LIC OF INDIA

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LIfe Security, Income Protection & Retirement Provision Plan for Doctor




Disability due to accident resulting in loss of earnings could have a serious impact on your finances
One of the most important elements of financial planning for medical professionals is to protect your income in the event of disability due to accident.
What would be the impact on your finances if you were unable to work? 
LIC PLAN provides the safety net that you and your family needs.  Income protection insurance Plan for doctors can provide a regular income to help safeguard against the financial consequences disability that could prevent you from working – right up to retirement if necessary.
It will also provide life insurance cover in case of natural death or death due accident.
It also take care of regular income for your family in your absence and retirement fund for spouse.
After completion of the  term of the policy you will be given big amount at the time of maturity i.e. Sum Assured & Bonus, which can be used as per your need like daughters marriage, child higher education or your retirement fund.

Benefits of quotation shown above is as under

  1. Natural death risk cover 25 lacs
  2. Accident death risk cover 50 lacs
  3. Maturity Rs.66,87,500/-
  4. In case of natural death 25 lacs will be given to nominee. Policy will continue till maturity. Future premium will be waived. 2.5 lac will be given every year to nominee. And at the time of maturity full maturity amount Rs.66,87,500/- will be given to nominee.
  5. In case of death due to accident 50 lacs will be given to nominee. Policy will continue till maturity. Future premium will be waived. 2.5 lac will be given every year to nominee. And at the time of maturity full maturity amount Rs.66,87,500/- will be given to nominee.
  6. In case of disability due to accident 25 lacs will be given to policyholder. Policy will continue till maturity. Future premium will be waived. 2.5 lac will be given every year to policyholder. And at the time of maturity full maturity amount Rs.66,87,500/- will be given to policyholder.
  7. income tax rebate u/s 80 c available
  8. Maturity amount or claim amount will tax free.
  9. Loan available after 3 years of date of commencement of policy.

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