LIC India Consultant

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...

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...

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 ...

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...

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 ...

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...

Plan :Bima Bachat (916) Product Summary : Bima Bachat (916) Plan is a single premium, non-linked, with profits Money Back type Plan. Premium Payment Mode: Single Premium Term : 9 Year 12 Year 15 Year Minimum Entry Age : 15 Year Completed Maximum Age at Maturity: Term 9yr then 59yr (Nearest Birthday) Term 12yr then 62yr (Nearest Birthday) Term 15yr then 65yr (Nearest Birthday) Maximum Entry Age : 50 Year Completed Minimum Sum Assured : Term 9yr then 35,000 Term 12yr then 50,000 Term 15yr then 70,000 Maximum Sum Assured : NO LIMIT (Depending upon Income) Policy Benefits : On Death : During 1st five years policy years : Sum Assured only. After completion of five policy years : Sum Assured + Loyalty Addition, if any. On Survival : For Policy Term of 9 years : 15% of SA, after 3rd and 6th policy year. For Policy Term of 12 years : 15% of SA, after 3rd ,6th and 9th policy year. For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th and 12th policy year. At Maturi...

Plan :Jeevan Amar (855) Product Summary : JEEVAN AMAR plan number 855 is a Non-Linked, Without Profit, pure protection plan. Under this plan there is flexibility to choose from two death benefit options viz. Level Sum Assured and Increasing Sum Assured.   Under this plan, there are two categories of premium rates viz. (1) Non-Smoker rates and (2) Smoker rates. Premium Payment Mode: Premiums can be paid either under Regular Premium, Limited Premium or Single Premium payment options under this plan. In case of Regular and Limited Premium payment, the premium can be paid regularly during the Premium Paying Term with modes of premium payment yearly or half-yearly. Term : 10 to 40 Years Minimum Entry Age : 18 Years (Last Birthday) Maximum Entry Age : 65 Years (Last Birthday) Minimum Sum Assured : 25,00,000 Maximum Sum Assured : NO LIMIT Premium Paying Term : Policy Benefits : On Death : On death of the Life Assured during the policy term Sum Assured on Death...

Plan :Jeevan Shiromani (947) Product Summary : Jeevan Shiromani plan is a non-linked, with-profits, limited premium payment money back life insurance plan 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 : 18 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 1 crore (Multiple of 5 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 : On Death : Death during 5 yrs : SA on Death + ...

Plan :Jeevan Anand (915) Product Summary : New Jeevan Anand(915) 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 lump sum 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 Deathand vested Simple Revisionary ...

Plan :Jeevan Labh (936) Product Summary : Jeevan Labh Plan (936) 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 PPT : 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 7 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 at least two full year...

Plan :Jeevan Umang (945) Product Summary :  Jeevan Umang Plan (945) is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on death of the policyholder during the policy term. Premium Payment Mode: Yearly, Half Yearly, Quarterly, Monthly(ECS) Term :[100 - age entry] Year PPT : 15 year, 20 year, 25 year, 30 year Minimum Entry Age : [90]days (completed) Maximum Entry Age : 55 years (Nearest Birthday) for PPT = 15 50 years (Nearest Birthday) for PPT = 20 45 years (Nearest Birthday) for PPT = 25 40 years (Nearest Birthday) for PPT = 30 Minimum age at the end of the PPT :[30]years(Nearest Birthday) Maximum age at the end of the PPT :[70]years(Nearest Birthday) Age at Maturity :[100]years(Nearest Birthday) Minimum Sum Assured :2,00,000 Maximum Sum Assured :NO LIMIT (Depending upon Income) Maximum Accidental Death and Disabili...