Lic India Agent Pune New Lic Policy and Latest Life Insurance Plans India

Lic India Agent Pune New Lic Policy and Latest Life Insurance Plans India

Lic India Agent Pune New Lic Policy and Latest Life Insurance Plans India

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JEEVAN KISHORE
 

Suitability

  • This is an improved version of the New Children's Deferred Assurance plan. Parents or legal guardians can propose the policy for children between ages 1 and 12 years, with risk commencing at an early age

Salient Features

  • Children between ages 1 and 12 years are eligible
  • Parents can propose the child’s life
  • The Plan is basically endowment type i.e. Sum assured is payable either on survival to the term or on death happening within the term

Risk Commencement Age

  • For children aged 1 to 4 years, risk commences from policy anniversary after attaining age 7 years
  • For children aged 5 to 10 years, risk commences from second policy anniversary from the date of commencement of policy
  • For children aged 11 years, risk commences from first policy anniversary from the date of commencement of policy

Benefits

  • On death of child during waiting period all premiums are refunded
  • In case, the proposer i.e. the parent happens to die during the deferment period, the policy has to be continued by regular payment of premiums. (However, by payment of an additional premium, the proposer can secure a waiver of premiums i.e. premium need not be paid on proposer's death till date of vesting)
  • Once the risk is commenced, Sum Assured is payable on survival to term or on earlier death of life assured i.e. the child

Other Conditions

  • Minimum Term : 15 years
  • Maximum Term: 35 years
  • Minimum Sum Assured : Rs.30,000
  • Maximum Sum Assured :
    • For child aged below 10 years: Rs.5,00,000
    • For child aged 11 years: Rs.10,00,000
  • Minimum premium must be Rs.800 per annum
  • Minimum maturity age: 20 years
  • Maximum maturity age: 45 years
  • For children aged 1 to 4 years, certified extracts from Municipal records or horoscope or Baptism certificates, will be accepted as age proof if submitted along with a declaration signed by both the parents
  • For children aged 5 to 11 years, certified extracts from school records will have to submitted
 


Contact Us
1) If you want to Buy New Insurance Policies than call 9422553400 (Pune)
2) If you need a detailed quotation from us as to how much insurance you should really go for. Click here
3) If you have a previous life insurance policy and want servicing for the same. Click here
4) Contact us on email: gulwe@licagent.biz

Lic of India New Lic Policy and Latest Insurance Plans From Lic India
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Lic Agents In areas: (Life Insurance Corporation India)
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bhosari mumbai aundh ahmednagar khed chakan
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talegaon pmt pcmc nagpur aurangabad solapur wai satara
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