More than Just Lines on a Map: Best Practices for U.S Bike Routes
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1. MONEY BACK PLANS ENDOWMENT PLANS
WHOLE LIFE PLANS
WOMEN’S PLAN PENSION PLANS
SINGLE PREMIUM PLANS
JOINT LIFE PLANS
PLAN FOR HIGH WORTH INDIVIDUALS
TERM ASSURANCE PLANS
UNIT LINKED PLANS
CHILDREN PLANS
COMPARISION OF THE POLICIES TO OTHER COMPANIES
2.
3. MIN AGE - 18 YEARS MAX AGE - 45 YEARS.
MIN S.A. - 50,000 =
MAX S.A. - ACCORDING TO INCOME.
BONUS WILL PAYABLE.
NO LOAN UNDER THIS PLAN
25% SURVIVAL BENEFITS WILL BE PAY ABLE LAST 4 YEARS OF
MATURITY.
BEST PLAN FOR CHILDREN ‘ S EDUCTION .
THIS IS THE COMBINTION OF PLAN JEEVAN MITRA S MONY BACK
PLAN.
POLICY TREM 18 TO 25 YEARS .
MAX MATURITY AGE - 65 YEARS.
7. Only plan of its kind in
India,
fulfills the maxim
“Zindagi ke
saath bi, zindagi ke baad
bhi”.
Perfect blend of
Endowment &
Whole Life Insurance
Guaranteed Sum Assured plus
Bonuses at Maturity, Free
policy
equal to sum assured after
maturity.
Flexible premium paying
term : 5
to 57 years (subject to
maximum
8. WHOLE - LIFE PLAN
WHOLE LIFE PLAN - WITH PROFIT
JEEVAN TARANG - WITH PROFIT
9. This plan is mainly devised to
create an estate for the heirs of the
policyholder as it provides for
payment of sum assured plus
bonuses on the death of the
policyholder.
Considering the increased longevity of people, LIC has amended the
above provision, thereby providing for payment in the form of
maturity claim on completion of age 80 years or on expiry of term of
40 years from date of commencement whichever is later.
This policy is suitable for people of all ages who wish to protect their
families from financial crises that may occur owing to the
policyholder’s premature death.
Bonus is higher than endowment and money back plans.
Choice of Plan 2 – Premium throughout
life** ; Plan 5 – Choice of limited premium
payment terms and Plan 8 : Single Premium
Payment
10. WHOLE LIFE POLICY PLAN-2 WITH
PROFITMINIMUN AGE AT ENTRY : 15 YEARS MIN SUM ASSURED : RS. 30,000/-
MAX AGE AT ENTRY : 60 YEARS MAX SUM ASSURED : ANY AMOUNT
MAX MATURITY AGE : 80 YEARS S.A. IN MULTIPLES OF : RS. 250/-
ACCDIENT BENEFIT : YEARS MODES ALLOWED : ALL
PREMIUM PAYING TERM : ON ATTAINMENT OF AGE 80 OR 40 YEARS, WHICH
EVER IS LATER .
BENEFITS :
MATURITY BENEFIT : ON ATTAINMENT OF AGE 80 YEARS OR 40 YEARS OF
POLICY FROM DOC WICHEVER IS LATER BASIC SUM ASSURED + ACCURED BONUS IS
GIVEN.
DEATH BENEFIT :
ON DEATH BASIC SUM ASSURED + BONUS IS GIVEN.
ACCIDENTAL BENEFIT IS AVAILABLE UNDER THIS PLAN.
LOAN IS AVAILABLE UNDER THIS PLAN .
SUITABILITY :
LOW PREMIUM PROVIDES HIGH RISK COVER & FINANCIAL SECURITY OF FAMILY.
BONUS RATE IS HIGHER THAN OTHER PLANS.
RISK IS COVERED THROUGHOUT THE LIFE OF POLICYHOLDER.
11. On death of the life assured during the term of cover under the rider,an
amount equal to the term assurance sum assured will be payable.
This benefit is available on payment of small additional premium.
Eligibility
Minimum & maximum age at entry – 18 years & 50 years.
Maximum age at -60 years.
Minimum sum assured for the term rider –Rs.1,00,000
Minimum sum assured of main plan on which term rider is given
Rs.1,00,000.
Maximum sum assured for term rider. An amount equal to the basic sum
assured subject to a maximum Rs. 25 lakhs over all limit on term riders on
all plans.
10 to 35 years under single regular premium policies.
5 to 35 years under single policies
Or15,20&25 years under limited premium paying term policies.
Term
12. This rider shall be allow only if age at maturity under the main
policy is less than or equal to 60 years. The policy term and
premium paying term of the rider should match with the policy
term and premium paying term under the main policy.
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13. BENEFIT
Death cover-
Sum assured + vested bonus + final additional bonus, if any,
is payable in a lump sum on death of the life assured during
the policy term.
Maturity benefit -
40% of sum assured + bonus + final additional bonus,if any,
is payable in a lump sum survival to the end of the policy
term.
20. Jeevan Nidhi (Table No. 169Jeevan Nidhi (Table No. 169)
A with-profits Deferred Annuity (Pension) plan.
On survival at the end of the policy term, accumulated amount (i.e.
SumAssured +Guaranteed Additions + Bonuses) is used to generate a
pension (annuity). `
`
The plan also provides a risk cover during the deferment period. Nominee
has
option to avail lump sum payment or purchase annuity.
`
The USP of the plan being the pension can commence at 40 years.
Rebate allowed up to Rs. 10,000/- under section 80(CCC) of Income Tax
Act,
1961.
Five different options for annuity.
21.
22. MONEY BACK PLANS
ENDOWMENT PLANS
WHOLE LIFE PLANS
WOMEN’S PLAN
PENSION PLANS
UNIT LINKED PLANS
CHILDREN PLANS
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