LG One time investment Savings Plan

Policy Name LG  One time investment Savings Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 10 Yrs
Premium Paying Term Once
Premium Amount 100000 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 37 San (107.67g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

    • The nominee can withdraw the gold base on the premium paid
    • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
  • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
  • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
  • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent
  • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 2 years subject to the conditions mentioned in the policy document.

LG Child Plan

Policy Name LG Child Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 10 Yrs
Premium Paying Term 5 Yrs
Premium Amount 500 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 8 San (23.28g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

  • The nominee can withdraw the gold base on the premium paid
  • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
    • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
    • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
    • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
    • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
    • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
    • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
    • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
    • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
    • Taking part in any act of a criminal nature with criminal intent
    • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 1 year subject to the conditions mentioned in the policy document.

LG Educational Plan

Policy Name LG Educational Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 10 Yrs
Premium Paying Term 5 Yrs
Premium Amount 1000 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 25 San (72.75g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

  • The nominee can withdraw the gold base on the premium paid
  • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
  • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
  • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
  • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent
  • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 2 years subject to the conditions mentioned in the policy document.

LG Marriage Plan

Policy Name LG Marriage Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 10 Yrs
Premium Paying Term 5 Yrs
Premium Amount 3000 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 42 San (122.22g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

  • The nominee can withdraw the gold base on the premium paid
  • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
  • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
  • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
  • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent
  • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 2 years subject to the conditions mentioned in the policy document.

LG One time investment wealth Plan

Policy Name LG One time investment wealth Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 06Yrs
Premium Paying Term Once
Premium Amount 100000 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 27 San (78.57g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

  • The nominee can withdraw the gold base on the premium paid
  • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
  • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
  • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
  • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent
  • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 2 years subject to the conditions mentioned in the policy document.

LG Retirement Plan

Policy Name LG Retirement Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 10 Yrs
Premium Paying Term 5 Yrs
Premium Amount 10000 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 140 San (407.4g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

  • The nominee can withdraw the gold base on the premium paid
  • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
  • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
  • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
  • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent
  • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 2 years subject to the conditions mentioned in the policy document.

LG Savings Plan

Policy Name LG Savings Plan
Aim of the Plan This Gold Policy aims to create wealth and wellness for all the stakeholders
Type of Plan Saving Plan
Policy Term 10 Yrs
Premium Paying Term 5 Yrs
Premium Amount 5000 INR
Premium Paying Frequency Monthly/Quarterly/Half Yearly/Yearly
Maturity Benefit 42 San (203.7g) of Gold
Death Benefit In case of the policy holder’s unfortunate demise, we have the following options

  • The nominee can withdraw the gold base on the premium paid
  • The nominee can still continue the same policy till maturity
Surrender The policy cannot be surrendered before completion of 3 years. If you surrender the policy in between 4th& 5th Year, 50% penalty will be applied to the paid premium amount and the rest value will be paid out through gold
Recipients If the policy is assigned, then the assignee will receive the policy benefit. Death Benefit will be paid to the nominee, if not assigned
Alterations Policy Term and Premium paying term cannot be altered. Premium payment frequency can be altered.
Conditions where Death Benefit will not be paid
  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the Policyholder shall be entitled to 80% of the premiums paid.
  • In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid post revival.
  • We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • We will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
  • If the death occurs after 180 days from the date of the accident intentionally self-inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent
  • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
Grace Period Grace Period is the time provided after the premium due date during which the policy is considered to be in-force with the risk cover. This plan has a grace period of 15 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 7 days from the premium due date.
Policy Lapse In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no benefits will be payable in case of lapsed policies.
Revival A Lapse Policy can be revived within 2 years subject to the conditions mentioned in the policy document.