Backdating to save age life insurance

Backdating to save age life insurance

Let us consider a Jeevan nidhi example to know about the policy clearly.Case 1: If Vamsi Krishna is going to purchase LIC New Jeevan Nidhi policy at Regular Premiums then the following details are as follows Age : 20 years Term : 35 years Sum Assured : Rs.25,00,000 Now, Vamsi krishna is paying premium with and without tax are given in below table Case 2: If Vamsi Krishna had decided to purchase LIC New Jeevan Nidhi policy at Single Premium then the following details are as follows Age : 20 years Term : 35 years Sum Assured : Rs.25,00,000 Now, Vamsi krishna is paying premium with and without tax are given in below table What happens if policyholder stops paying premium?

Cooling-off Period: If you are not satisfied with this policy term you may return the policy within 15 days from the date of receipt of the policy.Jeevan Lakshya Lic new plan also provides a lump sum amount at the time of maturity regardless of survival of the policyholder.Lic Jeevan Lakshya UIN (Unique Identification Number) is 512N297V01.You can calculate the Lic Jeevan Nidhi Plan 818 Maturity amount and Premium that has to be paid to get all the benefits available under new jeevan nidhi plan 818 policy by using Lic jeevan nidhi premium calculator and lic new jeevan nidhi maturity calculator.Lic jeevan nidhi details are given below Benefit of Vesting : On vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversion bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.

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Comments:

  1. 1
    Steve

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  2. 1
    Steve

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  3. 1
    Steve

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  4. 1
    Steve

    Thanks to its oil reserves Nigeria is one of the most prosperous nations in Africa.

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