A fixed term endowment policy where the policyholder also enjoys special health benefits. In case the policyholder gets any of the following 4 health problems. a) Cancer (malignant), b) Paralytic stroke leading to permanent disability c) Failure of both kidneys and d) heart disease leading to bye-pass surgery, 50% of SA is paid immediately, further premiums are waived and 10% of SA is paid every year thereafter.
Best Suited For
People seeking medical insurance, returns and risk cover .
Features
If the policyholder gets affected by any one of the mentioned diseases within 1 year of taking policy, he is not entitled for the medical benefits but the policy continues as Endowment Policy.
Benifits
Maturity
Benefits
Full sum assured plus accrued bonus is paid to policyholder.
Survival
Benefits
Not Applicable.
Death
Benefits
(Natural)
Full sum assured plus accrued bonus is paid to nominee.
Death Benefits
(Accidentals)
Double the sum assured plus accrued bonus is paid to nominee.
Other Benefits
Bonus - Every year LIC will declare a certain amount per thousand of sum assured as bonus.
