This plan was introduced in Oct 92 by LIC and is a modified version of other money back plans offered by LIC. The difference between the other money back plans and this plan is as follows
- Maturity term is more than premium paying term.
- Early and higher rate of survival benefit payment.
- Risk cover increases every five years.
Longer policy terms & limited premium paying terms as under:
| Plan No. |
Policy Term |
Premium Paying Term |
| 108 |
25 years |
18 years |
|
Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.
Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.
| Back | |
