Feb 18, 2016 01:38 PM
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Single Premium Endowment Plan: Single Premium Endowment Plan is a participating non linked savings and protection plan. The premium is paid in lump sum when the policy is drawn.
New Endowment Plan:The New Endowment Plan provides a lump sum amount to the policyholder at the time of maturity and offers financial protection to the family members of the policyholder in case of the death of policyholder.
New Jeevan Anand:The New Jeevan Anand policy offers a lump sum amount to the insured at the end of the policy term in case of their survival and also takes care of liquidity needs.
LIC’s Jeevan Rakshak:The LIC’s Jeevan Rakshak pays the policyholder the basic sum assures along with loyalty addition at the end of the policy term.
LIC’s Limited Premium Endowment Plan: In case of the death of the insured during the policy term, the death benefit(Basic Sum assured) along with reversionary bonuses will be paid considering that all the premiums have been paid up until then.
LIC’s Jeevan Sangam: In LIC’s Jeevan Sangam plan, the proposer will have the option of choosing the maturity sum assured and the premium to be paid will be decided on the maturity sum
