BONUSES
Simple Reversionary Bonus accrues during the premium paying term and is
payable at the end of the term. Even after the death of the life assured
the bonus continue to accrue till the end of the term. ACCIDENT BENIFIT
The double Accident Benefit is available during the term of the policy.
The premium is a flat Rs. 1/= per thousand sum assured p.a. The maximum
Accident Cover available under this plan will be Rs. 2,000,000/= (this
limit includes accident benefit under other plans.)
LOANS
Loans will be granted against the surrender value of the policy after
payment of premiums for at least 3 years. Interest on such loans will
be fixed by LICL from time to time.
REBATES
FOR HIGH SUM ASSURED
Sum
Assured
Rebate
per Rs. 1,000/= S.A.
Less
than Rs. 500,000
Nil
Rs
500,000 to 1 Mn
Rs
2
Over
1 Mn
Rs
3
RESTRICTIONS
The
following restrictions will apply to policies under this plan