1 LIC Jeevan Anurag Plan

LIC Jeevan Anurag Plan is a plan designed specifically to take care of your
child’s education needs. In this plan, you get an Assured Benefit and Death
Benefit. On death of the Life Insured, the Sum Assured is paid immediately to the
nominee and all future premiums are waived off, but the policy continues. Payment
of 20% of the Basic Sum Assured at the start of every year during last 3 policy
years before maturity, and on maturity the remaining 40% of the Sum Assured
along with the bonus would also be paid, irrespective of whether the life insured is
alive or not.

Key Features of LIC Jeevan Anurag Plan

● Double Benefit Plan.

● On Maturity the remaining 40% of the Sum Assured along with the bonus
would be paid.
● Premium needs to be paid till maturity and in case of an early death, future
premiums are waived off.
● Various riders available.
● Large Sum Assured Rebate available in this LIC plan.

Benefits you get from LIC Jeevan Anurag Plan

Death Benefit – In case of death of the Life Insured, the nominee would get the
Sum Assured immediately. The future premiums would be waived and again 20%
of the Basic Sum Assured at the start of every year during last 3 policy years
before maturity and then the Maturity Benefit would also be paid. 

Survival Benefit – On Survival of the Life Insured, he receives 20% of the Basic
Sum Assured at the start of every year during last 3 policy years before maturity.

Maturity Benefit – On maturity, the life insured or his nominee gets the remaining
40% of the Sum Assured plus the Bonus.

Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,50,000 are
allowed as a deduction from the taxable income each year under section 80C.

2. LIC Jeevan Chhaya Plan

LIC Jeevan Chhaya Plan is a Money Back Endowment Plan for the benefit of a
child such that Sum Assured is paid immediately to the nominee on death of the
Life Insured and the future premiums are waived but the policy continues. 25% of
the Sum Assured is given back to the Life Insured on survival or to the nominee on
his death in the last 4 policy years and the accrued bonus and final addition bonus
would also be paid on maturity, irrespective of whether the life insured is alive or
not.
Key Features of LIC Jeevan Chhaya Plan

● This is a Double Benefit Plan as the Sum Assured is paid twice if the Life
Insured dies, once immediately when he dies -and again 25% of the Sum
Assured is paid in the last 4 policy years
● Premium needs to be paid till maturity or earlier death 
● There are inbuilt benefits like Premium Waiver Benefit rider and an
additional Accidental Death Benefit rider
● In the last 4 policy years, 25% of the Sum Assured is paid to the Life Insured
or his nominee 

Benefits you get from LIC Jeevan Chhaya Plan

Death Benefit – In case of death of the Life Insured, the nominee would get the
Sum Assured immediately. The future premiums would be waived and again 25%
of the Sum Assured is paid on each of the last 4 policy years.
Survival Benefit – On Survival of the Life Insured, he receives 25% of the Sum
Assured is paid on each of the last 4 policy years.
Maturity Benefit – On maturity, the life insured or his nominee gets the remaining
25% of the Sum Assured plus the Bonus.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,50,000 are
allowed as a deduction from the taxable income each year under section 80C
3 JEEVAN MITRA
 Features
Product summary

This is an Endowment Assurance plan that provides greater financial protection

against death throughout the term of plan. It pays the maturity amount on survival
to the end of the policy term.

Premiums 

Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary

deductions, as opted by you, throughout the term of the policy or earlier death.

Bonuses : This is a with-profit plan and participates in the profits of the

Corporation’s life insurance business. It gets a share of the profits in the form of
bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured
annually at the end of each financial year. Once declared, they form part of the
guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable
provided a policy has run for certain minimum period.

4. New Janaraksha Plan

LIC New Janaraksha Plan is a simple endowment policy with bonus facility.

The Sum Assured along with accrued Bonus is payable on the Policy Maturity or
on earlier death. This plan provides for inbuilt accidental death benefit.  
 

Key Features of LIC New Janaraksha Plan

● This plan an endowment plan with guaranteed returns

● Sum assured + accrued Bonus paid on Maturity or on earlier Death.
● The plan is allowed to physically handicapped people
● Even if the policyholder is not able to pay premiums after paying first
2 years
● premiums, then the life risk cover continues for 3 more years from
unpaid pre

5.LIC Jeevan Shanti Plan

LIC Jeevan Shanti Plan Review

LIC Jeevan Shanti is a Single Premium Annuity Plan. This plan can be
used to secure fixed payouts at regular intervals for the rest of your life.

How it works: You pay a Single Premium (also called the 'Purchase
Price') to purchase an Annuity. LIC will then pay you regular amounts
for the rest of your life. You could receive this regular payouts monthly,
quarterly, half-yearly or annually. This regular payout amount is called
an Annuity. You have 2 options in this plan - Immediate Annuity &
Deferred Annuity. Collectively there are 12 options to receive you
regular annuity payments. We will understand them better with the help
of examples.
 6.Jeevan varsha
Features
LIC's Jeevan Varsha is a close ended Money Back Plan with Guaranteed Additions.
The plan provides for periodical payments of a proportion of Sum Assured at
specified durations, on survival during the term of the policy and on maturity. The
Plan provides for payment of Sum Assured on death. Guaranteed Additions are
payable on death and Maturity. Loyalty Additions may also be payable during the
last yea of the policy on both maturity and death.

7. Money Back Plan 20 Years - Policy

LIC's New Money Back Plan 20 years is a non-linked participating policy which in
addition to periodic payment on survival at specific periods during the term. As
part of the policy, 20% of Sum Assured is paid as survival benefit at the end of 5,
10 and 15 years. Also, a simple reversionary bonus is payable on maturity. What’s
more, LIC’s new money back policy provides accidental death and disability
benefit riders. Policyholders can also avail of loan facility under the policy.
The LIC new money back policy can be surrendered only after it accrues cash
value after paymt of 3 years of premiums. If policyholders stop paying the
premium, the policy ceases to exist. Nevertheless, if premiums have been paid for
three years, a paid up value is accrued for a reduced sum assured. However, the
policyholder cannot avail of additions in the future.
The LIC new money back policy can be revived under two years from the day of
the unpaid premium. The revival of the policy will be effective after it is duly
approved by LIC, which informs the policyholder. What’s more, policyholders can
also take loan against the policy provided it has acquired a surrender value. Ho
Profit
8. The money back policy-25 years

Features
Unlike ordinary endowment insurance plans where the survival benefits are
payable only at the end of the endowment period, this scheme provides for periodic
payments of partial survival benefits as follows during the term of the policy, of
course so long as the policy holder is alive.

In the case of a 20-year Money-Back Policy (Table 75), 20% of the sum assured
becomes payable each after 5, 10, 15 years, and the balance of 40% plus the
accrued bonus become payable at the 20th year.

For a Money-Back Policy of 25 years (Table 93), 15% of the sum assured becomes
payable each after 5, 10, 15 and 20 years, and the balance 40% plus the accrued
bonus become payable at the 25th year.

An important feature of this type of policies is that in the event of death at any time
within the policy term, the death claim comprises full sum assured without
deducting any of the survival benefit amounts, which have already been paid.
Similarly, the bonus is also calculated on the full sum assured. 

9. Bima bachat

LIC's New Bima Bachat is a participating non-linked savings cum protection

plan, where premium is paid in lump sum at the outset of the policy. It is a
money-back plan which provides financial protection against death during the
policy term with the provision of payment of survival benefits at specified
durations during the policy term. In addition, on maturity, the single premium shall
be returned along with Loyalty Addition, if any. This plan also takes care of
liquidity needs through its loan facility.
 10. Jeevan anand

Benefits
LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an
attractive combination of protection and savings. This combination provides
financial protection against death throughout the lifetime of the policyholder with
the provision of payment of lumpsum at the end of the selected policy term in case
of his/her survival. This plan also takes care of liquidity needs through its loan
facility.
11. Jeevan Tarang Plan

LIC Jeevan Tarang Plan is a Whole Life Plan with Bonus facility.
In this plan, the premium is paid for the Accumulation Period that is chosen
by the policyholder of 10, 15 or 20 years. When the Accumulation Period
ends, i.e. the Premium Paying Term is over, the vested Bonus is paid in a
Lumpsum and the policy continues.
Every year, after the Accumulation Period ends, 5 and ½ % of the Sum
Assured is paid as Survival Benefit till the Life Insured is 100 years old. If
the Life Insured survives till 100 years, then the entire Sum Assured +
Loyalty Bonus is paid and the policy is terminated.
However, if the Life Insured dies within the accumulation period, then Sum
Assured + vested Bonus is paid and the policy is terminated. If the Life
Insured dies after the accumulation period but before 100 years of age,
then Sum Assured + Loyalty Addition is paid and the policy is terminated.
 

Key Features of LIC Jeevan Tarang Policy

● This plan is a Whole Life Plan with regular annual returns post maturity
 ● Premium is paid till the Accumulation Period only and not after that.
● Death Benefit is Sum Assured + accrued Bonus + Loyalty Additions, if any
● 5 and ½ % of the Sum Assured is paid as Survival Benefit every year post
Accumulation Period
● Simple Reversionary Bonus is payable on maturity or earlier death.
● Additional Accidental Death Benefit rider, Term Rider, Critical Illness rider
and Premium Waiver Benefit for Critical Illness rider can be opted for
during the Accumulation Period only.

12. Jeevan shree-1 plan

Features
 
Product summary:
This is an Endowment Assurance plan offering the choice of many convenient
premium paying terms. It provides financial protection against death throughout
the term of plan with the payment of maturity amount on survival to the end of the
policy term.

Premiums:
Premiums are payable yearly, half-yearly, quarterly or through Salary deductions,
as opted by you, throughout the premium paying term or till earlier death.
Alternatively premium may be paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per
thousand Sum Assured for each completed year for first five years of the policy.
The Guaranteed Additions are payable along with the Basic Sum Assured at the
time of claim.
 13. Market plus -1plan

Bonuses:
The policy participates in the profits of the Corporation’s life insurance business
from the 6th year onwards. It will get a share of the profits in the form of bonuses.
Simple Reversionary Bonuses will be declared per thousand Basic Sum Assured
annually at the end of each financial year. Once declared, they will form part of the
s

Features
 

Product summary:
This is an Endowment Assurance plan offering the choice of many convenient
premium paying terms. It provides financial protection against death throughout
the term of plan with the payment of maturity amount on survival to the end of the
policy term.

Premiums:
Premiums are payable yearly, half-yearly, quarterly or through Salary deductions,
as opted by you, throughout the premium paying term or till earlier death.
Alternatively premium may be paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per
thousand Sum Assured for each completed year for first five years of the policy.
The Guaranteed Additions are payable along with the Basic Sum Assured at the
time of claim.
Bonuses:
The policy participates in the profits of the Corporation’s life insurance business
from the 6th year onwards. It will get a share of the profits in the form of bonuses.
Simple Reversionary Bonuses will be declared per thousand Basic Sum Assured
annually at the end of each financial year. Once declared, they will form part of the
guaranteed benefits of the plan.

14. LIC Aadhaar Stamph

Aadhaar Stambh is an insurance plan which provides both protection and savings.
It is only for male applicants and an Aadhaar card is mandatory. Some of the
benefits offered are death and maturity benefit as well as add-on riders.

If you are looking for an insurance plan which gives the combined benefit of
savings and protection, then the LIC Aadhaar Stambh is the right plan for you. This
is a non-linked, with-profit endowment assurance life insurance plan which is
offered exclusively to male applicants who hold an Aadhaar Card. In case of the