Product Summary: This is an Endowment Assurance plan designed to enable a parent or a legal guardian or any near relative of the child (called proposer) to provide insurance cover on the life of the child (called life assured). The plan has two stages, one...
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business after the deferred date.
This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child.
Life Gain Endowment (Participating Plan) provides you with an insurance cover that is guaranteed during the tenure of the policy.
Premiums are usually payable for the selected term of years or until death if it occurs during the term period.
Paid in Cash – Bonus declared by the company will be paid out to the policy holder.
Details of LIC The Endowment Assurance Policy – Limited Payment.
During the term of the plan, returns are earned on a compounding basis, accumulating to create a substantial corpus for you.
Thrice the Sum Assured plus all bonuses on the basic sum assured to date is payable in a lump sum upon the death of the life assured.
The Sum Assured plus all bonuses declared up to maturity date is payable in a lump sum on survival to the end of the policy term.