LIFE INSURANCE CORPORATION

NEW JEEVAN ANAND PLAN (815)

PRODUCT SUMMERY:

LIC new Jeevan Anand plan is a participating non linked plan which offers an atractive combination of protection and savings.This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his or her survival.

PREMIUM PAYMENT MODE:

YEARLY

HALFLY

QUARTERLY

MONTHLY(ECS)

TERM:

15 TO 35 YEARS

MINIMUM ENTRY AGE:

18 Years completed.

MAXIMUM ENTRY AGE:

50 Year (Nearest Birthday)

MAXIMUM MATURITY AGE:

75 Years.

MINIMUM SUM ASSURED;

1,00,000

MAXIMUM SUM ASSURED:

NO LIMIT (DEPENDING UPON INCOME)

* Maximum Acidenial Deah and disability Benefits Rider up o age 70

Policy benefits:

 On death:

Provided all due premiums have been paid,the following death benefit shall be paid: On death during he policy term.Death benefits and vested simple reversionary bonuses and final additional bonus,if any shall be payable where "sum assured on death is defined as higher of 125% of basic sum assured or 10 times of annualized premium.

This death benefits shall not be less than 105% of all premium paid as on date of death.The premiums mentioned above exclude service tax,extra premium and rider premiums if any.

On death of policy holder at any time after

Policy term: Basic sum asuured.

 

LIC INSURANCE CORPORATION JEEVAN AKSHAY VI 189

 LIC INSURANCE CORPORATION

JEEVAN AKSHAY VI 189

 

PRODUCT SUMMERY:

LIC Jeevan Akshay VI(189) is an immediate annuity plan that can be bought  by paying a lump sum as single premium.Pension will start immediately after buying the policy.Various options are available for the type and mode of payment of annuities But once chosen,It can not be changed. 

PREMIUM PAYMENT MODE:

Single Premium

ANNUITY MODE:

Annuity may be either at monthly,Quarterly,Half yearly or yearly inervals.

you may opt any mode of payment of annuity.

MINIMUM ENTRY AGE:

30Years completed.

MAXIMUM ENTRY AGE:

1. 100 Year Last Birthday for Option[F] Annuity for life with return of purchase price on death.
2. 85 Year last Birthday for all annuity option other than option F  

MINIMUM SUM ASSURED:

Rs 1,00,000/- for all distribution channels except online.
Rs 1,50,000/- for on line sale.

MAXIMUM SUM ASSURED:

NO LIMIT

ANNUITY OPTION:

i) Annuity for life.
ii) Annuity guaranteed for 5,10,15,20 years And for life thereafter.
iii)Annuity for life with return of purchase price on death.
iv)Annuity for life purchasing at a simple rate 3 % P.A
v)Annuity for life with a provision for 50 % of the annuity to the spouse of the annuitant for life on death of the annuitant.
vi)Annuity for life with a provision for 100% of the annuity o he spouse of the annuitant for life on death of the annuitant.
vii)Annuiy for life with a provision of 100% of the annuity payable o spouse during his/her life time on death f annuitant with return of purchase price on the death of last survivor.

POLICY BENEFITS:

ON DEATH:
a) Under option(i)
 payment of annuity ceases.
b) Under option (ii) 
1.On death during the guarantee period- annuity is paid to the nominee till the end of the guraneed period after which the same ceases.
2.On death after the guranee period- payment of annuity ceases.
c) Under option (iii)
Payment of annuity eases and the purchase price is returned to the nominee.
d) Under option (iv)
Payment of annuity cease.
e)Under option(v)
Payment of annuity ceases and 100% of the annuity is paid to the surviving names spouse during hos /her life time If the spouse predeceases the annuitant,nohing is payable after the death of the annuitant.
g) Under option(vi)
Payment of annuity ceases 100% of the annuity is paid o the surviving named spouse during his/her life time and purchase price is returned  the nominee after the death of the spouse.If the spouse predeceases the annuitant the annuity ceases and purchase price is paid to the nominee.The amount of annuity shall be assured throughout the period for which it is payable.

SURRENDERED VALUE:

Surrender shall be allowed after completion of at least one policy year from date of commencement of policy only for annuity option F Annuity for life with return of purchase price in some circumstance  

LOAN:

No Loan Available 

INCOME TAX:

Premium paid under this plan is eligible for TAX rebate under section 80 c
Pension that is received is taxable.

 FOR MORE DETAILS:

ALLWIN J

LIC AGENT/ADVISOR

LIC0207174G

PH: 82202 00471/63821 58007

E-MAIL: allwin.js2009@gmail.com

LIFE INSURANCE CORPORATION CANCER COVER -905

LIFE INSURANCE CORPORATION

 CANCER COVER -905

PRODUCT SUMMERY:

1.Non linked
2.Regular premium payment health insurance plan which provides fixed benefits in case life assured is diagnosed with any of the specified early and or major stage during the policy term subject to certain terms and conditions.

THE PLAN HAS TWO BENEFITS:

Which have to be chosen by the proposer at the outset.

1) Level sum Insured :

The basic sum assured remains same through out the term.

2) Increasing sum assured:

10% increase in sum assured for 1st 5 years or till diagnosis of specified cancer.

PREMIUM PAYMENT MODE:

• Yearly
• Halfly

MINIMUM POLICY TERM:

10 Years

MAXIMUM POLICY TERM:

30 Years.

MINIMUM ENTRY AGE :

20 Years (completed)

MAXIMUM ENTRY AGE:

65 Years (last birthday)

MINIMUM & MAXIMUM COVER CEASING AGE:

50 Years & 75 Years.

MINIMUM SUM ASSURED:

Rs 10,00,000

MAXIMUM SUM ASSURED:

Rs. 50,00,000

Basic Sum Assured shall be multiple of Rs 1,00,000.

Minimum Premium Rs 2400 P.a for all modes.

A) EARLY STAGE OF CANCER:

Payable once for he 1st year.

i)Lumpsum 25% of applicable sum Assured payable
ii) Next 3 year premium waived.

B) MAJOR CANCER:

i)Lumpsum 100% of applicable sum assured payable  - any claim paid for A above if any.

ii) 1% of applicable sum assured guaranted payable for next 120 months.

AND

iii) waiver f future premiums.Maximum claim payable  220% of applicable sum assured.

SURRENDERED VALUE:

No surrender value will be available under the policy.

LOAN:

No loan facility will be available under the policy.



FOR MORE INFORMATION:

ALLWIN J
LIC Agent,
Ph: +91 82202 00471
       +91 63821 58007
EMAIL: allwin.js2009@gmail.com
BLOG: www.licinsuranceforall.blogspot.com

LIFE INSURANCE CORPORATION - NEW ENDOWMENT PLAN 814

LIFE INSURANCE CORPORATION

 NEW ENDOWMENT PLAN - 814

  
 PRODUCT SUMMERY:

• LIC New endowment plan is a regular premium ,
• non-linked,with profits endowment plan.

PREMIUM PAYMENT MODE:

• Yearly
• Halfly
• Quarterly
• Monthly(ECS-ELECTRONIC CLEARANCE SERVICE)

TERM:
12- 35 Years

MINIMUM SUM ASSURED:
1,00,000(INR)

MAXIMUM SUM ASSURED: 
No Limit(Depending Upon Income)

MINIMUM AGE ENTRY:
8 Years completed.

MAXIMUM AGE ENTRY:
55 Years(Nearest Birthday)
Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy benefits:

ON DEATH:

Sum Assured + versed Bonus +FAB(Final Additional Bonus) if any.,

OR.

10 Times of annualized premium OR 105% Of all Premium Paid as on death,Which ever is high

ON SURVIVAL:

The policy can be surrendered at any time during the policy term provided at least 3 full year premiums have been paid.

LOAN:
Loan facility is avilable under this plan,After payment of premiums for at least 3 full years.

INCOME TAX FACILITY:
Premium paid under his plan is eligible for TAX rebate under section 80 c.
Maturity under ths plan is free under sec 10(10D).


FOR MORE INFORMATION:

J ALLWIN
LIC AGENT
LIC0207174G
PH : +91 82202 00471
      : +91 63821 58007.
E-MAIL:allwin.js2009@gmail.com