This is a right policy for husband & wife who wants joint life risk cover under a single policy, good returns & tax saving, all in one policy.
Maturity Benefit:
If both husband & wife are alive up to maturity, S.A + Bonus is given.
Death Benefit:
I] On death of either husband or wife, survivor gets S.A immediately & future premiums are waived.
II] If the survivor (husband or wife) survives till maturity, he/she gets S.A again with full bonus.
III] If the survivor also dies before maturity, S.A + Bonus till that time will be paid to nominee.
Example:
Mr. X & Mrs. Y are husband & wife. They take a this policy for 25 years term for Rs 5 Lakhs Sum assured (S.A), they have to pay approximate premium of Rs. 2000 per month.
In this case returns of different possibilities are as under:
1) If Mr. X & Mrs. Y survives till maturity, then they together get 11 Lakhs as a maturity benefit (Rs. 5 Lakhs S.A + 6 Lakhs Bonus)
2) If unfortunately, one of them anytime during the policy term, the survivor gets Rs. 5 Lakhs immediately & need not pay future premiums. Again survivor gets 11 Lakhs as mentioned above if he/she survives till the end of the term.
3) If the survivor too dies before the end of the term after receiving 5 Lakhs, nominee will receive S.A of Rs 5 Lakhs + Bonus till that time.
4) In case both expires due to some accident then the nominee will receive four times of S.A (20 Lakhs) + Bonus accured till their death.
Other Benefits:
i) Income Tax Benefit on premiums paid
ii) Tax free returns
iii) 100 % Security of your fund since you are investing with LIC
iv) We offer other benefits to the clients who take this or any other LIC policy from us.
v) we will give right advice & doorstep service @ YOUR CONVINIENT TIME
PLEASE CONTACT: 9049299100 / 9665874689.
OR E-MAIL: maheshjagtap@yahoo.com, or manishajgtp8@gmail.com
