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    © All Rights Reserved
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    7 views27 pages

    All Plan Leaflet

    Uploaded by

    ajitkumar6227958

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 27
    ‘Nor-linked, with-Profits, Regular Premium payment Moneyback Plan. Provides risk caver on the life of child during the policy term & number of survival benefits to meet the various financial needs af children. Life coverto the extent of Sum Assured-+ Bonus + Final Additional Bonus (if any). For Ife assured below 8 years age - life cover will start, on completion of 2 palicy years ‘OR B years of age - whichever is early. Maturity Benefit: 40% of Summ Assured + Bonus + Final Additional Bonus {if any). ‘Survival Benefit: A amount equial to 20% of SA will be pat on each policy anniversary on ‘completion of 18, 20 & 22 years of age. Loan available any time after 2 policy years. Optional Benefit: LIC’s Premium Waiver Benefit Rider is available as on optional rider an the lite of proposer aged between ages 18 ta 5S years by payment of additional premium. in ‘case of death of the propaser, the premiums under the basic plan falling due after the date of death shall be waived, Opttion to backdate the poligy can be back dated within the same financial year, Sample Illustration for Child whose age is 6 years old Ga, Ge 6 7 8 9 10 11 12 13 14 15 16 47 18 19 20 21 22 23 24 25 SS ee AGE POU YAR 4234567 8 9 40 ii 12 13 14 45 16 17 48 19 20 [ioe Co ee aaah) Err cae AAC a Guaranteed Regular Money Back for your Different financial Goals ‘Maturity Benefits: # 40% of the basic Sum Assured along + vested Simple Reversionary Bonuses * Final Additional Bonus, if any. ‘Death Benefits: © Sum Assured on death along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. * The Death benefit as defined above shall not be less than 10.586 of total premiums paid as.on the date of death. ‘Survival Benefits: * On Life assuired surviving to the end of the specified durations 15% of the Basic Sum Assured at the end of Sth, 10th, 15th & 20th policy year. ‘Optional Benefits: # Accidental Death & Disability Benefit Rider. # Loan facility is Available under this plan after the policy acquires patd-up value, rr PRET ec ieee Tied In case of death nominee will get SUM ASSURED + VESTED BONUS + FINAL ADDITION BONUS (if any) FVec 30 31/32 33/34 35 36/37 38 39/40 41/42/43) 44/45/46 47 48 4950151 52153 54 Py EIST RET ET ET ee eTETEry ETETET ETE ot a7 You will get 15% t } You will get 40% of of Sum Assured 4 SUM ASSURED. + VESTED BONUSES + FINAL ADDITION BONUS ‘Yearly Premium for 10,0,000 Sam Assured Eligibility Criteria rr tens Sted) Exclusive endowment insurance plan specially designed for FEMALE lives without any medical test. Maturity Benefit: = Sum Assured on Maturity + Loyalty Addition, if any. Death Benefit: = Sum Assured on Death + Loyalty Additions, if any. Key Features: = Female only Plan. = Noninked regular premium Plan. = Low Premium Plan. = Auto Cover Facility = Paid premiums are exempted from income tax under 80C. = Maturity amount is tax free under 10 (10D). Sample Illustration for age 30 and term 20 On Maturity you will get SUM ASSURED + LOYALTY BONUS (iF Applicable) UY Prue) Ey SE ACCA Tea ug A Peaceful Retire Life Guaranteed ONE TIME INVESTMENT PAY JUST ONE TIME | Single Premium Annuity Pian OPTIONS TO CHOOSE: 1. IMMEDIATE ANNUITY JM2, DEFERRED ANNUITY Annuity Rates ate guaranteed at the inception of the policy. 10 Options for 2 Options for Deferred Annuity: Immediate Annulty. 1.Single Life 2.Joint Life Cr et ee hd Per ead For immediate Annuity Except ea) et tes ae coe eee et Ca Perea ene ‘Guorenteed Addition Every Month for Deferment Pariod, ‘Close Relatives as Join! Annvitants (Means ; Grond Parents/ Parents/ Children/ Grand ‘Children ar Spouse or Siblings.) \Loan Facility Surrender Valus from 3 Months of Completion (Wilhoul insisting for Medical Cerlifcte) Death Benefits- 3 Payment Option: 1. Lumpsum 2. Annuitization {Annuitization is the process of converting an annuity investments inte @ series of periodic income poyments, Annuihes may be onnuihited far a specific period of for the life of the annuitan!} ts INCOME TAX BENEFIT FOR PREMIUM PAYMENT. PS OL Maan ee CRC eels Se SINGLE LIFE AGE: 50 YEARS, PURCHASE AO LACS PURCHASE pnice-t AOLAcS DEFERMENT PERIOD | ANNUITY | RATES, “DEFERMENT Pt ANNUITY | mares, 3 Yeors vi.000/. | vies | 3 Year w7s00r | 879% | [728.200 | 10 Wore 120,0007-| 126 | \: go Years 64m | 192,200/ / [anaes RETIRE FROM WORK, aN BUT NOT FROM naam TIc's New Jeevan Nidhi fe Covers Death during first five policy year Provided the policy isin full force, Basic Sum Assured + Accrued Guaranteed Addition id as lampsum or in form of an annuity or partly in iumpsum & balance in form of jo the nomince/ Iegal heir at then prevailing immediate annuity rates, frst five policy yi Provided the policy isin full free, Basic Sum Assured 4 Accrued Guaranteed Addition, Vested Reversionary Bonuses + Final Additional Bonus, if any, shall be paidas lumpsum or in form of an annuity oF partly in fumpsum & balance in form of an annuity to the nominee legal heir at then prevailing immediate annuity rates Provided the policy isin full force, an amount equal to the Basic Sum Assured along + ‘Acciued Guaranteed Addition + Vested simple Reversionary Bonuses + Final Additional Bonus, if any shall be made available to the tife Assured. Options available to poliey helder on vesting: se an immediate Annuity: The Life Assured shall havea choice to commute the amount available on vesting to the extent allowed under income Tax Act. The entire amount available on vesting or the balance ‘amount after commulation, as the case may be, shall be utilized to purchase immidiate an- ‘ity at then prevailing annuity rates. Commutation shall only be allowed provided the bal ance amount is sufficient to purchase a minimum amount of annuity as per the provisions of section 4 of Insurance Act, 2938, Incase the total benefit amount is insufficient to purchase the minimum amount of an- nity, then the said amount shall be paid a8 3 lumpsum to the Life Assured, “The Annuity shall only be purchased from ife Insurance Corporation of india. oR 2. To purchase a new single premium deffered pension product from LI Under this option the entire proceeds available on vesting, surrender shall be utilized to purchase a new single premium detfered pension product provided the policy holder satis fies the eligibility criteria for purchasing single premium deffered pension product. ‘The Life Assured will have to intimate his/her intention en to go for particular option ailable on the date of vesting atleast six months prior ta the date-of vesting or at the time of surrendet Sample Iilustation for a 35 year old person for term 20 years een sof Ink Purchase immediate Annuity mi SATUS Asse RSLS ui ceca coo otal eat Pore rei cearat Say ” cy LIC Beara i Cancer Regular Premium plan which offers fixed benefit in case of any specified stages of cancer during policy term. orTiON Level Sum Insured BPE ETL B ane SR @ Deus Ean BLS nF unchanged throughout the policy term. Increasing Sum Insured PORN ge ete ee OLS ast a OPTION Sum Insured each year for first five years starting from the first policy anniversary or : ) until the diagnosis of the first event of Taos etd Benefit Illustration Scenario 1 nh stage cancer Scenario 2: Advanced stage of cancer Eligibility Conditions inion [Maxim Taare rows ese Policy Term owes bows Cover Cossing ge [Sayre Pes ‘ascsum Assured [9s 10,00,000, pssa.00.000 SECURE YOUR CHILD'S FUTURE Life Cover to the extent of 125% of Sum Assured + Bonus + Final Additional Bonus (as applicable) Maturity Benefit: ~ Sum Assured [or balance SA, if SB is chosen) + Bonus + Final Additional Bonus as applicable, will be paid on completion of 25 years of age. ¥ Premium Waiver option available which ensures that the planned benefits will be paid to the child even in your absence. ¥ Loan available any time after 2 policy years (after | years in case Premium paying term: is less than 10 years.) ¥ Option to backdate policy. Survival Benefit: ¥ Option to take 5%, 10% or 15% of sum assured as survival benefit every year from 20 to 24 years of Child's age. Tax Benefits: ¥ Save Income Tax on premiums paid under BOC. ¥ Maturity amounts free from tax as per section 10D. Optional Benefit: ¥ LIC’s Premium Waiver Benefit Rider on the life of proposer may be opted for by payment of additional premium, AFT oer me en) nag 5 Lacs Sum Assured Policy ses CUCU eels Cel Ll) tears DPDDIIIIIIIIDIIIIIIID DDD en: Dg ee pve sp Seah iy Poca n ern | A Se edna’ eet rd 5 years & Maturity benefit Srerey Neca cet] Limited Premium Endowment Short term payment plan to take care of your long term savings & protection needs Maturity Benefit: Sum Assured + Vested Bonus + Final Additional Bonus, Death Benefits: ‘+ "Sum Assured an Death" + Vested Bonuses + Final Additional Bonus. + "Sum Assured an Death" = Higher of 10 Times of annualised Premium or 125% of the Basic Sum Assured. Optional Benefits: + LIC Accidental Death & Disability Benefit Rider. + LIC’s New Term Assurance Rider. Loan available after payment of premiums for at least 2 full years, re rms & 9 premium paying term for age 35, “SUM ASSURED ON DEATH™ * “SUM ASSURED ON DEATH" VESTED BONUSES ‘The Higher of 10 Times eos BONUS: srruciend provaure payable incase ofdeath | Bosie Sum Assured. 39 A oat ee eats ead ical Pee cr cen Mode aT ead Get Additional Valve Equivalent of Policy (Lifetime Risk Cover) FAEE even after your Policy Maturity ‘Maturity Benefits: * Basic Sum Assured along + Vested Simple Reversianary Bonuses + Fino! additional Bonuses. Deoth Benefits: * During the policy term : Sum Assured on Death + Vested Simple Reverstonary Bonuses + Final Additional Bonuses, if any. (Summ Assured on Death= Higher of 125% of Basic Sum Assured oF 10 times of ‘onnuatized premium) Death Benefit shail not be fess than 105% of total premiums poid as on dete of death, * After the policy term : Basic Sum Assured. ‘Optional Benefits: ‘ Accidental Death & Disability Benefit Rider by payment of additional premium, = Loon Avoilabie after payment of 3 full yeors premiums. OnMaturity you willget SUM ASSURED + VESTED BONUS + FINAL ADDITION BONUS as applicable Risk Cover equivalent to Final Additional Bonuses, if any will be added in this se ‘Option to period thereby further enhancing || *# "enue yourtte cover” || aye Ngee 2nd maturity ‘amount. Sample premium rates for diferent age ‘groups for sum assured 5 Lacs for term 21 years without rider premium or service tax. Age Yearly Premium 20 %25,284/- 25 %25,847/- 30 %25,607/- 35 %25,611/- IPerfeet Combination ee aos Pye uee Maturity Benefit: Sum Assured + Bonus + Final Additional Bonus (if any). Death Benetits: Sum Assured + Bonus ¢ Final Additioanal Bonus (if any) shall be payable. Optional Benefits: ‘© LIC Accidental Death & Disability Benefit Rider. ‘= L¢’s New Term Assurance Rider. Loan Facility is available after payment of premiums for at least 3 full years. Sample Illustrations for a 35 year old person ( “SUM ASSURED ON DEATH™ 7 “SUM ASSURED ON DEATH” ‘VESTED BONUSES = The Higher of 10 Times xX FINAL ADDITION BONUS: ‘onnuatsed premium: eS fas applicable) or, ms Ce |__ payable ease of death Basic Sum Assured. LIMITED PERIOD ONLY FINAL ADDITION BONUS (as eppbenbio) Eligibility & Other Conditions ‘Yearly Premium for 2 Lacs Sum Assured Cc 5 17.760. 35 V7852- | =m 3 al Premium| ery Sealed dele ice ¥ Valuable Financial Protection Noclaim benefit. in case of Hospitalization, ¥ Incresasing health cover every year. Surgery etc. Flexible benefit limit to v Lumpsum Benefit irrespective "choose from. of actual medical costs, ¥ Flexible premium payment options. eer) ete Seen, Cae Minimum age atenty [Maximum age atentry | ‘Sei Spouse: 1B years 65 years (last birthday) Parents | Parentsin-iaw 1Byears 75 years (lat birhday) Chikren ‘Stays ‘Tryears (estbirhaay) vis y NOT JEEVAN LAKSHYA .. Get Guaranteed Financial Protection for your loves one. The plan offers annual income benefit which can be beneficial to the family in case of the death of the policyholder before the maturity of the plan. A lumpsum amount is also made available at the end of the maturity periods, regardless of the ‘survival of the policyholder. Maturity Benefit: Provided all the premiums have been paid in full and the policyholder has survival till the end of the policy term, the maturity benefit includes Sum Assured on Maturity + Vested Simple Reversionary Benefits + Final Additonal Bonus, if any. The Sum Assured on Maturity is the same as the Basic Sum Assured Death Benefit: Sum Assured on Death + Simple Reversionary Benefits + Final Additional Bonus, (if any) shall be payable. Tax Benefit: * Save income tax on premiums paid under 80C. * Maturity amounts is free from tax as per section 10D. Policy Term of 21 years Yearly Premium payable for 18 years ls fete ee eg ee will be paid from Eee wa 6th to 20th policy Meer na) Pet ig De acid rans o ci ee eres SED auzad Eligibility Criteria Pega eee PLAN WITH ASSURED MAA

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