- A life insurance policy is a contract with an insurance company where the policyholder pays premiums in exchange for a death benefit paid to beneficiaries when the insured passes away. - The document discusses different life insurance plans like Jeevan Tarun for children and Jeevan Lakshya for adults. It provides details on eligibility, premiums, sum assured, policy terms, and benefits of each plan. - LIC is the largest life insurance company in India, with over 29 crore policies and a market share of 74.71%. It aims to provide financial security and welfare to policyholders.

2. Life Insurance:-
• A life insurance policy is a contract with an insurance company.
• In exchange for premium payments, the insurance company provides a lump-sum
payment, known as a death benefit, to beneficiaries upon the insured's death.

4. • Financial Protection for spouse and children's,
if something unfortunate happens to you
• Liquidity.
• Tax relief under section 80 C.
• Tax free return.
• Money when you need it – child’s education
and marriage.
• Source of income during old age.
Why Life Insurance:-

5. Why Childs Insurance Plan
•Saving cum investment plan designed to
meet your child's future dreams and
aspirations.
•Parent Responsibilities :-
Primary Education.
Higher Education.
Shop Investment.
Marriage Expenses.
Extra spends.

7. Table No.- 934 # UIN: 512N299V02

8. • Minimum Entry Age : 90 days
• Maximum Entry Age : 12 years
• Maturity Age : 25 Years Age
• Policy Term : 25 years – Age at Entry
(example : 25 – 3 = 22)
• Premium Paying Term : 20 years – Age of Entry
(example : 20 – 3 = 17)
• Sum Assured : 75,000 – No limit.
• Policy Mode : Yearly, Half-Yearly,
Quarterly
and Monthly ( NACH mode )
Jeevan Tarun
• Rebate of Mode of Premium :
• yearly – 2%
• Half-yearly – 1%
• Quarterly and Monthly - Nil
• High Sum Assured Rebate :
• 75,000 – 1,90,000 -> Nil
• 200000 - 4,90,000 -> 2% on
B.S.A
• 5,00,000 & above -> 3% on
B.S.A.
• Loan : After payment of Premium of
at least 3 full years.
• Surrender : Allowed after 3 years
• Revival : Within 5 years of lapse.

9. Options Premium
(yearly)
Premium
(monthly)
Daily Total
premium
paid
From 20 -24 year
of age
At 25 Year of
Age
Total
1 25,560 2,178 70 4,35,083 0 11,03,000
11,03,000
2 26,258 2,237 72 4,46,964 25,000 Each year 9,78,000 11,03,000
3 26,981 2,299 74 4,59,270 50,000 Each year 8,53,000
11,03,000
4 27,678 2,358 76 4,71,135 75,000 Each year 7,28,000
11,03,000
 Maturity which will be available
from 20 to 25 year age of child.
 Jeevan Tarun plan allows to plan
children education and marriage
needs from 20 to 25 year age.
Child Age 3 years
Father (proposer) Age 33 years
Sum Assured Rs. 5,00,000
Policy Term 23 (25-3) years
Premium Paying Year : 17 (20-3) years

10. Table No.- 933 # UIN: 512N297V02

11. • Minimum Entry Age : 18 years
• Maximum Entry Age : 50 years
• Maturity Age : 65 Years Age
• Policy Term : 13 - 25 years
• Premium Paying Term : Policy term – 3 years
(example : 20 – 3 =17)
• Sum Assured : 1,00,00 – No limit.
• Policy Mode : Yearly, Half-Yearly,
Quarterly and
Monthly ( NACH )
Jeevan Lakshya
• Rebate of Mode of Premium :
• yearly – 2%
• Half-yearly – 1%
• Quarterly and Monthly - Nil
• High Sum Assured Rebate :
• 75,000 – 1,90,000 -> Nil
• 200000 - 4,90,000 -> 2% on
B.S.A
• 5,00,000 & above -> 3% on
B.S.A.
• Loan : After payment of Premium of
at least 3 full years.
• Surrender : Allowed after 3 years
• Revival : Within 5 years of lapse.

12. Proposer age 30 years
Sum Assured Rs. 5,00,000
Policy Term 25 years
Premium Paying
Year :
22 years
DAB Rider Rs. 5,00,000
Term Rider Rs. 5,00,000
Mode Premium
Yearly 22917
Half yearly 11836
Quarterly 5852
Monthly 1951
Save 63 rupees per day
Total premium paid Maturity amount
5,04,679 13,37,500
Jeevan Lakshya

13. Risk coverage at age of 34
Natural Risk Cover
Term Rider SA Immediate
Payment
5,00,000
10% of SA every year
50,000 * 21 years
10,50,000
On Maturity 110% of SA 5,50,000
Bonus 6,12,500
FAB 2,25,000
Total 29,37,000
Accidental Risk Cover
Accidental Benefit 5,00,000
Term Rider SA Immediate
Payment
5,00,000
10% of SA every year
50,000 * 21 years
10,50,000
On Maturity 110% of SA 5,50,000
Bonus 6,12,500
FAB 2,25,000
Total 34,37,000

14. • Owned by the Government of India.
• Established in 1st September, 1956
(Completed successful 63 years)
• One of the worlds largest insurance
company.
• Has 29 crores+ policy holders.
• Market share : 74.71%
• Golden Jubilee Foundation : 15,916 students
benefit (Amount 112.3 crores)
योगक्षेमं वहाम्यहम्
Your welfare is our responsibility
Claim settlements 2018-19
• Total claim settled : 259.54 lacs
• Amount paid : Rs. 1,63,104.50 crs
• %maturity claims paid : 92.95%
• % of death claim paid : 98.27%
LIC has the largest assets(Rs. 31,11,847.28 crores) in insurances sector in the world

15. योगक्षेमं वहाम्यहम्
Your welfare is our responsibility

17. Thanks for Watching
Hoping a long association with
LIC
To Your Child
for a
Bright and Secured Future
योगक्षेमं वहाम्यहम ्
Your welfare is our responsibility