Nowadays, everyone takes an insurance plan to secure their future. Because if they get married then their family will always stay safe and their family will not have a problem even when they are not. LIC, LIC's priceless life, 2 term insurance plan will help you in such a system.
Under the scheme of LIC, if the policyholder dies during the policy term, then the nominee will be paid full sum assured. However, this is a term plan, which does not get any maturity benefit.
What will be the premium
If you are 30 years old and the policy term is 20 years then your sum assured will be 15 lakhs.
Premium
Year: Rs 5,345
Six Months: 2,727 Rupees
Daily: 14 rupees
The benefits you get
Death Benefit: On the death of the policy holder during the policy period, the full Sum Insured will be paid to their nominee.
Tax Benefits: Taxes are deducted under Section 80C of tax on premium payment upto Rs 1,50,000 of life insurance per year from your taxable salary, and the amount earned on the nominee is tax-free under Section 10 (10D) of the tax.
Keep this in mind
If you have not paid even then, all your benefits and benefits will be discontinued.
You have to
survive the policy. You can survive your deferred policy. For that you have to pay the premium within 2 years of the last premium paid.
You do not want to
surrender your policy under this plan, you will not get any surrender amount.
read detail
Under the scheme of LIC, if the policyholder dies during the policy term, then the nominee will be paid full sum assured. However, this is a term plan, which does not get any maturity benefit.
What will be the premium
If you are 30 years old and the policy term is 20 years then your sum assured will be 15 lakhs.
Premium
Year: Rs 5,345
Six Months: 2,727 Rupees
Daily: 14 rupees
The benefits you get
Death Benefit: On the death of the policy holder during the policy period, the full Sum Insured will be paid to their nominee.
Tax Benefits: Taxes are deducted under Section 80C of tax on premium payment upto Rs 1,50,000 of life insurance per year from your taxable salary, and the amount earned on the nominee is tax-free under Section 10 (10D) of the tax.
Keep this in mind
If you have not paid even then, all your benefits and benefits will be discontinued.
You have to
survive the policy. You can survive your deferred policy. For that you have to pay the premium within 2 years of the last premium paid.
You do not want to
surrender your policy under this plan, you will not get any surrender amount.
read detail
