About us
Home
About
Bima Lakshmi (Plan No.: 881)
Specially designed insurance plan exclusively for females
Specially designed insurance plan exclusively for females, offering a combination of protection, savings, and survival benefits
Limited Premium Payment plan with Guaranteed Additions
This plan is a Limited Premium Payment plan with Guaranteed Additions and provides life cover, savings and survival benefits as per the Option chosen. This plan also provides a lumpsum payment along with accrued Guaranteed Additions at the time of maturity to the surviving policyholder.
Accident Benefit
If this rider is opted for, in case of accidental death, the Accident Benefit Sum Assured will be payable in lumpsum along with the death benefit under the Base plan.
Eligibility Criteria
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.
|
|
Minimum
|
Maximum
|
|---|---|---|
|
30 Days Completed
|
50 Years (Nearer Birthday)
|
|
|
Term
|
25 Years
|
|
|
PPT
|
7 Years to 15 Years
|
|
|
Sum Assured
|
₹ 2,00,000/-
|
No Limit
|
Premium Modes
Yearly, Half-Yearly, Quarterly and Monthly (NACH only) or through salary deductions (SSS).
Riders Available
LIC’s Accidental Death & Disability Benefit Rider
LIC’s Accident Benefit Rider
LIC’s New Term Assurance Rider
LIC’s Premium Waiver Benefit Rider
Death Benefit
I. If atleast one full year’s premiums but less than 3 full years’ premiums have been paid:
a) On death of the Life Assured after completion of Grace Period:
Death Paid-Up Sum Assured shall be payable. In addition, accrued Guaranteed Additions at the applicable rates shall also be payable.
b) On Life Assured surviving to the Maturity Date:
Maturity Paid-Up Sum Assured shall be payable. In addition, accrued Guaranteed Additions at the applicable rates shall also be payable. I
I. If at least three full years’ premiums have been paid.
Under a paid-up policy, where atleast three full years’ premiums have been paid, Auto Cover Period as mentioned below shall be applicable.
Auto Cover Period:
“Auto Cover Period” under a paid-up policy shall be the period from due date of First Unpaid Premium (FUP). The duration of Auto Cover Period shall be as under:
1. If at least three full years’ but less than five full years’ premiums have been paid under a policy and any subsequent premium is not duly paid: Auto Cover Period of six months shall be available.
2. If at least five full years’ premiums have been paid under a policy and any subsequent premium is not duly paid: Auto Cover Period of two years shall be available.
A. The benefits payable under a paid-up policy during Auto Cover Period shall be as follows:
1. On death after completion of grace period but during Auto Cover Period: Death benefit as payable under an in-force policy shall be paid after deduction of (a) the unpaid premium(s) in respect of the Base policy with interest thereon upto the date of death, and (b) the balance premium(s) for the Base policy falling due from the date of death and before the next policy anniversary, if any.
This provision of Death Benefit during Auto Cover shall not be applicable in case of death due to suicide during the Auto Cover Period. In such cases, payments as per Para 11 B (1) or Para 18, whichever is applicable, shall be made.
2. On Maturity: Maturity Paid-up Sum Assured shall be payable. In addition , accrued Guaranteed Additions at the applicable rates shall also be payable on maturity.
B. The benefits payable under a paid-up policy after the expiry of Auto Cover Period shall be as follows:
1. On Death: Death Paid-up Sum Assured shall be payable. In addition, accrued Guaranteed Additions at the applicable rates shall also be payable.
2. On Maturity: Maturity Paid-up Sum Assured shall be payable. In addition, accrued Guaranteed Additions at the applicable rates shall also be payable.
The Death Benefit under a Paid-Up policy shall not be less than 105% of total premiums paid upto the date of death.
Maturity Benefit:
On the Life Assured surviving to the end of each of the specified durations during the policy term, provided all due premiums have been paid, Survival Benefit in lumpsum or a specified percentage of Basic Sum Assured shall be payable to the Life Assured at periodic intervals depending on the Option chosen at the proposal stage. This Option once chosen cannot be changed later.
Option A:
On the Life Assured surviving to the end of the Premium Paying Term provided all due premiums have been paid, 50 % of Basic Sum Assured shall be payable as Survival Benefit at the end of the Premium Paying Term.
Option B and Option C:
On the Life Assured surviving to the end of the specified policy years provided all due premiums have been paid, an amount equal to a specified percentage of the Basic Sum Assured shall be payable as Survival Benefit as per the chosen Option.
Loan Facility is available after completion of first policy year provided one full year’s premium has been paid.
Option to Surrender the Policy
The policy can be surrendered by the policyholder after completion of first policy year provided atleast one full year’s premium(s) has been paid. However, the policy shall acquire Guaranteed Surrender Value on payment of atleast two full years’ premiums and Special Surrender Value after completion of first policy year provided one full year’s premium(s) has been paid. On surrender of an in-force or paid-up policy, the Corporation shall pay the surrender value equal to higher of Guaranteed Surrender Value and Special Surrender Value.
About
Our construction business is dedicated to delivering high-quality, innovative building solutions, every project is completed
Company
Quick Links
Contact
+2 237 467 134-98
example@email.com
6391 Elgin St. Celina, Delaware 10299
Copyright © 2025 All Right Reserved KONSTA