Under LIC Marriage Endowment/ Education Annuity Plan (Plan No. 90) the Sum Assured plus Bonus would be paid for the child’s benefit on the term’s maturity even if the Life Insured dies before. Thus, nothing is payable immediately to the nominee on death of the Life Insured, unless accidental; only the future premiums are waived and paid by the company such that the Maturity Benefit of the Sum Assured plus Bonus is duly paid.

In case the policy becomes a claim either by maturity or death within six months from the date of loan interest will be charged only up to the date of maturity/death.