- Safest way of estate creation as 1 crore is assured on maturity.
- Ideal plan for protection and growth.
- Extra 25% risk cover from day 1 and free risk cover up to age 100 is also possible.
- Surrender and loan facility also available provided premiums have been paid for 3 years.
- Double Tax Benefit available [Premium paid gives 80c benefit up to ₹ 1,50,000 and maturity is also tax free under section 10 (10D)].
- Most suitable for younger age group as the premium starts from as low as approx. ₹ 5,000 monthly.
An Illustration: An example at the age of 30 year
|CROREPATI AT MATURITY|
|Per Day Saving (Approx.) ₹||Get 1 Crore Maturity after Term||In Case of Death of Policy Holder after Term / Maturity, Nominee will get Guaranteed from LIC ₹|
Disclaimer: “Crorepati at Maturity” is a concept name only and the plan used for this concept is of LIC of INDIA.