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LIC- Marriage
Endowment Or Educational Annuity Plan
Product summary:
This is an Endowment Assurance plan that provides for benefits on or from the
selected maturity date to meet the Marriage/Educational expenses of the named
child.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary
deductions, as opted by you, throughout the term of the policy or earlier death.
Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s
life insurance business. It gets a share of the profits in the form of
bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured
annually at the end of each financial year. Once declared, they form
part of the guaranteed benefits of the plan. Such bonuses are to be added till
maturity even if the life assured dies before the maturity date. Final (Additional)
Bonus may also be payable provided a policy is of a certain minimum term.
Other LIC Plans for Children
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