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 .
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.
Full sum assured plus accrued bonus is paid to policyholder.
Full sum assured plus accrued bonus is paid to nominee.
Double the sum assured plus accrued bonus is paid to nominee.
Bonus - Every year LIC will declare a certain amount per thousand of sum assured as bonus.