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Lic Bima Jyoti

Lic Bima Jyoti Pla No. 860 UIN No. 512N339V02

It is a savings plan. It is not tied with stock market. It gives strong financial protection in case policy holder Rest in peace. If policy holder RIP unexpectedly then their family will receive money.

Age criteria. Minimum : 90 days And Maximum 60 Year

Basic Sum assured Minimum : 1Lakh And Maximum : No limits but multiple of 25,000

Premium Paying Tearm Minimum : 5 Years

Mode of application Both offline and online

1.Savings Plan: Whole life insurance policies have a cash value component where a portion of your premiums builds up over time. This cash value grows at a guaranteed rate set by the insurance company.

2.Not Tied to Stock Market: Unlike some other investment vehicles like variable life insurance, whole life insurance policies offer fixed premiums and a guaranteed minimum interest rate on the cash value. This stability is attractive to those who prefer predictable returns without market risk.

3.Financial Protection in Case of Death (RIP): The primary purpose of life insurance is to provide a death benefit to the policyholder's beneficiaries in case the insured person passes away. This death benefit is paid out to the family or designated beneficiaries when the insured person dies, providing financial support to cover expenses or replace lost income.

4.Protection for Unexpected Death: Life insurance provides coverage for unexpected death, ensuring that if the policyholder dies during the coverage period, their beneficiaries receive a lump-sum payment (death benefit). This can help the family maintain their financial stability and cover expenses such as mortgage payments, living expenses, education costs, etc.