Creating Wealth through Small Investments: The Power of Mutual Funds

Learn how mutual funds can help you grow your wealth by investing small amounts over time. Discover the benefits of investing in mutual funds and practical tips to get started.

Mutual funds are a popular investment option for individuals looking to grow their wealth over time. With the ability to invest small amounts regularly, mutual funds offer a convenient and affordable way to achieve financial goals. In this blog post, we will explore the benefits of investing in mutual funds and provide practical tips for successful mutual fund investing.

What are mutual funds?

Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, and other securities. By investing in a mutual fund, investors gain exposure to a broader range of investments than they would be able to achieve on their own.

Benefits of investing in mutual funds:

- Diversification: By investing in a mutual fund, investors can gain exposure to a diverse range of securities, which can help to reduce risk.

- Professional management: Mutual funds are managed by professional fund managers who have expertise in selecting and managing investments.

- Affordability: Mutual funds offer a low-cost investment option, with many funds allowing investors to start with small initial investments and contribute regularly.

- Liquidity: Mutual funds are easily traded, providing investors with the ability to access their investments when needed.

How to invest in mutual funds:

1. Determine investment goals: Before investing in mutual funds, it is important to determine individual investment goals, such as retirement savings or a down payment on a home.

2. Research mutual funds: Conduct research on mutual funds that align with investment goals and risk tolerance.

3. Open a brokerage account: To invest in mutual funds, individuals need to open a brokerage account with a reputable firm.

4. Choose mutual funds: Select mutual funds based on investment goals, risk tolerance, and past performance.

5. Start small and invest regularly: Begin investing in mutual funds with a small initial investment and continue to invest regularly over time.

Choosing the right mutual funds:

- Determine investment goals and risk tolerance: Select mutual funds that align with investment goals and risk tolerance.

- Consider past performance: Review past performance of mutual funds to determine if they have a track record of consistent returns.

- Evaluate fees: Evaluate fees associated with mutual funds, including expense ratios and load fees.

Tips for successful mutual fund investing:

- Monitor performance: Regularly review the performance of mutual funds and make adjustments as needed.

- Keep a long-term perspective: Mutual fund investing is a long-term strategy, so it is important to maintain a long-term perspective.

- Stay diversified: To reduce risk, invest in a variety of mutual funds across different asset classes.

- Avoid timing the market: Attempting to time the market can lead to missed opportunities and reduced returns.

Conclusion:

Mutual funds offer a powerful tool for growing wealth through small investments. By investing in mutual funds, individuals can gain exposure to a diversified portfolio of securities and benefit from professional management. To achieve success with mutual fund investing, it is important to research funds carefully

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LIC New Plan Dhana Varsha | table no 866

 *New Plan DhanaVarsha -*

 *Plan No-866*

*Launching date 17th October*

*Close ended plan - Available upto 31st March 2023.*

*Single premium plan*

*Non linked and Non par plan*

*Two options to choose Death Cover*

*1.25 times of Tab premium*

 or

*10 times of Tab Premium*

*Term 10 and 15 yrs*

*Min age- 3yrs for15 yrs term and 8 yrs for 10 yrs term*

 

*Max age 60yrs Option 1 ,40 yrs for option 2(10 yr term)35 yrs for option for(15 yr term)*

*Min Basic SA 125000*

*Guarantee Addition ranging from Rs 25 /-per 1000 SA to Rs 75/- per 1000 SA*.( *Higher rates of guarantee Addition for Option 1*)

*नई योजना धनवर्षा -*

 *योजना संख्या-866*

*शुरू होने की तिथि 17 अक्टूबर*

*क्लोज एंडेड प्लान - 31 मार्च 2023 तक उपलब्ध।*

*सिंगल प्रीमियम प्लान*

*नॉन लिंक्ड और नॉन पार प्लान*

*मृत्यु कवर चुनने के लिए दो विकल्प*

*टैब प्रीमियम का 1.25 गुना*

 या

*टैब प्रीमियम का 10 गुना*

*अवधि 10 और 15 वर्ष*

*न्यूनतम आयु- 15 वर्ष की अवधि के लिए 3 वर्ष और 10 वर्ष की अवधि के लिए 8 वर्ष*

 

*अधिकतम आयु 60 वर्ष विकल्प 1, 40 वर्ष विकल्प 2 के लिए (10 वर्ष अवधि) 35 वर्ष विकल्प के लिए (15 वर्ष अवधि)*

*न्यूनतम बेसिक एसए 125000*

*गारंटी अतिरिक्त रु. 25/- प्रति 1000 एसए से लेकर रु. 75/- प्रति 1000 एसए*.( *विकल्प 1* के लिए गारंटी वृद्धि की उच्च दरें*)

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LIC's New Pension Plus - 867

LIC's New Pension Plus - 867 - Launching on 5th Sep 2022

Unit Linked Individual Pension Plan which helps to build corpus by systematic and disciplined savings which can be converted into Regular Income.

Regular Premium/Single Premium Available

Minimum Premium : 

Single : Rs.1 Lakhs

Yearly : Rs.30,000

Half Yly : Rs.16,000

Qly : Rs.9,000

Mly : Rs.3,000

Age :

Entry - Min.25 ; Max 75

Vesting - Min.35; Max. 85

Term - Min.10 ; Max. 42

Attractive Guaranteed Addition Available

6th Year

10th Year

Afterwards Every year

Maximum GA :

Regular Premium: 286%

Single Premium : 88%

Facility of Extending Vesting Date

4 Funds to Choose : Bond/Secured/Balanced/Growth

Discontinued Fund with Guaranteed Return (Min.4%)

Lock in Period : 5 Years

Partial Withdrawal

Settlement  Option

Reasonable Charges.

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LICs New Dhan Sanchay | Plan 865

 Attractive Dhan Sanchay (Plan 865) is getting launched Today. 

The product has all the features of market requirements.

🎯 With 💯 Guaranteed available for sale from Today

1️⃣ 💯% GUARANTEED INCOME BENEFIT

2️⃣ 💯% GUARANTEED TERMINAL BENEFIT

3️⃣ 💯% GUARANTEED MATURITY S.A. (special option)

4️⃣ SINGLE (1 pay) or LIMITED (5 pay/10 pay/15 pay) PREMIUM

5️⃣ 11 times RISK COVER. 4 options available.

🍏🍏 To understand the product, let us take the 10 Years Premium Paying Term (10 Pay).

💚 Assume that the customer is ready to pay 1 Lac Premium Every Year for 10 Years.

🎯 The customer will get ₹1,74,720/- every year from 15th Year onwards as Guaranteed Income Benefit for the next 10 years.

🎯 On 25th Year, the customer shall get ₹ 5,81,170/- as Guaranteed Terminal Benefit.

🎯 All the Above are 💯%  GUARANTEED RETURNS.

🎯 Premium  can be remitted in 5 /10/ 15 years (5 Pay / 10 Pay / 15 Pay). Maturity on 10 / 15th Year.

🎯 Minimum Single Premium 2 Lac.  Maturity on 5 / 10 / 15 Year

🎯 All optional Riders such as AB / ADDB / PWB / TR / CIR are available

More Benefits with Flexibility... 

एलआईसी का धन संचय (परियोजना संख्या: 865)

 💯प्रतिशत गारंटी के साथ कल से बिक्री के लिए...

 1️⃣ 💯% गारंटीकृत आय लाभ

 2️⃣ 💯% गारंटीड टर्मिनल लाभ

 3️⃣ 💯% गारंटीड मैच्योरिटी एस.ए.  (विशेष विकल्प)

 4️⃣ सिंगल (1 पे) या लिमिटेड (5 पे / 10 पे / 15 पे) प्रीमियम

 5️⃣ 11 गुना जोखिम कवर

 पॉलिसी को आसानी से समझने के लिए एक छोटा सा उदाहरण (10 पे मोड):

 💚 पहले 10 वर्षों के लिए प्रति व्यक्ति 1 लाख रुपए वार्षिक प्रीमियम का भुगतान करें...

 🎁 15वें वर्ष से अगले 10 वर्षों के लिए 1,74,720/- प्रति वर्ष का आय लाभ।

 25वें वर्ष के लिए टर्मिनल बेनिफिट के रूप में 5,81,170/- रुपये भी प्राप्त करें।

 ये सभी G% गारंटीड रिटर्न हैं।

 5/10/15 साल की प्रीमियम भुगतान सुविधा।

 10/15वें साल में मैच्योरिटी।

 सिंगल प्रीमियम कम से कम 2 लाख रु.  5/10/15 में परिपक्वता।

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LIC New Plan - Dhan Rekha

 New LIC Plan - Dhan Rekha

Guaranteed Bonus till 40 yrs , 50/55/60 per thousand.

Premium for half of the term, 10%/15%/20% SB after 5 yrs 

Full SA on maturity with GA

Higher commission for Agents, 35% for Agents for 15 yr term, higher rc 7.5%

A new Non Linked Money Back Plan with Increasing Guaranteed Additions and several never seen before features like Non Deduction of SB from Maturity, Higher Commission Rates in SB due years, wide range from 90 days to 55+ years, Lower premium on female lives, SP Option too. Loan after only two yrs' premium and many more benefits.

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LIC's SARAL JEEVAN BIMA

New Policy Launched w.e.f from 16/04/2021

Policy Name: LIC’s SARAL JEEVAN BIMA.

Policy Type: Standard Individual Term Life Insurance Policy

Policy Plan Number: 859.

Policy Term: 5 to 40yrs.

PPT: Single/Limited/Regular.

SA: 5Lakhs to 25Lakhs.

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BIMA JYOTI - PLAN 860

A UNIQUE LIMITED PREMIUM PAYING TERM PLAN

UNIQUE SELLING POINTS :

• Guaranteed Addition is the biggest advantage in the present scenario
• Many people want the limited premium option
• Good for savings plus security
• Good for education & marriage provision
• Loan and Surrender after two years
• PWB is the key rider
• Available with AB, EPDB, Term Rider, and Critical Illness Rider
• Good for package selling
• Settlement option

Launching on 22.02.21
➢ Non linked, Non participating, Limited premium payment, Individual plan
➢ Life insurance Savings plan.

1) Guaranteed Addition Rs.50/- per thousand Sum Assured throughout the policy term
2) Online , Offline, POSP available for sale
3) S.A. : Minimum SA = 1,00,000/- (Max No Limit) (multiple of 25000 )
4) Term. : 15 to 20 Years
5) PPT. : Policy Term LESS 5 years
6) Entry : 90 days to 60 years NBD
7) Maturity : 18 to 75 years

Death :
1) Before Commencement of Risk : ( in case of minor lives when risk is not begun)

Refund of Premiums
1) After DOC of Risk : Sum Assured + Guaranteed Addition
2) SA on Death is : Higher of 125% of BSA or 7 times of annualized Premium or Not 105% of Total Premium paid till date of death
( POSP : 90 Days waiting Period )

• Maturity : Basic Sum Assured + Guaranteed Addition .
• In case of Paid Up Policies : Guaranteed Addition will be paid till last premium paid
• Riders : DAB + EPDB (180 Days) , Term Rider ( max 25 Lacs) ,Critical Illness Rider, Critical Illness Rider : 15 critical illness (maximum 25 lacs over all )
• PWB : Available for minor lives up to age 17 years maximum
• Settlement Option (Maturity => 5,10,15 years as per existing provisions
• Settlement Option minimum instalment must be Rs.5000 Monthly, Rs.15000 Quarterly,Rs.25000 half yearly and Rs.50,000 yearly.
• MODE: YLY ,HLY, QLY, MLY, NACH, SSS
• DAB : 0.50 per thousand for others , Police personal = Rs. 1.00
• Rebate :
  • MODE REBATE : YLY- 2% , HLY-1%
  • SUM ASSURED REBATE :
    • SA : Up to 2.75 Lac = NIL
    • SA : 3.00 SA to 4.75 SA = Rs. 4.00 ( rebate on tabular premium )
    • SA : 5 Lac To 9.75 = Rs. 5.00
    • SA: 10 Lac and above = Rs. 6.00
  • Online Rebate on PPT
    • 10 to 14 years : 7.5 %
    • 15 years = 10

Surrender: after two years
Loan: after two years

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LIC's New Plan BIMA JYOTHI (Table No 860)

 BIMA JYOTHI

Table -860

Launching date: 22/02/2021

New Policy LAUNCHING....

LIC 's Bima Jyoti Plan ( Plan No: 860) Will be introduced with effect from 22/02/2021.

LIC Bima Jyoti is a Non-linked, Non-participating, Individual, Limited Premium Payment, Life Insurance savings Plan.

Guaranteed addition of Rs.50/- per thousand Basic Sum Assured at the end of each policy year throughout the policy term

➕Age at entry: 90 days -60 years

➕Term: 15 years - 20 years

➕PPT : Term- 5 years

➕Min Maturity term: 18 years

➕Max Maturity term: 75 years

➕Min Sum Assured: : 1,00,000

(In multiples of 25,000)

➕Max Sum Assured: No limit

➕ Maturity benefits:

Basis Sum Assured+ Rs 50/- GA for full term

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LIC Jeevan Akshay 7 Pension Plan (Table 857) | Jeevan Akshay VII

LIC Jeevan Akshay 7 Pension Plan (Table 857) Key Features

• Minimum Purchase Price – Rs 1,00,000
• Maximum Purchase Price – No Limit
• Annuity Payable Mode – Monthly, Quarterly, Half-yearly & Yearly
• Minimum Entry Age – 30 years
• Maximum Entry Age – 85 years
• Joint life cover – Available
• Minimum Annuity – Rs.1000 / month
• Maximum Annuity – No Limit
• Joint Life Cover – Allowed
• Mode of Purchase – Online & Offline

LIC Jeevan Akshay VII offers 10 different annuity options that are classified into five different categories.

1. Immediate Annuity for Life – Annuity is payable immediately to the policyholder and annuity payment period is lifetime up to survival of policyholder.
2. Immediate Annuity with guaranteed period and life – Annuity is payable up to a guaranteed period of 5 to 20 years and life thereafter. The annuity amount would be higher for the guaranteed period and reduces thereafter.
3. Immediate Annuity for life with return of Purchase price –Immediate annuity for a lifetime along with the return of premium payment.
4. Immediate Annuity for life increasing at 3% – Annuity for a lifetime with an increasing rate of 3% until the survival of policyholder.
5. Joint Life Immediate annuity – Joint-life option is available with provision to pay an annuity to the second annuitant with various options.

Pension benefit – Policyholder receive a pension as per the choice of the annuity. There are 10 options for the selection of annuity

Maturity benefit – No maturity benefit available

Surrender Benefit – Pension holders are eligible to surrender this pension plan after 3 months.

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LIC’s NIVESH PLUS | PLAN 849

LIC’s NIVESH PLUS PLAN DETAILS: This is a Single Premium, Non-Participating, Unit Linked Assurance Plan, which offers insurance-cum-investment. Proposer can choose the amount of premium one desires to pay. Each premium paid shall be subject to allocation charges. Upon completion of specified duration, Guaranteed additions as a percentage of Single Premium shall be added to the unit fund under in force policy.

Basic SA Options

• Option -1: 1.25 times of Single Premium
• Option -2: 10 times of Single Premium

DATE OF COMMENCEMENT OF RISK:
For age at entry less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.
For age at entry 8 years LBD or more: Risk will commence immediately.

DEATH BENEFIT:
Before Commencement of Risk: Fund Value
After Risk Commences : Basic SA Opted (less any Partial Withdrawals made during last 2 years) or Fund Value whichever is higher.

MATURITY BENEFIT: Fund Value
Fund Options: Bond Fund, Secured Fund, Balanced Fund & Growth Fund.

Features & Conditions:
Minimum age at entry : 90 days
Minimum Maturity age : 18 years lbd
Minimum Premium : 1,00,000 and in multiples of  10,000 thereafter.
Maximum Premium : No limit
Available Riders: LIC’s Linked Accident Benefit Rider.

Options:

• 1. Switching between any fund types.
• 2. Death Benefit in instalments for 5 years.
• 3. Partial Withdrawal from 6th year.
• 4. Increase/Decrease in Benefits not allowed
• 5. Accident Rider can be cancelled.
• 6. Top Up not allowed.
• 7. Alteration to other Plan not allowed.

Mode of Payment: Single only.
Rebates: Nil
Policy Loan: Not Available
Surrender/Paid up : Allowed After 5 years.
Compulsory Termination: If after 5 years from commencement balance in Unit Fund is not sufficient to recover the relevant charges, the policy will be compulsory terminated.
Revivals: NA
Suicide Clause: Within 12 months of DOC claim will be restricted to Fund Value.
Back Dating: Not Allowed.
Proposal Form: Separate form.
Tax Benefits : On Basic Premiums : u/s 80C
Maturity –
Option 1 : Taxable
Option 2 : u/s 10 (10D)
Death Claim both options: Tax Free

 

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SIIP Plus | Plan No 852

LICs New SIIP Plus | Plan No 852

This is a Regular Premium, Non-Participating, Unit Linked Assurance Plan, which offers insurance-cum-investment. Proposer can choose the amount of premium one desires to pay. Each premium paid shall be subject to allocation charges. Upon completion of specified duration, Guaranteed additions as a percentage of one Annualized Premium shall be added to the unit fund under in force policy.

DATE OF COMMENCEMENT OF RISK:
For age at entry less than 8 years LBD :
One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.
For age at entry 8 years LBD or more: Risk will commence immediately.

DEATH BENEFIT:
Before Commencement of Risk: Fund Value
After Risk Commences : Basic SA or 105% of Total Premiums Paid (less any Partial Withdrawals made during last 2 years) or Fund Value whichever is higher.
Basic SA = 10 times of annualized Premium for Age below 55 years and 7 times of Annualized premium for Age 55 years and above.

MATURITY BENEFIT: Fund Value + Refund of Mortality Charges (Excluding any extra premium and Taxes on Mortality Charges)
Fund Options: Bond Fund, Secured Fund, Balanced Fund & Growth Fund.

Features & Conditions:
Minimum age at entry : 90 days
Maximum age at entry : 65 years nbd
Minimum Maturity age : 18 years lbd
Maximum Maturity age : 85 years nbd
Policy term : 10 to 25 years
Minimum Premium :
Yly – ` 40,000, Hly- ` 22,000,
Qly- ` 12,000, Mly NACH – ` 4,000 and
in multiple of ` 250 for Mly NACH and
in multiple of ` 1,000 for other modes.
Maximum Premium : No limit
Available Riders: LIC’s Linked Accident Benefit Rider. Maximum ` 1 Crore under all plans.

Options:

• 1. Switching between any fund types.
• 2. Death Benefit in instalments for 5 years.
• 3. Partial Withdrawal from 6th year.
• 4. Increase/Decrease in Benefits not allowed
• 5. Accident Rider can be cancelled.
• 6. Top Up not allowed.
• 7. Alteration to other Plan not allowed.

Mode of Payment: Yearly, Half Yly, Qly & Mly NACH only.
Rebates: Nil
Grace Period: 15 days for monthly mode and 30 days for other modes.
Policy Loan: Not Available
Surrender/Paid up : Allowed After 5 years.
Compulsory Termination: If after payment of premium for full 5 years further Premiums are not Paid and balance in Unit Fund is not sufficient to recover the relevant charges, the policy will be compulsory terminated.
Revivals: Within 3 years of FUP.
Suicide Clause: Within 12 months of DOC or Revival claim will be restricted to Fund Value.
Back Dating: Not Allowed.
Proposal Form: Separate form.
Tax Benefits :

• On Basic Premiums : u/s 80C
• Maturity/Death claim : u/s 10(10D)

Maximum Entry Age – 65 Years (NBD)

Policy Term Maximum – 25 years

Max Maturity Age – 85 Years

Premium

• YLY:40000+X 1000
• HLY:22000+X 1000
• Qly: 12000+X 1000
• Mly:4000+X 250

Premium Allocation charges Offline 

• 1st Year: 8.00%
• 2nd to 5th: 5.50%
• Thereafter: 3.00%

Premium Allocation charges Online 

• 1st Year: 3%
• 2nd to 5th: 2%
• Thereafter: 1%

Mortality Charges: Calculated at Sum at Risk

Policy Administration Charges: No policy Administration charge

Switching Charges-  4 switches free, Rs.100 then

Fund Management charges

• 1.35% p.a of Unit Fund
• 0.50% p.a for discontinued policy fund

Bid-Offer spread –  NIL

Discontinuance charges –  5 years on wards :NIL

Partial Withdrawal charges: Rs.100/

Revival Period: 3 years

Partial Withdrawal: Subject to Balance of 3 Annualised Premium in Fund a certain percentage of fund may be surrendered

Guaranteed Additions: A percentage of Annualized Premium will be added to Unit Fund at the end of 6/10/15/20/25 years

Maturity Benefit: Unit Fund value+total amount of mortality charges deducted during policy term

Lock-in period: 5 Years

 

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LIC's JEEVAN UMANG | PLAN 945

This is a limited premium, non-linked, with profits Whole Life Plan. This plan provides for annual Survival Benefits from end of PPT till Maturity (Age of 100 years) or earlier death.

Features & Conditions of JEEVAN UMANG PLAN:

Min. age at entry : 90 days Completed

PPT & Max. age at entry :

PPT	15	20	25	30
Age NBD	55	so	45	40

Age at Maturity : 100 years NBD

Policy Term : 100 minus Age at Entry

Min. Age at end of PPT :30 years NBD

Max. Age at end of PPT :70 years NBD

Minimum S.A. : 2,00,000/- & in multiples of  25,000 thereafter .

Maximum S.A. : No limit

Available Riders:

1. ADDB Rider ( Upto Age 70) OR Accident Benefit Rider Upto PPT
2. Term Rider Upto 35 Yrs term OR Age 75 whichever is earlier
3. Critical Illness Rider Upto 35 Y rs term OR Age 75 whichever is earlier
4. PWB Rider – Up to Age 25 of Child

DATE OF COMMENCEMENT OF RISK:
For age at entry less tha n 8 yea rs LBD : One day before completion of 2 years from DOC or one day before Policy Anniversa ry after completion of age of 8 yea rs LBD, whichever is earlier.
For age at entry 8 years LBD or more: Risk will commence immediately.

DEATH BENEFIT:

Before Commencement of Risk: Refund of Premiums paid Excluding GST & Extra

After Commencement of risk :Sum Assured on Death + Vested Bonus + FAB if any.

Death Benefit in Installments for 5/10/15 years: Option can be exercised by life assured for full or part death benefits.

SURVIVAL BENEFIT: 8% of Basic SA – From end of PPT till Maturity or earlier death.

MATURITY BENEFIT: Basic SA + Vested Bonus (During & After PPT) + FAB if any.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH)

Rebates: 

Mode Rebate: Yearly : 2%, Half Yly : 1%

High Basic S.A. Rebate

• Upto 4.75 lacs   :  Nil
• 5 lacs to 9.75 lacs  :  1.25 % 0f Basic SA
• 10 lacs to 24.75 lacs : 1.75 % 0f Basic SA
• 25 lacs & Above :  2.00 % 0f Basic SA

Grace Period: 15 days for mly mode and 30 days for other modes.

Claim Concessions:  Available under Base Plan only. Not apply to Riders and Suicides.

Paid Up/ Surrender/Policy Loan: After payment of premium of 2 full yea rs. Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300,340 or 360

Tax Benefits:

• On Premium   : u/s 80C
• SB/Maturity/Death  claim: u/s  10(10D)

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LIC's JEEVAN LABH PLAN | Table No 936

This is a limited premium, non-linked,with profits Endowment Plan.

Features & Conditions of JEEVAN LABH PLAN:

Minimum age at entry :8 years   lbd

Policy Term, PPT and Max. age at entry:

Term	PPT	Max Entry Age
16 years	10 years	59  nbd
21 years	15 years	54  nbd
25 years	16 years	50  nbd

Maximum Maturity Age: 75 yea rs nbd

Minimum S.A. : 2,00,000/- & in multiples of  10,000 thereafter.

Maximum S.A. : No limit

Available Riders: ADDB/AB Rider,   Term    Rider,   Critical illness Rider and PWB Rider up to age 25 of  child.

Mode of Payment: Yearly,Half Y ly,Qly &  Mly (SSS & NACH)

Mode Rebate:Yearly : 2%, Half Yly : 1%

High Basic S.A. Rebate:

• Upto 4.90 lacs  : Nil
• 5 lacs to 9.90 lacs    :  1.25 %0 Basic SA
• 10 lacs to 14.90 lacs :  1.50 %0 Basic SA
• 15 lacs & Above       :  1.75 %0 Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.

Revivals:Within 5 years of FUP. Back Dating:

Allowed with lean Month’s benefits.

Proposal Form:   300, 340 or  360

Tax Benefits :

• On Premium : u/s 80C
• Maturity/Death claim  :u/s  10( 10D)

DEATH BENEFIT: Sum Assured on Death + Vested Bonus + FAB if any.

MATURITY BENEFIT:  Basic Sum Assur ed + Vested Bonus + FAB if any.

 

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LIC's JEEVAN TARUN | PLAN 934

This is non-linked, with profits, limited premium plan for children education needs.

Features & Conditions JEEVAN TARUN PLAN:

Minimum age at entry : 90 days

Maximum age at entry : 12 years Ibd

Age at maturity : 25 years Ibd

Policy term: 25-Age at Entry

Premium Paying term: 20 – Age at Entry

Minimum S.A. : Rs. 75,000/-&  in multiples of Rs. 5,000 up to Rs. 1,00,000 thereafter in multiples of 10,000.

Maximum S.A.  : No limit

Available Riders: Premium Waiver Benefit Rider.

DATE OF COMMENCEMENT OF RISK:

For entry age less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.

For entry age 8 years LBD or more: Risk will commence immediately.

Before Commencement of Risk: Refund of Premiums paid Excluding GST.

After Commencement of Risk: Sum Assured on Death + Vested Bonus + FAB if any.

SURVIVAL AND MATURITY BENEFIT OPTIONS: To be chosen at proposal stage.

Option	Survival Benefit from Age 20 to 24	Maturity Benefit at Age 25
1	No Survival Benefit	100% of S.A.
2	5% of S.A. every year for 5 years	75% of S.A.
3	10% of S.A. every year for 5 years	50% of S.A.
4	15% of S.A. every year for 5 years	25% of S.A.

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders & Death due to Suicide.

Paid up/ Surrender/Policy Loan: After payment of 2 full years premium.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits.

Proposal Form: 360 along with Addendum for option & 300 if opted for PWB Rider.

Tax Benefits :

• On Basic Premiums                 : u/s 80C
• SB/Maturity/Death claim : u/s 10(10D)

Underwriting Rules:
Actual Sum Assured (ASA) for SUC:
For NM, Juvenile FMR, Special Reports, MHR & TRSA:
1.25 times of Basic S.A. only.

Non -Medical:

• Age 0-9 Ibd : SUC-40 lakhs
• Age 10 -12 Ibd : SUC-15 lakhs.

Age Proofs: Only Standard age proofs Allowed.

Sub standard Minor lives: Proposals with BMI beyond standard range will be decided at ZUS/CUS
with MM’s recommendation.

Grand Parents as Proposer: Allowed without PWB with consent of parents.

Matching Insurance:
On lives of parents and Siblings is insisted.
Same is not required:
Up to 10 lakhs TRSA – If PWB is not opted.
Up to 25 Lakhs TRSA – If PWB is opted.

Rating up Factor for Residence Extra:
Outstanding Policy Term:

• Up to 6 years : 6.5625
• 10 years: 2.1875
• 15 years: 1.6875
• 20 years: 1.50
• 25 years: 1.4375

NRIs & FNIOs Residence Group:

• Group 1 to III : Not Allowed.
• Group IV : Allowed with extra.
• Group V : Allowed without extra.
• Mail order : Only NRIs of Group V

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LIC's JEEVAN LAKSHYA | PLAN 933

This is a limited premium, non-linked, with profits Endowment Plan. Premiums are payable for 3 years less than policy term.

Features & Conditions JEEVAN LAKSHYA PLAN:

Minimum age at entry : 18 years Ibd

Maximum age at entry : 50 years nbd

Maximum maturity age : 65 years nbd

Policy Term : 13 to 25 years.

Premium Paying Term🙁 Policy Term -3)Yrs

Minimum S.A.   : Rs. 1,00,000/- & in multiples of Rs. 10,000 thereafter.

Maximum S.A.  : No limit

SUM ASSURED ON DEATH: Income Benefit (10% of basic SA Payable from Policy anniversary after death till Policy anniversary before maturity) + 110% of Basic SA Payable on Maturity.

DEATH BENEFIT: SA on Death + Bonus for full term + FAB, if any, Payable on Maturity.

MATURITY BENEFIT: Basic Sum Assured + Vested Bonus + FAB if any.

Available Riders: ADDB/AB Rider, Term Rider & Critical Illness Rider.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearlv : 2%, Half Yly :1%

High Basic S.A. Rebate:

• Upto 1,90,000: Nil
• 200000 to 4,90,000 : 2 % of Basic SA
• 500000/-& above :3% of Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300 or 340

Tax Benefits :

• On Basic Premium : u/s 80C
• Maturity/Death claim :u/sl0(10D)

Underwriting Rules: Without Term or Cl Rider:

Actual Sum Assured (ASA) for SUC:

For FMR, Special Reports, MHR & TRSA: Basic S.A. only.

Non -Medical Schemes: All Allowed.

Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Major Students:

• Max rated up S.A. inclusive of all plans Rs. 2 crore.
• S.A. beyond Rs. 2 crore at ZUS/CUS with MM’s recommendation. Standard Age Proof is Must

Sub-Standard Major lives:

• Up to EMR Class Ten only.
• Physically Handicapped lives should be gainfully employed.

With Term or Cl Rider: Underwriting Rules of Term or Cl Rider will apply.

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LIC's NEW CHILDREN MONEY BACK PLAN | TABLE No 932

This is non-linked, with profits, regular premium Money Back Plan for children.

Features & Conditions NEW CHILDREN MONEY BACK PLAN 932:

Minimum age at entry : 0 years Ibd

Maximum age at entry : 12 years Ibd

Age at maturity : 25 years Ibd

Policy term: 25-Age at Entry

Premium Paying term: 25-Age at Entry

Minimum S.A. : Rs. 1,00,000/-& in multiples of Rs. 10,000 thereafter.

Maximum S.A. : No limit

DATE OF COMMENCEMENT OF RISK:

• For entry age less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.
• For entry age 8 years LBD or more: Risk will commence immediately.

DEATH BENEFIT:

• Before Commencement of Risk: Refund of Premiums paid Excluding GST.
• After Commencement of Risk: Sum Assured on Death + Vested Bonus + FAB if any.

SURVIVAL BENEFIT: 20% of Basic SA is payable on policy anniversary after completion of age 18, 20 and 22 years. Policy holder has option to take survival benefits at any time after it is due or along with Maturity. Option is to be exercised 6 months before due date. Accumulation will be at simple interest rate of 5.40%.

MATURITY BENEFIT: 40% of Basic SA + Vested Bonus + FAB if any.

Available Riders: Premium Waiver Benefit Rider.

Maturity/Death Claim in Installments for 5/10/15 years for Full or Part of Maturity/Death Claim Amount: Option to be exercised – 3 months before Maturity and for Death Claim during lifetime by Life Assured.

Mode of Payment: Yearly, Half Yly, Qly & Mly ( SSS & NACH) Rebates:

Mode Rebate: Yearly : 2%, Half Yly :1%

High Basic S.A. Rebate:

• Upto 1,90,000 : Nil
• 200000 to 4,90,000 : 2 % of Basic SA
• 500000/-& above : 3 % of Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders & Death due to Suicide.

Paid up/Surrender/Policy Loan: After Premiums paid for 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits.

Proposal Form: 360 & 300 for Proposer if opted for PWB Rider

Tax Benefits :

• On Basic Premiums : u/s 80C
• SB/Maturity/Death claim : u/s 10(10D)

Underwriting Rules:
Actual Sum Assured (ASA) for SUC:
For NM, Juvenile FMR, Special Reports, MHR & TRSA:
Basic S.A. only.

Non -Medical:
Age 0 – 9 Ibd : 40 lakhs.
Age 10 -12 Ibd : 15 lakhs.

Age Proofs:
Only Standard age proofs Allowed.

Sub standard Minor lives:
Proposals with BMI beyond standard range will be decided at
ZUS/CUS with MM’s recommendation.

Matching Insurance:On lives of parents and Siblings is to be insisted.
Same is not required:
Up to 10 lakhs S.A – If PWB is not opted.
Up to 25 lakhs S.A – If PWB is opted.

Grand Parents as Proposer: Allowed without PWB with consent of parents.

NRIs & FNIOs Residence Group:

• Group I to III : Not Allowed.
• Group IV : Allowed with extra.
• Group V : Allowed without extra.
• Mail order : Only NRIs of Group V

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LIC's NEW MONEY BACK PLAN - 20 YEARS | PLAN 920

This is a limited payment, non-linked, with profits Money Back Plan

Features & Conditions NEW MONEY BACK PLAN – 20 YEARS

Minimum age at entry – 13 years Ibd

Maximum age at entry – 50 years nbd

Max. age at maturity – 70 years nbd

Policy term – 20 years

Premium Paying term – 15 years

Minimum S.A. – Rs. 1,00,000/- & in multiples of Rs. 5,000 thereafter.

Maximum S.A. – No limit

DEATH BENEFIT: 125% of Basic Sum Assured on Death + Vested Bonus + FAB if any.

SURVIVAL BENEFIT: 20% of Basic SA is payable after 5^th, 10^th and 15^th year.

MATURITY BENEFIT: 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Available Riders: ADDB/AB Rider, Term Rider & Critical illness Rider.

Mode of Payment: Yearly,Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearly : 2%, Half Yly: 1 %

High Basic S.A. Rebate:

• Upto 1,95,000   : Nil
• 200000 to 4,95,000 : Rs. 2 % of Basic SA
• 500000/- & above : Rs. 3 % of Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: After Premiums paid for 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300, 340 or 360

Tax Benefits : On Basic Premiums : u/s 80C SB/Maturity/Death claim : u/s 10(10D)

Underwriting Rules: Without Term or CI Rider

Actual Sum Assured (ASA) for SUC: For FMR, Special Reports, MHR & TRSA: 1.25 times of Basic S.A.

Non -Medical Schemes: All Allowed.

Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Minor lives/Maior Students:

• Max TRSA inclusive of all plans Rs. 2crore & Standard Minor lives
• only. TRSA beyond Rs. 2crore/substandard minor lives at CUS
• only with MM’s recommendation. Standard Age Proof is must.

Sub-Standard Maior lives:

• Up to EMR Class Ten only.
• Physically Handicapped lives should be gainfully employed.

Occupation/Residence Extra: 1.50 times of Standard extra.
If Occupation extra is charged CIR/ADDB/AB
Rider will not be allowed.

Keyman/Partnership/Empl-Employee: Allowed only under Employer-Employee

NRIs & FNIOs Residence Group:

• Group 1 & II : Not Allowed.
• Group III & IV : Allowed with extra.
• Group V : Allowed without extra.
• House wives & Juvenile Lives: Group IV & V only.
• NMS : Group V only.
• Mailorder : Only NRIs of Group V.

With Term or Cl Rider: Underwriting Rules of Term or Cl Rider will be applicable.

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LICs SINGLE PREMIUM ENDOWMENT | PLAN 917

This is a single premium, non-linked, with profits Endowment Plan

Features & Conditions of SINGLE PREMIUM ENDOWMENT PLAN

Minimum age at entry  :90 days lbd

Maximum age at entry : 65 years nbd

Min. age at maturity    : 18 years lbd

Max. age at maturity   : 75 years nbd

Minimum term : 10 years

Maximum term : 25 years

Minimum S.A.  :    50,000/- & in multiples  of  5,000  thereafter.

Maximum S.A.  :   No limit

Available Riders: ADDB and Term Rider for full Policy Term.

Mode of  Payment:    Single Premium Rebates:

High S.A. Rebate

• Upto 95,000 : Nii
• 1,00,000  to 1,95,000 : 18 %0 SA
• 2,00,000  to 2,95,000  : 25 %0 SA
• 3,00,000/- & above : 30 %0 SA Policy

Loan :After one policy year.

Surrender:

• First Year: 75% of SP.
• 2nd Year  Onwards:  90% of  SP  + SV  of bonus

Commencement of Risk Cover for age at Entry:

• Less than 8 years nbd: 2 years after DOC or from policy anniversary coinciding with or immediately following attainment of 8 years of age, whichever is earlier.
• 8 years nbd and above: Immediate.

DEATH BENEFIT:

• Before commencement of risk: Return of SP excluding GST & Extra.
• After commencement of risk: SA on death + Vested Bonus + FAB if a

MATURITY BENEFIT: Basic SA + Vested Bonus + FAB if any.

Back Dating: Allowed without lean months benefit . Interest will be charged for exact no. of days from DOC to date of payment.

Proposal Form: 300, 340 or 360. Income

Tax Benefits :

• On Basic Prem : u/s 80C up to 10% of SA
• Maturity : Taxable
• Death  Claim   :u/s 10(10D)

Underwriting Rules: Without Term Rider

Actual Sum Assured (ASA) for SUC: For FMR, Special Reports, MHR & TRSA: Basic S.A. less Single Premium paid.

Non-Medical Schemes: All Allowed, incl. Exclusive Single Premium NM Scheme.

Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Minor lives/Major Students: Max TRSA inclusive of all plans Rs. 2 crore & Standard Minor lives only. TRSA beyond Rs. 2 crore /substandard minor lives at CUS only with MM’s recommendation. Standard Age Proof is must.

Third Gender: Standard Age proof is must. Proposal will be decided at CO NB&R Department.

Sub-Standard Major lives:

• Up to EMR Class Ten only.
• Physically Handicapped lives should be gainfully employed.

Occupation/Residence Extra:

Rating up factor for Standard Extra:

10 years : 7.75,  15 years : 10.15

20 years : 11.95,  25 years : 13.30

If Occupation Extra is charged ADDB Rider will not be allowed.

Keyman/Partnership/Employer-Employee: Allowed only under Employer-Employee

NRIs & FNIOs Residence Group:

Term up to 15 years: All Groups allowed without Extra for Max S.A. as applicable to each group.

Term above 15 years:

• Group I & II : Not Allowed.
• Group III to IV : Allowed with extra.
• Group V : Allowed without extra.
• Juvenile lives & House wives : Group IV & V only.

NMS & Exclusive SP Non-Medical Scheme: Group V only. Mailorder : Only NRIs of Group V.

With Term Rider: Underwriting Rules of Term Rider will be applicable

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LIC's NEW BIMA BACHAT | PLAN 916

This is a single premium, non-linked, with profits Money Back type Plan

Features & Conditions of NEW BIMA BACHAT PLAN

Minimum age at entry : 15 years Ibd Maximum age at entry : 50 years nbd

Policy Term – 9, 12 and 15 Years

Term	Max Age at Maturity nbd	Min Sum Assured
9 years	59 years	Rs.35,000
12 years	62 years	Rs.50,000
15 years	65 years	Rs.70,000

Maximum S.A. : No limit

SA in multiples of Rs. 5,000 only.

Available Riders: ADDB and Term Rider for full Policy Term.

Mode of Payment: Single Premium

High S.A. Rebate (As % of Tabular Premium)

Term 9 years:

• Up to Rs. 70,000 : Nil
• Rs. 75,000 to Rs. 1,45,000 : 6%
• Rs. 1,50,000 & above : 8%

Term 12 years:

• Up to Rs. 95,000 : Nil
• Rs. 1,00,000 to Rs. 1,95,000 : 4%
• Rs. 2,00,000 & above  : 6%

Term 15 years:

• Up to Rs.  45,000  :  Nil
• Rs. 1,50,000 to Rs. 2,95,000 : 3%
• Rs. 3,00,000 & above   : 5%

DEATH BENEFIT:

• During 1^st five years policy years : SA on Death
• From 6^th year onwards : SA on Death + Loyalty Addition, if any.

SURVIVAL BENEFIT:

• For Policy Term of 9 years : 15% of SA, after 3^rd & 6^th policy year.
• For Policy Term of 12 years: 15% of SA, after 3^rd,6^th & 9^th policy year.
• For Policy Term of 15 years: 15% of SA, after 3^rd ,6^th,9^th & 12^th policy year.

MATURITY BENEFIT: Single Premium Paid + Loyalty Additions, if any.

Policy Loan: Only after one policy year.

Surrender: First Year: 75% of SP. 2^nd Year Onwards: 90% of SP less SB Paid.

Back Dating: Allowed without lean months benefit. Interest will be charged for exact no. of days from DOC to date of payment.

Proposal Form: 300, 340 or 360

Tax Benefits :

• On Basic Premium : u/s 80C up to 10% of SA Maturity : Taxable
• Death Claim : u/s 10(10D)

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LIC's NEW JEEVAN ANAND | PLAN 915

This is a combination of Endowment and Whole life plan. Regular Premiums are payable for selected term only.

Features & Conditions of NEW JEEVAN ANAND PLAN:

Minimum age at entry : 18 years (Last Birth Day)

Maximum age at entry : 50 years (Near Birth Day)

Max. age at maturity : 75 years (Near Birth Day)

Minimum term :  15 years

Maximum term  :  35 years

Minimum S.A. : Rs. 1,00,000/- &  in multiples of Rs. 5,000 thereafter.

Maximum S.A.   : No limit

Available Riders: ADDB/AB Rider, Term Rider & Critical Illness Rider.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearly: 2%, Half Yly : 1 %

High Basic S.A. Rebate:

• Upto 1.95 Lakhs : Nil
• 2 Lakhs to 4.95 Lakhs : 1.50 % of Basic SA
• 5 Lakhs to 9.95 Lakhs: 2.50 % of Basic SA
• 10 Lakhs & Above : 3.00 % of Basic SA

DEATH BENEFIT:

During Policy Term (i.e. Premium Paving Term): 1.25 times of  Basic Sum Assured on Death + Vested Bonus + FAB if any.

Death after expiry of Policy Term (i.e. Premium Paving Term): Basic Sum Assured only.

MATURITY BENEFIT: At the end of Policy Term (i.e. Premium Paving Term): Basic Sum Assured + Vested Bonus + FAB if any.

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits.

Proposal Form: 300 or 340

Tax Benefits :

• On Premium : u/s 80C
• Maturity/Death claim : u/s 10(10D)

Underwriting Rules: Without Term & Cl Rider

Actual Sum Assured (ASA) for SUC

For FMR, Special Reports, MHR & TRSA: 1.25 times of Basic S.A

Non -Medical Schemes: All Allowed. Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Major Students: Max TRSA inclusive of all plans Rs. 2 crore. TRSA beyond Rs. 2 crore at CUS only with MM’s recommendation. Standard Age Proof is must.

Sub-Standard Major lives: Up to EMR Class Ten only.

Physically Handicapped lives should be gainfully employed.

Occupation/Residence Extra: 1.25 times of Standard extra. If Occupation Extra is charged CIR/ADDB/AB Rider will not be allowed.

Keyman/Partnership/Employer-Employee: Allowed only under Employer-Employee

NRIs & FNIOs Residence Group:

• Group I & II : Not Allowed.
• Group III & IV : Allowed with extra.
• House Wives: Allowed without extra. : Group IV & V only.
• NMS : Group V only.
• Mail Order : Only NRIs of Group V.

With Term & Cl Rider: Underwriting Rules of Term Rider will be Applicable.

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