Single Premium: The policyholder pays the premium amount in a lump sum at the time of policy initiation.

Guaranteed Returns: The plan offers guaranteed returns on the premium amount paid, which is determined at the time of policy initiation.

Maturity Benefit: The policyholder is eligible for a lump sum payout at the end of the policy term.

Death Benefit: In the event of the policyholder’s death during the policy term, the nominee will receive the sum assured, along with any bonuses declared.

Bonus: The plan offers bonuses that are declared by LIC from time to time. These bonuses increase the sum assured and the maturity benefit.

Flexibility: The policyholder has the option to choose the policy term and sum assured.

Tax Benefits: The premium paid is eligible for tax deductions under Section 80C of the Income Tax Act. The maturity benefits are also tax-free under Section 10(10D) of the Income Tax Act.

• Surrender Benefit
• Paid-up Value
• Rider Benefit
  • LIC’s Accidental Death and Disability Benefit Rider
  • LIC’s Accident Benefit Rider
  • LIC’s New Term Assurance Rider
  • LIC’s New Critical Illness Benefit Rider
  • LIC’s Premium Waiver Benefit Rider
• Free Look Period
• Grace Period
• Policy Revival