CROREPATI FROM DAY 1
- A special combination of two plans which not only provides risk cover of 1 crore from day 1 but also provides maturity amount of 1 crore at the time of maturity.
- This combination is the finest way to protect your family from day 1 along with creating a huge wealth on maturity.
- Risk cover continuously increases with 1 crore from day 1 till maturity, also risk cover continues even after maturity to a certain extent.
- Surrender and loan facility also available provided premiums have been paid for 3 years.
Double tax benefit available (Premium paid gives 80c benefit up to ₹ 1,50,000 and maturity is also tax free under section 10 (10D).
An Illustration: For a standard life| “CROREPATI FROM DAY 1” | |||
| Age | Per Day Saving(Approx.) ₹ | Get maturity of ₹ 1 Crore at the age of | Risk cover of ₹ which continues even after maturity |
| 25 Years | 210 | 60 Years | 20,00,000 |
| 30 Years | 240 | 65 Years | 20,00,000 |
| 35 Years | 280 | 70 Years | 20,00,000 |
| 40 Years | 425 | 70 Years | 28,00,000 |
| 45 Years | 650 | 70 Years | 36,00,000 |
Disclaimer: “Crorepati from Day 1” is a concept name only and it’s not a direct product of LIC, we made the combination of two plans as per the client need and the two plans used for combination are of LIC of INDIA.