Maturity Benefit Chart of Jeevan Saral Plan no 165

MATURITY BENEFIT OF JEEVAN SARAL PLAN NO. 165 CHART :

Term	250	400	500	750	1000	1500
1	0	0	0	0	0	0
2	0	0	0	0	0	0
3	5122	8195	10244	15366	20488	30732
4	8199	13118	16398	24597	32796	49194
5	11815	18904	23630	35445	47260	70890
6	14698	23516	29395	44093	58790	88185
7	17703	28324	35405	53108	70810	106215
8	20835	33336	41670	62505	83340	125010
9	24118	38588	48235	72353	96470	144705
10	53227	85162	106452	159679	212904	319356
11	62526	100041	125051	187577	250101	375152
12	72683	116293	145366	218049	290733	436099
13	84085	134536	168170	252255	336340	504510
14	96820	154912	193640	290460	387280	580920
15	111099	177759	222198	333298	444397	666595
16	125842	201347	251683	377525	503366	755050
17	141986	227176	283970	425956	567940	851910
18	159705	255528	319410	479115	638819	958229
19	179095	286552	358190	537285	716380	1074570
20	200370	320592	400740	601110	801480	1202220
21	223646	357833	447291	670938	894583	1341874
22	249179	398687	498358	747537	996716	1495074
23	277110	443375	554219	831329	1108438	1662657
24	307749	492398	615497	923247	1230995	1846492
25	341275	546040	682551	1023826	1365101	2047652
26	378058	604892	756115	1134172	1512229	2268344
27	418315	669304	836630	1254944	1673259	2509889
28	462488	739980	924976	1387463	1849951	2774927
29	510947	817515	1021894	1532841	2043788	3065682
30	564128	902604	1128256	1692384	2256511	3384767
31	622281	995649	1244562	1866843	2489123	3733685
32	686265	1098023	1372529	2058794	2745059	4117588
33	756293	1210068	1512585	2268878	3025170	4537756
34	833233	1333173	1666466	2499699	3332932	4999399
35	917775	1468441	1835551	2753326	3671102	5506652

Term	2000	3000	4000	5000	6000
1	0	0	0	0	0
2	0	0	0	0	0
3	40976	61464	81952	102440	122928
4	65592	98388	131184	163980	196776
5	94520	141780	189040	236300	283560
6	117580	176370	235160	293950	352740
7	141620	212430	283240	354050	424860
8	166680	250020	333360	416700	500040
9	192940	289410	385880	482350	578820
10	425808	638712	851616	1064520	1277424
11	500203	750304	1000406	1250507	1500608
12	581465	872198	1162930	1453663	1744395
13	672680	1009019	1345359	1681699	2018039
14	774560	1161839	1549119	1936399	2323679
15	888794	1333190	1777587	2221984	2666381
16	1006733	1510099	2013466	2516832	3020199
17	1135880	1703820	2271760	2839700	3407640
18	1277638	1916457	2555276	3194095	3832915
19	1432760	2149140	2865520	3581900	4298280
20	1602960	2404440	3205920	4007400	4808880
21	1789166	2683749	3578332	4472915	5367498
22	1993433	2990149	3986865	4983581	5980298
23	2216876	3325314	4433752	5542190	6650628
24	2461989	3692984	4923979	6154974	7385968
25	2730202	4095304	5460405	6825506	8190607
26	3024459	4536688	6048917	7561147	9073376
27	3346518	5019778	6693037	8366296	10039555
28	3699902	5549853	7399805	9249756	11099707
29	4087577	6131365	8175153	10218941	12262730
30	4513022	6769533	9026044	11282555	13539067
31	4978246	7467370	9956493	12445616	14934739
32	5490117	8235176	10980234	13725293	16470351
33	6050341	9075511	12100682	15125852	18151022
34	6665865	9998797	13331730	16664662	19997595
35	7342203	11013305	14684407	18355508	2202661

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LIC Wealth plus (ULIP) Policy

LIC Wealth plus (ULIP) Policy

Lic Wealth Plus . LIC has launched a Unit Linked plan called Wealth plus plan. LIC's Wealth Plus is a unit linked insurance plan

LIC Wealth Plus plan which is a close ended plan will be introduced on 9th Feb, 2010. Silent features of this plan (Plan No. 801) are as follows:-

LIC's Wealth Plus is a unit linked insurance plan that safeguards investment from market fluctuations, so that investments are protected

1. Unit Linked Plan with Policy Term of 8 years.

2. Free Insurance Cover for 2 years after maturity.

3. Amount payable on maturity will be based on highest NAV in the 1St 7 years or the NAV at the end of 8 years whichever is higher.

4. Accident benefit upto 50 lacs is available.

5. Mode of payment - Single or for 3 years. For 3 ears premium paying term, premium can be paid Monthly, ECS, Quarterly, Half Yearly or Yearly.

6. Min. premium Rs. 2000/- p.m. for monthly (ECS) mode. Rs. 20,000/- p.a. for 3 year term & Rs. 40,000/- for single premium. Maximum premium - NO limit.

7. Min. Age of 10 years & Max. 65 years.

8. Min. Sum Assured - 5 times the annualized premium & 1.25 times Single premium.

9. No top up is allowed.

10. Partial withdrawl is allowed twice in a policy year after premium paying term.

“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”

LIC’s Wealth Plus is a unit linked plan that safeguards your investment from market fluctuations, so that your investments are protected in financially volatile times. This plan offers payment of Fund Value at the end of policy term, based on highest Net Asset Value (NAV) over the first 7 years of the policy, or the NAV as applicable at the end of the policy term, whichever is higher. NAV of the fund will be subject to a minimum of Rs. 10/-. The policy term is 8 years with an extended life cover for 2 years after the completion of policy term. This plan will be available for sale for a limited period.

You can pay the premium either in a single lump sum or for 3 years. You can choose the level of cover within the limits, which will depend on your age whether the policy is a Single premium or Limited premium contract and on the level of premium you agree to pay.

Premiums paid after allocation charge will purchase units of the Fund. The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).

Payment of Premiums: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the 3 years premium paying term. Alternatively, a Single premium can be paid.

Guaranteed NAV: In this product there is a guarantee of the highest NAV recorded on a daily basis, in the first 7 years of the policy, subject to a minimum of Rs. 10. This means the payment at the end of the policy term will be based on highest Net Asset Value (NAV) recorded over the first 7 years of the policy, or the NAV as applicable on the end of the policy term, whichever is higher. The guarantee will be applicable only for payment made at the end of the policy term irrespective of any partial withdrawals made during the policy term. The period of 7 years starts from the date of commencement of policy.

Eligibility Conditions and Other Restrictions:

(a) Minimum Age at entry - 10 (age last birthday)

(b) Maximum Age at entry - 65 years (age nearer birthday)

(c) Policy Term - 8 years

(d) Extended Life Cover - 2 years after the completion of policy term

(e) Minimum Premium:

3 years Premium Paying policies - Rs. [20,000] p.a.

(Other than monthly (ECS) mode)

Monthly (ECS) mode - Rs. [2,000] p.m.

Single premium policies - Rs. [40,000] p.a.

(f) Sum Assured under the Basic Plan -

Minimum Sum Assured:

3 years Premium Paying Term: 5 times the annualized premium

Single Premium: 1.25 times the single premium.

Maximum Sum assured:

3 years Premium Paying Term:

10 times the annualized premium if age at entry is upto 50 years

5 times the annualized premium if age at entry is 51 years and above

Single Premium:

5 times the Single premium if age at entry is upto 40 years.

2.5 times the Single premium if age at entry is 41 to 50 years.

1.25 times the Single premium if age at entry is 51 years and above.

Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it will be rounded off to the next multiple of Rs. 5,000. Annualized Premiums shall be payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS), the premium shall in multiples of Rs. 500/-.

Other Features:

i) Partial Withdrawals: Youmay encash the units partially after the third policy anniversary subject to the following:

In case of minors, partial withdrawals shall be allowed from the policy anniversary coinciding with or next following the date on which the life assured attains majority (i.e. on or after 18th birthday).

Partial withdrawals will be allowed twice in a policy year.

Partial withdrawals may be in the form of fixed amount or in the form of fixed number of units subject to a minimum amount of Rs. 2000/-.

Under 3 years Premium Paying Term policies where less than 3 years’ premiums have been paid and further premiums are not paid, the partial withdrawals shall not be allowed.

Under 3 years Premium Paying Term policies where all the’ premiums have been paid, partial withdrawal will be allowed subject to Policyholder’s Fund Value being at least one annualized premium

Under Single Premium policies, the partial withdrawal will be allowed subject to a minimum balance of 25% of the single premium in the Policyholder’s Fund Value.

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PENSION PLUS plan table No. 803 with guaranteed return

LIC New pension plus with minimum guarantee unit linked deferred pension plan

LIC has launched new PENSION PLUS plan table No. 803 with guaranteed return of 4.5%. On the occasion of its 54th anniversary, the Life Insurance Corporation of India on Friday launched a new scheme – LIC pension plus.The plan is without risk cover

This is basically a ULIP plan that gives you guarantee of minimum return. This plan is ideal for those who do not want to take risk but still want the investment benefits.

Minimum premium is Rs.15000 per year or 30,000 one time.

Min. Term 10 yrs

Min. age to start pension is 40 years.

The allocated premium will be utilized to purchase units as per the selected fund type. The Policyholder’s Fund Value will be subject to deduction of charges. Units will be allotted and cancelled based on the Net Asset Value (NAV) of the respective fund applicable to the date of allotment / cancellation. There is no Bid-Offer spread (both the Bid price and Offer price of units will be equal to the NAV). The NAV will be computed on daily basis and will be based on the investment performance, Fund Management Charges (FMC) and whether fund is expanding or contracting under each fund type.

There are 2 funds available depending upon investment pattern are as follows

1) Debt Fund: – It is a low risk fund with no investment in equity shares.

2) Mixed Fund: – It is a low to medium risk fund with investment in equity shares is between 15% to 35%.

Features of PENSION PLUS plan table No. 803 :

1) Guaranteed Maturity Proceeds: - If all due premiums are paid till maturity, a guaranteed interest shall accrue on the gross premium, including Top-up premium if any, at the end of each financial year. The guaranteed interest rate shall be 50 basis points above the average of the reverse repo rate prevailing as on the last working day of June, September, December and March of the preceding year. However, the guaranteed interest rate shall be Subject to a maximum of 6% and a minimum of 3%. This guaranteed interest rate is not applicable to a Discontinued policy.

2) The minimum guaranteed rate of 4.5% p.a. is applicable to all premiums received up to 31st March, 2011,

including any Top-up premiums paid.

3) Benefit on Vesting: - BID Value of units held in the policyholder’s unit account would be invested in Immediate Annuity. Investment can be either with LIC or with any other Insurance Company.

4) Death Benefit: - BID Value of Units as at the date settlement / Booking liability whichever is earlier is given to Nominee.

5) Conversion to annuity: The benefit amount, payable in case of surrender or on discontinuance of premium or on vesting, shall compulsorily be utilized to provide an annuity. However proposer can commute 1/3rd of the Maturity Proceeds.

6) TOP-UP facility is available.

7) Switching:- Switching to any Fund type is allowed. Within a given policy year 2 Switches will be free of charge i.e. after every policy Anniversary first 2 Switches are free. Switches more than 2 allowed subject to deduction of Rs.100/- per switch from the 3rd Switchover.

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