Marriage Endowment Policy - LIC

This plan provides for a sum assured to be kept aside to meet the marriage/Educational expenses of children. Under this plan, the sum assured together with vested bonuses shall be payable at the end of selected term either in a lumpsum or in ten half yearly instalments. The first instalment will be payable on the date of maturity. Premiums are payable for the selected term of the policy or till death of the life assured if it occures during the selected term.

The bonus at Endowment assurance rate will be reckoned on the sum assured and will be payable alongwith the sum assured at the end of the term even after cessation of premiums on death of the Life Assured.

Policy Term 5 to 25 Years

Age at Entry 18 to 60 Years

Accident Benefit equivalent to basic sum assured would be available under this plan by payment of appropriate additional premiums.