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    Categories: lic

Express Crorepati

The Smart  way to save Tax and Create Wealth. Invest in Express Crorepati from Life Insurance Corporation of India (LIC).

Life Insurance Corporation of India (LIC) launched a new limited premium endowment policy with low premiums and heavy risk coverage.

Kam Bharo-Jyada Pao : Low Premiums for High End Customers.

By Saving just  Rs.500/- per day for 16yrs, get a Tax-Free maturity of Rs.1 Crore after 25yrs.

Premiums Paid (Excluding Service Tax) is eligible for deduction under Sec.80C.

Maturity Benefits / Death Benefits are 100% exempted from Tax U/S 10(10D). Means 100% Tax-Free Returns.

Benefits during the policy term :

·     Normal Risk Cover of Rs. 40,00,000/- + Bonus + Final Additional Bonus(if any)

·     Accidental Risk Cover of Rs. 80,00,000/- + Bonus + Final Additional Bonus(if any)

·     In built PDBR( Permanent Disability Benefit Rider)

·     Loan facility is available after 3 policy years

·     Assignment option also available

Sample illustration for Mr. Ravi of age 30yrs—- Express Crorepati

Ravi Shanker: