LIC Whole Life Policy

Recommendations :No

Name of the policy :
LIC Whole Life Policy

A brief desciption :

In LIC Whole Life Policy, the premium is paid for 35 years or till the life insured is 80 years old. The Life Insured can choose to withdraw the Sum Assured + accrued Bonuses declared under the policy anytime after 40 years from the date of commencement of the policy provided the life insured has attained a minimum age of 80 years. However, if the Life Insured dies, then his nominee would be given the Sum Assured + accrued Bonuses and the policy would be terminated.

Started date :1/9/1956
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 :15-60 years

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