What does it do?
Apart from standard lives, this plan can cover substandard lives and physically handicapped persons too.
LIC defines substandard life as a person whose life is at higher risk because of any existing physical condition, family or personal history of disease, occupation, residence in unhealthy climate or dangerous habits.
Pros
The policy gives rebate at 1 per cent to policies that pay premium annually.
The policy covers substandard lives and physically handicapped persons as well.
Premiums qualify for taxation benefits.
Cons
Maximum sum assured is limited to Rs 25 lakh. Thus, the plan is not suitable for anyone who needs higher coverage.
The plan does not offer any rider(s) for enhanced protection.
