This plan is specially designed to assure a handicapped dependent to have a Secured life. It provides life insurance cover through out the lifetime of purchaser.

Features
• Beneficiary can only avail benefits on the death of life assured.
• The benefits are payable partly in lump sum and partly in the form of an annuity to the handicapped through a nominee or trusty.
• Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions.
• Premium paying terms are 10, 15, 20, 25, 30 and 35 years.
• The premium can also be paid in one lump sum(single premium)
• The premiums paid under this plan are eligible for Income Tax relief under Section 80DDA of Income Tax Act.
• Premiums are based on the age of handicapped dependent as well as on the life assured.

Benefits

Death Benefit
• 20% of the Notional Sum Assured is paid immediately to the nominee.
• The remaining 80% of the National sum assured is utilized to provide an annuity certain for 15 years and life thereafter of the handicapped dependent. The actual annuity is calculated at the time of claim.
• National Sum Assured: Basic sum assured + Guaranteed Additions + Terminal Addition.
• Guaranteed Additions: Guaranteed additions of Rs.100 per Rs. 1000 sum assured, for each completed policy year. Such guaranteed additions will add up to age 65 years or till the life assured's death, whichever is earlier.
• Terminal Addition: Payable only if 10 years' premiums have been paid and policy is in force. Amount payable on death of life assured depends on the rates declared by LIC on favorable working experience.
• If the handicapped dependent predeceases the Life Assured during the premium paying term of the policy, the contract ceases and the Life Assured will have the option of either keeping the policy for a reduced paid-up Sum Assured or receive the refund of premiums.

Maturity Benefit:
Since it is a whole life plan there will be no maturity benefit.

Extra Benefits (optional)
Extra benefits can be avail by paying an additional premium

Surrender Value
The policy can not be surrendered.

Eligibility
• Min entry age: 22 yrs
• Max entry age: 60 yrs
• Min sum assured: 50,000
• Min Premium payable: Rs 800/annum
• No loan is granted on this policy.
• Max Premium ceasing age: 70 yrs