What is marriage Endowment Educational Annuity Plan Plan 90?
What is marriage Endowment Educational Annuity Plan Plan 90?
LIC’s Marriage Endowment/Educational Annuity Plan – Table 90 – is a specialized endowment assurance plan intended to help parents of young children to manage the marriage/educational expenses. LIC has withdrawn this plan from sale and hence it is no more available.
What is marriage endowment plan?
The Marriage Endowment Plan from the Life Insurance Corporation of India (LIC) is an endowment insurance policy that allows parents, by way of the payouts provided on the maturity date, to meet the financial needs of their children.
What is educational annuity policy?
Education Annuity policy Education plans are designed towards saving for the future of insured’s children education. The plans are customized based on the customers’ preferences. The premium depends on the sum assured, period of insurance, and the age of the insured.
What are the benefits of LIC new endowment plan 814?
LIC New Endowment Plan (814) Details Low premium in comparison other plan in this category. Eligible for bonus and Final Addition bonus declared by LIC. Double Accidental benefit with rider. Tax saving on premium paid.
Which LIC plan is best for child?
The parent can pick the one that best suits their needs and requirements and the one they believe would be best for their child. A few LIC policies for the girl child in India are mentioned as follows: LIC Jeevan Tarun. LIC Jeevan Labh….Eligibility:
| PARAMETER | MINIMUM | MAXIMUM |
|---|---|---|
| Premium Paying Term | 10 years | 16 years |
How is LIC endowment maturity amount calculated?
Details of your Plan:
- Sum Assured (A): = Rs. 5,00,000.
- Total Bonus Amount on Maturity (B): * = Rs. 1000.
- Maturity Amount (A+B): = Rs. 35,000.
- Period of Maturity = Dec, 2021.
What is education endowment policy?
Educational Endowment Policy provides for the payment of the sum assured at maturity or prior death of the life assured. The maturity Benefit which is double the sum assured is paid at Age 17 or Age 19 (depend on the option) of the child while the basic sum assured with accrued bonus is paid on death prior to maturity.
Which is best policy in LIC for girl child?
What is child endowment policy?
A child endowment insurance policy is a life insurance plan that offers the dual benefits of life protection and savings under a single policy. A significant feature of a child endowment policy is that the sum assured is a guaranteed payment upon the parents’ death or when the child attains the maturity age.
What is endowment / educational annuity plan in LIC?
LIC Marriage Endowment / Educational Annuity Plan provides benefits on selected maturity date. This plan can be taken to ensure that you have enough cash flow for meeting the expenses of your child’s education or marriage. An Endowment Assurance Plan.
What is marriage endowment/educational Assurance Plan?
Marriage Endowment/Educational Assurance plan is a kind of endowment policy.It is mainly suitable to meet the needs of marriage or higher education of the policyholder’s children .In case of early death of the policy holder, the nominee will not get the S.A. and bonus immediately.
What is an education annuity plan?
LIC Marriage Endowment/ Education Annuity Plan is a child policy such that Sum Assured plus Bonus would be paid for the child’s benefit on the term’s maturity even if the Life Insured dies before.
What is Diamond Jubilee bonus rates for LIC marriage endowment plan?
The one-time Diamond Jubilee Bonus Rates for LIC Marriage Endowment Plan are as shown below. The bonus rates are per 1,000 Sum Assured. This is a bonus which is paid at the time of maturity or death. It is a reward for continuing with the policy for a certain number of years. It is a one-time bonus which you get at the end of the policy.
