Branch office of

 Life Insurance Corporation (International) BSC (c)

Contact: Tel: (+971) 4 335 4858 Fax: (+971) 4 335 4684

E-mail : mail@licinternationaluae.com

NEWS
  • 19/03/2015 LIC (International) launches its mobile application 'LIC Intl' for android & iOS applications.
  • 16/03/2015 LIC International Launches a Pure Term Assurance Plan (For Bahrain,Kuwait & Qatar Only).
  • 19/05/2014 Maiden Group Term Insurance Plan Launched.

PARTICIPICATING

 MARRIAGE/EDUCATIONAL

 PLAN

This is a plan on your life through which you can make comprehensive provision for Marriage / Education expenses of Children.

AT MATURITY

Under this plan if the life assured, normally a parent, survives the term, then the sum assured together with vested bonuses is payable in a lump sum or in ten half-yearly installments at the option of the life assured.

ON DEATH

In the event of death of the life assured before the date of maturity the benefits under the policy will be.

(i)Immediate payment of an amount equal to the Sum Assured.

(ii)Payment of sum assured and vested bonuses on the date of maturity in a lump sum or in ten half-yearly installments at the option of the beneficiary.

(iii)Waiver of all future premiums.

If the life assured/beneficiary opts to receive the sum assured and bonuses payable on maturity in 10 half-yearly installments, the first installment will be payable on the date of maturity.

OTHER FEATURES OF THIS PLAN

Portability

Loan facility

Accident Benefit

Flexible options in Premium

PORT

ABILITY

 

Policy can be transferred to LlC of India on repatriation of the policy holder to India. The transfer will be effected only if full first year's premium is paid and on completion of one year from the date of acceptance, provided the policy is in full force for the full sum assured and on receipt of a written request from the policy holder. The sum assured and attached bonus, if any, shall stand altered to the equivalent Indian rupee amount at the rate of exchange, current on the date on which the request for transfer is received by the Company and subject to the instructions current on that date of Reserve Bank of India.

FLEXIBLE

 OPTION IN

 PREMIUM PAYMENT

You need not invest big amounts to buy a policy. You can pay monthly, quarterly, half-yearly or yearly installments for the full term (FT) of the policy or limited (LT) to 5 years as per your choice (Standard Conditions apply). The different options are:

a) Limited premium payment facility is available to help you to fulfill your obligation of payment of premium within a period of 5 years and thus earn an attractive discount.

b) Premium Sealing /Communication facility enables you to pay advance premium at an attractive discount and keep the policy in force.

ACCIDENT

 DEATH/DISABILITY

 BENEFIT

A nominal addition (of one per thousand sum assured for Full Term) to your premium entitles you to additional special benefits as described below subject to certain conditions.

a) The cover under the life policy is doubled in case of death due to accident. The maximum Double Accident Benefit payable is US$ 100,000.

b) In case of permanent and total disability arising out of accident;

1 All future premiums are waived.

2 An additional amount equal to the sum assured will be paid in 120 equal monthly installments spread over 10 years.

3 Moreover, whenever the policy matures or death claim arises, the original sum assured with vested bonuses will be paid, along with unpaid installments of disability benefits if any.

LOAN

 FACILITY

You can raise a loan on the security of the policy after the policy has acquired paid-up value by payments of premiums atleast for 3 years for full term policies and 2 years for limited term policies, from the date of commencement. The maximum loan amount will be 90% of eligible surrender value and payable in half-yearly installments at the prevalent rate of interest.

In case of Single Premium policies, loan can be availed after 2 years from the date of commencement of the policy.

ENQUIRY


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