WHOLE LIFE PLANS


WHOLE LIFE PLANS


THE WHOLE LIFE POLICY-2
Min.Age  = 15
Max.Age = 60
Terms = No Fixed
Min.Sum Assured  = Rs 50000
Max.Sum Assured = Any
Max.Maturity Age = 80 Years
Premium Paying Mode : Single/Year/H.year/Qtr/SSS

SUITABILITY:  
Low Premium , Provides High Risk Cover & Financial Security to Family.
PRODUCT:
Risk  is Coverd Throughout  The Life of Policyholder.
In This Plan  No Fixed Premium Paying Terms.
Premiums Shall be Paid, Upto Policyholders 80th Age or 40 Years From
The Date of Commencement (D.O.C)of The Policy Whichever is Later. 
MATURITY BENEFIT:
On Attainment of Policyholder’s Age 80 or on Completion of 40 Years From
The  D.O.C of The Policy, Whichever is Later,
Policyholder Will Get = Sum Assured + Bonus +FAB, if any
DEATH BENEFIT:
On Death of Policyholder  During Policy Year,
Nominee Will Get = Sum Assured + Bonus + FAB if any
EXAMPLE:

AGE=30
TERM= 50yrs
Sum Assured = Rs  2 Lacs
Premium Paying Term = 50 Years
Premium                          = Rs 4941 / Year
MATURITY BENEFIT: 
End of 80th Age,
Policyholder Will Get = Rs 8,00,000
DEATH BENEFIT:
If Policyholder Dies During 10th Year,
Nominee Will Get = Rs  3,00,000


THE WHOLE LIFE POLICY-LIMITED PAYMENT-5
Min.Age  =12
Max.Age =60
Min.Term = 5yrs
Max.Term= 55yrs
Min.Sum Assured  = Rs 50000
Max.Sum Assured = Any
Premium Paying Mode : Single/Year/H.year/Qtr/SSS

SUITABILITY:
Low Premium , Provides High Risk Cover & Financial Security to Family.
PRODUCT:
Risk  is Coverd Throughout  The Life of Policyholder.
In This Plan  No Fixed Premium Paying Terms.
Premiums Shall be Paid, Upto Policyholders 80th Age or 40 Years From
The Date of Commencement (D.O.C)of The Policy Whichever is Later. 
MATURITY BENEFIT:
On Attainment of Policyholder’s Age 80 or on Completion of 40 Years From
The  D.O.C of The Policy, Whichever is Later,
Policyholder Will Get = Sum Assured + Bonus +FAB, if any
DEATH BENEFIT:
On Death of Policyholder  During Policy Year,
Nominee Will Get = Sum Assured + Bonus + FAB if any
EXAMPLE:

AGE=30
TERM=20year
Sum Assured = Rs  2 Lacs
Premium Paying Terms = 20 Years Only
Premium                            = Rs 6648 / Year
MATURITY BENEFIT:    
End of 80th Age,
Policyholder Will Get = Rs 8,00,000
DEATH BENEFIT:
If Policyholder Dies During 10th Year,
Nominee Will Get = Rs  3,00,000


Statutory Warning:
“Some benefits are guaranteed and some benefits are variable with returns based on the  future performance of your insurer carrying on life insurance business.  These assumed    rates of return are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.”
All Calculation Given Above are Refer  only
*Insurance  is  the  subject  matter  of  Solicitation

For Any Clarification Contact

RAVINDRABALAN. S
LIC ADVICER