LIC Kanyadan Policy for your daughter

Description

LIC Kanyadan Policy for your daughter Perfect financial umbrella for your daughter

©kanyadan makes easy even at RISK

✓On death 10% of Sum Assured payable on every policy anniversary after Death till Maturity

✓ On Maturity again payable 110% of Sum Assured+Bonus+FAB

Jeevan Lakshya Table 933

This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

✓Minimum Basic Sum Assured: Rs. 1,00,000/-

✓Maximum Basic Sum Assured: No Limit

✓Minimum Policy Term: 13 years

✓Maximum Policy Term: 25 years

✓Premium Paying Term: (Policy Term – 3) Years

✓Minimum Entry Age: 18 years (completed)

✓Maximum Entry Age: 50 years (nearer birthday)

✓Maximum Age at Maturity for Life Assured: 65 years

✓Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly

On Death: Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable

On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.

• Surrendered Value: The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.

• Loan : Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefit:

✓Premium paid under this plan is eligible for TAX rebate under section 80C.

✓Maturity under this plan is free under sec 10(10D).

Brief policy details with Example:

Calculated on the basis of Age 30 years

Sum Assured : 5 lacs

Policy Term: 21 years

Premium paying Term: 18 years

Yearly Premium: Rs.26560

Total Premium paid: Rs.478665

Maturity Amount at Age 51: Rs.1114500

Natural Risk at Age 34:

Yearly Benefits: Rs.50000 for 17 years from 34 to 50 * 17 years: Rs.850000

On Maturity: Rs.1114500

Total Amount: 850000+1114500=Rs.1964500

Term Rider cases:

Total Amount Rs.1964500+500000= Rs.2464500

Accidental Risk at Age 34:

Double Accident amount at Age 34: Rs.500000

Yearly Benefits: Rs.50000*17 years from 34 to 50: Rs.850000

On Maturity: Rs.1114500

Total Amount: 500000+850000+1114500= Rs.2464500

Term Rider cases:

Total amount Rs.2464500+500000= Rs.2964500

Premium Waiver:

Policy continue but no policy amount to be paid for 17 years from Age 34 to 50 by Nominee.

LIC will pay all pending premiums till term end.

Please contact me for getting your SPECIAL OFFERS today and give a chance to serve you.

TOP FEATURES

✓Policy continues

✓No Premium to be paid by Nominee

✓All unpaid premiums to be paid by LIC

✓Rs.50000 per year as survive benefits to be paid by LIC till policy term

✓Rs.5 lacs to be paid immediately by LIC in case of natural risk

✓Rs.10 lacs to be paid immediately by LIC in case of accidental risk

✓Rs.12.5 lacs approx. to be paid by LIC as maturity benefits upon end of your policy term

✓Revival facility available up to 5 years

✓Surrender facility available after 2 years

✓Loan facility available after 2 years

✓Grace period available up to 30 days

✓Tax rebate available under Section 80C

✓Maturity & Death claim amount: Tax Free as per Sec 10(10D)

✓surprise GIFT