LIC introduces Gadar policy, you will get guaranteed bumper returns along with safety!

New Delhi LIC Policy: LIC is one of the largest insurance companies in the country. Many insurance policies have been offered by it. Which also includes LIC Jeevan Kiran policy. Investors will get strong returns by investing in this policy of LIC. With this you will not have to take any risk.

This wonderful policy launched by LIC has brought out the best in people’s lives. Let us tell you that this is a non-linked, non-participating individual saving scheme. Due to which people are going to get huge benefits.

Investors will be given the benefit of many facilities in this policy. For example, if the policy holder dies during the policy term, financial help is provided to the family. Whereas in case of survival till maturity, the total premium deposited is refunded. In this insurance plan, both smokers and non-smokers get the option to choose different types of premiums.

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2 types of option riders are included

Let us tell you that this plan includes two types of options named Accidental Death and Disability Benefit Rider and Accident Benefit Rider. According to LIQI, policyholders can opt for such riders by paying additional premium. It is noteworthy that a rider is a provision which adds additional conditions to the insurance policy or amends it.

In case of death of the insured person?

If the policy holder dies within the policy term after the risk commencement date but before the stated maturity date, the sum assured on death will be paid.

At the same time, 7 times the annual premium or 105 percent of the total premium deposited till the date of death or the basic sum assured will be paid. 125% of the single premium or higher basic sum assured will be paid.

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