LIC Term Assurance Plan a) Temporary Assurance (Table No. 43): It is a term assurance plan which provides risk cover for a short period of two years or less. b) Mortgage redemption Assurance (Table No. 52): Decreasing term assurance policy to meet the requirements of borrowers, where the death benefit is the outstanding loan amount. [...]
Temporary assurance
LIC Temporary Assurance certain without profits Table 43
LIC Table 43 : Temporary Assurance certain without profits Lic Temporary Assurance Conditions: Min. age at entry: 18 years (lbd). Max. age at entry: 60 years (lbd). Min. S.A.: Rs. 3 lakhs Max. SA : 1 crore. SA in multiples: 50,000 Max. Maturity age: 62 years. Modes Allowed: Single only. Terms Allowed: 6/12/18/24 months Accident benefit: Not [...]