LIC's Bima Account -2 Features & Plan Details

Friday, May 17, 2013

LIC Of INDIA

LIC's Bima Account -2 Features & Plan Details | Features, Benefits Reviews, Premium, Maturity and Risk Cover

What does LIC's Bima Account - 2 Offer you?
Balance in your Account ( Total investment in regular premium account + Total investment in top up premium account - expenses) on surviving the policy term you have chosen (10 to 15 years),
Sum Insured + Balance in your account ( Total investment in regular premium account till the day of death + Total investment in top up premium account till day of death - expenses till the day of death) in case you do not survive the policy term chosen ( 10 to 15 years)
Guaranteed Interest at 6% per annum on the balance in your account,
Possibility of enhanced interest on the premium account portion of the policy account,
Loan against surrender value at 9.00% per annum simple interest after 1 year from the commencement,
Facility for topping up the premium with additional amount.
Why Should You Invest On LIC's Bima Account-2?
It is a short term plan of 10 to 15 years.
You are assured of a minimum 6% per annum on the balance in your account. In addition, there is a possibility of higher returns on your premium account. But in reality, you are earning more every year, since, more and more amount out of your gross investment is getting transferred to your policy account with reduction in charges towards expenses. Coupled with Section 80C benefit subject to a overall limit of Rs 1 Lakh per annum allowed for various savings and full I.T exemption on the claim amount you receive under section 10(10D) of the I.T Act, you will observe Bima Account 2 as one of the most lucrative investment options you love to explore.
The plan offers quite an impressive life insurance coverage right from day one till day last. In addition, entire balance in the policy account is returned in such an event marking the uniqueness of the plan!
Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.
These are some of the prominent reasons why you should invest on LIC's Bima Account-2) as much as you can.

How long you need to Invest on LIC's Bima Account-2?
10 to 15 years ceasing at death, if it occurs early.
What are the Modes of Investment available under LIC's Bima Account-2?
Yearly, Half-yearly or Quarterly or Monthly.


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