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Negotiable LIC S Bima Account - I Table No.- (805) by Sudhansh Arora

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Summary
» LIC S Bima Account - I Table No.- (805) by Sudhansh Arora
» Price :  Negotiable
sudhansh arora (Registered since October-2008) updated this ad 537 days ago via website on Clickindia
Description

LIC’s Bima Account - I (UIN: 512N263V01)

“LIC’s Bima Account – I ” is a simple non-linked plan under which you can be covered without undergoing any medical examination subject to certain conditions.
 
This plan offers you everything you think of an insurance plan should provide:

  1. Simplicity
  2. Liquidity
  3. Guaranteed minimum return
  4. No medical examination
  5. Transparent charges
  6. Risk cover

Under this plan, the premiums paid by you, after deduction of charges, will be credited to the Policyholder’s Account maintained separately for each policyholder. The risk cover will be provided by deduction of mortality charges from the Policyholder’s Account.

If all due premiums are paid, the amount held in your Policyholder’s Account will earn an annual interest rate of 6% p.a. which will be guaranteed for whole of the policy term. In addition to this guaranteed return, if all due premiums are paid, your account may earn an additional return depending upon the experience under this plan.

You will also have an option to pay additional (Top-up) premiums without any increase in risk cover.

Loan facility will also be available immediately after first policy anniversary.

PAYMENT OF PREMIUMS: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the term of the policy.

 Policyholder’s Account shall consist of 2 parts:

  1. Policyholder’s Regular Premium Account - to which regular premiums, net of charges, shall be credited.
  2. Policyholder’s Top-up Premium Account - to which Top-up premiums, net of charges, shall be credited.

    ELIGIBILITY CONDITIONS  AND  OTHER  RESTRICTIONS:

             (in years)

  1. Minimum Entry Age              :     11 (completed)
  2. Maximum Entry Age             :     50 (nearest birthday)
  3. Policy Term                           :     5 to 7 
  4. Minimum Maturity Age          :     18 (completed)
  5. Maximum Maturity Age         :     57

Mode           Instalment premium
                       Minimum           Maximum       

Yearly            7,000        14,000 
Half-yearly     4,000        7,000 
Quarterly       2,000        3,500 
Monthly (ECS) 600          1,100     
        
                           Top-up premium:  1000      

 Minimum Sum Assured: 10 times the annualized premium.

  • 20 times up to age 35 years
  • 14 for age between 36 to45years
  • 10 for age between 46 to 50 years
    The maximum Sum Assured shall be subject to maximum non-medical limit applicable for the life to be assured.
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Contact Person : Sudhansh Arora
Location address : Noida, Delhi & NCR
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