###LIC'S Wealth Plus (T-801)................
Eligibility Conditions and Other Restrictions:
(a) Minimum Age at entry - 10 (age last birthday)
(b) Maximum Age at entry - 65 years (age nearer birthday)
(c) Policy Term - 8 years
(d) Extended Life Cover - 2 years after the completion of policy term
(e) Minimum Premium:3 years Premium Paying policies - Rs. [20,000] p.a.
(Other than monthly (ECS) mode)Monthly (ECS) mode - Rs. [2,000] p.m.
Single premium policies - Rs. [40,000].
(f) Sum Assured under the Basic Plan - Minimum SumAssured:3 years Premium Paying
Term: 5 times the annualized premium
Single Premium: 1.25 times the single premium.
Maximum Sum assured: 3 years
Premium Paying Term: 10 times the annualized premium if age at entry is upto 50 years5 times the annualized premium if age at entry is 51 years and above Single
Premium:5 times the Single premium if age at entry is upto 40 years.2.5 times the Single premium if age at entry is 41 to 50 years.1.25 times the Single premium if age at entry is 51 years and above.
Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it will be rounded off to the next multiple of Rs. 5,000. Annualized Premiums shall be payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS), the premium shall in multiples of Rs. 500/-.
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