sayandeb
KF Ace
Hello @TaxWiser @zacobite
Want to know something about the LIC's New Tech Term Policy. Because I want to surrender those old LIC policy's which have very high premium and want to take this new one for my mother.
Few things I need to clear :
1. My mother's age is 45.
2. I will take the policy for next 30 years.
3. It will be a regular pay policy.
4. My mother have no income either than the FD monthly interest.
5. No medical problems.
6. Below 10th passed.
My quires are :
1. As my mother don't have any income except the FD interest which is more than ₹3 lakh for a year (which meets the criteria of LIC New Tech Term policy), is my mother eligible for this policy ?
2. Should I opt for limited pay or single pay above the regular pay ?
3. Should I take the policy for 35 years as 80 years is maximum tenure for this policy ?
If this is not a option due to no annual income except FD interest is there is any option for my mother ?
I've done a conversation with Policy Bazar but they said there is only one policy for my mother which is PNB medlife but that also need a annual income of ₹2 lakhs (min) which can't be FD interest. And that policy giving just ₹25 lakhs cover till 70 age.
Want to know something about the LIC's New Tech Term Policy. Because I want to surrender those old LIC policy's which have very high premium and want to take this new one for my mother.
Few things I need to clear :
1. My mother's age is 45.
2. I will take the policy for next 30 years.
3. It will be a regular pay policy.
4. My mother have no income either than the FD monthly interest.
5. No medical problems.
6. Below 10th passed.
My quires are :
1. As my mother don't have any income except the FD interest which is more than ₹3 lakh for a year (which meets the criteria of LIC New Tech Term policy), is my mother eligible for this policy ?
2. Should I opt for limited pay or single pay above the regular pay ?
3. Should I take the policy for 35 years as 80 years is maximum tenure for this policy ?
If this is not a option due to no annual income except FD interest is there is any option for my mother ?
I've done a conversation with Policy Bazar but they said there is only one policy for my mother which is PNB medlife but that also need a annual income of ₹2 lakhs (min) which can't be FD interest. And that policy giving just ₹25 lakhs cover till 70 age.
Last edited:
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Time Stamp - 12:06
