Sentences with phrase «lump sum premium scheme»
It is a single lump sum premium scheme with a minimum deposit of Rs. 66,665 and a maximum limit of Rs. 6,66,665.
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LIC Jeevan Akshay VI policy is basically a single premium immediate annuity scheme that you can buy easily by paying a lump sum amount.
Instalment Revival - In case if the insured person fails to pay the due premium in lump sum and special revival, he / she can use instalment revival scheme to revive their policy.
Special revival scheme can be availed if the insured person is unable to pay the premium in lump sum.
This scheme caters to annual survival advantages from the end of the payment term of premium until maturity and payment of lump sum at the maturity time or on the demise of the policyholder during the term of the policy.
(c) Single Premium Endowment Plan — LIC Single Premium Endowment Plan is a combination scheme which provides Protection — cum savings where one can pay a premium in a lump sum at the onset of the plan.