Hi friends today I am going to tell you about a good plan that we are offering at LIC. Life insurance companies try to make each and every plan beneficial to their future generations by choosing plans that will benefit you and your future generations.So I request you to know the details of each plan and think what kind of plans you can invest in and invest in that plan. Also one plan that I am going to talk about now is the new endowment plan of LIC. And it does not work with any share market. It is a non-linked plan, offering you a valuable and attractive combination of protection and life saving features.
Also this policy provides financial support to the family of the policyholder in case the policyholder dies before the maturity period.This life insurance company and the surviving policyholder will pay the amount at the time of maturity to his family members. This plan also takes care of liquidity needs through its loan facility and this scheme benefits us tax free. Now let us know about the benefits of this scheme. If the life insurance company pays the deceased person before all the dues and premiums have been paid in this policy, the death benefit will be given to the deceased person by the life insurance company.
If the same plan is lapsed before the end of the plan, then the accumulated amount will be considered and the appropriate interest will be added to it along with the bonus and other additional bonus if any. Also, the “death sum assured” is greater than the basic sum assured or the year. 10 rates of premium are determined to be higher. This death benefit shall not be less than 105% inclusive of all premiums on the date of death.
Also including premium services and taxes thereon, plus additional premium and rider premiums, if any, excluding Maturity Benefit and Basic Sum Assured, vested simple reversionary bonuses and final additional bonus, if any, till the end of the policy term for which all outstanding premiums have been paid. This plan is a lump sum payment on your survival. Also the LIC profit sharing policy participates in the profits of the corporation and the life insurance company is entitled to receive simple reversionary bonuses as announced by the corporation as per the experience of the corporation if your policy is in full effect. Additional bonus may also be declared under the policy in the year leading to the claim by death or maturity of the policyholder, provided the policy is in force for some minimum term.
So by taking such a life insurance plan you will have the opportunity to protect your family even after your death and your children will share your hardships with you because LIC has come up with such plans to ensure that its customers do not face any problem even after their death so you should also think about these schemes.
It is your responsibility to ensure that your family receives the benefits after your death by choosing the announcement as you like and playing accordingly. Also, if you want to know more details about this scheme, please contact the nearest life insurance company LIC, they will tell you all the details about this plan so that the benefits of it will be explained in a way that you can fully understand. About many more such schemes as well as a clarification about how many diseases should be tied about the schemes through articles. Please support my channel. Your support will increase the growth of our channel.