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
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
PROFESSIONAL
EDUCATIONAL
PLAN
LIC (International) has the pleasure to offer to the caring and concerned parents like you -Professional Education Plan - to ensure the fulfillment of your dream of making your child a top professional.
BENEFITS
For a policy of $100,000, the plan provides the following guaranteed payments on the policy anniversary falling due after the life assured's attaining the age mentioned below:
1) $20,000 on surviving the age of 18 years
2) $20,000 on surviving the age of 19 years
3) $20,000 on surviving the age of 20 years
4) $20,000 on surviving the age of 21 years
5) $20,000 on surviving the age of 22 years
6) Guaranteed Addition on surviving the age of 23 years
GUARANTEED ADDITION
A policy of $100,000 would provide for payment of yearly guaranteed addition of $2500 (at the rate of 25 per thousand) for each policy year payable to the life assured on surviving the age of 23 years - or earlier in the event of death.
Who can propose and what if the proposer is no more? Father, Mother (having income of her own) and Legal Guardian (if both parents are not alive) can propose under the Plan. If the proposer is no more, he/she can still fulfill the dream by opting for the special rider Premium Waiver Benefit. By paying a little extra premium the policy can be kept in force for the full policy period without paying any future premium in the unfortunate event of the parent not being alive (conditions apply)
FAMILY BENEFITS
Family can additionally be benefited by insuring a parent for 20% of the sum assured by paying an additional premium (Conditions apply)
A UNIQUE PLAN
It is a unique plan which operates as a life insurance policy on the life of the child from the policy anniversary after the child attains the age of 7 or 2 years from the date of commencement of the policy, whichever is later.
OTHER FEATURES OF THIS PLAN
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.
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DISCLIAMER
Insurance is a matter of solicitation and the information contained in this site is only intended as general information. It is not necessarily a complete description of all the terms, exclusions and conditions applicable to the products and services offered by LIC (International) BSC (c), and does not constitute financial or insurance advice. You are requested to contact our office for any of your particular insurance needs or for any specific information.
While reasonable efforts have been made to ensure that all electronic information made available is current, complete and accurate, all such information is provided to you "as is" and "as available" without warranty of any kind. LIC (International) BSC (c) and/or Kingstar Insurance Agencies LLC do not warrant the accuracy of the information. LIC (International) BSC (c) and/or Kingstar Insurance Agencies LLC will not accept responsibility for any omissions, inaccuracies and typographical errors, any interruption or delay in access to this site or for any loss incurred from the use of this web site or by downloading materials from it. No warranty regarding non-infringement, security or freedom from computer viruses is given in conjunction with such information and materials.
Kingstar Insurance Agencies LLC reserves its right to correct any part of the said content at any time as and when required at its sole discretion, without prior notice.
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Though LIC (International) BSC (c) and Kingstar Insurance Agencies are committed to respect the privacy of your personal information, we cannot guarantee privacy of any information you provide on this site. Any information you provide on this site is at your own risk and LIC (International) BSC (c) or Kingstar Insurance Agencies LLC will not be responsible for any damages you or others may suffer as a result of loss of confidentiality of any such information.