old LIC TERM insurance policy

[deepa]

Thanks a lot Things are a bit more clear
I have some more doubt ...
Like if i die with in the 20 years i will get a sum assured of 1L or whenever i die i.e even beyound 20 years the nominee will get the sum assured

Pls let me know

[PolicyWala]

Thanks a lot Things are a bit more clear
I have some more doubt ...
Like if i die with in the 20 years i will get a sum assured of 1L or whenever i die i.e even beyound 20 years the nominee will get the sum assured
Pls let me know

1- Death Cover - (If you die with in the policy term period of 20 years)
Sum Assured + Vested Bonuses + Final Additional Bonus
2- Maturity Benefit - (if you survived the complete term i.e. 20 years)
40% of the Sum Assured + Vested Bonuses + Final Additional Bonus

[PolicyWala]

i.e even beyound 20 years the nominee will get the sum assured

Maturity Benefit is already paid at maturity of policy and nothing will be paid after that.