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 Benefits of Life insurance corporation :-

Provided the policy is in force depending upon the corporations experience the policy shall participate in profits in accordance with applicable provisions of LIC at 1956 as amended from time to time and shall be eligible for simple reversionary bonus it's much rate and on such term may be declared by corporation . #LIC

Simple reversionary bonus shall be declared annually at the end of each financial year provided by the policy is in force ones declared their from part of the graduated benefits of the plan. Simple reversionary bonus will be added from the date of commencement of policy until the selected policy term Patil death if it occurs earlier.

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Policy loan: during the policy loan farmer loan shall be available under the policy subject to the following terms and conditions within the surrender value of the policy for such amounts and on such Futher terms and conditions as the corporation may fix from time to time.

in the event of the difficult in payment of loan interest on the due dates as mentioned above and when theoutstanding loan along with interest is to exceed to surrender value the corporation would be entitled to force close such policies such policies when being in force closed shall be entitled to payment of the difference of surrender value and the loan outstanding amount along with interest if any.

corporation is entitled to recover our recall the amount of the loan with all due interest by giving three months notice.

in case the policy shall mature are surrounded by becoming climb by death the corporation shall be become entitled to deduct the amount of the loan or any important they are of which is outstanding together with interest from the policy Maneys

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