Compound Reversionary Bonus is expressed as a percentage of sum assured plus accrued bonuses) and it accrues from
sixth policy year onwards.
It also offers you a guaranteed additions during the first five policy years and a compounding reversionary bonus
from sixth policy year onwards.
An additional Loyalty Addition of 0.25 % is paid every year from the end
of sixth policy year, provided all premiums for that year have been paid.
LIC Bima Shree, Table No. 848, is a money back plan which provides guaranteed addition (GAs) at the rate of Rs. 50 per thousand of basic sum assured for first 5 policy years and Rs 55 per thousand of sum assured from
sixth policy year till the year of last premium payment.
Simple Reversionary Bonus will start getting declared and attached to all in - force Policies from
sixth policy year onwards.
This plan comes with guaranteed addition at the rated of Rs. 50 per thousand of basic sum assured for first 5 policy years and Rs 55 per thousand of sum assured
from sixth policy year till the year of last premium payment.
Partial withdrawals can be made from
the sixth policy year onwards.
From
the sixth policy year onwards, the policyholder may opt to increase to decrease the Sum Assured on the condition that all previous premiums are paid.
Terminal Bonus is added at the start of
the sixth policy year.
Partial withdrawals are allowed from
the sixth policy year onward.
This change can be done from
the sixth policy year onwards.
Liquidity is available in the form of partial withdrawals, which are allowed from
the sixth policy year onward.
This policy provides Compound Reversionary Bonus, Interim and Final Bonus that accrue from
the sixth policy year until the age of sixty - five and are paid as part of the Survival Benefit or Death Benefit.
The fund value is payable on the first working day of
the sixth policy year.
This policy provides Simple Reversionary Bonus and Terminal Bonus that accrue from
the sixth policy year until the age of sixty - five and are paid as part of the Survival Benefit or Death Benefit.
Scenario II: In case of Sanjeev's unfortunate demise in
the sixth policy year, his nominee receives a lump sum benefit of Rs. 2,29,660 and the policy gets closed.
Starting from
the sixth policy year, as the time to maturity and to fulfill his financial goals draws closer, his investments are moved
Scenario II: In case of Kamal's unfortunate demise in
the sixth policy year, his nominee receives a lump sum benefit of Rs. 3,17,280 and the policy gets terminated.
It is allowed from
the sixth policy year onwards or after the Life Assured attains age 18, whichever is later.
It is allowed from
the sixth policy year onwards or on the life assured attaining age 18 whichever is later
Loyalty Additions is allocated at the end of every policy year, starting from the end of
the sixth policy year.
An additional Loyalty Addition of 0.25 % is paid every year from the end of
the sixth policy year, provided all premiums for that year have been paid.
Loyalty Additions is allocated as extra units at the end of every policy year, starting from the end of
the sixth policy year.
A maximum of 2 partial withdrawals is allowed during a year and this option can be exercised from
the sixth policy year onwards.