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Home »  Products » Withdrawn Plans » LIC's Bima Nivesh 2005 (Plan No. 171) » Benefits

Benefits

  • Guaranteed Additions : Guaranteed additions at the compound rate of Rs.50 per thousand  Sum Assured per annum for the policy with term of 5 years and at the compound rate of Rs.55 per thousand Sum Assured per annum for the policy with term of 10 years.
  • Loyalty Addition : Depending upon the Corporation's experience with regard to mortality, interest and expenses and based on term of the policy, Loyalty addition, if any, may be declared by the corporation and paid on maturity.
  • Maturity Benefit : The Basic Sum Assured along with compounded Guaranteed Additions will be payable.
    Note : Loyalty addition, if any, will also be added to this benefit.
  • Payment on death : In case of the unfortunate death of the Life Assured during the term of the policy, Sum Assured along with the accrued guaranteed additions will be payable.
  • Surrender Value : Surrender value is payable after the policy has run at least for one year.
    Riders : Term Assurance rider is available. 

Last modified date :10/02/2021
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