Hi Everyone Today I am going to tell you about another best plan offered by LIC. Also, you can carefully observe the details about this plan. I will say that this is the best policy in LIC because you will get 50 lakhs, so you can take this plan online. Also this policy can be purchased through the website. Similarly, this plan is a term insurance policy and in case of death of the applicant in this plan, the full amount is given to his nominee. Similarly LIC Tech Term Plan No. 854 is considered as the best policy in LIC. Also, this policy term is cheaper than all LIC term policies. The people taking these policies are anyone between 18 years to 65 years are eligible for this plan and in this plan you have to take at least 50 lakhs of police because the life insurance company does not allow you to take less than that. Also you need to know that this policy is valid only till a person attains 80 years of age.
This policy allows you to take a minimum of 10 years and a maximum of 40 years. It states that this policy is only available to people who have their own income. Similarly this policy gives you the option to pay in three premium mode Regular premium i.e. the number of years of the policy for which the premium has to be paid for that year because under limited generation you can pay the premium as long as the entire policy period i.e. five years less or ten years less. Also the second one.
This policy allows you to take a minimum of 10 years and a maximum of 40 years. It states that this policy is only available to people who have their own income. Similarly this policy gives you the option to pay in three premium mode Regular premium i.e. the number of years of the policy for which the premium has to be paid for that year because under limited generation you can pay the premium as long as the entire policy period i.e. five years less or ten years less. Also the second one.
Also the third option is single premium policy in which you have to pay the full amount at once. Also let us now know about the details of the policy. If you choose this policy, the biggest future of the person is the death benefit. Why I am saying this term is that you can get money through the life insurance company in three ways. After the death of a person, this amount is given to his nominee in one go.
Also the second method is installments in which the nominal amount is paid every five years or ten years or once in 15 years i.e. you get the entire amount that you have committed. Similarly if the third option is chosen there will be installments A portion of this amount is paid to you in 5 years, 10 years or 15 years. When you take this policy, the insurer can choose one of the three options I have mentioned above. Similarly, there is another benefit in this policy which is that the non-smoker pays a lower premium by the life insurance company.
Similarly, if a woman opts for this policy, she will also get a discount on the premium. Now let’s know when and how much premium we have to pay. Similarly, different premiums have been designed for different age groups in this policy. If a 21-year-old takes a 20-year policy, he will have to pay Rs 6,438 every year. 8,826 for a 40-year policy. Similarly, if a 40-year-old takes the LIC Tech term plan for 20 years, he will have to pay Rs 16,249. This premium for 40 years will be Rs 28,886. This policy is an online policy as well as you can take it online.
You can avail this policy by visiting LIC website. This policy is a term insurance policy so if the insured dies he gets the entire sum assured. This does not include maturity money with other policies. Life insurance companies claim that if the insured survives till the end of the policy period, they will not get any money. Also we have death benefit facilities which include various facilities to his nominee if the insured dies during this policy.
Limited premium and regular premium plans have the same facilities, but there is some difference between single premium.
In case of death of the insured the nominee will get 7 times their annual income.
In case of death the insured will get 105% of the total amount of the nominee till that date. The total sum assured will be given to the nominee.
