Open AccessEasy Money Back Option using Simple Internet Based E-Filling Form
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.b1104.1292s419
Subject(s) - pace , term (time) , cash , money market , business , the internet , loyalty , plan (archaeology) , actuarial science , simple (philosophy) , economics , finance , interest rate , marketing , computer science , physics , geodesy , archaeology , quantum mechanics , world wide web , history , geography , philosophy , epistemology
It is a taking an interest non-connected arrangement which offers an alluring blend of security against death all through the term of the arrangement alongside the occasional installment on endurance at determined spans during the term. This one of a kind mix gives money related help to the group of the perished policyholder whenever before development and singular amount sum at the hour of development for the enduring policyholders. This arrangement likewise deals with liquidity needs through its advance office LIC New BimaBachat Plan (Table 816) is a solitary premium Money Back Plan.In this arrangement the premium is paid just once. 15% of the Sum Assured is paid after at regular intervals and the whole Single Premium paid in addition to Loyalty Additions is paid toward the finish of the strategy term. Be that as it may, if the Life Insured passes on inside the arrangement residency, the whole Sum Assured is paid independent of the measure of cash paid as Survival Benefit. Administration Tax is material on the premium paid for this strategy, at the pace of 3.625% of the lumpsum premium paid.