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Index Plus (Plan No.: 873)
Attractive Guaranteed Additions
Guaranteed Additions at fixed intervals as per percentage of Annualized Premium
Flexibility to select Funds
Below are the Investment Fund Types to provide Long Term Capital appreciation. You can select Fund of your choice.
Flexi Growth Fund
Flexi Smart Growth Fund
Advantages
Age Eligibility as per Basic Sum Assured
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Age at Entry
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Sum Assured
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|---|---|
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90 days (completed) to 50 years (nearer Birthday)
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7 times or 10 times of Annualized Premium
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51 years (nearer Birthday) to 60 years (nearer Birthday)
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7 times of Annualized Premium
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Policy Term depending on Annualized Premium
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Annualized Premium
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Policy Term
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|---|---|
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Less than Rs. 48,000
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15 to 25 years
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Rs. 48,000 and Above
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10 to 25 years
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Premium Paying Term is Same As Policy Term
Guaranteed Additions as per percentage of Annualized Premium
| End of Policy Year | Annualized Premium | |
| Less Than Rs. 48,000 | Rs. 48,000 and Above | |
| 6 | 3% | 5% |
| 10 | 6% | 10% |
| 15 | 12% | 20% |
| 20 | 15% | 25% |
| 25 | 18% | 30% |
Death Benefit
-
Before Commencement of Risk: Fund Value as on death
After Commencement of Risk:
Higher of…
Basic Sum Assured reduced by any Partial Withdrawals made during the two years period immediately preceding the date of death
OR
Unit Fund Value as on date of Intimation of Death
OR
105% of total premiums received upto the date of death reduced by Partial Withdrawal made during the two years period immediately preceding the date of death
Maturity Benefits
- Fund Value (plus Mortality Charges, if all premiums are paid)
- Refund of Mortality Charge shall not be payable in case of Surrendered, Discontinued or Paid-up policy
cy.
Option to Surrender the Policy
- Surrendered: You can surrender anytime during the Policy Term
- Switching: Four free switches during a policy year
- Settlement Option of Death Claim is available
- Partial Withdrawal: It can be partially withdraw anytime after the 5 years Lock-in-Period
- Lic’s Linked Accidental Death Benefit Optional Rider is available.
- Tax Free returns upto 2.5 Lacs
Value.
About
Our construction business is dedicated to delivering high-quality, innovative building solutions, every project is completed
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+2 237 467 134-98
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About us
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About
Amritbaal (Plan No.: 774)
Guaranteed Additions Every Year
Rs. 80 per Rs. 1000 of Basic Sum Assured for each completed year till the end of the policy term
Option to choose Life Insurance Coverage for your Child as per the needs
You can choose Sum Assured as per the need in future to fulfil your child’s dream
Flexibility to choose Maturity Age from 18 to 25 Years
Choose Maturity Age to cover various needs like Education, Marriage and other needs of your Child.
Advantages
Eligibility Criteria
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Waiting express if prevent it we an musical. Especially reasonable travelling she son.
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Minimum
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Maximum
|
|---|---|---|
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30 Days Completed
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13 Years (completed)
|
|
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Term
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5 Years under Single Premium
10 Years under Limited Premium
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25 Years
|
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Sum Assured
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Rs. 2,00,000
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No Limit
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Premium Paying Term
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5, 6 and 7 Years for Limited Premium
Single Premium
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Premium Modes
Premium can be paid either under Limited Premium payment or Single Premium Payment options under this plan. In case of Limited Premium payment, premium can be paid regularly during the premium paying term with modes of premium payment Yearly, Half-Yearly, Quarterly or Monthly (through NACH only) or through salary deductions (SSS).
Riders Available
Premium Waiver Benefit Rider is available. It can be opted anytime during the minority of the child, provided the outstanding premium paying term is at least 5 years
Guaranteed Additions
Rs. 80 per Rs. 1000 of Basic Sum Assured for each completed year till the end of the policy term
Maturity Benefits
On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with ccrued Guaranteed Additions, shall be payable; where “Sum Assured on Maturity” is equal to Basic Sum Assured.
Data Table 2
Inhabiting discretion the her dispatched decisively boisterous joy. So form were wish open is able of mile of.
Waiting express if prevent it we an musical. Especially reasonable travelling she son.
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Premium Payment
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Option
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Sum Assured on Death is Higher of
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|---|---|---|
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Limited Premium Payment
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1. Annualized Premium shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loading for modal premiums.
2. Single Premium shall be the premium amount chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums, if any.
Death Benefit payable, on death of the Life Assured, during the policy term after the date of commencement of risk but before the date of maturity, provided the policy is in-force, shall be “Sum Assured on Death” along with accrued Guaranteed Additions for in-force policy where “Sum Assured on Death” shall be as per the Option selected.
The death benefit under Limited Premium payment (Option I & Option II) shall not be less than 105% of ‘Total Premiums Paid’ upto the date of death. Where, Total Premiums Paid means the total of all premiums received under the base policy, excluding any extra premium, and taxes, if collected explicitly.
In case LIC’s Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid. However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of risk, the death benefit payable shall be refund of premium(s) paid (excluding taxes, any extra premium, if collected explicitly, rider premium(s), if any), without interest.
Surrender
Under Limited Premium Payment (Option I & Option II), the policy can be surrendered by the policyholder after completion of first policy year provided at least one full years’ premiums has been paid. Under Single Premium Payment (Option III & IV), the policy can be surrendered at any time during the policy term.
Under Limited Premium Payment (Option I & Option II) the policy shall acquire Guaranteed Surrender Value on payment of at least two full years’ premiums and Special Surrender Value after completion of first policy year provided one full year’s premium(s) has been paid.
Loan
Under Limited Premium payment (Option I & Option II), loan can be availed after completion of first policy year provided atleast one full years’ premium has been paid.
Under Single Premium payment (Option III & Option IV), loan can be availed during the policy term at any time after three months from the completion of the policy (i.e. 3 months from the Date of issuance of policy) or after expiry of the Free-Look Period, whichever is later.