Showing posts with label LIC new plan. Show all posts
Showing posts with label LIC new plan. Show all posts

NEW SINGLE PREMIUM PLAN - JEEVAN UTKARSH Plan No 846

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LIC to introduce New single premium close ended plan JEEVAN UTKARSH (Plan No.846), for a maximum period of 270 days. LIC’s Jeevan Utkarsh is a single premium, non-linked, with-profits, savings cum protection plan wherein the risk cover is ten times of Tabular Single Premium. 


Benefits of Jeevan Utkarsh Plan:

Death Benefit:

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 taxes, extra premium chargeable under the policy due to underwriting decision and rider premium, if any. 
After the date of commencement of risk: “Sum Assured on Death” 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. Where “Sum Assured on Death” is defined as the highest of
125% of the single premium; or
Guaranteed Sum Assured on Maturity i.e. Basic Sum Assured ; or
“Absolute amount assured to be paid on death” i.e. 10 times of Tabular Single Premium
Tabular single premiums mentioned above shall not include any extra amount if charged under the policy due to underwriting decision or taxes and is before applying any rebate for high Basic Sum Assured.

Maturity: On the Life Assured surviving to the end of the policy term, “Sum Assured on Maturity” along with Loyalty Addition, if any, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.

Loyalty Addition: Depending upon the Corporation’s experience the policies under this plan shall be eligible for Loyalty Addition at the time of exit after completion of five policy years in the form of Death during the policy term or Maturity, at such rate and on such terms as may be declared by the Corporation. In addition, Loyalty Addition, if any, shall also be considered in Special Surrender Value calculation on surrender of policy during the policy term, provided the policy has completed five policy years.

Optional Benefit: LIC’s Accidental Death and Disability Benefit Rider shall be available under this plan. LIC’s Accidental Death and Disability Benefit Rider.
LIC’s Accidental Death and Disability Benefit Rider shall be available as an optional rider by payment of additional premium. This rider can be opted for at inception only. The benefit cover under this rider shall be available during the policy term of the base plan. If this benefit is opted for, an additional amount equal to the Accident Benefit Sum Assured is payable on death due to accident, provided the rider is inforce at the time of accident. In case of accidental permanent disability (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years. If the policy becomes a claim by way of death before the expiry of the said period of 10 years, the disability benefit instalments which have not fallen due will be paid along with the claim amount. Beyond the specific details as mentioned in this circular in respect of this rider, for any additional details like refund to be made in respect of this rider on surrender of base plan, requirements of claim, definition of disability etc.,

Eligibility Conditions and Restrictions:
For Base Plan:
a) Minimum Entry Age : 6 years (completed)
b) Maximum Entry Age : 47 years (nearer birthday)
c) Mode of premium payment : Single premium only
d) Minimum Basic Sum Assured : Rs.75,000/-
e) Maximum Basic Sum Assured : No Limit
f) Policy Term : 12 years

Basic Sum Assured shall be in multiples of: Rs. 5,000 – if Basic Sum Assured under a policy is below Rs. 3,00,000 Rs. 20,000 – if Basic Sum Assured under a policy is Rs. 3,00,000 and above Age at entry for the Life Assured is to be taken as age nearer birthday except for the minimum age at entry i.e. 6 years, where it is in completed years. Date of commencement of risk: In case the age at entry of the Life assured is less than 8 years, the risk under this plan will commence from one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age. For those aged 8 years or more, risk will commence immediately.



New Plan - Aadhaar Stambh 843

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New LIC Plan - Aadhaar Stambh - Table No 843

*जीवन स्तंभ - 843*

  • किमान वय - 8 वर्ष पूर्ण.
  • कमाल वय - 55 वर्ष (NBD).
  • पालिसी मुदत - 10 ते 20 वर्ष.
  • कमाल मुदतपूर्ण वय - 70 वर्ष.
  • किमान विमा रक्कम - ₹.75,000/-
  • कमाल विमा रक्कम - ₹.3 लाख.
  • (विमा रक्कम 75 हजार ते ₹.1.50 लाख पर्यन्त - ₹.5,000 पटीत आणि विमा रक्कम ₹.1.50 लाख नंतर - ₹.10 हजार पटीत)
  • सर्व मोड उपलब्ध - वार्षिक / अर्ध-वार्षिक / तिमाही / मासिक (NACH किंवा SSS).
  • कर्ज सुविधा उपलब्ध (3 वर्षांनंतर).
  • सरेंडर देखील करू शकणार (3 वर्षांनंतर).
  • एका व्यक्तीच्या या योजने अंतर्गत सर्व पालिसी मिळून जास्तीत जास्त विमा रक्कम - ₹.3.00 लाख.
*ही योजना -*

  • शेयर मार्केटशी सम्बंधित नाही.
  • नफ़ा अथवा बोनस सह.
  • रेगुलर प्रीमियम एंडोमेंट योजना.
*थोडक्यात महत्वाचे :
  • *केवळ पुरुषांसाठी.
  • आधार कार्ड आवश्यक.
  • स्टैण्डर्ड हेल्थी व्यक्तिंसाठी.
  • विना मेडिकल.
  • जास्तीत जास्त विमा रक्कम - ₹.3 लाख
*परिपक्वता लाभ :*
  • मुदतीअंती संपूर्ण बिमा रक्कम + निष्ठा लाभ (लॉयल्टी एडिशन)
*मृत्यु हित लाभ:
  • *पहिल्या 5 वर्षात दुर्दैवी मृत्यु - विमा रक्कम.
  • 5 वर्षानंतरच्या दुर्दैवी मृत्यु - विमा रक्कम + निष्ठा लाभ
  • अपघाती मृत्यु - नेहमीप्रमाणे डबल विमा रक्कम.
*ऑटो कवर :*
  • किमान 3 वर्ष प्रीमियम भरलेला असेल तर FUP पासून 6 महीने.
  • किमान 5 वर्ष प्रीमियम भरलेला असेल तर FUP पासून 2 वर्ष.
अतिशय सुंदर योजना पुरुषांसाठी..

Aadhaar Stambh - 843

New Plan - Aadhaar Shila 844

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LICs New Plan Aadhaar Shila Table 844

*"आधार-शिला" - 844*
  • किमान वय - 8 वर्ष पूर्ण.
  • कमाल वय - 55 वर्ष (NBD).
  • पालिसी मुदत - 10 ते 20 वर्ष.
  • कमाल मुदतपूर्ण वय - 70 वर्ष.
  • किमान विमा रक्कम - ₹.75,000/-
  • कमाल विमा रक्कम - ₹.3 लाख.
  • (विमा रक्कम 75 हजार ते ₹.1.50 लाख पर्यन्त - ₹.5,000 पटीत आणि विमा रक्कम ₹.1.50 लाख नंतर - ₹.10 हजार पटीत)
  • सर्व मोड उपलब्ध - वार्षिक / अर्ध-वार्षिक / तिमाही / मासिक (NACH किंवा SSS).
  • कर्ज सुविधा उपलब्ध (3 वर्षांनंतर).
  • सरेंडर देखील करू शकणार (3 वर्षांनंतर).
  • एका व्यक्तीच्या या योजने अंतर्गत सर्व पालिसी मिळून जास्तीत जास्त विमा रक्कम - ₹.3.00 लाख.

*ही योजना -*
  • शेयर मार्केटशी सम्बंधित नाही.
  • नफ़ा अथवा बोनस सह.
  • रेगुलर प्रीमियम एंडोमेंट योजना.

*थोडक्यात महत्वाचे :*
  • केवळ स्त्रियांसाठी.
  • आधार कार्ड आवश्यक.
  • स्टैण्डर्ड हेल्थी व्यक्तिंसाठी.
  • विना मेडिकल.
  • जास्तीत जास्त विमा रक्कम - ₹.3 लाख

*परिपक्वता लाभ :*
  • मुदतीअंती संपूर्ण बिमा रक्कम + निष्ठा लाभ (लॉयल्टी एडिशन)

*मृत्यु हित लाभ:*
  • पहिल्या 5 वर्षात दुर्दैवी मृत्यु - विमा रक्कम.
  • 5 वर्षानंतरच्या दुर्दैवी मृत्यु - विमा रक्कम + निष्ठा लाभ
  • अपघाती मृत्यु - नेहमीप्रमाणे डबल विमा रक्कम.

*ऑटो कवर :*
  • किमान 3 वर्ष प्रीमियम भरलेला असेल तर FUP पासून 6 महीने.
  • किमान 5 वर्ष प्रीमियम भरलेला असेल तर FUP पासून 2 वर्ष.

अतिशय सुंदर योजना स्त्रियांसाठी..


Compare old Endowment Plan 14 to New Endowment Plan no 814

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LIC launches New Endowment Plan (Table No 814). As per the rule of IRDA most of the LIC plans are revised.

Below are the list of changes done in new Endowment Plan 814 compared to old Endowment Plan 14.
Endowment Assurance Plan (Table No. 14) New Endowment Plan (Table No.814)
Maturity Benefit Basic Sum Assured along with Vested Simple Reversionary Bonuses and  Final Additional Bonus, if Any. No Change
Death Benefit Sum Assured (SA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. ‘Sum  Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
The death benefit  as defined above shall not be less than 105% of total premiums* paid as on the date of death.



Age at entry 12 to 65 years 8 to 55 years
Age at Maturity Maximum  75 years Maximum  75 years
Policy Term 5 to 55 years 12 to 35 years
Premium mode Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS) Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured 50,000 and above 1,00,000 and above ( In multiples of 5000)
Rebate
  • 3% of tabular Premium for Yearly premium
  • 1.5% of tabular premium for Half-Yearly premium
  • 2% of tabular premium for Yearly premium
  • 1% of tabular premium for Half-Yearly premium
Loan
  • Available after payment of 3 full years premiums.
  • Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value  in case of Paid-up policies.
  • Foreclosure action shall be  initiated on default of 2 or more half-yearly  loan interest installments.
  • Available after payment of 3 full years premiums
  • The maximum amount of loan that can be granted as a percentage of Surrender Value shall  depend on the Policy Term,
  • Foreclosure action shall not be taken under fully paid-up and inforce  policies even if there is default of loan interest.
Guaranteed Surrender Value (GSV)
  • Available after payment of 3 full years premiums
  • GSV shall be equal to 30% of the total premiums paid less First Year Premium and  extra premium, if any.
  • Available after payment of 3 full years premiums.
  • GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for. Examples of GSV factors applicable for total  premiums paid
    Policy Year ~ GSV factor
             3   =   30%
             5   =   50%
           t -1  =   80% (t=Policy Term)



Main Changes
  • A  Policy may be revived within a period of 5 years from the date of first unpaid premium.
  • Taxes, if any , were borne by the Corporation.
  • A  Policy may be revived within a period of 2 years from the date of first unpaid premium.
  • Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
NO Changes in
  • Back Dating
  • Paid-up Value
  • Grace Period
  • Assignment/Nomination
  • Back Dating
  • Paid-up Value
  • Grace Period
  • Assignment/Nomination

Calculate Premium for Endowment plan

LIC launches New Single Premium Endowment Plan - Table No. 817

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LIC launches New Single Premium Endowment Plan - Table No. 817

Lic’s New single premium endowment plan (Table No 817)

About the plan:
  1. Single premium
  2. With profit endowment plan
  3. Minimum age at entry is 90 days
  4. Loan available after completion of one year
  5. Back dating is allowed
Maturity benefit:

  1. Sum assured
  2. Simple reversionary bonuses
  3. Final additional bonus, if any.

Death benefit:
After commencement of risk
Before commencement of risk#
Sum assured plus vested simple  reversionary bonuses and final additional bonus, if any. Return of single premium excluding taxes and extra premiums, if any.
# in case the age at entry of life assured is less than 8 years, risk will commence either 2 years from the doc or policy anniversary after completion of 8 years of age whichever is earlier,for others risk shall commence immediately.

Loan
  1. Available after completion of 1 policy year.
  2. Amount of loan will depend on year of policy and policy term
  3. The maximum loan shall be granted as a percentage of surrender value(sv).
Examples of loan as a percentage of surrender value are given below-
Policy year→
Term↓
2
3
6
9
12
13 and above
Upto15 yrs
55%
60%
80%
90%
90%
90%
16 to 20 yrs
40%
45%
60%
80%
90%
90%
21 yrs and above
30%
30%
45%
60%
80%
90%

Eligibility conditions and restrictions:
Particulars
Description
Age at entry 90 days (completed) to 65 years (nearest birthday)
age at maturity 18 to 75 years
Policy
term
10 to 25 years
Premium mode Single premium only


basic sum
assured
50000 and above ( in multiples of 5000)
– no upper limit

Surrender Value:
Higher of guaranteed surrender value or special value shall be payable.the policy can be surrendered at any time during the policy term.

Guaranteed surrender value(gsv):
1st year ~ 70% of single premium excluding taxes and extra premium, if any.
Thereafter ~ 90% of single premium excluding taxes and extra premium, if any.
plus surrender value of vested bonuses.

Special surrender value (ssv):
Discounted value of sum assured and vested simple reversionary bonuses

Why lic’s single premium endowment plan Table No 817
S~single premium -one time investment.
P~protection -risk cover#for full sum assured.
E~excellent for meeting educational needs of young ones.
C~children from the age of 90 days can be covered.
I~ideal for investment planning-wide range of policy term.
A~attractive - participates in profits.
L~liquidity through loan.

Single Premium Endowment Plan (Table No 817)

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Know more about LIC’s  New Single Premium Endowment Plan (Table No 817).

Single Premium Endowment Plan (Table No 817)

LIC JEEVAN SUGAM - Table No 813

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LICs JEEVAN SUGAM (Plan no 813) is a Single Premium plan from LIC. This plan is not yet launched by LIC officially. This is expected to come on 25th Feb 2013.

The basic features of JEEVAN SUGAM (Plan no 813) plan are:

  • Entry Age is from 8yrs to 45yrs
  • Single premium Plan
  • Insurance cover will be 10 times of the premium
  • Service tax 3.09% will be applicable on the single premium.
  • Loan will be available on this policy from day 1 @ 10.45% compounded half yearly.
  • Other conditions are yet to be declared.

LIC new plan Jeevan Sugam (Plan No 813)

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LIC is going to launch new plan on 25th Feb 2013 Jeevan Sugam (Table no 813).

Jeevan Sugam will help in Tax Benifit. its a single premium plan will likely to return 7.5% at lower ages. Jeevan Sugam (Plan no 813) is very much similar to Jeevan Vriddhi. it is launching on 25 feb for limited period.

What is great in this Jeevan Sugam

  • Premiums are very low
  • Attractive Yield
  • Insurance and Double Plus 
  • Tax free Maturity / Death Benefit 
  • Loyalty Additions at Maturity
  • Loan facility  
  • Surrender facility

THIS IS THE BEST GIFT 

  • to Grand Child by a Grand parent 
  • to a child by his Parent for Higher Edn
  • to a spouse by a Retiring Employee

Take LIC’s Jeevan Sugam TODAY for your Bright FUTURE

Click here To Know More about  Jeevan Sugam (Plan no 813)

LICs new plan Jeevan Sugam

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LIC is going to launch new plan Jeevan Sugam in this coming week.

Jeevan Sugam will help in Tax Benifit. its a single premium plan will likely to return 7.5% at lower ages. Jeevan Sugam is very much similar to Jeevan Vriddhi.
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