tathagata123

1. This policy is a participating one. Means the policy is eligible for a share of profit of the corporation; 2. This policy is an endowment plan which provides insurance and savings; 3. Minimum entry age 18 years; 4. Maximum entry age 50 years; 5. Policy term is minimum 13 Years and maximum 25 Years; 6. Minimum sum assured is ₹1,00,000 and no maximum limit; 7. Premium has to be paid maximum for 22 years(for 25 years policy) i.e. 3 years before maturity; 8. Premium has to be paid minimum for 12 years(for 15 years policy)i.e. 3 years before maturity; 9. No premium is to be paid if the insured dies during the policy paying term; 10. There is a 2% rebate if the premium is paid annually at a time; 11. It offers two optional rider benefits under this policy; 12. This policy provides 10% of the sum assured every year until one year before the maturity if the insured person dies during the policy term. At maturity again sum assured plus revisionary bonus plus final additional bonus is given to the nominee. 14. A loan can be availed against this policy within the surrender value, provided the policy has completed 3 years.

LIC Kanyadan policy