V Sachithanandan Chief Advisor LIC of India
 
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Plan No. 873
  • Regular Premium Unit Linked Plan with benefits of Insurance and Investment.
  • Guaranteed additions shall be added and converted to units at pre-defined specific intervals.
  • Lower charges ensure better returns at the time of maturity.
  • Insurance coverage will be 7 times if age is above 55 and 10 times for others.
  • You can choose to invest your money in any of the following 2 funds available. I) Flexi Growth Fund II) Flexi Smart Growth Fund.
  • A policyholder can partially withdraw the units at any time after five policy years.
  • Policy can be surrendered at any time during the policy term.
  • Four switches will be allowed free of cost in a policy year.
  • Option to choose Double Accidental Death Benefit up to Rs.1 Crore.
  • In case of Death of Policyholder, nominee will get the Fund Value or Sum Assured whichever is higher.
  • On Maturity the policyholder will get the amount equal to the Fund value of the units.
  • Death Benefit can be opted by exercising 'Settlement Option.
  • Enjoy Income tax benefit under section 80C.
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