Sunday, 18 September 2016

LIC's Bima Diamond - 841


LIC’s Bima Diamond plan 841 offers a combination of protection and savings. In case of unfortunate death of the policyholder, 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). Periodic payments shall also be made on survival of the policyholder at specified durations during the policy term. It is a close ended plan which shall be available for sale upto 31st August, 2017, coinciding with the Diamond Jubilee Year of the Corporation.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
16 Year
20 Year
24 Year
P.P.T.:
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 Year Completed
Maximum Entry Age :
For Term 16 Year - 50 Year (Nearest Birthday)
For Term 20 Year - 45 Year (Nearest Birthday)
For Term 24 Year - 41 Year (Nearest Birthday)
Maximum Maturity Age :
For Term 16 Year - 66 Year
For Term 20 & 24 Year - 65 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
5,00,000
Extended Cover after Completion of Policy term. Extended Cover Period equal to half of the policy term.

Policy Benefits :
On Death :
On death during first five policy years:
Sum-Assured on death
On death after five policy years:
Sum-Assured on death + Loyalty addition if any.
where Sum-Assured on death is Basic Sum-Assured,OR
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.

On Survival : On survival Sum assured on Maturity + Loyalty addition if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided at least three full years premiums have been paid.
Loan : Loan Facility is available under this plan, after payment of premiums for at least 3 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).
Proposal Form : 300/340/360 shall be used under this plan.
More Details... or Call 9990286759

Wednesday, 17 February 2016

LIC's Jeevan Pragati Plan - 838

Product Summary :
LIC's Jeevan Pragati (838) is a non-linked, with profits Endowment Assurance Plan wherein the risks cover automatically increases after every five years during the term of the policy. Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
12 to 20 Years
Minimum Entry Age :
12 Year Completed
Maximum Entry Age :
45 Year (Nearest Birthday)
Maximum Maturity Age :
65 Year (Nearest Birthday)
Minimum Sum Assured :
1,50,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits :
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. Absolute amount assured to be paid on death, which is as under:
During first five policy years: 100% of the Basic S.A.
During 6th to 10th policy years: 125% of the Basic S.A.
During 11th to 15th policy years: 150% of the Basic S.A.
During 16th to 20th policy years: 200% of the Basic S.A.
This Death Benefit shall not be less than 105% of all Premiums paid as on death

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 3 full years premiums have been paid.
Loan :
Loan Facillity is available under this plan, after payment of premiums for at least 3 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).
Proposal Form : 300/340/360 shall be used under this plan.

More Details... or Call 9990286759

Saturday, 16 January 2016

LIC'S JEEVAN SHIKHAR - 837

LIC's Jeevan Shikhar (837) is a participating, non-linked, saving cum protection single premium plan wherein the risk cover is ten times of Tabular Single Premium.
The proposer will have an option to choose the Maturity Sum Assured. The premium payable shall depend on the chosen amount of Maturity Sum Assured and age at entry of the life assured.
This plan also takes care of liquidity need through its loan facility.
The plan will be open for sale for a maximum period of 120 days from the date of launch.
Premium Payment Mode:
Single Premium
Term :
15 Years
Minimum Entry Age :
6 years (completed)
Maximum Entry Age :
45 years (nearer birthday)

Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Higher Maturity Sum Assured than MSA amount shall be in multiple of Rs. 20000/-

Policy Benefits :
On Death :
On death during first five policy years:
Before the date of commencement of risk:
Refund of Single Premium without interest. Single Premium mentioned above shall not include any extra amount if charged under the policy due to underwriting decision and taxes.
After the date of commencement of risk:
“Sum Assured on Death” equal to 10 times the tabular single premium shall be payable.
On death after completion of five policy years but before the stipulated Date of Maturity:
“Sum Assured on Death “equal to 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

On Survival :
On maturity, the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Surrendered Value :
The policy can be surrendered at any time during the policy year. The Guaranteed Surrender Value allowable shall be as under:• First year: 70% of the Single Premium.• Thereafter: 90% of the Single Premium.

Loan :
Loan facility shall be available under the plan at any time during the policy term after. 3 months from the date of acceptance of risk or after expiry of the free-look period, whichever is later.

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).

LIC'S JEEVAN LABH - 836

Product Summary :
LIC's Jeevan Labh Plan (836) 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
P.P.T.
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
10 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 atleast three full years premiums have been paid.
Loan :Loan Facillity is available under this plan, after payment of premiums for at least 3 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).
Proposal Form : 300, 340, 360 shall be used under this plan.
More Details... or Call 9990286759