LIC's Specific Plans for Children

Plans for Children:

a) Children Deferred Endowment Assurance (Table no. 41 & 50).

b) Komal Jeevan (Table No. 159).

c) Jeevan Kishore (Table No. 102).

d) Jeevan Chhaya (Table No. 103).

e) Jeevan Anurag (Table No. 168).

f) Child Future Plan (Table No. 184).

g) Child Career Plan (Table No. 185).

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Term Assurance Plans of LIC

Term Assurance Plans:

a) Temporary Assurance (Table No. 43):
It is a term assurance plan which provides risk cover for a short period of two years or less.

b) Mortgage redemption Assurance (Table No. 52):
Decreasing term assurance policy to meet the requirements of borrowers, where the death benefit is the outstanding loan amount.

c) Convertible Term Assurance (Table No. 58):
It is a term assurance plan with an option to convert the policy to whole life limited payment assurance or endowment assurance at any time during the specified term, without undergoing fresh medical examination.

d) LIC’s Anmol Jeevan – 1 (Table No. 164):
A term assurance plan where one can choose any term from 5 to 25 years. It provides for payment of the sum assured on death of the life assured during the term of the policy.

e) LIC’s Amulya Jeevan – 1 (Table No. 190):
A term assurance plan with a minimum sum assured of Rs 25 lakhs.

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LIC is best in claims settlement during 2010-11

Life Insurance Corporation of India (LIC) still remains the benchmark when it comes to settling death claims.

CLAIMS REPORT
	2009-10 **			2010-11***
	Claims repudiated	Claims settled	Claims pending	Claims repudiated	Claims settled	Claims pending
LIC	1.21	96.53	1.41	1.09	97.50	1.47
ICICI Prudential	3.27	90.17	6.56	2.80	94.40	2.60
HDFC Life	4.67	91.14	4.20	3.97	96.03	0.61
Aviva Life	9.75	87.11	3.14	4.10	87.11*	3.14*
Birla Sun Life	10.62	89.09	5.82	4.99	94.66	0.35
India First Life	7.69	53.85	38.46	9.40	90.58	0.03
Max New York Life	12.31	65.51	7.14	14.85	78.01	7.14
SBI Life	14.75	83.27	1.96	16.74	82.24	1.03
IDBI Federal Life	23.81	49.52	26.67	21.00	65.00	14.00
* Close to year ago figures; ** Irda Figures; *** Unaudited figures

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JEEVAN AROGYA Premium chart and brochure

Health has been a major concern on everybody’s mind, including yours. In these days of skyrocketing medical expenses, when a family member is ill, it is a traumatic time for the rest of the family. As a caring person, you do not want to let any unfortunate incident to affect your plans for you and your family. So why let any medical emergencies shatter your peace of mind.

LIC has launched LIC’s Jeevan Arogya, a unique non-linked Health Insurance plan which provides health insurance cover against certain specified health risks and provides you with timely support in case of medical emergencies and helps you and your family remain financially independent in difficult times.

Very easy to choose your plan

Step 1: Choose the level of Health cover you need:
You can choose the amount of Initial Daily Benefit (i.e. the daily Hospital Cash Benefit applicable in the first year of the policy) as per your need from out of the following choices:
` 1000 per day ` 2000 per day ` 3000 per day ` 4000 per day

This is the amount that will be payable to you in the event of hospitalisation in the first year on a per day basis. The Major Surgical Benefit that you will be covered for will be 100 times the Initial Daily Benefit you have chosen. Thus the initial Major Surgical Benefit Sum Assured will be ` 1 lakh, 2 lakh, 3 lakh, 4 lakh respectively. Other benefits such as Day Care Procedure Benefit, Other Surgical Benefit and Premium waiver Benefit (PWB) mentioned below shall also be payable depending upon the daily Hospital Cash Benefit chosen.

Step 2: Work out the premium payable along with our representative
Your premium will depend on your age, gender, the Health cover option you have chosen, whether you are Principal Insured or other insured life and the mode of payment.

Tables below give an indicative annual premium, payable yearly, for an Initial Daily Benefit of ` 1000 per day, for some of the ages in respect of various lives that can be covered under a single policy:

PRINCIPAL INSURED (Male)
Age at entry - Premium
20 - 1922.65
30 - 2242.90
40 - 2799.70
50 - 3768.00

SPOUSE (Female) / PARENT (of PI/Spouse) (Female)
Age at entry - Premium
20 - 1393.15
30 - 1730.65
40 - 2240.60
50 - 2849.10

CHILD
Age at entry - Premium
0 - 792.00
5 - 794.75
10 - 812.35
15 - 870.75

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Eligibility Conditions for Jeevan Arogya | Plan no 903

Eligibility Conditions for Jeevan Arogya

Feature	Principal Insured (PI)/Insured Spouse	Parents & Parents-in-law	Insured Children
Minimum Entry Age	18 Yrs LBD	18 Yrs LBD	3 Months(Completed)
Minimum Entry Age	65 Yrs LBD	75 Yrs LBD	17 Yrs LBD
Max Cover ceasing age	80 Yrs	80 yrs	25 yrs
Date of cover expiry in respect of each Insured covered under the plan	Policy anniversary on which the Insured life attains Maximum cover ceasing age
Nominations Assignments	Allowed Not Allowed
Mode of Premium Grace Period Revival Period	Yearly, Half Yearly and Monthly(ECS Only) 30 days for Yearly , Half Yearly mode and 15 days for Monthly Mode 2 Years from due date of FUP

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