At any time, he can decide to pre-pone the maturity benefit and avail the full benefits due i.e. 100 % Sum Assured plus accrued
bonus till date plus terminal bonus, if any.
Anytime during the Flexi benefit period, you can decide to pre-pone the Maturity benefit of your policy and enjoy the full benefits due in the Policy (i.e. 100 % of Sum Assured plus accrued
bonus till date plus terminal bonus (if any).
If the policyholder expires during the policy's term, it will immediately bestow the death benefit along with the accumulated
bonus till date to the nominee.
If he has opted for a money back life insurance plan, only Rs. 20 lakh along with all the accrued
bonuses till date becomes payable.
The policyholder can decide to withdraw his savings anytime during the Flexi benefit period (that is, the last 10 years of the policy term) and avail the maturity benefits (100 per cent of sum assured plus accrued reversionary
bonus till date plus terminal bonus, if any).
Along with the accrued Reversionary
Bonus till date of death as Death Benefit and the policy would be terminated.
Vested
bonus till date is Rs. 175500.
Anytime during the Flexi benefit period, you can decide to pre-pone the Maturity benefit of your policy and enjoy the full benefits due in the Policy (i.e. 100 % of Sum Assured plus accrued
bonus till date plus terminal bonus (if any).
Along with that, the nominee will also receive accrued terminal and reversionary
bonus till the date of death and the policy terminates.
Scenario II: In the event of death of Ramesh, the policy pays his family the sum assured on death of Rs 80,000 and vested
bonus till the date of death.
Anytime during the Flexi benefit period, the policyholder can decide to pre-pone the maturity benefit of the policy and avail the full benefits due in the policy (i.e. 100 % of Sum Assured plus accrued
bonus till date plus terminal bonus (if any).
In the event of unfortunate demise of the life insured, 100 % of sum assured plus accrued
bonuses till the date of death is payable.
In the event of the demise of Hitesh at 22nd policy year, 100 % of sum assured plus accrued
bonuses till the date of death is payable as a lump sum.
Not exact matches
After getting in touch with the LIC agent, he is telling that the total value of the policy is Rs 1,76,512 (premiums paid
till date — Rs 1,09,512 plus
Bonus of Rs 67000.
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of 125 % of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary
bonuses and a Final Additional
Bonus, if any, is paid subject to a minimum of 105 % of all premiums paid
till the
date of death
Under this LIC child plan, in case of death post the deferment period, the Sum Assured on death which is higher of the chosen Sum Assured or 10 times the annual premium, vested simple reversionary
bonuses and a Final Additional
Bonus, if any, is paid, subject to a minimum of 105 % of all premiums paid
till the
date of death
In case of death of the insured during the tenure of the plan, higher of the Guaranteed Sum Assured on death or 10 or 7 times the annual premium depending on the age of the insured is paid along with the vested
bonuses subject to a minimum of 105 % of all premiums paid
till the
date of death.
If death occurs, the Sum Assured on death is payable which is higher of the Sum Assured or 10 times the annual premium or 105 % of all premiums paid
till the
date of death and the vested reversionary
bonuses with any Terminal
Bonus
In case of death of the insured during the tenure of the plan, a benefit higher of 10 times the annual premium or base Sum Assured or minimum guaranteed Maturity Sum Assured or 105 % of all premiums paid
till the
date of death is payable along with the vested reversionary
bonuses.
In case of death, higher of the Sum Assured or 10 times the annual premium including the vested
bonus, interim
bonus and terminal
bonus, if any is paid subject to a minimum of 105 % of the total premiums paid
till the
date of death.
In case of death higher of the Sum Assured on maturity or 10 / 7 times the annual premium including the guaranteed additions, vested
bonuses and terminal
bonus, if any, is paid subject to a minimum of 105 % of all premiums paid
till the
date of death
Maturity Benefits: On survival
till the
date of maturity, Guaranteed Maturity Benefit + Guaranteed Additions + Vesting
Bonus + Interim
Bonus + Terminal
Bonus Where,
Vesting Benefits If the insured survives and the policy is in - force
till Vesting
Date, the Vesting Benefit shall be: Base Sum Assured + Accrued Simple Reversionary
Bonus + Terminal
Bonus, if any.
Total premiums paid compounded monthly at 1 % p.a. interest plus accrued guaranteed additions plus accrued
bonuses till the death of death, OR 105 % of all premiums paid
till the
date of death Upon death of the policyholder, the nominee shall have the option to
Sum of all premiums paid plus accrued compounded reversionary
bonuses, if any, with a minimum guarantee of 105 % of premiums paid
till date
Higher of Death Sum Assured plus Accrued
Bonuses and Terminal
Bonus (if any) or 105 % of the total premium paid
till date of death
If death occurs after the completion of the Premium Paying Term, the accrued
bonuses and any Terminal
Bonus is paid to the nominee subject to a minimum of 05 % of all premiums paid
till the
date of death
In case of death post the first 5 years, the chosen Sum Assured under the LIC pension plan including the accumulated Guaranteed Additions, Simple Reversionary
Bonuses and Final Additional
Bonus, if any
till the
date of death is payable to the nominee who can avail the death benefit whether in lump sum or annuity or partly in lump sum and partly in annuity depending on his choice
Maturity Benefits: If the insured survives
till the maturity
date, the he shall receive the Base Sum Assured plus accrued Simple Reversionary
Bonus plus Terminal
Bonus.
Your surrender value will also include a part of the
bonus that you have accrued
till that
date, ranging from 4.8 % in case of surrender in your second year to 60 % in case of surrender in the last year, of a 25 year policy.
At the end of your policy period, you will get a maturity benefit, which will include all the premiums you have paid
till date, plus revisionary
bonus and terminal
bonus.
Whenever a policy is matured for payment in any financial year and the
bonus is not declared
till that
date, then for the last year, LIC adds the interim
bonus.
On death during the policy term, the nominee will get higher of the SA payable on death including
bonuses or 105 % of all premiums paid
till date of death
In the case of policy maturing from Jan to March they already get the complete
bonus, even interim
bonus is also not required since the
bonus is already declared
till the
date of maturity of these policies.
In case the insured dies post deferment period, the sum assured that is the higher of chosen sum assured or 10 times the annual premium, vested simple reversionary
bonuses and final addition
bonus, if any shall be paid, subject to a minimum of 105 % of all premiums paid
till the
date of death
In case the insured person dies without surviving
till the maturity
date, the nominee of the insured person would be paid the «Sum Assured on Death» + vested
bonuses as Death Benefit.
In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid
till date +
Bonuses
In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid
till date +
Bonuses, subject to a minimum of 105 % of total premiums paid
till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.
GSV = (total premiums paid
till the
date of surrender * GSV1 Factor) + (Vested
bonuses * GSV2factor of
bonus)
Till date on LIC site, the
bonus is showing Rs. 57600 / -.
This
bonus amount is added from the
date of commencement of the policy
till death or completion of the policy term, whichever is earlier.
On the death of the life insured during the policy term in an active policy, the payout to the nominee will be higher of Sum assured plus accrued
bonuses or 105 % of all premium paid
till date.
Scenario A: On survival of Mr. Raj In case of survival of the life insured
till the vesting
date, an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary
bonuses and Final Additional
bonus is payable.
On survival of the life assured
till the
date of maturity, sum assured on maturity along with vested Simple Reversionary
Bonuses and Final Additional
Bonus is payable, provided the policy is in - force.
Death Benefit payable is the Sum Assured on Death plus Assured Payouts plus
bonuses accrued
till policy maturity
date.
On survival of the life insured
till the end of the policy term, the Policy Account Value including terminal
bonus interest rate as calculated on the maturity
date and it is payable as a lump sum.
Scenario A - Maturity Benefit: In case of his survival
till maturity of the policy, the Policy Account Value including terminal
bonus interest rate as calculated on the maturity
date and it is payable as a lump sum.
Scenario A: On survival of Arun In the event of survival of Arun
till the
date of maturity, added annual
bonuses and final
bonus are payable (as applicable).
In the event of survival of the life insured
till the maturity
date, added annual
bonuses and final
bonus are payable.
Reversionary
Bonus continues to be accrued
till maturity and policy continue
till maturity
date and the maturity benefit is payable at maturity to the beneficiary / nominee.