LIC rider on select policies
By Our Banking Bureau | 19 Jan 2002
Under
its whole life endowment and money-back plans, the new facility
will offer an extra risk cover to the extent of double the
existing risk cover under the plan, subject to an overall limit of
Rs 25 lakh. It will cost a small extra premium depending on
policyholders age, an LIC press release said.
The facility will be available to policyholders between the ages of 18 and 50 years and the minimum extra risk cover will be Rs 1 lakh for a period ranging from 10 to 35 years depending on the term of the policy taken.
Initially, this facility will be available only for new policies but may be extended to existing policies eventually, the release said.
