It is a limited premium payment conventional life insurance plan which offers guaranteed returns in the form of Guaranteed Sum Assured and vested reversionary bonuses with Final Additional Bonus in case of survival at the end of term. In case of sudden demise, an annual income benefit will be payable every year till policy term and future premium will be waived with an assurance of maturity amount to meet future demand of child. Policy can be availed with duration of 13 years to 25 years and can be taken any person between the ages of 18 years to 50 years.

Limited Premium Conventional Plan

It is endowment plan with guaranteed amount – Lump sum amount received on maturity and be reinvested to buy pension or can be used to take care of any financial need.

Annual Income Benefit with PWB

In case of sudden demise of policyholder, an annual income benefit equal to 10 % of basic sum assured payable every year and future premium will be waived. Also after the end of policy term, maturity benefit in the form 110% of Basic Sum Assured with Bonuses will be payable.

Profit Sharing as per Valuation

Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.


Avail Tax benefit on premium paid

Tax Free Maturity Amount

Tension Free Claim Settlement

For Basic Plan

Entry Age18 Years (last birthday)50 Years (nearer birthday)
Term13 Years25 Years
PPT(Policy Term - 3) Years
Maturity age65 Years (nearer birthday)
Sum Assured₹ 1,00,000/-No Limit
The Basic Sum Assured shall be in multiples of ₹ 10,000/- only.

Accidental Death and Disability Benefit Rider

Minimum Entry Age: 18 Years (last birthday)

Maximum Entry Age: 60 Years

Maximum cover ceasing Age: 65 Years (nearer birthday)

Minimum Accident Benefit Sum Assured: ₹ 10,000/-

New Term Assurance Rider

Entry Age18 Years (last birthday)50 Years (nearer birthday)
TermSame as Basic Plan
PPTSame as Basic Plan
Maturity age65 Years (nearer birthday)
Sum Assured₹ 1,00,000/-₹ 25,00,000
The Term Assurance Rider Sum Assured can be taken in multiples of ₹ 10,000/- only.