Assume the company declares an annual bonus of ₹42 per ₹1,000 of the Sum Assured and a Final Additional Bonus of ₹22 per ₹1,000. Calculate the Bonus: (15,00,000/1000) x 42 x 20 = 12.6 Lakh. Calculate the Final Additional Bonus: 15,00,000/1000) x 22 = Rs. Calculate the Total Maturity Value: 15,00,000+12,60,000+33,000 Rs.
Best LIC Policy with High Returns LIC PoliciesEntry AgePolicy Term LIC Index Plus 90 days- 60 years 10 - 25 years LIC Nivesh Plus 90 days- 70 years 10-25 years LIC Jeevan Umang 90days - 55years 100 years LIC Jeevan Utsav 90 days -65 years 100 years minus(-) the age at entry2 more rows
LIC's Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.
Benefits of LIC Jeevan Rakshak Plan Policy Name/CriteriaLIC Jeevan RakshakAccidental Death Rider Maximum Entry age 8 years Maximum Maturity Age 70 years Sum Assured Minimum – INR 75,000 Minimum – INR 75,000 Maximum – INR 2,00,000 Maximum - Equal to the Basic SA1 more row
The LIC Arogya Rakshak is plan number 906 with a Unique Identification Number 512N318V01 under the umbrella of health insurance plans offered by LIC. The plan is a unique benefit-based health insurance policy that provides a comprehensive cover against certain specified health risks.
Solution Age of policyholderPolicy TermMaturity Benefits 35 years 20 years Rs 1,16,500
LIC's Arogya Rakshak (Plan No. 906, UIN : 512N318V01) | Official website of Life Insurance Corporation of India.
Death Claims: Claim form A – Claimant's Statement giving details of the deceased and the claimant. Certified extract from Death Register. Documentary proof of age, if age is not admitted. Evidence of title to the deceased's estate if the policy is not nominated, assigned or issued under M.W.P. Original Policy Document.
The LIC Arogya Rakshak is plan number 906 with a Unique Identification Number 512N318V01 under the umbrella of health insurance plans offered by LIC. The plan is a unique benefit-based health insurance policy that provides a comprehensive cover against certain specified health risks.