• 9842258234
  • info@licdeva.com
  • It is a non-participating, regular premium, individual life insurance plan which offers life insurance cover cum savings throughout the term of the policy.

    Attractive Guaranteed Additions

    Guaranteed Additions at fixed intervals as per percentage of Annualized Premium


    Flexibility to select Funds

    Below are the Investment Fund Types to provide Long Term Capital appreciation. You can select Fund of your choice.
    Flexi Growth Fund

    Flexi Smart Growth Fund


    Advantages

    Tax Free returns upto 2.5 Lacs
    Four free switches during a policy year

    Age Eligibility as per Basic Sum Assured

    Age at EntrySum Assured
    90 days (completed) to 50 years (nearer Birthday)7 times or 10 times of Annualized Premium
    51 years (nearer Birthday) to 60 years (nearer Birthday)7 times of Annualized Premium

    Policy Term depending on Annualized Premium

    Annualized PremiumPolicy Term
    Less than Rs. 48,00015 to 25 years
    Rs. 48,000 and Above10 to 25 years

    Premium Paying Term is Same As Policy Term

    Guaranteed Additions as per percentage of Annualized Premium

    End of Policy YearAnnualized Premium
    Less Than Rs. 48,000Rs. 48,000 and Above
    63%5%
    106%10%
    1512%20%
    2015%25%
    2518%30%


    Death Benefits

    Before Commencement of Risk: Fund Value as on death

    After Commencement of Risk:

    Higher of…

    Basic Sum Assured reduced by any Partial Withdrawals made during the two years period immediately preceding the date of death

    OR

    Unit Fund Value as on date of Intimation of Death

    OR

    105% of total premiums received upto the date of death reduced by Partial Withdrawal made during the two years period immediately preceding the date of death

    Maturity Benefits

    • Fund Value (plus Mortality Charges, if all premiums are paid)
    • Refund of Mortality Charge shall not be payable in case of Surrendered, Discontinued or Paid-up policy
    Options available under the Plan
    • Surrendered: You can surrender anytime during the Policy Term
    • Switching: Four free switches during a policy year
    • Settlement Option of Death Claim is available
    • Partial Withdrawal: It can be partially withdraw anytime after the 5 years Lock-in-Period
    • Lic’s Linked Accidental Death Benefit Optional Rider is available.
    • Tax Free returns upto 2.5 Lacs