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Table No.5. Whole Life With Profit/Ltd Payment Create an Estate. Attractions !!!. This plan is mainly devised to create an estate for the heir of the policyholder as it provides for payment of sum assured plus bonuses on the death of the policyholder

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table no 5

Table No.5

Whole Life With Profit/Ltd Payment

Create an Estate

Attractions !!!
  • This plan is mainly devised to create an estate for the heir of the policyholder as it provides for payment of sum assured plus bonuses on the death of the policyholder
  • Considering the increased longevity of people, LIC has amended the above provision, thereby providing for payment in the form of maturity claim on completion of age 80yrs
Attractions !!!
  • This policy is suitable for people of all ages who wish to protect their families from financial crisis that may occur owing to the policyholder’s premature death.
  • Bonus is higher than endowment and money back plans. In case of limited premium payment, bonus continues to accrue even after premium is fully paid.

Who can avail of the plan ?

Those aged between age 12 years (completed) and 60 years (nearer birthday).

The maximum age at maturity is 80 years.

Max premium ceasing age is 70 years

Min SA - Rs. 50,000/-

Max SA – No Limit (in multiples of Rs. 5000/-)

For how many years is premium payable ?

Under Table 5, premiums are payable for a period of 5 years to 55 years, depending upon the policyholders’ choice.



  • Is bonus payable under this policy?
    • This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses.
    • Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits.
    • A Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.
  • Bonus Rates?
    • Bonus rates Applicable under this Plan is as high as Rs. 70/1000 SA
  • Loan Facility is available
  • Death Benefit
    • The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured. Additional SA of DAB if opted for incase of Accidental Death. (Extra premium of Rs 1/1000 SA only for additional SA under DAB Rider)
  • Maturity Benefit
    • This is a whole life assurance plan and hence does not have a maturity date. You, however, have the option to take the Sum Assured plus all bonuses declared under the policy anytime after 40 years from the date of commencement of the policy provided you have attained, at least, 80 years of age
  • Supplementary/Extra Benefits
    • These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.