Offers Lumpsum payment on death like event.
Lumpsum Turnkey(LSTK) Projects.
The maximum eligible Lumpsum is restricted to Rs.15 lakhs.
Lumpsum Option: Entire sum assured will
be paid in one go.
The policyholder will receive Lumpsum payment on diagnosis of same.
SIP and Lumpsum are the two methods of investing in MF.
Is Systematic Investment Plan the only way or I can invest in Lumpsum too?
So, it is best to stay invested in SBI SIPs rather then invest Lumpsum.
He invests a Lumpsum from his savings to ensure a fixed regular income
for the next 10 years.
Within these different funds in place,
there are 2 different ways in which you can invest: Lumpsum & SIP.
Death or
terminal illness benefit is paid in the form of equal monthly installments or Lumpsum as the situation demands.
Of the sum assured in Lumpsum and the rest amount in monthly income for a continuous
period of 3 years.
Depending on your preferences,
you may choose to invest through Systematic investment plans(SIPs) or through Lumpsum payments in a single go.
Enhanced Life Secure: Just like the Life Secure
option, this also provides a Lumpsum payment of sum assured on terminal illness detection or of death.
Step 5: Enter the amount you wish to invest, select the investment type-
SIP or Lumpsum, and click on the‘Confirm & add to cart' option.
According to the BSNL statement, customers will also have an option to get similar free unlimited calls for three months by paying Lumpsum amount of Rs 439.
Lumpsum with Regular Income: 10% of the death benefit is payable as a
lump sum and the remaining 90% is paid in regular monthly income for 15 incessant years.
Lumpsum plus Monthly Income-he sum assured is
divided into two parts under this option where 50% of sum assured is paid immediately on death and the rest is paid in monthly income rising by 10% every year for 15 years.