2010 May | LIC of India

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Endowment Policy


Endowment Plan Summary: It is one of the oldest and popular LIC plan. Endowment plan (Table 14) provides financial assistance to the family of the life assured in the event of policy holders early death or a lumsum amount on policy holders survival upto the selected term. Hence, Endowment plan (Table 14) provides for . . . → Read More: Endowment Policy

Limited Payment Endowment Policy

Limited Payment Endowment Plan Summary: This is an Endowment policy similar to Table No.14. LIC’s Limited Payment Endowment (Table no.48) provides the flexibility of choosing the Premium Paying Term (PPT). If you want to pay premium only for few years then this is right endowment plan for you. All other features are quite similar . . . → Read More: Limited Payment Endowment Policy

Jeevan Saathi

Jeevan Saathi Summary: LIC’s Jeevan Saathi (Table No.89) is specially designed for married couples. It is for husband and wife who wants single policy for joint life risk cover.

Key features:

Unique Joint Life Insurance Policy from India’s No.1 Insurance company Tax benefit You can pay monthly, quarterly, half yearly or yearly premiums.

Maturity . . . → Read More: Jeevan Saathi

Jeevan Mitra

Jeevan Mitra (Double Cover Endowment Plan)

Summary: Jeevan Mitra – Double Cover (Table No.88) is for people who need a big sum assured / financial protection to his/her family in case of unfortunate death during policy period.

Jeevan Mitra plan is not allowed for non-earning majors including students. (i) When occupational extra is chargeable . . . → Read More: Jeevan Mitra

Jeevan Mitra (Triple Cover Endowment Plan)

Jeevan Mitra Summary: Jeevan Mitra – Triple Riskcover plan (Table No.133) is a refined version of endowment plan. Jeevan Mitra – Triple Riskcover is ideal for the persons who require high risk cover and at the same time want provision for certain needs. This plan is also good for persons availing housing loans etc.

. . . → Read More: Jeevan Mitra (Triple Cover Endowment Plan)



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