Jeevan Pragati
Jeevan Labh
Plan :Jeevan Labh(836)
Product Summary : LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 16 Year & 21 Year & 25 Year
P.P.T. For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year
Minimum Entry Age : 8 Year Completed
Maximum Entry Age : 59 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 2,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits : On Death : Basic Sum-Assured,OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.
Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 16 Year & 21 Year & 25 Year
P.P.T. For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year
Minimum Entry Age : 8 Year Completed
Maximum Entry Age : 59 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 2,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits : On Death : Basic Sum-Assured,OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.
Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
New Endowment Plus
Plan : New Endowment Plus(835)
Product Summary : LIC’s New Endowment Plus is a unit linked assurance plan, which offers investment-cum-insurance during the term of the policy. The Policyholder can choose the amount of premium he/she desires to pay, depending on which Policyholder will get the equivalent level of cover. Each premium paid by the Policyholder shall be subject to Premium Allocation charge as per rule. The allocated premium will be utilized to purchase units as per the selected fund type. The Policyholder’s Fund Value will be subject to deduction of charges as per rule. Units will be allotted and cancelled based on the Net Asset Value (NAV) of the respective fund applicable to the date of allotment / cancellation. The NAV will be computed on daily basis and will be based on the investment performance and Fund Management Charges (FMC) of each fund type.
Investment Fund Type: Bond, Secured, Balanced, and Growth Fund
1. Bond Fund: Investment in Government : Not less than 60% Short-term Investment : Not more than 40% Investment in listed equity shares : NIL Fund for risk/return : Low risk
SFIN No.: ULIF001201114LICNED+BND512
2. Secured Fund: Investment in Government : Not less than 45%
Short-term Investment : Not more than 40% Investment in listed equity shares : Not less than 15% & Not more than 55% Fund for risk/return : Steady Income - Low to Medium risk SFIN No.: ULIF002201114LICNED+SEC512
3. Balanced Fund: Investment in Government : Not less than 30%
Short-term Investment : Not more than 40% Investment in listed equity shares : Not less than 30% & Not more than 70% Fund for risk/return : Balanced Income and Growth - Medium risk SFIN No.: ULIF003201114LICNED+BAL512
4. Growth Fund: Investment in Government : Not less than 20%
Short-term Investment : Not more than 40% Investment in listed equity shares : Not less than 40% & Not more than 80% Fund for risk/return : Long term Capital growth - High risk SFIN No.: ULIF004201114LICNED+GRW512 Basic Sum Assured is (10 * Annualized Premium) or (105% of total premiums paid), whichever is higher.
Risk Cover: If age at entry is less than 8 years the risk will commence one day before the completion of 2 years from DOC or at policy anniversary following completion of 8 years of age, Whichever is earlier. In case the age as entry is 8 years or more, Risk will commence immediately.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly
Term : 10 to 20 Years
P.P.T. Same as Policy Term
Minimum Entry Age : 90Days
Maximum Entry Age : 50Years NBD
Minimum Maturity Age :18Years Completed
Maximum Maturity Age : 60 Years NBD.
Minimum Sum Assured : YLY : 20,000 HLY : 13,000 QLY : 8000
ECS : 3000
Maximum Sum Assured : No Limit
Accidental Benefit Rider Available. Policy Benefits : On Death :
On death before the Date of Commencement of Risk: An amount equal to the Policyholder’s Fund Value shall be payable.
On death after the Date of Commencement of Risk: An amount equal to the higher of Basic Sum Assured or Policyholder’s Fund Value shall be payable. Where, Basic Sum Assured is (10 * Annualized Premium) or (105% of the total premiums paid), whichever is higher.
On Survival : Fund Value at the time of maturity.
Surrendered Value : Policy can be surrender after 5 years.
Partial Withdrawals after 5 years. Life Assured must be major.
Loan : Not available.
Income Tax Benefit : 80C Rebate up to Rs 1,50,000 & Maturity & Death Claim Amount 100%Tax Free
Investment Fund Type: Bond, Secured, Balanced, and Growth Fund
1. Bond Fund: Investment in Government : Not less than 60% Short-term Investment : Not more than 40% Investment in listed equity shares : NIL Fund for risk/return : Low risk
SFIN No.: ULIF001201114LICNED+BND512
2. Secured Fund: Investment in Government : Not less than 45%
Short-term Investment : Not more than 40% Investment in listed equity shares : Not less than 15% & Not more than 55% Fund for risk/return : Steady Income - Low to Medium risk SFIN No.: ULIF002201114LICNED+SEC512
3. Balanced Fund: Investment in Government : Not less than 30%
Short-term Investment : Not more than 40% Investment in listed equity shares : Not less than 30% & Not more than 70% Fund for risk/return : Balanced Income and Growth - Medium risk SFIN No.: ULIF003201114LICNED+BAL512
4. Growth Fund: Investment in Government : Not less than 20%
Short-term Investment : Not more than 40% Investment in listed equity shares : Not less than 40% & Not more than 80% Fund for risk/return : Long term Capital growth - High risk SFIN No.: ULIF004201114LICNED+GRW512 Basic Sum Assured is (10 * Annualized Premium) or (105% of total premiums paid), whichever is higher.
Risk Cover: If age at entry is less than 8 years the risk will commence one day before the completion of 2 years from DOC or at policy anniversary following completion of 8 years of age, Whichever is earlier. In case the age as entry is 8 years or more, Risk will commence immediately.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly
Term : 10 to 20 Years
P.P.T. Same as Policy Term
Minimum Entry Age : 90Days
Maximum Entry Age : 50Years NBD
Minimum Maturity Age :18Years Completed
Maximum Maturity Age : 60 Years NBD.
Minimum Sum Assured : YLY : 20,000 HLY : 13,000 QLY : 8000
ECS : 3000
Maximum Sum Assured : No Limit
Accidental Benefit Rider Available. Policy Benefits : On Death :
On death before the Date of Commencement of Risk: An amount equal to the Policyholder’s Fund Value shall be payable.
On death after the Date of Commencement of Risk: An amount equal to the higher of Basic Sum Assured or Policyholder’s Fund Value shall be payable. Where, Basic Sum Assured is (10 * Annualized Premium) or (105% of the total premiums paid), whichever is higher.
On Survival : Fund Value at the time of maturity.
Surrendered Value : Policy can be surrender after 5 years.
Partial Withdrawals after 5 years. Life Assured must be major.
Loan : Not available.
Income Tax Benefit : 80C Rebate up to Rs 1,50,000 & Maturity & Death Claim Amount 100%Tax Free
Jeevan Lakshya
Plan :Jeevan Lakshya (833)
Product Summary : This is a limited premium paying term conventional With-Profits Endowment Assurance plan wherepremium paying term is less than policy term by three years.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term :13 to 25 Years
P.P.T. (Policy Term - 3) Years
Minimum Entry Age : 18Years Completed
Maximum Entry Age : 50Years (Nearest Birthday)
Maximum Maturity Age : 65 Year (Nearest Birthday)
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits : On Death : Benefits payable on death:
Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)
Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan : Available after payment of premium of 3 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term :13 to 25 Years
P.P.T. (Policy Term - 3) Years
Minimum Entry Age : 18Years Completed
Maximum Entry Age : 50Years (Nearest Birthday)
Maximum Maturity Age : 65 Year (Nearest Birthday)
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits : On Death : Benefits payable on death:
Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)
Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan : Available after payment of premium of 3 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Limited Premium Endowment
Plan :Limited Premium Endowment(830)
Product Summary : LIC Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 12 Year ,16 Year, 21 Year
P.P.T. : 8 Year & 9 Year
Minimum Entry Age : 18 Year Completed
Maximum Entry Age : 62 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 3,00,000
Maximum Sum Assured :NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :On Death :125%of Basic Sum-Assured,OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death,WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast two full years premiums have been paid.
Loan : Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 12 Year ,16 Year, 21 Year
P.P.T. : 8 Year & 9 Year
Minimum Entry Age : 18 Year Completed
Maximum Entry Age : 62 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 3,00,000
Maximum Sum Assured :NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :On Death :125%of Basic Sum-Assured,OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death,WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast two full years premiums have been paid.
Loan : Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Jeevan Rakshak
Plan :Jeevan Rakshak(827)
Product Summary : This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan.This plan shall be available to standard lives only without any medical examination andthe total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 2 lacs.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 10 to 20 Years
Minimum Entry Age : 8 Year Completed
Maximum Entry Age : 55 Year (Nearest Birthday)
Maximum Maturity Age : 70 Year
Minimum Sum Assured : 75,000
Maximum Sum Assured : 2,00,000
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :On Death : On death of the Life Assured during the policy term " Sum Assured on Death " shall be payable, which is the highest of
• Basic Sum Assured; or
• 10 times of annualized premium; or
• 105% of all the premiums paid as on date of death.
The premium mentioned above excludes taxes, extra premium and rider premiums, if any.In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.
On Survival : On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any,shall be payable.
Surrendered Value : The policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.Guaranteed Surrender Value:
The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered
Loan : Loan facility is available under this plan,after payment of premiums for at least 3 full years subject to following conditions :
a. The maximum loan as a percentage of surrender value shall be 70percent in case of inforce policies a.nd 60percent in case of paid-up policies.
b. The rate of interest to be charged for the loan amount would be determined from time to time by the Corporation.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D)
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 10 to 20 Years
Minimum Entry Age : 8 Year Completed
Maximum Entry Age : 55 Year (Nearest Birthday)
Maximum Maturity Age : 70 Year
Minimum Sum Assured : 75,000
Maximum Sum Assured : 2,00,000
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :On Death : On death of the Life Assured during the policy term " Sum Assured on Death " shall be payable, which is the highest of
• Basic Sum Assured; or
• 10 times of annualized premium; or
• 105% of all the premiums paid as on date of death.
The premium mentioned above excludes taxes, extra premium and rider premiums, if any.In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.
On Survival : On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any,shall be payable.
Surrendered Value : The policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.Guaranteed Surrender Value:
The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered
Loan : Loan facility is available under this plan,after payment of premiums for at least 3 full years subject to following conditions :
a. The maximum loan as a percentage of surrender value shall be 70percent in case of inforce policies a.nd 60percent in case of paid-up policies.
b. The rate of interest to be charged for the loan amount would be determined from time to time by the Corporation.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D)
Single Premium Endowment (817)
Plan :Single Premium Endowment(817)
Product Summary : LIC Single Premium Endowment Plan (817) is a single premium, non-linked, with profits Endowment Plan.
Premium Payment Mode: Single Premium
Term : 10 to 25 Years
Minimum Entry Age : 90days Completed
Maximum Entry Age : 65 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 50,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Policy Benefits :On Death : On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any
On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.
On Survival : On survival Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
Loan : Loan Facillity is available under this plan, after completion of one policy year.
Income Tax Benefit :
• u/s 80C up to 10% of SA.
Proposal Form : 300/340 shall be used under this plan.
For Example:-
Mr/Mrs/ : Customer
Plan : Single Premium Endowment Plan - 817
Age :25
Term :10
Sum Assured :1,30,000
Single Premium With TAX 3.75% :
99,767 (96161 + 3606)
Approiximate Return at Maturity Time :
S.A. : 1,30,000
Bonus : 55,000
F.A.B. : 0
Total Approximate Return at Maturity Time : 1,85,000
Insurance Advicer
Rahul Chauhan : 9718971118/ Whatsapp:- 9555024622
Licagentrahul12@gmail.com
Premium Payment Mode: Single Premium
Term : 10 to 25 Years
Minimum Entry Age : 90days Completed
Maximum Entry Age : 65 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 50,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Policy Benefits :On Death : On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any
On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.
On Survival : On survival Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
Loan : Loan Facillity is available under this plan, after completion of one policy year.
Income Tax Benefit :
• u/s 80C up to 10% of SA.
Proposal Form : 300/340 shall be used under this plan.
For Example:-
Mr/Mrs/ : Customer
Plan : Single Premium Endowment Plan - 817
Age :25
Term :10
Sum Assured :1,30,000
Single Premium With TAX 3.75% :
99,767 (96161 + 3606)
Approiximate Return at Maturity Time :
S.A. : 1,30,000
Bonus : 55,000
F.A.B. : 0
Total Approximate Return at Maturity Time : 1,85,000
Insurance Advicer
Rahul Chauhan : 9718971118/ Whatsapp:- 9555024622
Licagentrahul12@gmail.com
New Jeevan Anand Plan (815)
Product Summary : LIC New Jeevan Anand(815) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his or her survival.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 15 to 35 years
Minimum Entry Age : 18 Year Completed
Maximum Entry Age : 50 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :On Death : Provided all due premiums have been paid, the following death benefit shall be paid:
• On Death during the policy term: Death benefit, defined as sum of “Sum Assured on Death”and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.Where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium.
This death benefit shall not be less than 105% of all the premiums paid as on date of death.The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
• On death of policyholder at any time after policy term: Basic Sum Assured
On Survival : Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
Surrendered Value : The policy can be surrendered for cash provided atleast three full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered
Loan : Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Proposal Form : 300 shall be used under this plan.
For Example:-
To,
Mr/Mrs: Customer
Plan : Jeevan Anand - 815
Age : 25
Term : 21
D.A.B. : 5,00,000
Death Sum Assured :6,25,000
Basic Sum Assured :5,00,000
1st year Premium With TAX 3.75% :
Yearly : 27,335 (26347 + 988)
Halfly : 13,811 (13312 + 499)
Quarterly : 6,977 (6725 + 252)
Monthly(ECS) : 2,326 (2242 + 84)
YLY Mode Average Prem/Day : 74
After 1st year Premium With TAX 1.875% :
Yearly : 26,841 (26347 + 494)
Halfly : 13,562 (13312 + 250)
Quarterly : 6,851 (6725 + 126)
Monthly(ECS) : 2,284 (2242 + 42)
YLY Mode Average Prem/Day : 73
Total Approximate Paid Premium : 5,64,155
Approximate Return at Maturity Time :
S.A. : 5,00,000
Bonus : 5,14,500
F.A.B. : 50,000
Total Approximate Return at Maturity Time : 10,64,500
+
Life time Rs.5,00,000 risk cover.
Insurance Advicer
Rahul Chauhan : 9718971118/ Whatsapp:- 9555024622
Licagentrahul12@gmail.com
For Example:-
To,
Mr/Mrs: Customer
Plan : Jeevan Anand - 815
Age : 25
Term : 21
D.A.B. : 5,00,000
Death Sum Assured :6,25,000
Basic Sum Assured :5,00,000
1st year Premium With TAX 3.75% :
Yearly : 27,335 (26347 + 988)
Halfly : 13,811 (13312 + 499)
Quarterly : 6,977 (6725 + 252)
Monthly(ECS) : 2,326 (2242 + 84)
YLY Mode Average Prem/Day : 74
After 1st year Premium With TAX 1.875% :
Yearly : 26,841 (26347 + 494)
Halfly : 13,562 (13312 + 250)
Quarterly : 6,851 (6725 + 126)
Monthly(ECS) : 2,284 (2242 + 42)
YLY Mode Average Prem/Day : 73
Total Approximate Paid Premium : 5,64,155
Approximate Return at Maturity Time :
S.A. : 5,00,000
Bonus : 5,14,500
F.A.B. : 50,000
Total Approximate Return at Maturity Time : 10,64,500
+
Life time Rs.5,00,000 risk cover.
Insurance Advicer
Rahul Chauhan : 9718971118/ Whatsapp:- 9555024622
Licagentrahul12@gmail.com
New Endowment Plan (814)
Product Summary : LIC New Endowment Plan (814) is a regular premium, non-linked, with profits Endowment Plan.
Premium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)
Term : 12 to 35 years
Minimum Entry Age : 8 Year Completed
Maximum Entry Age : 55 Year (Nearest Birthday)
Maximum Maturity Age : 75 Year
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :On Death : Sum Assured + Vested Bonus + FAB if any.,OR
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan : Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Proposal Form : 300/340/360 shall be used under this plan.
To,
Mr/Mrs : Customer
Plan : New Endowment Plan - 814
Age : 25
Term : 21
D.A.B. : 5,00,000
Sum Assured :5,00,000
1st year Premium With TAX 3.75% :
Yearly : 23,720 (22863 + 857)
Halfly : 11,987 (11554 + 433)
Quarterly : 6,057 (5838 + 219)
Monthly(ECS) : 2,019 (1946 + 73)
YLY Mode Average Prem/Day : 64
After 1st year Premium With TAX 1.875% :
Yearly : 23,292 (22863 + 429)
Halfly : 11,771 (11554 + 217)
Quarterly : 5,947 (5838 + 109)
Monthly(ECS) : 1,982 (1946 + 36)
YLY Mode Average Prem/Day : 63
Total Approximate Paid Premium : 4,89,560
Approximate Return at Maturity Time :
S.A. : 5,00,000
Bonus : 5,04,000
F.A.B. : 50,000
Total Approximate Return at Maturity Time : 10,54,000
Insurance Advicer
Rahul Chauhan : 9718971118/ Whatsapp: 9555024622
Licagentrahul12@gmail.com
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