Money Back

Money Back Plans -
Enjoy Insurance Benefits and get your money back.


Suitability : Businessmen & Professionals as money available at regular intervals.

Other Details : [a] A portion of S.A. viz., Survival Benifit, is paid as a perentage once in every 5 years.

[b] Life risk cover for the entire sum assured even after payment of survival benefit.

[c] At the time of first Survival Benefit the Life Assured should have attained majority.

Maturity Benefit : Bonus is given for the full sum assured amount.

Death Benefit : On death, before the policy term ends, full S.A. + Bonus is paid to nominee. The Survival Benefit already paid, if any, is not deducted in case of death claim. Following re-investment table givbes an idea of the total amount available at the end of the term, if the survival benefits are re-invested at 9% interest compounded annually in Banks/Company Deposits/Mutual Funds/RBI Bonds etc..

Example of Reinvestment Table for Plan 75-20, for 1 Lakh S.A.

____________________________________________________________________

Survival Benefit      5 years     10 years     15 years       20 years   

                        1           20,000       30,772         47, 347            72,850

                         2           ---               20,000         30,772           47,347

                         3           ---                 ----              20,000           30,772

    Maturity Bonus

    @ Rs.39

     per 1000 S.A.         -----               ----                 ------             78,000

              FAB @ 

        Rs. 75 per 

           1000 S.A.          -----              ------                ------               7,500

                 _______________________________________________________________

         Total                20,000          50,772              98,119         2,76,469

         

Product summary : These are Money Back type Assurance plans that provide financial protection against death throughout the term of plan along with the periodic payments on survival at specified durations during the 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 till the earlier death.
Bonuses : This is a with-profit plan and participate 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. Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Jeevan Amrit

Endowment Assurance Plans -

Make Provisions for loved oneswhile enjoying
long-term personal benefits.

This is a plan designed to meet the needs of persons having high earnings for a short span, wherein, the income may decrease or stop thereafter. The premium paying capacity of such persons is quite high during the period of high income.

The premium will be high during first year and thereafter premium comes down significantly i.e.to the extent of halff or 1/3 rd or 1/4 th of the first year premium. This is a plan where the payment of premium is limited to 3 or 4 or 5 years and on can choose the policy term from 10 to 30 years. During PPT the premium payable during the first year is higher than the premium payable in subsequent years.

Maturuty Benefit : In case of Life Assured surviving to the end of the term, total amount of premiums [ excluding extra premium if any ] paid during the term of the policy, along with vested reversionary Bonus & FAB if any, will be paid back.

Product summary : Some people, particularly the younger ones, want to have high cover at a low cost. Further, many of them do not want commitment to pay premiums for a longer duration. LIC's Jeevan Amrit is most suitable for such persons. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
Options : You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.
Payment of Premiums : You may pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.

Jeevan Shree-I

Plans for High Worth Individuals -

Match your highflying lifestyle with the

right kind of investment.

Feature : This plan is like an Endowment plan suitable for high earning people with convenient premium paying terms. This helps them to pay the premiums in their most productive years.

Maturity Benefit : Basic S.A. + vested G.A.@ Rs.50 per 1000 S.A [for 1st 5 years] + Reversionary Bonus [6th year onwards]

Death Benefit : [a] During first 5 policy years : Basic S.A. + vested G.A.@ Rs.50 per 1000 S.A. for each completed year. [b] On death after first 5 years : Basic S.A. + vested G.A.@ Rs.50 per 1000 S.A. for year for the first 5 years + accrued Reversionary Bonuses declared from 6th year onwards.

Term Assurance Rider Option : Premiums are payabel during the PPT & an amount equal to Term 
Assurance S.A. will be payable in addition to the premium under the basic plan. Std./Sub.Std.lives [upto class 3 EMR] & Female lives category 1 & 2 allowed. Pregnant Females,  Handicapped Lives & Persons attracting Occupational Extra of more than Rs.4 per 1000 S.A. are not allowed.

Paid - up Value : [a] For PPT 10 years & less, atleast 1 full year's premium should have been paid. [b] For more than 10 years PPT 2 full years premiums should have been paid.

The Policy can be surrendered for cash after completion of three policy years.

Premiums : Premiums are payable yearly, half-yearly, quarterly, monthly 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.

Jeevan Anand

A blend of happiness

and security

JEEVAN ANAND

Zindagi ke saath bhi, zindagi ke baad bhi. 

                     Get double benefits with Jeevan Anand.

Make Provisions for loved ones while enjoying long-term personal benefits.

Product summary: This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Premium: Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till 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. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.

Benefits : Sum Assured along with all vested bonuses payable at the end of the premium paying term (Endowment term)

Death Benefit : Sum Assured along with vested bonuses payable on death during the premium paying term and policy comes to an end. An amount equal to the Sum Assured is payable if death occures after the premium paying term.