Mr.Pradeep Diwan LIC Agent 7C / 8C, Parekh Nagar Indl. Estate,
S. V. Road, Kandivli (West), Mumbai -
400067 Maharashtra, India. Tel: 28050377/
28055576 Fax: 28056748 Cell: 9324422924 pradeep@licinsurance.com
The
Convertible Term Assurance Policy
This
plan of assurance is designed to meet the needs
of those who are initially unable to pay the
larger premium required for a Whole Life or
Endowment Assurance Policy, but hope to be able
to pay for such a policy in the near future.
This
plan would be found useful also in cases where
it is desired to leave the final decision as
to the plan to a later date when, perhaps a
better choice could be made.
Policy
holders get an option of converting an policy
into endowment assurance or limited payment
whole life assurance.
Suitable
For
For all people with earned income under Category
I and unearned incomes under Category II, basically
Standard and sub-Standard lives attracting EMR
classes I and II.
Survival
Benefit
Not Applicable
Death
Benefit
The sum assured is payable only in the event
of death of the Life Assured before the expiry
of the specified term.
