lic’s single premium group insurance
TRANSCRIPT
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LIC’S SINGLE PREMIUM GROUP INSURANCE
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LIC’s Single Premium Group Insurance is a non–linked non-participating single premium group term insurance plan.
This plan offers a flat life cover on death of the group member during the policy term.
An employer willing to cover their employees or a non-employer employee homogeneous group may take this plan for their members.
LIC’s Single premium group insurance
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Benefits
Death Benefit Maturity Benefit
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In case of unfortunate death of a member covered under this plan, Sum Assured in respect of that member shall be payable.
Death Benefit
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On survival to the end of the policy term nothing shall be payable.
Maturity Benefit
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Eligibility conditions Minimum Entry Age 18 years (completed) Maximum Entry Age 60 years (nearest birthday)Maximum Maturity Age 65 years (nearest birthday) Minimum Sum Assured Rs. 5000/- Maximum Sum Assured Rs. 10,00,000/- Policy Term 2 to 7 years Minimum group size 50 members Premium payment mode Single premium only
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No loan is available under this plan.
LOAN
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Taxes including service tax, if any, shall be as per the Tax Laws and the rate of tax as applicable from time to time.
The amount of tax as per the prevailing rates shall be payable by the policyholder on the single premium including extra premium, if any. The amount of tax paid shall not be considered for the calculation of benefits payable under the plan including surrender value.
TAXES
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For more detail Contact at-Building No 32,Phase-2,Block-H,Near Sector-5,Gurgaon,Haryana (122001) Telephone: +91 7319758961 (English),+ 91 9711346765 (Hindi)E-mail: [email protected],[email protected]: www.thepolicykart.com THANK YOU…