Risk Commencement Date in LIC Bachat Plus Plan In the LIC Bachat Plus Plan...
Life Insurance Corporation of India (LIC) offers a term rider which can be added to savings plans and the policyholder can enjoy the combined benefits of protection and savings.
LIC’s New Term Assurance Rider offers a benefit amount on death of the policyholder and can be attached with a basic plan at a very nominal cost.
Death Benefit:
The family gets an amount equal to the Term Assurance Rider Sum Assured in case of death of life assured.
Survival Benefit:
Nothing is payable if the life insured survives till the end of the policy term.
Eligibility:
LIC’s New Term Assurance Rider offers a benefit amount on death of the policyholder and can be attached with a basic plan at a very nominal cost.
Death Benefit:
The family gets an amount equal to the Term Assurance Rider Sum Assured in case of death of life assured.
Survival Benefit:
Nothing is payable if the life insured survives till the end of the policy term.
Eligibility:
Minimum | Maximum | |
Rider Sum Assured (Rs.) | 100,000 | 25,00,000 |
Age at Entry | 18 | 60 |
Age at Maturity | - | 75 |
Term of Rider | 5 | 35 |
Mode of Premium Payment | Same as basic policy to which rider is attached |
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