Javascript is not currently enabled in your browser.
You must enable Javascript to run this web page correctly.

"CLICK HERE TO APPLY FOR LIC GOLDEN JUBILEE SCHOLARSHIPS 2022"     "RFP for Consultant for HR Systems"     "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form"     'SMS "LICHELP < policy no >" and send it to 9222492224 or 56767877 for Policy Enquiry/Product Query/Registering of complaint under your policy     Notice to Public regarding Combination of Products     " Know your policy details through SMS to 'ASKLIC' (ASKLIC < policy no > PREMIUM/LOAN/BONUS/REVIVAL/NOMINATION) and send it to 9222492224 "     Beware of fake / spurious calls - DOs and DONTs     " FRAUDULENT RECRUITMENT ADs: BEWARE...! "     Beware of Spurious Phone Call and Fictitious/Fraudulent Offers     "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES"     Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here     Basic Safety measures to fight against Coronavirus Disease (COVID-19)     "Revised Working Hours of All Offices of LIC Of India from 10.05.2021, pursuant to Notification S.O.1630(E) Dated 15th April 2021 wherein the CENTRAL GOVERNMENT has Declared Every Saturday as a Public Holiday for Life Insurance Corporation of India."     Also on ALL POSSIBLE digital modes through LIC website without any service charges.     "Individual Pension Policyholders/ Annuitants can submit Digital Life Certificate through mobile app Jeevan Saakshya. App can be downloaded from play store"     For Policy enquiry contact LIC Call Centre Services on (022) 68276827     

Home » Products » Withdrawn Plans » LIC's Mortagage Redemption Assurance (Plan No. 52)


Date of Withdrawal : 16.11.2013
The Mortgage Redemption Assurance policy (without profits) plan is designed to meet the
requirements of the policy holding individual who seeks to ensure that all his outstanding
loans and debts are automatically paid up in the event of his demise.

Under the Mortgage Redemption Assurance policy (without profits)

The proponent will have to bear the cost of the mandatory medical examination.

The policies are usually issued only to male lives aged 50 years or lesser.

The policies are subject to a condition that the insurance cover would not extend beyond 65 years.
All loans must be liquidated by the time the borrower attains the age of 65.

The policies bear no surrender value.

Suitable For:
Middle-aged to elderly professionals whose dependents might need assistance in clearing
their debts in case of their unexpected demise are most suited for the Mortgage Redemption
Assurance policy.