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LIC Group Mortgage Redemption Assurance Scheme

Summary Info

Insurance Company  Life Insurance Corporation of India 
Plan Name  LIC Group Mortgage Redemption Assurance Scheme 
Plan Nature  TRADITIONAL 
Plan Category  Term Plan 
UIN No.  512N219V01 
About Plan  Group Mortgage Redemption Assurance Scheme is a Group Insurance Scheme for the borrowers of Housing/Vehicle Loans from Financial Institutions where Loan is recovered under EMI. Under the Scheme, the premium is payable in a single installment covering a decreasing life cover. Insurance cover every year will be almost equal to the loan outstanding at the anniversary date of each borrower. 

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