It is a non-linked life insurance plan which offers guaranteed returns in the form of Guaranteed Sum Assured and vested reversionary bonuses with Final Additional Bonus. Policy can be availed with duration of 12 years, 16 Years and 21 years and can be taken any person between the ages of 18 years to 62 years with premium payment term as 8 Years and 9 Years only. Minimum available sum assured is Rs. 300000 only.

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Combination of Life insurance & investment

It gives a lump sum amount at the end of term, to take care of important milestones in your life like retirement needs, children’s education, and children’s marriage. In case of unfortunate demise, family needs are taken care.


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Limited Premium Payment Liability

With a commitment of shorter premium term as 8 Years or 9 years, you can have insurance benefits over a Period of 12, 16 or 21 Years. You can restrict payment term.


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Profit Sharing as per Valuation

Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.


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Additional Accident Benefit

By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.


Advantages

Avail Tax benefit on premium paid

Tax Free Maturity Amount

Tension Free Claim Settlement

Conditions

Minimum Age at entry for Life Assured : 18 years Completed

Maximum Age at entry for Life Assured


Maximum Age at entry
TermPPT = 8PPT = 9
(in Years)YearsYears
125762
165959
215454

Policy Term: 12, 16, and 21 Years

Premium Paying Term (PPT): 8 and 9 years

Minimum Basic Sum Assured : ₹ 3,00,000/-

Maximum Sum Assured : No Limit

Mode of Payment : Yearly, Half-Yearly, Quarterly, and Monthly (ECS only through salary deductions)



The Basic Sum Assured shall be in multiples of ₹ 10,000/- only.


DAB Conditions


Minimum Sum Assured : ₹ 10,000/-

Maximum Sum Assured : ₹ 100 Lakh not exceed to the basic sum assured

Minimum Entry Age : 18 years completed

Maximum Entry Age : not exceed 65 years (nearest birthday).

Maximum Maturity Age : 69 years (nearest birthday) for 12 year Term and 8 year PPT & 70 years (nearest birthday) in all other cases The Accident Benefit Sum Assured shall be in multiples of ₹ 10,000 only.



Term Rider Conditions


Minimum Age at entry for Life Assured : 18 years Completed

Maximum Age at entry for Life Assured


Maximum Age at entry
TermPPT = 8PPT = 9
(in Years)YearsYears
125760
165959
215454

Minimum Basic Sum Assured : ₹ 1,00,000/-

Maximum Sum Assured : ₹ 25 Lakh not exceed to the basic sum assured

Term Assurance Rider Sum Assured can be taken in multiples of ₹ 10,000/- only