LIC's Jeevan Surabhi:
- Jeevan Surabhi plan is similar to other money back plans.
- However main differences in regular money back plans and Jeevan Surabhi are as underMaturity term is more than premium paying term.
- Early and higher rate of survival benefit payment.
- Risk cover increases every five years.
- The actual term and the premium paying term for these plans are as under.
Policy Term
Premium Paying Term
106
15 years
12 years
107
20 years
15 years
108
25 years
18 years
- Full sum assured is paid back as survival benefit by the end of premium paying term.
- However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.
- Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.
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