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Wednesday 16 January 2013


LIC NEW JEEVAN NIDHI – Plan no 812


NEW JEEVAN NIDHI Plan no 812LIC NEW JEEVAN NIDHI (Plan no 812) is a deferred pension plan which is launched on 2nd JAN 2013.New Jeevan Nidhi also provides a risk cover during the deferment period. The USP of the New Jeevan Nidhi plan being the pension can commence at 55 years.
The premiums paid are exempt under Section 80CCC of Income Tax Act.


•Life Protection ~
Insurance Cover upto Date of Vesting
•Pension ~
Option To purchase an Immediate Annuity (0r)
To purchase New Single Premium Deferred Pension Plan
•Guaranteed Additions ~
For the first 5 years @ Rs.50‰ Basic Sum Assured
•Participation in Profits ~
After 6th policy year, benefit of  Vested Bonus and Final Additional Bonus.
•Flexibility ~
Premium Payment Frequency-Single Premium,Yearly,Half-yearly,Quarterly,Monthly(ECS/SSS)
•Customization ~ Option for Accident Benefit Rider under Regular Premium Policies only

Wednesday 2 January 2013

LIC’s JEEVAN ANKUR (Table-807) New Child's Plan



LIC’s Jeevan Ankur w.e.f. 23rd Jan 2012 is specially designed to meet the educational and other needs of your child. If you are the parent of a child aged upto 17 years, LIC’s Jeevan Ankur is the most suitable insurance plan for you which ensures that your responsibilities are met whether you survive or not and without depending on anyone else.

The Policy term of Jeevan Ankur is based on the age of the child (18 and 25) to ensure that the financial needs of your child. Under this plan the risk will be on life of parents and child shall be the nominee. The policy term shall be based on the age at maturity of the child.

Plan Benefits:
Maturity Benefit = Sum Assured + Loyalty addition.
Death Benefit = Sum Assured + Income Benefit + Maturity Benefit *.
Income Benefit= 10% of Basic Sum Assured on each policy anniversary till the end of the policy term.
Loyalty Addition= Depending upon the Corporation’s experience the policy will be eligible for Loyalty addition on the stipulated date of maturity.

Optional Benefits:
i) Accident Benefit Rider
ii) Critical Illness Rider

Plan Parameters:
Sum Assured:
Minimum: Rs. 100,000 Maximum: No Limit
Minimum Age at entry for Life Assured: 18 years
Maximum Age at entry for Life Assured: 50 years
Maximum Maturity Age for Life Assured: 75 years
Entry for child:
Mimumum: 0  years Maximum: 17 years
Policy Term:
Minimum: 8 years Maximum: 25

Mode of Premiums: Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS only) or through SSS mode over the term of policy. Alternatively, a single premium can be paid.
Rebate on Mode of Payment: 2% yearly,1% Half yearly, Nil on Qly and SSS
Polcy Loan: No loan facility will be available under this plan.

Revival:
If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can be revived from the date of first unpaid premium and before the date of maturity by paying all the arrears of premium together with interest within a period of five years, subject to submission of satisfactory evidence of continued insurability.

Example:
Mr. Venkat,34 ages has a 10 months old daughter laxmi. He opts for Jeevan Ankur Plan for Rs. 2 lacs Sum Assured for 25 years. He pays premium of Rs. 7175/- annualy and after maturity of this policy Rs. 3,88,000/-* will be given to his daughter i.e. Sum Assured+ Loyalty Additions (*10% p.a)

If Mr. Venkat death occurs after 10 years, Basic Sum Assured Rs. 2,00,000/-shall be given to his nominee immediately.And when his daughter Pooja attains the age of 25 year(policy term), she will get Rs. 3,00,000/- (An income benefit equal to 10% of Basic Sum Assured shall be payable on each policy anniversary)
Total gain
2laks+(20k*15 =3 laks)+ maturity benefits ...
so ur children future is safe .

Call:  Ramana-7207597946(Hyderabad/Manikonda) for details and start this policy.