1. Marriage/Educational annuity plan
Table No.90
Marriage/Educational annuity plan

2. Features
The plan provides a sum assured to be kept aside for the expenses of marriage or higher education of the policyholder's children
Premiums under this plan are payable for a selected term or till death of the life Assured. Benefits will be given only after the selected term
Under this plan the policy monies and bonus are paid only at the end of the selected term, irrespective of whether the policy holder survives till the term or not, i.e. the survival or death benefit is payable at the same time

3. Eligibility FOR BASIC PLAN: Minimum age at entry 18 years
Maximum age entry
60 years
Maximum age at maturity
70 years
Minimum term
5 yrs
Maximum Term
25 Years
Minimum Sum Assured
50,000/- Rs
Maximum Sum Assured
No Limit

4. Optional Term Assurance Rider
Minimum age at entry
20 years
Maximum age entry
50 years
Maximum age at maturity
60 years
Minimum term
5 yrs FOR SINGLE
10 Yrs FOR REGULAR
Maximum Term
25 Years
Minimum Sum Assured
1,00,000/- Rs & shall be in multiples of Rs. 25,000/-
Maximum Sum Assured
An amount not exceeding under the Basic Plan maximum of Rs.25 lakh overall limit

5. Optional Critical Illness Rider : Eligibility
For critical illness rider:
Minimum age at entry
20 years
Maximum age entry
50 years
Maximum age at maturity
60 years
Minimum term
10 Yrs for regular
Maximum Term
25 Years
Minimum Sum Assured
50,000/- Rs & shall be in multiples of Rs. 10,000/-
Maximum Sum Assured
An amount not exceeding under the Basic Plan maximum of Rs.5 lakh overall limit
Premium waiver benefit is inbuilt in this plan

6. Benefits Maturity Benefits Different options to receive maturity
Sum Assured + Bonus + FAB
Different options to receive maturity
Lumpsum one time
Installment i.e.10 equal installment
Taking in the form of annuity

7. Benefits contd.. Natural Death: Accidental Death:
Payment of future premiums cease immediately
The policy money i.e. Sum assured + Bonus + Final additional bonus becomes payable on the date previously selected, if eligible
Accidental Death:
Payment of future premiums ceases immediately. Secondly, an amount equivalent to Sum Assured paid immediately
The policy money i.e. Sum assured + Bonus + FAB, if any becomes payable on the maturity date

8. Other Benefits Available
Loan Facility :
Available after payments of three full premium
Double Accident Benefits:
On death of Life Assured in accidental condition during the term amount equal to Double Accident sum assured is payable. The rider can be availed of by payment of a small additional premium
For example if Basic S.A. is Rs /- and Double Accident S.A. is Rs /- on accidental death nominee of policy holder will get Basic S.A. + Double Accident S.A. i.e. Rs Rs =Rs
Maximum DAB limit is allowed upto Rs. 50,00,000/- for all policies held by one person

9. Riders Available Term Rider :
On death of the Life Assured during the term of cover under the rider, an amount equal to the Term Assurance Sum Assured is payable. The rider can be availed of by payment of a small additional premium
For example if Basic S.A. is Rs /- and Term Rider S.A. is Rs /- on death nominee of policy holder will get Basic S.A. + Term Rider S.A. i.e. Rs Rs = Rs
Maximum Term Rider is allowed upto basic S.A.

10. Riders Available Critical illness Rider Premium wavier Benefit
This Rider is available for any eligible disease prescribed by LIC
Amount equaling to S.A. of critical illness rider will be payable to policy holder
Premium wavier Benefit
This rider is available only if customer is having critical illness rider
By availing this rider in case of occurrence of any disease mentioned in critical illness rider all future premium will be waived off