State Life Insurance Policy 10 years

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State Life Insurance Policy 10 years
  
As often people ask about state life insurance police 10 years plan, I will describe a simple formula to buy a policy.

State Life Plans

plan name are different, As child education Plan, After retirement plan, Marriage plan, etc, but if you keep in mind a simple formula it will help you understand the profit of the policies

  1. If you pay and buy a plan for 10 years you will get double profit as If you paid 10 lakh you will receive almost 20 lakh .profit is not fix .little bit down possible.
  2. If you buy a policy for 15 years and pay 10 Lakh rupees in 15 years you will get 30 lakh amount Premium + Profit and your profit will be 20 Lakh
  3. If you buy a Policy for 20 years and pay 10 lakh amount you will get. you will receive 50 Lakh total amount and your profit will be 40 Lakh.
Other Benefits

there are a lot of other benefits of Policy

Loan 

After three years of buying policy, you can take a loan from State Life which will be extended 80 percent amount you paid to State life. at any stage of Policy and payback with easy installment.

Accidental death 


A reasonable amount pay to legal heirs of Policyholders even he paid only one installment.

Monthly Income

State Life pays monthly Income to legal heirs of Policyholder after death.


Documents Needed

  • Just Id Card of Policyholder
  • Id card of the beneficiary 


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