Anamika PrajapatKnowledge Contributor
What is the LIC death benefit amount?
What is the LIC death benefit amount?
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Where, “Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid as on date of death. The premiums mentioned above exclude tax, extra premium and rider premium, if any.