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: Ramesh Kumar Mali Lic advisor |
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Jeevan Anand 915
Plan :Jeevan Anand (915)
Product Summary :
New Jeevan Anand(915) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum 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 Year Completed
Maximum Entry Age :
50 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Provided all due premiums have been paid, the following death benefit shall be paid:
• On Death during the policy term: Death benefit, defined as sum of Sum Assured on Deathand vested Simple Revisionary 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 7 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
• On death of policyholder at any time after policy term: Basic Sum Assured
On Survival :
Basic Sum Assured, along with vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
Surrendered Value :
The policy can be surrendered for cash provided at least two full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.
Income Tax Benefit :
Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Proposal Form : 300 shall be used under this
Jeevan Umang 945
Plan :Jeevan Umang (945)
Product Summary :
Jeevan Umang Plan (945) is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on death of the policyholder during the policy term.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
[100 - age entry] Year
PPT :
15 year
20 year
25 year
30 year
Minimum Entry Age :
[90]days (completed)
Maximum Entry Age :
55 years (Nearest Birthday) for PPT = 15
50 years (Nearest Birthday) for PPT = 20
45 years (Nearest Birthday) for PPT = 25
40 years (Nearest Birthday) for PPT = 30
Minimum age at the end of the PPT :
[30]years(Nearest Birthday)
Maximum age at the end of the PPT :
[70]years(Nearest Birthday)
Age at Maturity :
[100]years(Nearest Birthday)
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Maximum Accidental Benefit Rider shall be available during the ppt only.
Policy Benefits :
On Death :
On death before the commencement of Risk:
An amount equal to the total amount of premium/s paid without interest shall be payable.
On death after commencement of Risk:
Sum Assured on Death+vested simple reversionary Bonus + FAB if any.
Where Sum Assured on Death is defined as the highest of
Basic Sum-Assured,OR
7 times of Annualized Premium, OR
105%of all Premiums paid as on death
On Survival :
On survival 8% of Basic Sum Assured shall be payable each year.
For more information visit www.LicAllinOneCalc.com
Child Money Back Policy 932
Plan :Child Money Back (932)
Product Summary :
New Childrens Money Back Plan is a non-linked, with-profits, regular premium payment money back plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
25 Age at Maturity Time
Minimum Entry Age :
0 Year Last Birthday
Maximum Entry Age :
12 Year Last Birthday
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Policy Benefits :
On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.
On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 7 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.
On Survival :
If Policy in full force :
Completion Age 18YRS - 20% OF MSA
Completion Age 20YRS - 20% OF MSA
Completion Age 22YRS - 20% OF MSA
On Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FAB
Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full two years.
Loan :
Loan facility is available under this plan after the payment of premiums for at least two full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
For more information visit www.LicAllinOneCalc.com
25 Year Money Back Policy 921
Plan :25Year Money Back (921)
Product Summary :
This is a limited premium payment, non-linked, with profits Money Back Plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
25 Year
PPT :
20 Year
Minimum Entry Age :
13year Completed
Maximum Entry Age :
45 Year (Nearest Birthday)
Maximum Maturity Age :
70 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium.
Death Benefit shall not be less than 105% of total premiums paid as on date of death.
The premiums exclude taxes, extra premium and rider premiums.
On Survival :
15% of Basic SA is payable after 5th, 10th, 15th and 20th year of policy.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The policy can be surrendered for cash provided atleast two full years premiums have been paid. The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax)excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.
Loan :
Available after payment of premium of 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
For more information visit www.LicAllinOneCalc.com
Jeevan Shiromani 947
Plan :Jeevan Shiromani (947)
Product Summary :
Jeevan Shiromani plan is a non-linked, with-profits, limited premium payment money back life insurance plan especially designed for targeted segment of High Net-worth Individuals.
Premium Payment Mode :
Yearly, Halfly, Quarterly, Monthly(ECS)
Term/Ppt :
14/10, 16/12, 18/14 and 20/16 Years
Minimum Entry Age :
18 Years completed
Maximum Entry Age :
55 Years (Nearer Birthday) for Term 14
51 Years (Nearer Birthday) for Term 16
48 Years (Nearer Birthday) for Term 18
45 Years (Nearer Birthday) for Term 20
Maximum Maturity Age :
69 Years (Nearer Birthday) for term 14
67 Years (Nearer Birthday) for term 16
66 Years (Nearer Birthday) for term 18
65 Years (Nearer Birthday) for term 20
Minimum Sum Assured :
Rs 1 crore (Multiple of 5 lakhs thereafter)
Maximum Sum Assured :
No Limit
Guaranteed Addition :
Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT
Policy Benefits :
On Death :
Death during 5 yrs : SA on Death + GA
Death after 5 yrs : SA on Death + GA + LA
*SA on Death* : 125% of BSA or 7 times AP or 105% of Premiums Paid
Survival Benefits :
For 14 yrs policy : 30% of BSA in 10th and 12th year
For 16 yrs policy : 35% in 12th and 14th year
For 18 yrs policy : 40% in 14th and 16th year
For 20 yrs policy : 45% in 16th and 18th year
Maturity time : Remaining SA with GA + LA
Inbuilt Critical Illness Benefit:
10% of BSA on diagnosis of 15 Critical diseases + Premium is deferred for 2 Years w/o interest.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 1 full years premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 1 full years.
For more information visit www.LicAllinOneCalc.com
Jeevan Lakshya 933
Plan :Jeevan Lakshya (933)
Product Summary :
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.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
13 to 25 Years
PPT :
(Policy Term - 3) Years
Minimum Entry Age :
18Years Completed
Maximum Entry Age :
50Years (Nearest Birthday)
Maximum Maturity Age :
65 Year (Nearest Birthday)
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits :
On Death :
Benefits payable on death:
Sum Assured on Death + Bonuses and 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).
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity).
Along with Bonuses and Final Additional Bonus, if any, on maturity. (on due date of maturity).
On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.
Loan :
Available after payment of premium of 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
For more information visit www.LicAllinOneCalc.com
Jeevan Labh 936
Plan :Jeevan Labh (936)
Product Summary :
Jeevan Labh Plan (936) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
16 Year
21 Year
25 Year
PPT :
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 Year Completed
Maximum Entry Age :
59 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum-Assured, OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
For more information visit www.LicAllinOneCalc.com
Bachat Plus 861
Plan :Bachat Plus (861)
Product Summary :
Bachat Plus plan is a Non-linked, participating, Individual Life Assurance Savings Plan. Under this plan, the premium can be paid either as Lumpsum (Single Premium) or as Limited Premium with premium paying term od 5 years.
Premium Paying Term(PPT) :
Option A and Option B : Single premium
Option 1 and Option 2 : 5 Years
Policy Term :
Single Premium Option-A : 10 to 25 years upto Age 40
Single Premium Option-B : 10 to 16 years from Age 41 to Age 44
Limited Premium Option-1 : 10 to 25 years
Limited Premium Option-2 : 10 to 25 years
Minimum Entry Age :
Single Premium : 90 days (completed) for Option A and B
Limited Premium : 90 days (completed) under option 1
Limited Premium : 40 Years (Nearer Birthday) under Option 2
Maximum Entry Age :
Single Premium (Option-A) : 44 Years (Nearer Birthday)
Single Premium (Option-B) : 70 Years (Nearer Birthday)
Limited Premium (Option-1) : 60 Years (Nearer Birthday)
Limited Premium (Option-2) : 65 Years (Nearer Birthday)
Minimum Maturity Age :
18 years (completed)
Maximum Maturity Age :
Single Premium (Option-A) : 65 years (nearer birthday)
Single Premium (Option-B) : 80 years (nearer birthday)
Limited Premium (Option-1) : 75 years (nearer birthday)
Limited Premium (Option-2) : 80 years (nearer birthday)
Minimum Sum Assured :
Rs 1 lakh (Multiple of 25,000 thereafter)
Maximum Sum Assured :
No Limit
Policy Benefits :
On Death :
Death during 5 yrs (Before the date of commencement of risk): Refund of premium(s) paid without interest shall be payable. The Premium(s) referred above shall not include any taxes, extra amount paid due to underwriting decision and rider premium(s) if any.
Death during 5 yrs (after the date of commencement of risk): Sum Assured on Death shall be payable.
Death after 5 yrs : SA on Death + LA
*SA on Death* for Single Premium (option-A): BSA or 10 times Tabular Single Premium for the chosen Basic Sum Assured
*SA on Death* for Single Premium (option-B): BSA or 1.25 times Tabular Single Premium for the chosen Basic Sum Assured
*SA on Death* for Limited Premium (option-1) : BSA or 10 times Annualised Premium for the chosen Basic Sum Assured
*SA on Death* for Limited Premium (option-2): BSA or 7 times Annualised Premium for the chosen Basic Sum Assured
Survival Benefits :
SA on Maturity + Loyalty Addition
*SA on Maturity* = Basic Sum Assured
New Term Assurance Rider available.
New Accidental Death and Disability Benefit Rider available.
Surrendered Value :
Under Single Premium : The Policy can be surrendered at any time during the policy term.
Under Single Premium : The Policy can be surrendered at any time during the policy term.
Loan :
Under Single Premium : Loan shall be available at any time during the policy term after three month from completion of the policy.
Under Single Premium : Loan shall be available at any time during the policy term after three month from completion of the policy.
Revised Proposal Form No. 300, 340 and 360 shall be used under this plan.
For more information visit www.LicAllinOneCalc.com
