LIC's BHAGYA LAKSHMI Plan 829

LIC may launch new Micro Insurance plan (As per sources)

BHAGYA LAKSHMI ( Table No. 829 ) UIN :512N292V01

Features and Benefits:

• Minimum age at entry: 18 yrs
• Maximum age at entry: 55 yrs
• Minimum PPT: 5 yrs
• Maximum PPT: 13 yrs
• Minimum policy term: 7 yrs
• Maximum policy term: 15 yrs
• Maximum Mat. Age : 65 Yrs
• Minimum SA : Rs.20000
• Maximum SA : Rs.50000
• SA in multiple of  Rs.1000
• Mode of pre. payment: Yly, Hly, Qly, Mly and SSS.
• Grace Period: 60 days.
• Rebate on Mode: Yly 2%, Hly 1%

BENEFITS :

• On Maturity:110% of premium paid.
• On Death: Sum Assured.