Within 5 years from the date of policy: Basic sum assured i.e. 10
times the tabular single premiums shall be payable
However, LIC smartly circumvented the issue by specifying the Death benefit as atleast 10
times tabular single premium.
Sum Assured has been kept 10
times tabular premium to keep the benefit under Section 10 (10D) intact.
10
times Tabular Single Premium (will exclude any loading after underwriting).
Not exact matches
When, in the foreseeable future, a
tabular iceberg nearly seven
times the size of Berlin breaks off the Larsen C Ice Shelf in the Antarctic, it will begin a journey, the course of which climate researchers at the Alfred Wegener Institute Helmholtz Centre for Polar and Marine Research (AWI) can accurately predict.
The risk cover under Jeevan Utkarsh is ten
times of
tabular Continue Reading...
The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from
time to
time The plan is also providing a death benefit that would be ten
times of the
tabular single premium along with some loyalty addition.
Suppose if a policyholder dies after 5 years of policy opening but before the policy maturity date, then the sum assured on death equals to 10
times of the single
tabular premium paid along with the Loyalty amount.
LIC has formally launched a new single premium plan, Jeevan Utkarsh, which offers a combination of protection and savings wherein the risk cover is ten
times of
tabular single premium from date of commencement of risk.
Death Benefit under this plan = 10
times of
tabular premium amount ie Single premium amount — Service Tax.
The risk cover under Jeevan Utkarsh is ten
times of
tabular single premium amount.