- Safest way of estate creation as 1 crore is assured on maturity.
- Ideal plan for protection and growth.
- Extra 25% risk cover from day 1 and free risk cover up to age 100 is also possible.
- Surrender and loan facility also available provided premiums have been paid for 3 years.
- Double Tax Benefit available (Premium paid gives 80c benefit up to ₹ 1,50,000 and maturity is also tax free under section 10 (10D)).
- Most suitable for younger age group as the premium starts from as low as approx. ₹ 5,000 monthly.
An Illustration: An example at the age of 30 year
|“CROREPATHY AT MATURITY”|
|Per Day Saving
|Get 1 Crore Maturity after Term||In Case of Death of Policy Holder after Term / Maturity, Nominee will get Guaranteed from LIC