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Showing posts from September, 2016

LIC Insurance Plan - Bima Diamond (Plan No. 841)

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LIC's Bima Diamond Plan (841) is a non-linked, with-profits, limited premium payment money back type plan which offers a combination of protection and saving.This plan provides financial support for the family not only during the policy term but also beyond the policy term during the Extended Cover Period (equal to half of the policy term and beginning from the date of maturity). • Minimum Basic Sum Assured:  Rs. 1,00,000/-   • Maximum Basic Sum Assured:  Rs. 5,00,000/-   • Policy Term:  16 Year OR 20 Year OR 24 Year  • Premium Paying Term:  For Term 16 Year PPT 10 year  For Term 20 Year PPT 12 Year  For Term 24 Year PPT 15 year   • Minimum Entry Age:  14 years (completed)   • Maximum Entry Age: For Term 16Year - 50 Year (Nearest Birthday) For Term 20 Year - 45 Year (Nearest Birthday) For Term 24 Year - 41 Year (Nearest Birthday)   •Extended Cover after Completion of Policy term. Extended Cover Period equal to half of the policy term.   • Mode of Premium Payme

Latest News - LIC - WAKE-UP CALL for Revival of Lapsed Policy

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Revive your Lapsed Policy and avail concession in late fees & health requirements as applicable till 15.09.16 only

LIC Insurance Plan - Jeevan Labh (Plan No. 836)

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LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan. • Minimum Basic Sum Assured:  Rs. 2,00,000/-   • Maximum Basic Sum Assured:  No Limit  • Minimum Policy Term:  16 Year OR 21 Year OR 25 Year  • Premium Paying Term:  For Term 16 Year PPT 10 year , For Term 21 Year PPT 15 Year , For Term 25 Year PPT 16 year   • Minimum Entry Age:  8 years (completed)   • Maximum Entry Age:  59 years (nearer birthday)   • Maximum Age at Maturity for Life Assured:  75 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   • Accidental Death & Disability Benefit Rider  is available on payment of additional premium.   LIC's Jeevan Labh Benefit Details • On Death:  "Sum Assured + Vested Bonus + FAB if any."  • Where 'S.A. on Death' is defined as the higher of  i. 10 times of Anualized Premium, OR  ii. 105%of all Premiums paid as on death • On Survival :  On surv

LIC Insurance Plan - Jeevan Pragati

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LIC's Jeevan Pragati Plan is a non-linked, with profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy. • Minimum Basic Sum Assured:  Rs. 1,50,000/-   • Maximum Basic Sum Assured:  No Limit (Multiple of Rs. 10,000/- only)   • Minimum Policy Term:  12 years   • Maximum Policy Term:  20 years   • Minimum Entry Age:  12 years (completed)   • Maximum Entry Age:  45 years (nearer birthday)   • Maximum Age at Maturity for Life Assured:  65 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   • Accidental Death & Disability Benefit Rider  is available on payment of additional premium.   • Minimum entry age for the rider  is 18 years.   • Minimum Accident Benefit Sum Assured  is Rs 10,000   • Maximum Accident Benefit Sum Assured  is an amount equal to the Basic Sum Assured subject to the maximum of Rs 1 Cr

LIC Insurance Plan - Children's Money Back (Plan No. 832)

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LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. • Minimum Basic Sum Assured:  Rs. 1,00,000/-   • Maximum Basic Sum Assured:  No Limit   • Policy Term:  25 – Age at entry of the child   • Minimum Entry Age:  0 Year Last Birthday   • Maximum Entry Age:  12 Year Last Birthday   • Age at Maturity for Life Assured:  25 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   LIC's Childrens Money Back Benefit Details • 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.

LIC Insurance Plan - Limited Premium Endowment (Plan No. 830)

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LIC's Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. • Minimum Basic Sum Assured:  Rs. 3,00,000/-   • Maximum Basic Sum Assured:  No Limit  • Policy Term:  12 year or 16 year or 21 year   • Premium Paying Term:  8 year or 9 year   • Minimum Entry Age:  18 years (completed)   • Maximum Entry Age:  62 years (nearer birthday)   • Maximum Age at Maturity for Life Assured:  75 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   • Accidental Death & Disability Benefit Rider  is available on payment of additional premium.   LIC's Limited Premium Endowment Benefit Details • On Death:  "Sum Assured + Vested Bonus + FAB if any."  • Where 

LIC Insurance Plan - Jeevan Tarun (Plan No. 834)

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LIC's JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years. • Minimum Basic Sum Assured:  Rs. 75,000/-   • Maximum Basic Sum Assured:  No Limit   • Policy Term:  25 – Age at entry of the child   • Premium Paying Term:  20 – Age at entry of the child   • Minimum Entry Age:  0 Year Last Birthday   • Maximum Entry Age:  12 Year Last Birthday   • Age at Maturity for Life Assured:  25 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   LIC's Jeevan Tarun Benefit Details • 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 premi

LIC Insurance Plan - Jeevan Lakshya (Plan No. 833)

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This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years. • Minimum Basic Sum Assured:  Rs. 1,00,000/-   • Maximum Basic Sum Assured:  No Limit   • Minimum Policy Term:  13 years   • Maximum Policy Term:  25 years   • Premium Paying Term:  (Policy Term - 3) Years   • Minimum Entry Age:  18 years (completed)   • Maximum Entry Age:  50 years (nearer birthday)   • Maximum Age at Maturity for Life Assured:  65 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   • Accidental Death & Disability Benefit Rider  is available on payment of additional premium.   LIC's Jeevan Lakshya Benefit Details • On Death:  Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner. • Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity) •

LIC Insurance Plan - Single Premium Endowment (Plan No. 817)

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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 lump-sum at the end of the selected policy term in case of his/her survival. • Minimum Basic Sum Assured:  Rs. 50,000/-   • Maximum Basic Sum Assured:  No Limit  • Minimum Policy Term:  10 years   • Maximum Policy Term:  25 years   • Minimum Entry Age:  90 Days (completed)   • Maximum Entry Age:  65 years (nearer birthday)   • Maximum Age at Maturity for Life Assured:  75 years   • Mode of Premium Payment:  Single Premium   LIC's Single Premium Endowment Benefit Details • On Death after commencement of risk:  Sum Assured + Vested Bonus + FAB if any.  • On Death before commencement of risk:  Return of Single Premium excluding taxes and Extra Premium.   • On Survival :  On surviva

LIC Insurance Plan - New Endowment (Plan No. 814)

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LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. • Minimum Basic Sum Assured:  Rs. 1,00,000/-   • Maximum Basic Sum Assured:  No Limit  • Minimum Policy Term:  12 years   • Maximum Policy Term:  35 years   • Minimum Entry Age:  8 years (completed)   • Maximum Entry Age:  55 years (nearer birthday)   • Maximum Age at Maturity for Life Assured:  75 years   • Mode of Premium Payment:  Yearly, Half-yearly, Quarterly & Monthly   • Accidental Death & Disability Benefit Rider  is available on payment of additional premium.   LIC's New Endowment Benefit Details • On Death:  "Sum Assured + Vested Bonus + FAB if any."  • Where 'S.A. on Death' is defined as