- Safest way of estate creation as 1 crore is assured on maturity.
- Ideal plan for protection and growth.
- Extra 25% risk cover from day 1 and free risk cover up to age 100 is also possible.
- Surrender and loan facility also available provided premiums have been paid for 3 years.
- Double Tax Benefit available (Premium paid gives 80c benefit up to ₹ 1,50,000 and maturity is also tax free under section 10 (10D)).
- Most suitable for younger age group as the premium starts from as low as approx. ₹ 5,000 monthly.
An Illustration: An example at the age of 30 year
| “CROREPATI AT MATURITY” |
| Per Day Saving
(Approx.)
₹ |
Get 1 Crore Maturity after Term |
In Case of Death of Policy Holder after Term / Maturity, Nominee will get Guaranteed from LIC
₹ |
| 170 |
35 Years |
20,00,000 |
| 280 |
30 Years |
28,00,000 |
| 480 |
25 Years |
38,00,000 |
| 720 |
21 Years |
47,00,000 |
| 1200 |
16 Years |
57,00,000 |
Disclaimer: “Crorepati at Maturity” is a concept name only and the plan used for this concept is of LIC of INDIA.
