LIC Table 43 : Temporary Assurance certain without profits

• Lic Temporary Assurance Conditions:

1. Min. age at entry:  18 years (lbd).
2. Max. age at entry:  60 years (lbd).
3. Min. S.A.: Rs. 3 lakhs
4. Max. SA :  1 crore.
5. SA in multiples: 50,000
6. Max. Maturity age: 62 years.
7. Modes Allowed: Single only.
8. Terms Allowed: 6/12/18/24 months
9. Accident benefit: Not Allowed.

• Requirements in writing:

1. Age proof:   Standard.
2. Form Number:  300/340
3. Female lives category: I
4. Dating Back @ 8% : Allowed
5. Non-Medical General:  Not Allowed
6. Non-Medical Professional: Not Allowed
7. Non-Medical Special: Not Allowed
8. Risk Coverage:  SA
9. Actual Sum Assured: Basic SA

• Policy Servicing:

1. Term Rider Option: No.
2. Critical Illness Rider: No.
3. Policy Loan: No.
4. Revival: Yes.
5. Surrender of Policy: No.
6. Survival Benefits: No.
7. Assignment: Yes.
8. Housing Loan: No.

• Lic Table 43 Details:

1. Before completion, age must be admitted.
2. This plan is not allowed to pregant women, physically Handicapped lives and when occupational extra chargeable.
3. SA Rebate:
   a. 5lacs & above but less than 20 lacs         : Re. 1
   b. 20 lacs and above but less than 50 lacs: Rs 1.50
   c. 50 lacs and above: Rs. 2.00
4. Maturity Benefits: No.
5. Temporary Assurance Certain Death Benefits: S.A.
6. Lic Temporary Assurance Details:

• Medical Examination is compulsory, and the proposer is required to pay the medical examination fee.
• Under the without profit plan, the policy will be issued.
• Policy can be allowed to Standard and sub-standard lives up to class-III.
• In the LA’s death occuring within the selected period from the commencement of the policy, the SA will be payable.
• This plan is for insuring non-insurance minded class of lives who require risk cover for a short period of 2 years or less.

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