Life Insurance Products

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 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.

Understand Life Insurance
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Plan No. 945
  • This is the ideal plan for savings & Retirement Planning
  • It provides the guaranteed tax-free Income of 8% of Sum Assured for life time
  • It offers the life cover for life time
  • The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured
  • This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
  • In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
  • The policyholder also has the option of choosing the death benefit in installments
  • LIC also offer the discount in the premium in case the mode of payment is Yearly.
  • The loan is also available to the policyholder after the completion of 1 year of the policy
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 90 Days (Completed)) 55 Years for Payment Term = 15
50 Years for Payment Term = 20
45 Years for Payment Term = 25
40 Years for payment term = 30
Policy Term 100 Years - Age
Premium Payment Term 15, 20 25, & 30 Years
Rider LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider LlC's ACCIDENT BENEFIT RIDER
Rider LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB)
Rider LIC's NEW TERM ASSURANCE RIDER (TR)
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Investment Advisory - Number of Complaints for the month of December 2020

All the beginning of the month Received during the month of December2020 - NIL Resolved during the month of December 2020 - NIL Pending at the end of the month - NIL Resons for pendancy
NIL NIL NIL NIL NIL

Disclosure as per Securities and Exchange Board of India ( Investment Advisors ) Regulations, 2013