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LIC's Child Money Back (932)

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Plan :Child Money Back (932) Product Summary : New Childrens Money Back Plan is a non-linked, with-profits, regular premium payment money back plan. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 25 Age at Maturity Time Minimum Entry Age : 0 Year Last Birthday Maximum Entry Age : 12 Year Last Birthday Minimum Sum Assured : 1,00,000 Maximum Sum Assured : NO LIMIT (Depending upon Income) Policy Benefits : On Death : On death Before the Date of Commencement of Risk: An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable. On death After the Date of Commencement of Risk: Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 7 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death ...
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LIC's Cancer Cover (905)

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Plan :Cancer Cover (905) Product Summary : This is non-linked, regular premium payment health insurance plan which provides fixed benefit in case life assured is diagnosed with any of the specified early and/or major stage cancer during the policy term, subject to certain terms and conditions. The plan has two benefit options which have to be chosen by the proposer at the outset. Option 1: Level Sum Insured : The Basic Sum Assured remains same through out the term. Option 2: Increasing Sum Insured : 10% increase in Sum assured for 1st 5 years or till diagnosis of specified cancer. Premium Payment Mode: Yearly, Halfly Minimum Entry Age : • 20 Years (completed) Maximum Entry Age : • 65 Years (last birthday) Minimum Policy Term : 10 years Maximum Policy Term : 30 years Minimum Sum Assured : • Rs.10,00,000 Maximum Sum Assured : • Rs.50,00,000 Basic S.A. shall be in multiple of Rs.1,00,000 Minimum and Maximum cover ceasing age : 50 years and 75 years Minimum Premium...
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LIC's Single Premium Endowment (917)

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Plan :Single Premium Endowment (917) Product Summary : Single Premium Endowment Plan (917) 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 Facility 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 sha...
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LIC's New Money Back 20 Years (920)

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Plan :20Year Money Back (920) Product Summary : This is a limited premium payment, non-linked, with profits Money Back Plan. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 20 Year PPT : 15 Year Minimum Entry Age : 13year Completed Maximum Entry Age : 50year (Nearest Birthday) Maximum Maturity Age : 70 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 on Death + Vested Bonus + FAB if any. Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium. Death Benefit shall not be less than 105% of total premiums paid as on date of death. The premiums exclude taxes, extra premium and rider premiums. On Survival : 20% of Basic SA is payable after 5th, 10th and 15th year of policy. Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any. Surrendered Value : The policy ...
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LIC's New Money Back 25 Years (921)

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Plan :25Year Money Back (921) Product Summary : This is a limited premium payment, non-linked, with profits Money Back Plan. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 25 Year PPT : 20 Year Minimum Entry Age : 13year Completed Maximum Entry Age : 45 Year (Nearest Birthday) Maximum Maturity Age : 70 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 on Death + Vested Bonus + FAB if any. Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium. Death Benefit shall not be less than 105% of total premiums paid as on date of death. The premiums exclude taxes, extra premium and rider premiums. On Survival : 15% of Basic SA is payable after 5th, 10th, 15th and 20th year of policy. Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any. Surrendered Value : The...
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LIC's Jeevan Tarun (934)

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Plan :Jeevan Tarun (934) Product Summary : Jeevan Tarun Plan is non-linked, with-profits, Limited premium payment plan specially designed to meet the educational and other needs of growing children. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 25 Age at Maturity Time [25-Age at entry]Years PPT : [20-Age at entry]Years Minimum Entry Age : 0 Year Last Birthday Maximum Entry Age : 12 Year Last Birthday Minimum Sum Assured : 75,000 Maximum Sum Assured : NO LIMIT (Depending upon Income) Policy Benefits : On Death : On death Before the Date of Commencement of Risk: An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable. On death After the Date of Commencement of Risk: Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 7 times of ...
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LIC's Bima Shree (948)

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Plan :Bima Shree (948) Product Summary : Bima Shree plan is a non-linked, with-profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakh especially designed for targeted segment of High Net-worth Individuals. Premium Payment Mode : Yearly, Halfly, Quarterly, Monthly(ECS) Term/Ppt : 14/10, 16/12, 18/14 and 20/16 Years Minimum Entry Age : 8 Years completed Maximum Entry Age : 55 Years (Nearer Birthday) for Term 14 51 Years (Nearer Birthday) for Term 16 48 Years (Nearer Birthday) for Term 18 45 Years (Nearer Birthday) for Term 20 Maximum Maturity Age : 69 Years (Nearer Birthday) for term 14 67 Years (Nearer Birthday) for term 16 66 Years (Nearer Birthday) for term 18 65 Years (Nearer Birthday) for term 20 Minimum Sum Assured : Rs 10 lakh (Multiple of 1 lakhs thereafter) Maximum Sum Assured : No Limit Guaranteed Addition : Rs 50/- per 1000 SA for 1st 5 years Rs 55/- per 1000 SA for remaining PPT Policy Benefits : O...
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