Easy Money Back Option using Simple Internet Based E-Filling Form
SumathyArjunan1, M.M. Shanmugapriya2, C. Archanapriya3
1SumathyArjunan, Assistant Professor, Department of Science and Humanities, Bharath Institution of Higher Education and Research, (Tamil Nadu), India.
2M.M. Shanmugapriya, Assistant Professor, Department of Science and Humanities, Bharath Institution of Higher Education and Research, (Tamil Nadu), India.
3C. Archanapriya, Assistant Professor, Department of Science and Humanities, Bharath Institution of Higher Education and Research, (Tamil Nadu), India.
Manuscript received on 06 November 2019 | Revised Manuscript received on 14 December 2019 | Manuscript Published on 31 December 2019 | PP: 167-170 | Volume-9 Issue-2S4 December 2019 | Retrieval Number: B11041292S219/2019©BEIESP | DOI: 10.35940/ijitee.B1104.1292S419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: It is a taking an interest non-connected arrangement which offers an alluring blend of security against death all through the term of the arrangement alongside the occasional installment on endurance at determined spans during the term. This one of a kind mix gives money related help to the group of the perished policyholder whenever before development and singular amount sum at the hour of development for the enduring policyholders. This arrangement likewise deals with liquidity needs through its advance office LIC New BimaBachat Plan (Table 816) is a solitary premium Money Back Plan.In this arrangement the premium is paid just once. 15% of the Sum Assured is paid after at regular intervals and the whole Single Premium paid in addition to Loyalty Additions is paid toward the finish of the strategy term. Be that as it may, if the Life Insured passes on inside the arrangement residency, the whole Sum Assured is paid independent of the measure of cash paid as Survival Benefit. Administration Tax is material on the premium paid for this strategy, at the pace of 3.625% of the lumpsum premium paid.
Keywords: LIC New BimaBachat Plan, Lumpsum Premium.
Scope of the Article: Internet Computing