Jul 10, 2008

What benefits are not accrued to a Paid-up policy?

A paid-up policy loses all the additional benefits attached to the policy:

Double Accident benefits


Survival benefit installments in the case of money-back policies
A paid-up policy may be free from payment of further premium but is subject to the payment of interest on any loan and other charges, if any are applicable. The interest on the loan must be paid regularly or LIC will start write off the policy towards the repayment of loan amount and the interest in terms of the conditions governing the grant of the loan.
Avdhoot Investment

No comments:

Post a Comment

Welcome to Avdhoot Investment. We offer's Leading Life/ Non-Life Insurance, Investment & Financial Services across Ahmedabad.For more detail log on to Avdhoot Investment