LIC Yuva Credit Life Plan 877 | LIC Yuva Credit Life Plan full details in Bengal | LIC Yuva Credit
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In this video we are
In this video we are going to learn about LIC Yuva Credit Life Plan 877 full details in Bengali- LIC Yuva Credit
LIC’s Yuva Credit Life
LIC’s Yuva Credit Life is a pure decreasing Term Assurance plan wherein
the death benefit will reduce over the term of the policy. The Policyholder shall choose the Basic Sum Assured, Policy Term and Interest rate depending on the terms and conditions of loan. A Risk Cover Schedule shall be prepared based on the Basic Sum Assured, Policy Term, and Interest rate chosen by the Policyholder. The available interest rates for Risk Cover Schedule are 6%, 7%, 8%, 9%,10%,11% and 12%, irrespective of the Interest rate charged by the Loan provider on the loan availed by the Policyholder. The Risk Cover Schedule shall show the Sum Assured on Death (i.e. Death Benefit) for each Policy Year and shall be based on the chosen interest rate p.a. effective on an equated yearly repayment basis, irrespective of the actual loan repayment. At the inception, the Sum Assured on Death shall be equal to the Basic Sum Assured and subsequently at each Policy Year, Sum Assured on Death shall be as mentioned in the Risk Cover Schedule.Therefore, death benefit as specified in the Risk Cover Schedule may be higher or lower than the actual outstanding Loan..
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در تاریخ 1403/05/22 منتشر شده
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