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 Children¶s 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

000 no limit all no 26 Jeevan Vishwas plan 136 50. 108 50. Or yearly or HY Investment plan 35 Bima nivesh 25. 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.20 Jeevan Rekha Plan 152 2 Lakh no limit all yes 21 Money back with profit 50. 107.000 no limit yes .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. no.000 no limit all no 24 Jeevan Bharati plan 160-exclusive plan for women 50.000 no limit all no 22 Jeevan surabhi plan 106.5lakh yearly no Policy for benefits for handicapped 25 Jeevan Adhar plan 114 50.000 2. 172(pension plan) Min premium 10000/annum for single premium mode and 5000 under regular p single prem. Half-yearly.

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. 20 % at 20. 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 0 10 20% at 18. at the time of maturity+ loyalty addition sum assured + guaranteed aditions+ loyalty adiition 0 12 sum assured+ accumulated bonus+ final additional bonus sum assured+vested bonuses+final additional bonus 18 40 25+25+25. 30% at 24 + guaranteed addition. 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 . 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. 30% at 22.

if any) : sum assured+ bonuses Full Sum Assured irrespective of all earlier survival benefits paid plus Guaranteed Additions plus bonus . 50(1 106: 4-30%.Term 20 Years: 10% of sum assured on 4th and 8th and 12th and 16th year above are survival benefits Maturity banifits=total prem. 12-25% 15-25% . 8-25%. 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. 8-25%. 12-25% 15-25% . 20-bonus Plan 106: 4-25%. 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). 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 . 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 . 8-30%. 12-40% 15-bonus Plan Plan 106: 4-25%. 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 .

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. 24 months who need risk cover for maximum 2 ye min 5 max 7 sum assured under basic plan min 10 max 25 . max 25 No : 6. 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. 20 . 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. 12. 18. 12. 16. 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.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.

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. min 5 max 25 NA 5. 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 . 15. 15. 25.by paying additional prem. 10. 20. 30 & 35 only yes as per usual LIC practice min 10 max 40 NA No min 15 max 30 YES BY PAYING ADDITIONAL PREM.

Are paid Provision to pay prem. for all provides full life insurance cover for 3 years even when prem. Are not paid provided min. In most productive years of life and need not pay prem. 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. In later stages of life Provision to pay prem. Prem are paid after 3 yrs.reduced paid up assurance after 5 yrs. 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 .

.

no. 8 with profits 2 Endowment Schemes Endowment with profit plan.000 10 crore 50.000 no limit 50.000 50.000 no limit yes . 107.000 no limit New Janraksha Plan 91 3 Term Assurance PLan 30.5 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 Children¶s deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106.000 50. 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 1 crore 50.000 40.Sr. 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.000 no limit Jeevan mitra triple cover plan no 133 Jeevan Anand plan .149 50.000 no limit 30.000 no limit Loan yes yes yes Limited payment endowment with profit plan no 48 Jeevan mitra plan no 88 50.014 50.000 no limit Limited payment whole life plan 005 Single premium plan no.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 100.000 50.000 no limit 50.000 50.000 no limit 25 lakh no limit no limit no limit no limit no limit no limit no limit no limit 2.000 no limit 50.000 no limit 50.000 50.000 5 Lakh 3 crore 50.000 200.000 2 lakh 50.no Policy category 1 Whole Life Schemes Policy Name Whole life with profits plan-002 Sum assured Min Max 50.000 1 lakh 50.

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 5.24 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. 10.45 15 fixed 18 50 15 and 20 no 25 no yes no no 3 3 no no 3 22 20 65 10. 15.12. 20.15.20 13 65 5 13 50 20 and 25 14 55.16.25.50.20.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. 25 25 no no 1 or 2 1 no 1 12 18 60 65 10 5 35 no NG no 3 2 13 70 5 and 10 no 1 .18.

19.22.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. no. 107.149 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 Children¶s deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106.16 yrs.8. 10% of SA after every 5 Yrs 20 % of SA after evry 5 Yrs SA at 4. 172(pension plan) Bima nivesh nil nil nil Plans for needs of Children SA for last 4 years+bonuses SA at 18.014 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 . 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.20+bonuses SA+bonuses in lumpsum or 10 HY installements SA+bonuses Periodic money back plan SA at 4.12.8.24+bonuses SA+bonuses SA at 17.20.12 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 .18.

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 .