Jeevan Bharathi - I

Special Money Back Plans For Women -

Simple Plans for ' not so ' simple needs.

Introduction :

LIC’s Jeevan Bharati- I – This plan is exclusively for Women encouraging them to save for Safety & Security. This is like a Money Back plan with 15 & 20 years term where 20% of the S.A. is paid at the end of every 5 years and on maturity, the balance S.A. will be paid alongwith Reversionary Bonus & FAB if any. Apart from the above, one can opt for ABR, CIR, & CDB Rider also.

Death Benefit : An amount equal to S.A under the basic plan alongwith Reversionary Bonuses & Final Additional Bonus if any will be payable. Survival Benifit already paid if any is not duducted.

SPECIAL FEATURES

1. Encashment of Survival Benefit as and when needed :

The policyholder at her option may avail the survival benefit any time on or after its due date. If opted to avail later, increased survival benefit at the rate decided by the corporation from time to time will be payable.

2. Flexibility to pay premiums in advance :

The mode of premium payment is only yearly under this plan. However, policyholder may pay the next yearly premium in advance in instalments (maximum upto 3 instalments) during the year. If premiums are paid in advance a premium rebate may be allowed as may be decided by the Corporation from time to time

3. Option to receive maturity proceeds in the form of an annuity: :

The policyholder shall have the option to receive the maturity proceeds in the form of annuity. The rate of annuity will be based on the annuity rates prevalent at the time of stipulated Date of Maturity.

4. Auto Cover::

After two years premiums have been paid, whenever premium payment is discontinued, the life cover for full sum assured will continue for 3 years from the due date of first unpaid premium.

If death occurs during the Auto Cover period, then death benefit after deducting unpaid premiums, with interest is payable along with the vested bonus, if any.
The auto cover shall not be available for rider benefits.

A. Survival Benefits :

On Survival the following benefits are payable :

For 15 Years Term

20% of the Sum Assured payable at the end of 5 years.

20% of the Sum Assured payable at the end of 10 years.

60% of the Sum Assured payable together with vested bonus, and Final Additional Bonus, if any, at the end of 15 years.

For 20 Years Term

20% of the Sum Assured payable at the end of 5 years.

20% of the Sum Assured payable at the end of 10 years.

20% of the Sum Assured payable at the end of 15 years.

40% of the Sum Assured payable together with vested bonus and Final Additional Bonus, if any at the end of 20 years.