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Whole Life Schemes

1 Whole life with profits plan-002 Sum Assured Min Max 50,000 no limit Payment mode Y, HY, Q, M, Salary saving schemes Policy Loan Yes

2 Limited payment whole life plan 005(with profits)

50,000 no limit

Y, HY, Q, M, Salary saving schemes

yes

3 Single premium plan no. 8 with profits

30,000 no limit

single prem. Only

yes

Endowment Schemes
4 Endowment with profit plan- 014 50,000 no limit Y, HY, Q, M, Salary saving schemes yes

5 Limited payment endowment with profit plan no 48

50,000 no limit

Y, HY, Q, M, Salary saving schemes

no

6 Jeevan mitra plan no 88

50,000 no limit

Y, HY, Q, M, Salary saving schemes

yes

7 Jeevan mitra triple cover plan no 133

50,000 no limit

Y, HY, Q, M, Salary saving schemes

yes

8 Jeevan Anand plan - 149

1,00,000 no limit

Y, HY, Q, M, Salary saving schemes

yes

9 New Janraksha Plan 91

30,000 2,00,000

Y, HY, Q, M, Salary saving schemes

yes

Term assurance plan


10 Anmol-jeevan-1 (without profit) 5 lakh 3 crore Y, HY , and single prem. no

11 Term assurance plan no 43

50,000 1 crore

single prem.

no

12 Convertible term assurance plan no 58

50,000 10 crore

Y, HY, Q, M, Salary saving schemes

no

Plans for needs of children


13 Jeevan Anurag table no 168 50,000 no limit Y, HY, Q, M, Salary saving schemes yes

14 Komal Jeevan: 159

1 lakh 25 lakh

Y, HY, Q, M, Salary saving schemes

no

15 Jeevan Kishore plan no 102

50,000 no limit

Y, HY, Q, M, Salary saving schemes

no

16 Jeevan Chaya Plan 103

50,000 no limit

Y, HY, Q, M, Salary saving schemes

no

17 Marriage endowment/educational annuity plan no 90

50000 no limit

Y, HY, Q, M, Salary saving schemes

yes

18 Childrens deferred plan 041 and 050

50,000 no limit

M, Q, HY, Y

no

Periodic money back plan


19 BIMA GOLD 40,000 no limit all yes

20 Jeevan Rekha Plan 152

2 Lakh no limit

all

yes

21 Money back with profit

50,000 no limit

all

no

22 Jeevan surabhi plan 106, 107, 108

50,000 no limit

all

no

24 Jeevan Bharati plan 160-exclusive plan for women

50,000 2.5lakh

yearly

no

Policy for benefits for handicapped


25 Jeevan Adhar plan 114 50,000 no limit all no

26 Jeevan Vishwas plan 136

50,000 no limit

all

no

Plans to cover housing loan


27 Mortgage redemption plan no 52 50k 10 lakh all no

Joint life Plan


28 jeevan sathi plan 89 50k no limit all yes

Plan for high worth individual


30 Jeevan shree-1 table no 162 5 laks 25 lakh all yes

31 Jeevan Pramukh

10 lakh

no limit

Yearly, Half-yearly, Quarterly or Monthlyes y

Capital market linked plan


32 Bima plus plan 140 Single prem or HY or yearly

Special Plan
33 Jeevan saral plan 165

Min premium per month: 250 for age<=49 years and 400 for age>4 Yes

34 Future Plus t. no. 172(pension plan)

Min premium 10000/annum for single premium mode and 5000 under regular p
single prem. Or yearly or HY

Investment plan
35 Bima nivesh 25,000 no limit yes

Age Benefits Min Max survival benefits 18 60 sum assured+accumulated bonuses+terminal bonuses after 40 years from commencement or policy holders age>= 80 years whichever is later

Death benifits sum assured+accumulated benefits+terminal bonuses paid To his nominees after death

12

60 sum assured + bonuses (provided all prem. Have been paid as mentioned in prem paying terms )

sum assured+ bonuses+vested bonuses

12

60 no survival benefits

sum assured + profits

12

65 sum assured+accumulated bonuses+final additional bonuses

sum assured+vested bonuses

12

65 like limited payment whole life plan

18

50 sum assurance + vested bonuses

double the sum assurance + bonuses

18

50 sum assured + accumulated bonuses

three times sum assured+vested benefits

18

65 sum assured + vested bonuses

sum assured in case of death after prem paying terms sum assured+bonuses during prem paying terms

18

50 sum assured + accumulated bonuses

sum assured + accumulated bonuses

18

55 Nil

sum assured

18

60 nil

sum assured

18

50 nil

sum assured

20

60 20+20+20+40% of sum assured for last 4 years + bonuses

sum assured+accumulated bonuses+terminal bonuses

10 20% at 18, 20 % at 20, 30% at 22, 30% at 24 + guaranteed addition, at the time of maturity+ loyalty addition

sum assured + guaranteed aditions+ loyalty adiition

12 sum assured+ accumulated bonus+ final additional bonus

sum assured+vested bonuses+final additional bonus

18

40 25+25+25, 25%+bonus + additional bonus

25%+25%+25%+ sum assured

18

60 sum assured + bonuses payable in lumpsum or

sum assured + bonuses

payable in 10 half-yearly installments at the option of the life assured. ayable in 10 half-yearly installments at the option of th p
0 17 sum assured + bonuses lumpsum(sum assured + bonuses) will be paid after deferrement period not at the time of death

14

63 Term 12 Years: 15% of sum assured on 4 and 8 year

th th

th th

Sum assured
th

Term 16 Years: 15% of sum assured on 4 and 8 and 12 year

Term 20 Years: 10% of sum assured on 4th and 8th and 12th and 16th year above are survival benefits Maturity banifits=total prem. Paid+loyalty addition-survival benefits paid earlier
13 65 10% sum assured after every 5 years sum assured + bonuses

13

50 20+20+20+40% sum assured for 20 years policy

sum assured +bonus without deducting survival benefits paid e

15+15+15+15+40 for 25 years policy 14 to 55(106), 50(1 106: 4-30%, 8-30%, 12-40% 15-bonus Plan Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 20-bonus Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 18-bonus
18 50 20 % of the Sum Assured at the end of 5/10 years for 15 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any) 20 % of the Sum Assured at the end of 5/10 /15 years for 20 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any)

: sum assured+ bonuses

Full Sum Assured irrespective of all earlier survival benefits paid plus Guaranteed Additions plus bonus , if any)

22

65 sum assured + 10% guranteed addition

sum assured+ guaranteed and terminal addition

20

60 sum assured+ loyalty additions + guaranteed addition (60 % of sum assured)

sum assured+ loyalty additions + guaranteed addition

20

50 no

all loans will be payable

20

50 sum assured+accumulated benefits

sum assured

18

65 sum assured+accumulated bonuses+guaranteed additions

sum assured+accumulated bonuses+guaranteed additions

18

65 : sum assured + Guraranteed addition + accumulated bonuses+ final additional bonuses

sum assured + Guraranteed addition +


accumulated bonuses+final bonuses

5 % of sum assured along with cash value of units

during first 6 month 30 % of sum assured +cash value of units, 60% of sum assured+ cash value of units for next 6 months and full sum assured+ cash value after 1 year

12

60 sum assured+ loyalty additions

250 times the monthly premium+ return of premiums


excluding first year+loyalty addition

18

65 pension on accumulated bid value of units

basic sum assured + bid value of units

13

70 sum assured + guaranteed additions +loyalty benefits

sum assured + guaranteed additions

accident benefits NA

premium Payment terms till age=80 years or terms of 35 years whichever is later

suitable for all ages

NA

Min 5 years and max 55 years

all ages

Na

N. A. because single prem

all ages

no further prem to be paid if policy holder become totally or permanent disable because of accident before reachng age of 70 NO

min 5 years Max 55 years

all ages

min 5

max 55

all ages

NO

min 15 max 30

not allowed for people engaged in hazardous occupation suitable for Young age people all ages, not allowed for people engaged in hazardeous occupation

besic sum assured with additional payment of prem

min 15 max 30

double accident available during prem. paying terms

min 5 max 57

double the sum assured+ accumulated bonuses provided death due to accident or permnant disability

min 12 max 30

ideal for farmers and workers 100% income tax free

No

min 5, max 25

No

: 6, 12, 18, 24 months

who need risk cover for maximum 2 ye

min 5 max 7

sum assured under basic plan

min 10 max 25 , 5 in case of single premium

no benefits

maturity age 26 years

min 15 max 35

double the sum assured + fixed benefits(75% sum assured 18 max 25 min and future prem stands cancelled in case of accedental death

Sum assured by paying additional premium min 5 max 25 min 25 max 50

available by paying additional prem.

12, 16, 20

by paying additional prem.

min 5 max 25

all ages

NA

fixed 20 and 25

sum assured+bonuses

15 years fixed

double accident benefit

15 and 20

only for women

NA

10, 15, 20, 25, 30 & 35 only

yes as per usual LIC practice

min 10 max 40

NA

No

min 15 max 30

YES BY PAYING ADDITIONAL PREM.

min 5 max 25

NA

5, 10, 15, 20 or 25 years

sum assured + death benefits

amount equal to the Accident Benefit Sum Assured to 35 10

NA

min 5 years

NA

5 and 10 years

reduced paid up assurance after 5 yrs. Prem are paid

after 3 yrs. Prem. Are paid

Provision to pay prem. In most productive years of life and need not pay prem. In later stages of life

Provision to pay prem. In most productive years of life and need not pay prem. In later stages of life

after 3 years

Assures lumpsum at desired age

after 3 years

payment of prem. Can be either limited to single payment or term shorter than policy also assures lump sum at desired age

after 3 years

assures lumpsum at desired age endowment+whole life, for all

provides full life insurance cover for 3 years even when prem. Are not paid provided min. 2 prem are paid

no paid up no surrender value

no paid up no surrender value

Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assurance

Guaranteed surrender after 3 ye Take care of educational needs of childern

after 3 years

Take care of educational needs of childern

suitable for parent who want lumpsum amount at paerticular age of child child become owner of policy after 18 years

provision for education/marriage of child for parents having child less than a year

for marriage/higher education

after 3 years

provides insurance cover on life of the child

after 3 years

after 3 years

its combination of whole life plan with money back

maturity period is more than paying terms


lumpsum benefits on periodic year

after 3 years

exclusive money back plan for women

no

designed for maintainence of handicapped dependant

after 3 years

who wants housing loan to be piad up in case of demise

1 for <10 term and 2 for >10 professional with high income

after 1 years

after 3 years

unit linked product that provides financial protection against death over 10 year term of plan

after 3 years

employee seeking life cover through salary saving scheme

after 2 years

unit lonked pension plan

after 1 year

Sr.no

Policy category 1 Whole Life Schemes

Policy Name Whole life with profits plan-002

Sum assured Min Max 50,000 no limit

Limited payment whole life plan 005 Single premium plan no. 8 with profits
2 Endowment Schemes Endowment with profit plan- 014

50,000 no limit 30,000 no limit


50,000 no limit

Loan yes yes yes

Limited payment endowment with profit plan no 48


Jeevan mitra plan no 88

50,000 no limit
50,000 no limit

Jeevan mitra triple cover plan no 133


Jeevan Anand plan - 149

50,000 no limit
100,000 no limit

New Janraksha Plan 91


3 Term Assurance PLan

30,000 200,000 5 Lakh 3 crore 50,000 1 crore 50,000 10 crore 50,000 1 lakh 50,000 50,000 50,000 50,000 40,000 2 lakh 50,000 50,000 50,000 no limit 25 lakh no limit no limit no limit no limit no limit no limit no limit no limit 2.5 lakh

yes no yes yes yes yes

Anmol-jeevan-1 (without profit) Term assurance plan no 43 Convertible term assurance plan no 58 Jeevan Anurag table no 168 Komal Jeevan: 159 Jeevan Kishore plan no 102 Jeevan Chaya Plan 103 Marriage endowment/educational annuity plan no 90 Childrens deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106, 107, 108 Jeevan Bharati plan 160-exclusive plan for women Jeevan Adhar plan 114 Jeevan Vishwas plan 136 Mortgage redemption plan no 52 jeevan sathi plan 89 Jeevan shree-1 table no 162 Jeevan Pramukh Bima plus plan 140 Jeevan saral plan 165 Future Plus t. no. 172(pension plan) Bima nivesh

no
no no

4 Plans for needs of Children

yes no no no yes no

5 Periodic money back plan

yes

yes
no no no

6 Policy for benefits for Handicapped

50,000 no limit 50,000 no limit 50,000 10 lakh 50,000 no lomit 5 lakh 25 lakh 10 lakh no limit

no no

7 Plans to cover housing Loan

no

8 Joint life plan

yes

9 Plan for high worth individual

yes yes

10 Capital market linked plan

11 Special plan

yes NG

12 Investment Plan

25,000 no limit

yes

Age Min 18 12 12

Payment Terms Max Min Max 60 60 5 60 NA

profit plan paid up 35 yes 5 55 yes 3 1 yes no

survival benefits gets after 80 years or


40 years from the date of commencement whichever is later for all three policies

12 12 18 18 18 18

65 65 50 50 65 50

5 5 15 15 5 12

55 55 30 30 57 30

yes no no no no no

3 3 no no 3 no

18 18 18

55 5 25 no 60 6,12,18,24 months no 50 5 7 no

no no no

20 0 0 18 18 0

60 10 10 maturity age=26 12 15 40 18 60 5 17 25

25 yes no 35 yes 25 no 25 no 50 yes

3 3 no no no 3

14 63 12,16,20 13 65 5 13 50 20 and 25 14 55,50,45 15 fixed 18 50 15 and 20

no 25 no yes no no

3 3 no no 3

22 20

65 10,15,20,25,30 and 35 no 60 10 40 no

no 3

20

25

no

no

20

50

15

30 no

no

18 18

65 5 65 5, 10, 15, 20, 25

25 no no

1 or 2 1

no

12 18

60 65

10 5

35 no NG no

3 2

13

70 5 and 10

no

Policy category Whole Life Schemes

Policy Name Whole life with profits plan-002

Limited payment whole life plan 005 Single premium plan no. 8 with profits
Endowment Schemes Endowment with profit plan- 014

Benefits survival SA+bonuses SA+bonuses nil

Limited payment endowment with profit plan no 48


Jeevan mitra plan no 88

Jeevan mitra triple cover plan no 133


Jeevan Anand plan - 149

New Janraksha Plan 91


Term Assurance PLan

SA+bonuses SA+bonuses SA+bonuses SA+bonuses SA+bonuses SA+bonuses

Anmol-jeevan-1 (without profit) Term assurance plan no 43 Convertible term assurance plan no 58 Jeevan Anurag table no 168 Komal Jeevan: 159 Jeevan Kishore plan no 102 Jeevan Chaya Plan 103 Marriage endowment/educational annuity plan no 90 Childrens deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106, 107, 108 Jeevan Bharati plan 160-exclusive plan for women Jeevan Adhar plan 114 Jeevan Vishwas plan 136 Mortgage redemption plan no 52 jeevan sathi plan 89 Jeevan shree-1 table no 162 Jeevan Pramukh Bima plus plan 140 Jeevan saral plan 165 Future Plus t. no. 172(pension plan) Bima nivesh

nil nil nil

Plans for needs of Children

SA for last 4 years+bonuses SA at 18,20,22,24+bonuses SA+bonuses SA at 17,18,19,20+bonuses SA+bonuses in lumpsum or 10 HY installements SA+bonuses

Periodic money back plan

SA at 4,8,12,16 yrs. 10% of SA after every 5 Yrs 20 % of SA after evry 5 Yrs SA at 4,8,12 and 15 Yrs Sa after every 5 Yrs

Policy for benefits for Handicapped

SA+GA SA+GA

Plans to cover housing Loan

nil

Joint life plan

SA+bonuses

Plan for high worth individual

SA+bonuses SA+bonuses

Capital market linked plan

5 % of sum assured along with cash value of units

Special plan

sum assured+ loyalty additions


pension on accumulated bid value of units

Investment Plan

death benefits SA+bonuses SA+bonuses SA+bonuses

accedent no no no

SA+bonuses Double SA+bonuses Tripple SA+bonuses SA+bonuses SA+bonuses

No further prem NO NO SA DSA DSA+bonuses

like limited payment whole life Not allowed for people engaged in hazardeous environment Not allowed for people engaged in hazardeous environment endowment+whole life ideal for farmers

SA SA SA

No no no

max two year temp risk cover can be converted to endowment or limited payment whole life

SA+bonuses SA+bonuses SA+bonuses SA+75% of sum assured SA+bonuses in lumpsum or 10 HY installements SA+bonuses will be paid after deferrement period

SA no no DSA+fixed benefits SA no

SA+bonuses SA+bonuses SA+bonuses SA+bonuses SA+bonuses

Yes yes no yes DSA

money back + whole life with profit plan Maturity period is more than paying terms only for womens

SA+GA+bonuses SA+GA+bonuses

no yes

all loans payable

no

SA

no

SA+GA+bonuses SA+GA+bonuses

yes no

SA+ cash value of units

yes

unit linked product that provides financial protection against death over 10 year term o

250 times the monthly premium+loyalty addition basic sum assured + bid value of units

no no

employee seeking life cover through salary saving scheme unit lonked pension plan