Benefits of LIC

Death benefits

In the event that the policyholder dies on amid the policy term, the candidate will get 10 times of annualized premium or 125% of the Basic Sum Assured, vested simple reversionary rewards and last extra reward.

Likewise, the periodical survival benefits which have been paid won't be deducted.

Survival Benefits

In the event that the policyholder survives the policy term, the chosen one will get 20% of the Basic Sum Assured toward the end of each of fifth, tenth and fifteenth policy year and 40% of Sum Assured aside gathered rewards.

Maturity Benefit

On the off chance that the Life Assured Survives gets by till maturity, 40% of the Basic Sum Assured in addition to simple reversionary rewards and last extra bonus will be paid.


LIC's Accidental Death and Disability Benefit Rider

Rider can be picked after payment of extra premium gave the policy is in constrain upon the arrival of the accident. If there should arise an occurrence of accidental death, the Accident Benefit Sum Assured and the death benefit will be paid.

In the event of accidental perpetual inability, an entirety equivalent to the Accident Benefit Sum Assured will be paid over a time of 10 years. Therefore, future premiums for Accident Benefit Sum Assured will be surrendered.

Simple Reversionary Bonus

It is pronounced per thousand Sum Assured toward the end of each a year, taking after which, they frame part of the ensured benefits.

Simple Reversionary Bonus, subsequently, collects amid the premium paying term however is paid toward the end of the term or death in addition to the last extra bonus.

Simple Reversionary Bonuses is announced according to the execution of the Life Insurance Corporation.

Final Addition Bonus

If the policy has been keep running for a base period, last additional bonus might be proclaimed when a claim is made either as a result of death or maturity, gave the policy has been essentially for a minimum term.

Life Insurance Corporation of India

Podanur Branch , Coimabatore.