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Category Archives: Educational Annuity Plan

Educational Annuity Plan LIC Policy

Educational Annuity Plan LIC Policy, also known as Marriage Endowment Plan is an endowment assurance plan from Life Insurance Corporation of India. This policy from LIC is specially designed to gain benefits on the maturity date or from the maturity date to fulfil the child’s educational needs and marriage expenses (at later stage). You can pay the premiums either in a yearly, six-monthly, quarterly, monthly or salary deductions manner as per your suitability.

If the life assured dies during the term period of the policy, the sum assured and the accrued bonuses up to maturity are given. The policy holder can pay an additional premium and acquire supplementary benefits if he wants. The surrender value is given only when the policy has turned 3 years or more. The maturity benefit for Educational Annuity Plan from LIC is the amount obtained from addition of sum assured and all the bonuses given up to the maturity date.

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Lic Of India Policies

Life insurance from Lic of India has been acknowledged as one of the fundamental step to achieve financial protection and financial nirvana. It protects dependents from major monetary setback or tragedy in the event of unexpected death on top of emotional loses. However, choosing a suitable Lic India policy that fits your need could be difficult. You will have to understand so many type of policy plan, comprehend baffling provisions and terminology, and choose genuine advice from financial advisor.

Buying Life Insurance is fairly comparable with shopping for any other items. The noteworthy thing is to identify what exactly you need. To help you we have launched Licagentmumbai.com, so that you can make take a better decision.

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