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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

WHOLE LIFE LIMITED PLAN

Suitability

  • Individuals who wish to provide for their dependants, insured sums at a low cost contributed during the income-earning period can have this policy. Premium payment period can be adjusted to the income-earning period.

Salient Features

  • Sum assured is payable only on the death of the life assured
  • The life assured can select premium paying terms between 5 and 55 years, according to his convenience
  • Premiums cease on death of the life assured
  • Bonus is available even after payment of premium ceases

Benefits

On Death

  • Sum assured + vested bonuses are payable to nominees/beneficiaries on death of life assured only.

Other Conditions

  • Minimum sum assured :
    • With Profit : Rs 20000
    • Without Profit: Rs 50000
  • Minimum premium must be Rs.800 per annum
  • Premium ceasing age : 70 years
  • Minimum age at entry : 12 years
  • Maximum age at entry : 60 years
 
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