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Jeevan Umang
Jeevan Umang
Proposer 30
Jeevan Umang
Introduction
Life is unpredictable. To help you take control of your life, you need insurance.
Which brings us to the most common dilemma you face what to choose.
That’s why there is Life Insurance Corporation. The biggest life insurance
company in India, with a network of over 13 lakh agents and 2048 branches
all over India. With the highest claim settlement record in the world and a
customer base of over 30 crore policy holders, LIC brings with it a world of
experience. LIC Offers you customized insurance products that suit your
specific needs, and helps you plan for a secure future.
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA' Phone 9347275063 No 20
STREET#6, HABSIGUDA, HYDERABAD Email harikrishna_m@hotmail.com Date 23/09/2021
- 500007
Bimamitra Bimamitra Jeevan Umang
Bimamitra Bimamitra Unique Identification No. 512N312V02
T
his Plan is a whole life plan which provides continuous income after the chosen period
(Accumulation Period). The accumulation period can be chosen from 15, 20, 25 and 30
Bimamitra Bimamitra years. One year after accumulation period, 8% of the sum assured will be paid every year
Table No. till the life assured survives or till policy anniversary prior to the maturity, whichever is earlier.
945
Bimamitra Bimamitra This plan will be useful for people who are looking at a regular income (Pension) after certain
age.
Bimamitra Bimamitra
Released on
Bimamitra Bimamitra
Survival 8% of the Sum assured will be paid every year after accumulation period till the life assured survives
Bimamitra Bimamitra or till policy anniversary prior to the maturity, whichever is earlier.
Benefits
Where Sum Assured on Death is defined as the highest of 7 times of annualised premium or
Bimamitra Bimamitra Sum Assured on Maturity or Basic Sum Assured.
Death benefit shall not be less than 105% of all the premiums paid as on date of death.
Maturity
Bimamitra Bimamitra Sum Assured on Maturity along with Vested Bonus and Final Additional Bonus, if any, shall be
payable. Sum Assured on Maturity is equal to Basic Sum Assured.
Benefits
Bimamitra Bimamitra
Min. age at entry 90 days (completed) *
Bimamitra Bimamitra
Criteria Max. age at entry 55 yrs (NBD) for PPT = 15, 50 yrs (NBD) for PPT = 20,
45 yrs (NBD) for PPT = 25, 40 yrs (NBD) for PPT = 30
Bimamitra Bimamitra
Premium Paying Term 15, 20, 25 & 30 Yrs
Min. Sum Assured Rs. 2,00,000/- & there after in multiples of Rs. 25,000/-
Bimamitra Bimamitra
Modes allowed Yly, Hly, Qly, SSS, Mly(ECS)
Bimamitra Bimamitra * Age at entry for the L.A. Is to be taken as nbd except for the min. Age at entry i.e. 90 days
Bimamitra
HighBimamitra
2 Lac - 4,75,000 Nil
B.S.A.
5 Lac - 9,75,000 Rs. 1.25 per 1000 B.S.A.
Rebate
Bimamitra Bimamitra 10 Lac - 24,75,000 Rs. 1.75 per 1000 B.S.A.
Bimamitra Bimamitra
Bimamitra Bimamitra This plan provides for following rider on payment of additional premiums.
Bimamitra Bimamitra
If, after at least two full years premium have been paid and any subsequent premiums be not
Paid-Up duly paid the policy shall not be wholly void, but shall subsist as a paid-up policy. B.S.A. Shall
Bimamitra
ValueBimamitra be reduced to such a sum called paid-up S.A.
Bimamitra Bimamitra
Guaranteed Surrender Value (GSV) shall be a % of total premiums paid (net of taxes) excluding
any extra premiums and premiums for riders, if opted for. This % will depend on the policy term
GSV &
Bimamitra Bimamitra and policy year in which the policy is surrendered.
SSV The Special Surrender Value (SSV) will be the discounted value of the sum of Paid-up S.A. & the
Vested Simple Reversionary Bonuses. This is paid only if it is higher than GSV.
Bimamitra Bimamitra
30 Days Grace Period for yearly, half-yearly, quarterly mode of premium payment.
Grace
Bimamitra Period
Bimamitra
& Revivals If the premium is not paid within the days of grace, the policy lapses and my be revived during the
lifetime of the life assured, but within a period of 5 consecutive years from the date of FUP.
Bimamitra Bimamitra
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA'
STREET#6, HABSIGUDA, HYDERABAD
- 500007
Mobile : 9347275063
Email : harikrishna_m@hotmail.com
Jeevan Umang
Proposer 30
Age 30 No : 20
Plan Details
S.No Doc Plan Plan Name Term PPT Mode Sum Dab Rider Premium G.S.T. Bonus Maturity
Assured
1 30/09/2021 945 Jeevan Umang 70 15 Yly 2,50,000 2,50,000 20,074 903 57 17,43,125
Total 2,50,000 2,50,000 20,074 903 17,43,125
..continued
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the
illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
* Liable to Change as per government policy.
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA'
STREET#6, HABSIGUDA, HYDERABAD
- 500007
Mobile : 9347275063
Email : harikrishna_m@hotmail.com
Jeevan Umang
Proposer 30
Age 30 No : 20
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the
illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
* Liable to Change as per government policy.
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA'
STREET#6, HABSIGUDA, HYDERABAD
- 500007
Mobile : 9347275063
Email : harikrishna_m@hotmail.com
Jeevan Umang
Proposer 30
Age 30 No : 20
Summary
Description Amount Maturity Breakup Details Amount
Proposer 30 2,50,000
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA'
STREET#6, HABSIGUDA, HYDERABAD
- 500007
Mobile : 9347275063
Email : harikrishna_m@hotmail.com
Jeevan Umang
Proposer 30
Age 30 No : 20
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the
illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
* Liable to Change as per government policy.
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA'
STREET#6, HABSIGUDA, HYDERABAD
- 500007
Mobile : 9347275063
Email : harikrishna_m@hotmail.com
Jeevan Umang
Proposer 30
Age 30 No : 20
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the
illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
* Liable to Change as per government policy.
HARIKRISHNA MANDALI
Flat# 104, 'ACROPOLIS VILLA'
STREET#6, HABSIGUDA, HYDERABAD
- 500007
Mobile : 9347275063
Email : harikrishna_m@hotmail.com
Jeevan Umang
Proposer 30
Age 30 No : 20
Proposer 30
Age 30 No : 20
12 16,000
13 17,333
14 18,667
15 20,000
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the
illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
* Liable to Change as per government policy.