a whole life plan, it secures your loved ones for a lifetime with life cover equal to Basic Sum Assured + Bonus + FAB (as applicable).
On maturity (at age 100), receive the maturity benefit including Basic Sum Assured + Bonus + FAB (as applicable).
This plan offers discounts on premiums for higher purchase price and selected premium payment modes.
In case of 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 age.
Avail tax benefits under Section 80C against every premium paid and receive tax-free maturity amount under Section 10(10D).
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