LIC This Policy Advantage & Rs 150 tax investment will get 19 lakh LIC - AmaruOjas.in

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LIC is the most trusted insurance company in the country. Consumers are greatly benefited by investing in this government-run company policy. In this age of rising inflation, it is imperative for each of us to save a certain percentage of our hard earned money and invest it in a policy. Everyone dreams of a better future for their children. The Life Insurance Corporation of India has a similar scheme which has been designed keeping in view the needs of the children. We are talking about LIC’s LIC NEW CHILDREN’S MONEY BACK PLANLIC This Policy Advantage & Rs 150 tax investment will get 19 lakh LIC

Here are the highlights of this policy

• The minimum age for taking out this insurance is 0 years

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• The maximum age for taking insurance is 12 years
• The minimum sum insured is Rs. 1,00,00.
• There is no limit to the maximum sum insured.
• Premium Weaver Benefit Rider- Option available

Money back installment

• The policyholder will get 20% of the sum assured on completion of 18, 20 and 22 years of age.

Maturity Benefit :

• At the time of policy maturity (in case the insured does not die during the term of the policy) the policyholder will get an increased portion of the sum insured with a bonus of 40 per cent

Death Benefit :

• In case of death of the policyholder at the time of the policy term, in addition to the sum insured, a simple reversionary bonus check and a final maximum bonus are given. Death Benefit shall not be less than 105% of the total premium payment

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