Limited Premium Conventional Plan
It is endowment plan with guaranteed amount – Lump sum amount received on maturity and be reinvested to buy pension or can be used to take care of any financial need.
Annual Income Benefit with PWB
In case of sudden demise of policyholder, an annual income benefit equal to 10 % of basic sum assured payable every year and future premium will be waived. Also after the end of policy term, maturity benefit in the form 110% of Basic Sum Assured with Bonuses will be payable.
Profit Sharing as per Valuation
Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.