LIC s Bima Diamond

Bima Diamond (841)

Product Summary :
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.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term
16 Year
20 Year
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 Year 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)

Maximum Maturity Age :
For Term 16Year - 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 :
For Term 16:
15% of Basic SA is payable after 4th, 8th and 12th year of policy.
Maturity Time 55% of Basic Sum Assured + Loyalty addition if any.

For Term 20:
15% of Basic SA is payable after 4th, 8th , 12th and 16th year of policy.
Maturity Time 40% of Basic Sum Assured + Loyalty addition if any.

For Term 24:
12% of Basic SA is payable after 4th, 8th , 12th , 16th and 20th year of policy.
Maturity Time 40% of Basic Sum Assured + Loyalty addition if any.

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.

LIC JEEVAN LABH

Jeevan Labh Plan - 836

Plan No. 836

LIC's Jeevan Labh is a Limited Premium Payment Endowment Insurance Plan.The Main Feature of this plan is, the payment of premiums is limited to a term shorter than the policy (Limited Premium Payment -LPP).
The maturity amount is payable at the end of the policy term, or on the death of the policy holder whichever is earlier.
Maturity Benefit under Jeevan Labh : Sum Assured + Bonus + Final Additional Bonus (As applicable).
Death Benefit under Jeevan Labh : The policyholder's nominee will receive, 
Sum Assured + Bonus + Final Additional Bonus (As applicable).
Optional riders like Term insurance rider (TR) & ADADB (Accidental Death And Disability Benefit ) are available.
Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to conditions: 
Maximum loan for inforce policy-90% of surrender value and for paid up policies 80% of surrender value.

Eligibility Criteria
Min.Max.Age859
Term/PPT16/10,  21/15,  25/16
MinSum2,00,000
Max No Limit
Premium paying Modes
Yearly,
Half Yearly,
Quarterly,
Monthly (SSS or ECS)

LIC ..World No. 1

>> LIC OF INDIA has Declared Number ONE Insurance Company in the WORLD..

>>Bharat Parekh LIC Agent of Nagpur declared NUMBER TWO AGENT in the World ...

>>Total premium income was 3,80,042 crores

>>Life Fund is more than 16,07,025 crores.

>> Fastest death claim record...
A Death Claim of 3.11 crores was settled in central office...Within 15 minutes it was deposited into bank account of Nominee after committee accepted it...

>>LIC of India Total Book Assets is 17,06,192 Crores...Market value is much more...

>>International All Over world Premium Collection is 265.13 million dollars..

>>In LIC Annual report provision for BAD AND SUBSTANDARD ASSETS is only 0.2%.

>> In 11 th 5 year plan lic had invested 7,04,151 crores..

>>LIC of India is the largest insurance company in the world. 29.61 Crores Individual Policies and group policies 11.54 crores.

>>All Major Private companies got loan from LIC.

>> In india every ONE MINUTE we are using is mostly funded with loan by Lic i.e road,public utilities, highways, flyovers, electricity, rural sector....

>>LIC of india does not take loan but LIC of india gives loan to everybody

LIC's Limited Premium Endowment Plan

LIC New Jeevan Anand

Regular income to yr child, even in your absence

Unique solution giving regular income to yr child, even in yr absence.Get guaranteed benefit of 110% of sum assured on maturity. Call today !
- K Dhamodharan (LIFE INSURANCE COUNSELOR) 9940857995

LIC New Children's money Back

New Children’s Money Back (832)

LIC’s New Children’s 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 premium's 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 Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of 10 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 three years.
 
Loan : Loan facility is available under this plan after the payment of premiums for atleast three full years.

Income Tax Benefit : Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity under this plan is
tax free under sec 10(10D).

Limited Premium Endowment(830)

LIC Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan. Premium Payment Mode:
Yearly,
Halfly,
Quarterly,
Monthly(ECS)
Term : 12 Year 16 Year 21 Year P.P.T. 8 Year 9 Year

Minimum Entry Age : 18 Year Completed
Maximum Entry Age : 62 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year

Minimum Sum Assured : 3,00,000

Maximum Sum Assured : NO LIMIT
(Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death : 125%of 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 two full years premiums have been paid.
  Loan : Loan Facillity 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).

LIC Jeevan Lakshya

LIC Jeevan Lakshya (833)

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
P.P.T. (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 & 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 & 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 3 full years premiums have been paid.
Loan : Available after payment of premium of 3 full years.

Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is tax free under sec 10(10D).

LIC New Jeevan Anand Plan(815)

New Jeevan Anand Plan(815)

Product Summary :
LIC New Jeevan Anand(815) 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 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 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 Death”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 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 Reversionary 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 atleast three 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 :
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 plan.