The best endowment lic plan in India

LIC's The Best Endowment Life Insurance Plan policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are usually payable for the selected term of years or until death if it occurs during the term period.Suitable For:Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time. (LIC of India)
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Lic's Jeevan Saathi Joint Life Double Cover Insurance Policy Detail

LIC's Jeevan Saathi is a best LIC Life Insurance option for married couple. Both Lives are covered in a single Premium.

Death Benefits:
In case either of the couple dies during the policy’s term, two things happen. One, LIC pays to the surviving spouse the full Sum Assured. And, two, the policy continues on the life of the surviving partner without him/her having to pay any further premiums, i.e. the life cover on the survivor continues free of cost.
The Sum Assured is again payable on the death of the other partner in case both the husband and wife were to die during the term of the policy. Vested bonus would also be paid along with the Sum Assured on the second death. In such a case, the death benefit is double the Sum Assured, which is why the policy is called Jeevan Saathi ‘Double Cover’ Joint Life Plan.

For more Detail Visit LIC Jeevan Saathi