LIC Basic Life Insurance Plan offers a basket of schemes to meet various needs o an individual and his/her family (brief details):
LIC Basic Life Insurance Plans:
a) Whole Life Assurance (Table Nos. 2, 5 & 8):
A low cost with-profits insurance plan where the sum assured is payable on death of the life assured alongwith bonuses whenever it occurs. The claim can also be had after the life assured attains 80 years of age – subjected to certain conditions.
Under this plan, the sum assured is payable alongwiith accrued bonuses on maturity or on earlier death of the lie assured.
c) Jeevan Anand (Table No. 149):
A unique with-profits plan which combines the features of Endowment and Whole Life Plans.
d) LIC’s Jeevan Tarang (Table No. 178):
A with-profits Whole Life Money-Back plan which provides for annual survival benefit at a rate of 5.5% of the sum assured after the chosen accumulation period.