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2/5
LIC’s Nivesh Plus
The Nivesh Plus LIC gives policyholders the option of receiving their death benefit as a lump payment or in monthly installments. Later, in the event of the life assured’s demise, his nominee gets compensated in the same way.
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3/5
LIC’s SIIP
According to the LIC sales brochure, “Basic Sum Assured reduced by partial Withdrawals, if any, made during the two years period immediately preceding the date of death; or, Unit Fund Value; or 105% of the total premiums received upto the date of death reduced by partial Withdrawals, if any, made during the two years period immediately preceding the date of death.”
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4/5
LIC’s New Pension Plus
One of the four useful types of investment funds is where you can choose to invest your premiums. After deducting the Premium Allocation Charge, each Premium paid will be used to buy units of the selected Fund.
According to the sales brochure, “Assured Death Benefit is 105% of the Total Premiums received upto the date of death reduced by Partial Withdrawals made during two-year period immediately preceding the death of the Life Assured.”
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5/5
LIC’s New Endowment Plus
This plan aims to give you a very good combination of protection and long-term savings. It also gives you more flexibility to build a better life and realise your aspirations.
An amount equal to the highest of the following shall be payable:
1) Basic Sum Assured reduced by Partial Withdrawals made during the two years period immediately preceding the date of death; or
2) Unit Fund Value; or
3) 105% of the total premiums received upto the date of death reduced by Partial Withdrawals made during the two years period immediately preceding the date of death
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