Policybazaar does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices. The reduced Paid Up value is payable on the policy maturity date or on the demise of the Life Insured, before the end of the policy term. Sum assured will be immediately paid to the child.
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This feature is also available in the OneInsure appof course. Nominee is entitled to receive the Maturity Benefit, regardless of whether the Life Insured is alive or not.
LIC Agent & Policy holder App.
This is because they are not in touch with their agents or the company. The Maturity Benefit is paid when the policy tenure is over. How helpful was this page?
LIC calculator gives you a fair estimate of the surrender value, bonus, Loan, paid up and projected maturity value on the basis of the total premium paid. Sum Calcularor in Rs. This is a dynamic LIC policy calculator that will display the following vital information about your LIC policy or policies: Benefits i Death benefit: This makes this tool an LIC all in all calculator.
The Paid-up sum is paid on the policy maturity date or the death if the Life Insured. It is an endowment plan with Loyalty Additions. On death of the Life Assured during the policy term: The maximum Age at Maturity is An amount equal to Critical Illness Rider Sum Assured will be payable in case of diagnosis of defined categories of Lremium Illnesses.
Jeevan Ankur Premium Calculator
Please enter correct sum assured, premium, premium paying term, policy term, last premium paid date and your personal details. The Guaranteed Surrender Value will be as under:. Premium Payment Term in years. This plan offers Loyalty additions on the maturity, regardless of whether the Life Insured is alive or not. What if I want to surrender the policy?
Connect with Us Contact Us Feedback. Under this plan, parents remain the Life Insured and their children remain the nominees. You stop paying the premium — The policy will lapse if the premium stops. To receive these details, all you need to do is follow these steps: The policy shall continue and the benefits shall be payable to the legal heir s.
Sum assured with Loyalty Addition Bonus will be paid at the end of the policy term. Maturity Benefit — When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.
So no premium needs to be paid after that. This rider helps policy holders get an additional Sum Assured for the Critical Illness Rider in case they are diagnosed with a pre-defined set calcultaor Critical Illnesses.
LIC Jeevan Ankur Features | LIC Premium and Maturity Calculator | PolicyTray
Premium Please Enter Premium Amount. Maturity benefits are also tax free under section 10 10 D of Income Tax Act. Loyalty Additions - Loyalty Addition are provided, at the discretion of the insurer, on the date of policy maturity, regardless of whether the Life Insured is alive or not.
Visitors are hereby informed that their information submitted on the website may be shared with insurers. Alternatively, a single premium can be paid. Corporation may, however, pay Special Surrender value, as the discounted jeeva of the Paid-up Sum Assured as applicable on date of surrender, provided the same is higher than Guaranteed Surrender value.
The reduced Paid Up value is payable on the policy maturity date or on the demise of the Life Insured, before the end of the policy term. This plan is specially designed to meet the Child's future requirements either the parent is alive or not.