![](https://shekharmahalelic.com/assets/product/36/banner_36.jpg)
Combination of Moneyback and Life Insurance
It gives you lump sum amount in case of death during policy term and incase of survival, survival benefit amount is payable on Term – 4 Years, Term – 2 Years and on completion of Term.
![](https://shekharmahalelic.com/assets/product/36/feature/110_Combination of Moneyback and Life Insurance.jpg)
Premium Waiver Benefit
In case of death of Proposer wherein life assured is minor, all future premiums will be borne by LIC.
![](https://shekharmahalelic.com/assets/product/36/feature/111_Premium Waiver Benefit.jpg)
Profit Sharing in Terms of Guaranteed Additions
Policy is eligible for guaranteed bonus at the rate of Rs. 50.00 per thousand per year during first 5 policy term and thereafter at the rate of Rs. 55.00 per thousand per year.
![](https://shekharmahalelic.com/assets/product/36/feature/112_Profit Sharing as per Valuation.jpg)
Additional Accidental Benefit
Standalone Additional Accident Benefit Maximum of Rs. 1,00,00,00/- is allowed other than regular accidental benefit under other policies.
![](https://shekharmahalelic.com/assets/product/36/feature/113_Additional Accident Benefit.jpg)
Advantages
![](https://shekharmahalelic.com/assets/product/36/advantage/133_Avail tax benefit on premium paid.png)
Avail Tax benefit on premium paid
![](https://shekharmahalelic.com/assets/product/36/advantage/134_Tax_Free_Maturity_Amount.png)
Tax Free maturity amount
![](https://shekharmahalelic.com/assets/product/36/advantage/135_tension free claim settlelment.png)
Tension Free Claim Settlement
Conditions
| Minimum | Maximum |
Age at Entry | 8 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs 10,00,000 | No Limit |
Policy Term | 14 Years 16 Years 18 Years 20 Years | |
Premium Paying Term | Policy Term – 4 Years | |
Maturity Age | 69 Years for Policy Term 14 Years 67 Years for Policy Term 16 Years 66 Years for Policy Term 18 Years 65 Years for Policy Term 20 Years | |
Mode of Payment | Yearly, Half Yearly, Quarterly, Monthly (NACH), SSS |
The Basic Sum Assured shall be in Multiples of Rs. 1,00,000 / -
DAB Conditions
| Minimum | Maximum |
Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs. 10,000 | Rs 1,00,00,000 |
Cover Ceasing Age | At the End of Policy Term |
The Double Accident Sum Assured shall be in Multiples of Rs. 10,000 / -
Term Assurance Conditions:-
| Minimum | Maximum |
Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs 1, 00,000 | Rs. 25,00,000 |
Cover Ceasing Age | At the End of Policy Term |
The Term Assurance Sum Assured shall be in Multiples of Rs. 5,000 / -
Critical Illness Rider
| Minimum | Maximum |
Age at Entry | 18 Years Completed | 55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years |
Sum Assured | Rs 1,00,000 | Rs. 25,00,000 |
Cover Ceasing Age | At the End of Policy Term |
The Critical Illness Sum Assured shall be in Multiples of Rs. 25,000 / -
Premium Waiver Benefit Rider
| Minimum | Maximum |
Age At Entry | 18 Years Completed | 55 Years Near Age |
Premium Paying Term | Equal to Premium Term | |
Cover Ceasing Age | 70 Years |