Life Insurance Corporation of India (LIC) on Monday presented a non-connected, non-partaking, individual reserve funds life coverage plan. The guarantor added that there are exceptional premium rates for female lives and the arrangement is permitted to the third sexual orientation.
The arrangement, Dhan Rekha, gives a level of the essential aggregate guaranteed as endurance benefit at ordinary stretches beginning from the finish of the superior paying term, given that the strategy is in power, the back up plan said in astatement.
On development, the policyholder will get full total guaranteed without the allowance of the cash back sum got alongside gathered ensured options, the assertion added.
For single premium demise, the aggregate guaranteed is 125% of the essential total guaranteed in addition to ensured augmentations .
The minimum sum guaranteed under this arrangement is Rs 2 lakh and no restriction for the maximum sum guaranteed.
The minimum age at entry goes from 90 days to eight years and the greatest age at the passage goes from 35 years to 55 years, contingent on the picked strategy term, the assertion said.
