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Plan :Bima Shree (848)Product Summary :LIC's Bima Shree plan is a non-linked, with-profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakh especially designed for targeted segment of High Net-worth Individuals.Premium Payment Mode :Yearly, Halfly, Quarterly, Monthly(ECS)Term/Ppt :14/10, 16/12, 18/14 & 20/16 YearsMinimum Entry Age :8 Years completedMaximum Entry Age :55 Years (Nearer Birthday) for Term 1451 Years (Nearer Birthday) for Term 1648 Years (Nearer Birthday) for Term 1845 Years (Nearer Birthday) for Term 20Maximum Maturity Age :69 Years (Nearer Birthday) for term 1467 Years (Nearer Birthday) for term 1666 Years (Nearer Birthday) for term 1865 Years (Nearer Birthday) for term 20Minimum Sum Assured :Rs 10 lakh (Multiple of 1 lakhs thereafter)Maximum Sum Assured :No LimitGuaranteed Addition :Rs 50/- per 1000 SA for 1st 5 yearsRs 55/- per 1000 SA for remaining PPTPolicy Benefits :On Death :Death during 5 yrs : SA on Death + GADeath after 5 yrs : SA on Death + GA + LA*SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums PaidSurvival Benefits :For 14 yrs policy : 30% of BSA in 10th & 12th yearFor 16 yrs policy : 35% in 12th & 14th yearFor 18 yrs policy : 40% in 14th & 16th yearFor 20 yrs policy : 45% in 16th & 18th yearMaturity time : Remaining SA with GA + LA Lic's New Critical Illness Benefit Rider available. Lic's Premium Waiver Benefit Rider available.Surrendered Value :The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.Loan :Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.
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Plan :Cancer Cover (905)Product Summary :This is non-linked, regular premium payment health insurance plan which provides fixed benefit in case life assured is diagnosed with any of the specified early and/or major stage cancer during the policy term, subject to certainterms and conditions.The plan has two benefit options which have to be chosen by the proposer at the outset.Option 1: Level Sum Insured :The Basic Sum Assured remains same thru out the term.Option 2: Increasing Sum Insured :10% increase in Sum assured for 1st 5 years or till diagnosis of specified cancer.Premium Payment Mode:Yearly, HalflyMinimum Entry Age :• 20 Years (completed)Maximum Entry Age :• 65 Years (last birthday)Minimum Policy Term :10 yearsMaximum Policy Term :30 yearsMinimum Sum Assured :• Rs.10, 00, 000Maximum Sum Assured :• Rs.50, 00, 000Basic S.A. shall be in multiple of Rs.1, 00, 000Minimum & Maximum cover ceasing age :50 years & 75 yearsMinimum Premium Rs.2400 p.a. for all modes.Policy Benefits :A. Early stage cancer :Payable once for the 1st ever eventi. Lumpsum 25% of applicable Sum Assured payable andii. Next 3 years premiums waived.B. Major Stage Cancer :i. Lumpsum 100% of applicable Sum Assured payable minus any claim paid for A above if any.ii. 1% of applicable Sum Assured guaranted payable for next 120 months. ANDiii. Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.Surrendered Value :No surrender value will be available under the policy.Loan :No loan will be available under the policy.
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