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LIC Convertible Term Assurance Policy

Summary Info

Insurance Company  Life Insurance Corporation of India 
Plan Name  LIC Convertible Term Assurance Policy 
Plan Nature  TRADITIONAL 
Plan Category  Term Assurance Plan 
UIN No.  512N057V01 
About Plan  This plan of assurance is designed to meet the needs of those who are initially unable to pay the larger premium required for a Whole Life or Endowment Assurance Policy, but hope to be able to pay for such a policy in the near future. This plan would be found useful also in cases where it is desired to leave the final decision as to the plan to a later date when, perhaps a better choice could be made. Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance. 

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