LIC Marriage Endowment or Educational Annuity Plan

Recommendations :No

Name of the policy :
LIC Marriage Endowment or Educational Annuity Plan

A brief desciption :

LIC Marriage Endowment/ Education Annuity Plan is a child policy such that Sum Assured plus Bonus would be paid for the child's benefit on the term's maturity even if the Life Insured dies before. Thus, nothing is payable immediately to the nominee on death of the Life Insured, unless accidental; only the future premiums are waived and paid by the company such that the Maturity Benefit of the Sum Assured plus Bonus is duly paid.

Started date :1/7/1985
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 50,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :18-60 Years

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