LIC'S Jeevan LAKSHYA T-833.

    LIC'S Jeevan LAKSHYA  T-833.      

Today LIC Jeevan Lakshya Policy, plan no 833,  is introduced as a With-Profits Endowment Assurance plan. Lic Jeevan Lakshya plan is a limited premium paying conventional plan. Jeevan Lakshya benefit to fulfill the needs of the family. It is mainly beneficial for children, in case of unfortunate death of policyholder during the policy term i.e., any time before maturity. Jeevan Lakshya Lic new plan also provides a lump sum amount at the time of maturity regardless of survival of the policyholder.

Key Features and Parameters:- 

Minimum Age at Entry: 18 years

Maximum Age at Entry: 50 years

Maximum Maturity Age: 65 years

Minimum Term: 13 years

Maximum Term: 25 years

Premium Term:   (Policy term – 3) years

Minimum  Policy Value: 1 Lakh

Maximum Policy Value: No limit

Basic SA shall be in multiples of Rs. 10,000/- only.

Jeevan Lakshya Lic Plan Maturity Benefit:-

On survival of the policyholder till the end of the policy term provided all due premiums have been paid, Maturity Benefit = “Sum Assured on Maturity” + vested Simple Reversionary bonuses + Final Additional bonus, if any. Where ‘Sum Assured on Maturity’ is equal to Basic Sum Assured (SA).

Lic Jeevan Lakshya plan Death Benefit:-

On death of the policyholder during the policy term, Death Benefit = “Sum Assured on Death” + vested Simple Reversionary Bonuses + Final Additional Bonus (FAB), if any.

Where ‘Sum Assured on Death’ = Annual Income Benefit * + **Assured Absolute Amount

*Annual Income Benefit = 10% of the Basic SA, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the maturity date.

**Assured Absolute Amount = 110% of Basic SA, which shall be payable on due date of maturity.

The vested Simple Reversionary Bonuses and FAB, if any, included in the Death Benefit, shall be payable on due date of maturity.

The Death Benefit shall not be less than 105% of all the premiums paid as on date of death.

Lic Jeevan Lakshya 833 Riders (Optional Benefits):-

Lic Jeevan Lakshya 833 Policy provides optional riders with the payment of additional premium. There are 2 optional riders available under Lic Jeevan Lakshya Policy, they are

1. Accidental Death and Disability Benefit Rider.

2. New Term Assurance Rider.

Loan:-

Loan Facility is available under Lic Jeevan Lakshya policy after payment of premiums for at least 3 full years.

Assignments and Nominations :-

Assignments and Nominations is possible under this Lic Jeevan Lakshya Policy plan no 833.

Documents requirements:-

1.Proposal form 300 along with photo.

2.Address proof

3.Age proof

4.Medical reports (if required)  

LIC'S Children's Money Back Plan T-832

                  LIC'S Children's 

           Money Back Plan    T-832.       


 LIC New Children’s Money Back Plan (Plan / Table no 832) is a new Money back plan from Life Insurance Corporation of India (LIC). Today LIC has launched this plan . This new money-back plan is a non-linked, with profits and regular premium payment policy. It is a savings cum protection plan.

 Features of Plan :-

• Minimum & Maximum Entry Age : 0 to 12 years (Child age)
• Life Assured / Insured : Your Child's life is insured under this plan *
• Proposer’s Minimum / Maximum Age : 18 years / 55 years (Proposer can be Child’s parent / guardian)
• Policy Term : Maximum upto 25 years of Child’s age. (If Child’s age is 10 years, policy tenure is 15 years)
• Premium Paying Term (PPT) : Maximum upto 25 years.minus Child Age (If Child’s age is 10 years, PPT is 15 years)
• Minimum Sum Assured : Rs 1 Lakh
• Maximum Sum Assured : No limit
• Premium Waiver Benefit Rider (optional) : Available. (LIC’s Premium Waiver Benefit Rider is available as an optional rider on the life of proposer aged between ages 18 to 55 years by payment of additional premium. In case of death of the proposer, the premiums under the basic plan falling due after the date of death shall be waived.)
  

  Death Benefit :-

In that there are three types of risk one is death before the date of commencement of risk and death after commencement.

On death Before the Date of Commencement of Risk:

• An amount equal to the total amount of premium/s paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:

• The actual risk cover only after completing age of 8 years or after two years from the date of commencement of Policy whichever is later.
  

On death Of Proposer :

Death of the proposer occurs after the commencement of risk, death benefit amount which includes ‘Sum Assured on death ' will be paid If you are Opted PWB Rider.

Survival Benefit And Maturity Benefits (Money Back Schedules)

• • 20% of Sum Assured is paid when child completes 18 years.
  • 20% of Sum Assured is paid when child completes 20 years.
  • 20% of Sum Assured is paid when child completes 22 years.
  • After the policy maturity End of 25^th Year , maturity amount which includes 40% of sum assured + Accrued Bonuses (vested Simple Reversionary Bonuses) + Final Additional Bonus (FAB – if any) will be paid.
    

Documents Required:-

     1. Proposal Form No 300 and 340 and 360.
     2. Passport size Photograph(Proposer)
     3. 2 Passport size Photograph(Child) if required
     4. Your ID Proof
     5. School ID Card(Child) if age >
     6. Your Age Proof
     7. Age Proof(Child) if required
     8. Address Proof.

LIC'S Jeevan Sangam T-831

             LIC'SJeevan Sangam T-831

Today LIC has launched , Non -linked, With-Profits & ; Single premium  closed ended plan.

This plan is available for 90 days Only i.e; between 4th March,2015 to 04-06-2015 90 days only.

Highlights:-

Guaranteed Return (MSA) + Loyalty addition on maturity

Any time surrender option & higher surrender value

Premium paid is eligible for rebate under 80(C)

High levels of death cover during the policy term.

Option to choose Maturity Sum Assured.

Premium will depend on Maturity Sum Assured & Age of Life Assured..

Minimum age at entry > 6 years completed.

Maximum age at entry > 50 years (age near birthday)

Plan Term : 12 Years.

Premium Mode : Single Premium.

Minimum Maturity Sum Assure : 75000 and above (In multiples of 10000).

Maximum Maturity Sum Assure : No Limit.

LIC's Jeevan Sangam's Loan:-

Loan Facility available after 3 months of the policy issuance.

LIC's Jeevan Sangam's maturity benefits:-

On the Life Assured surviving to the end of the policy term, the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

LIC's Jeevan Sangam's death benefits :-

On death during first five policy years:

Before the date of commencement of risk:

Refund of single premium excluding service tax and extra premium, if any, without interest.

After the date of commencement of risk:

Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years but before the stipulated Date of Maturity:

Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty addition, if any, shall be payable The Tabular single premium mentioned above does not include any extra premium or taxes and is before applying any rebate.

LIC's New Jeevan Sangam's - Surrender Value:-

The policy can be surrendered at any time during the policy term . Guaranteed Surrender Value:

The Guaranteed Surrender Value shall be as under:-

» First year: 70% of the Single premium paid excluding extra premium and taxes, if any.

»Thereafter: 90% of the Single premium paid excluding extra premiums paid and taxes, if any.

Special Surrender Value: SSV is payable if it is higher than GSV .

Documents Required:-

1.Proposal Form No 300 and 340.

2 1.Passport size Photograph (Proposor) * latest

3.Your ID Proof (Passport, Driving Liciences, PAN, Voter ID)

4. Your Age Proof (Passport, School Certificate, Driving Liciences, PAN, Voter ID)

5.Address Proof (Passport,Driving Liciences, PAN, Voter ID Adhara Card)

6. Medical Reqiurment If any,

LIC'S LIMITED PREMIUM ENDOWMENT PLAN T-830

LIC'S  LIMITED PREMIUM   ENDOWMENT PLAN T-830

Today LIC has launched new plan is LIMITED PREMIUM ENDOWMENT PALN, the payment of premiums is limited to a term shorter than the policy. The maturity amount is payable at the end of the policy term, or on the death of the policy holder whichever is earlier.

Type of plan : - Endowment plan with limited premium paying term.

• Minimum Entry Age : 18 years
• Maximum Entry Age : 62 years
• Maturity Age : 75 years ( Maturity age is, the date at which the face amount of a life insurance policy becomes payable by either death or other policy terms and conditions).
• Policy duration : Under this plan three types of durations are available – 12/16/21 years
• Premium Paying Term : 8 years (or) 9 years
• Minimum Sum Assured : Rs 3 Lakh
• Maximum Sum Assured : No limit.

LIC Plan 830 – Maximum Age at entry Vs PPT :-

Loan :- This Facility also available..

Optional Benefit :-

The Life Assured could opt for the subsequent Rider benefit(s):

1. LIC's Accidental Death and Disability Benefit Rider ( UIN: 512B209V01).

2. LIC's New Term Assurance Rider (UIN: 512B210V01 ).

Death Benefit :-
On death of policy holder during the policy period, his or her nominee will receive Sum Assured on Death+Accumulated Bonus and Final Additional Bonus if declared by LIC.

Sum Assured on Death will be higher of the below

(i) 10 times of annualized premium paid. (Or)

(ii) Absolute amount to be payable i.e 125% of Basic Sum Assured.

   This death benefit shall not be less than 105% of all the premiums paid as on date of death.

Maturity Benefit:-  If policy holder survives till the end of policy term then he/she will receive Sum Assured on Maturity+Bonus+Final Additional Bonus (if declared by LIC). Here Sum Assured on Maturity is equal to Basic Sum Assured.

Income tax Benefit :- Premiums paid under Life insurance policy are exempted from tax under Section 80 C Available limit Rs.1,50,000/-.

Documents Required:-

1.Proposal Form No 300 and 340.

2 1.Passport size Photograph (Proposer) * latest

3.Your ID Proof (Passport, Driving Licences, PAN, Voter ID)

4. Your Age Proof (Passport, School Certificate, Driving Licences, PAN, Voter ID)

5.Address Proof (Passport,Driving Licences, PAN, Voter ID Adhara Card)

6. Medical Requirement If any,

LIC'S JEEVAN SHAGUN T-826

   LIC'S JEEVAN SHAGUN T-826  

Close Ended Plan - Available for 90 Days only

 from 01- 09-2014 till 29-11-2014.   

Today LIC Jeevan Shagun is launched  for  58^th Year anniversary gift .  LIC Jeevan Shagun is available for Maximum Period of 90 Days. Lic jeevan shagun plan is a Single Premium Money Back Policy. LIC Jeevan Shagun Provides High Level of Death Cover like term insurance Policy 


Minimum Entry Age : 8 Years (Completed)
Maximum Entry Age : 45 Years
Premium Payment : One Time Payment ( Single Premium)
Minimum Maturity Sum Assured : Rs. 60,000 /-
Maximum Maturity Sum Assured : No Limit
Policy Term : 12 Years


Death Benefit :-

Death During the first 5 Years from the date of taking Policy :

Basic Sum Assured i.e. 10 times of the single Premium Payable
Death after 5 Years from the date of taking Policy :
Basic Sum Assured i.e. 10 times of the single Premium Along with Loyalty Addition if any.

Survival Benefits ( Money Back Shedules) And Maturity Benefits :-

If Policyholder Survives till the end of the specific Periods, Survival Benefits are Payables like below.
At the end of 10th Policy year : 15% of the Maturity Sum Assured.
At the end of 11th Policy year : 20% of the Maturity Sum Assured.

At end of the Policy Term 12 th Policy Year :65% of Maturity Sum Assured along with Loyalty Addition is payable.

Loan :-

Loan is available under this plan after completion of one policy Year. Loan is given based on Surrender value and Policy Year.

Income Tax Benefit :- U/s 80 C of Income tax benefit also available.

Documents Required:-

1.Proposal Form No 300 and 340.

2 1.Passport size Photograph (Proposer) * latest

3.Your ID Proof (Passport, Driving Licences, PAN, Voter ID)

4. Your Age Proof (Passport, School Certificate, Driving Licences, PAN, Voter ID)

5.Address Proof (Passport,Driving Licences, PAN, Voter ID Adhara Card) .

6. Medical Requirement If any,

LIC's Jeevan Rakshak

LIC's Jeevan Rakshak T-827

Few details of LIC's Jeevan Rakshak new policy.

Minimum Policy value: Rs. 75,000/-

Maximum Policy value: Rs. 2,00,000/-

Minimum Age at entry:8 years  

Maximum age at entry:55 years

Death benefit :

                1.Basic policy value or

             2.10 times of annulized premium or

          3.105% of the all the premiums paid as on  date of death.

       which ever is higher of the above 3

Loan,Medical details,Nomination,Assignment and other details please send me a mail to licchakri@gmail.com

Varishtaa Pension Policy for Indian Senior Citizens

Varishtha Pension Bhima Yojana Policy( Immediate Pension Plan ,,VPBY )

        

Minimum Joining Age :  Above 60 years. 

      Interest Rates       : 9 % to 9.38%

Minimum Immediate Pension: 

        Rs. 500/- Per Month,          

             Rs.1500 /- Per Quarterly   

                   Rs 3,000/- Half Yearly                                    ........  ..........  Rs.6,000/- Yearly 

...
..
                        ..   Maximum Immediate Pension:
                                  Rs.5,000/- Per Month
                                       Rs.15,000/- Per Quarter
                                             Rs.30,000/- Half Yearly
                                                   Rs.60,000/- Yearly

                  Minimum Investment     :  Rs.66,665/

                         Maximum Investment   :  Rs. 6,66,665/-

Pension Rate not based on the Age it is based on Mode of Pension:

Yearly  Pension Rate of Interest : 9.38 %

               Half Yearly   Pension Rate of Interest : 9.17 %

                         Quarterly      Pension Rate of Interest :  9.06  %

                                  Monthly  Pension Rate of Interest : 9.00 %

Loan ,Return of Purchase Price ,Insurance Coverage and other details please ask through e-mail :- 

 licchakri@gmail.com 

                  New Jeevan Anand T-815      

 LIC has re-launched its “Jeevan Anand” plan, attractive combination of protection and savings.This product provides financial protection against death throughout the lifetime of the policyholder with a special feature wherein it offers cover for whole life even after payment of maturity amount.

The policy can be taken from age 18 years to 50 years with age of policyholder on policy maturity age not exceeding 75 years. 

The policyholder can choose policy term from minimum 15 years to maximum of 35 years. 

   LIC's New Endowment Plan T-814  

LIC’s New Endowment Plan is a participating non-linked stocks which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policy holder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

Benefits:

LIC's Single Premium Endowment Plan  T- 817

LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

LIC's New Money Back Policies T- 820 (Policy Term-20)  T- 821( Policy Term-25)

LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

Benefits:

New Bima Bachat T- 816

New Bima Bachat is a single premium policy from LIC. It is combination of  savings cum protection plan, where premium is paid in lump sum (Single) at the outset of the policy. and also it is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.


BENEFITS:

 LIC’s  Anmol Jeevan - II  T- 822 & 

 Amulya Jeevan - II  T- 823

LIC’s Anmol Jeevan - II is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate demise.

Benefits:

LIC's Jeevan Nidhi T- 818

LIC’s New Jeevan Nidhi Plan is a Endowment With profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

Benefits:

Benefit on Vesting:  Provided the policy is in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.


The following options shall be available to the Life Assured for utilization of the benefit amount.

LIC's New Jeevan Akshay -VI

It is an Immediate Annuity plan,(Immediate Pension Plan), which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities.

Options Available:

The following options are available under the plan

Type of Annuity (Pension):

           LIC's New Jeevan Arogya-T 904

LIC has introduced a Modified Jeevan Arogya plan which launched on 16th November 2013. Kindly note that the Plan Number for this modified plan is 904.The modifications are given as under:

Standard definitions have been incorporated in Policy Document for all standard terms defined in the new guidelines.Only yearly and half yearly modes of premium payment shall be available

Children covered under the policy shall be provided the option to take a new policy on renewal of the Policy after completion of 18 years of age or at the end of the maximum cover ceasing age (i.e.25 years) under the current policy.....Service Tax will be separately collected along with the premium.

All other features are same as Jeevan Arogya 903,,