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Life Insurance Products
Get the latest information on all LIC's plans and all private insurance companies.
Founded in 1956,Life Insurance Corporation of India (LIC) is the Largest life insurance company in the country with a total income of Rs. 492626.60 core and total assests worth Rs. 2572028.34Cr It’s fully owned by the Goverment of the Goverment of India & is also the country largest investor.
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Plan Information
- Age Entry : 15-66 yrs
- Max Maturity Age : 75 yrs
- Policy Term : 9/12/15 yrs
- Sum Assured : Min (35k/50k/70k) for 9/12/15 term
- Mode of payment : Single
- ServiceTax : 4.5%
- Loan : After 1 yr
- Surrender : At any time
- Risk Cover : SA+Loyality Addition
- Returns : 15% of SA after every 3 yrs,
On maturity SinglePremium+Loyality Addition
Plan illustration for SA 35 Thousand for term 9 Years and payable Single premium
Single Premium for Age 18
| Premium | GST(4.5%) | Payable Prem |
|---|---|---|
| 26894 | 1277 | 28171 |
- Loyality Addition: 3850
- 3rd Year :5250
- 6th Year :5250
- 9th Year :30744
- Total Returns:2245000
Disclaimer :
The Benefits shown in this presentation are as per the 8% Benefit illustration of LIC of India, Actual values may vary, depends on the corporation profits and experience