Jeevan Akshay

Jeevan Akshay is an Immediate Annuity plan, which offers a stated amount throughout the life time of the annuitant. Mode of Annuity payments can be paid in yearly, half-yearly, quarterly or monthly. In case of monthly Rs 6,000, for Quarterly and half-yearly Rs 4,000 and for yearly Rs. 3000 are the following mode of annuity paid.  On death during the guarantee period annuity will be paid to the nominee till the end of the guarantee period. On death after the guarantee period payment for annuity will cease. Eligibility conditions for this plan are that Minimum age at entry will be 40 years and Maximum age at entry is 79 years.

Bima Bachat (175)

Bima Bachat LIC Policy (Plan No. 175)


LIC’s Bima Bachat is a money-back policy which offers financial security and assurance to the policy holder and his family.

Bima Bachat requires the policy holder to pay only one premium.

This is a very good Single Premium Plan with Risk Cover of 9/12/15 years with Money Backs.


RISK COVER = Premium Paid (Single) for example 50,000 then Risk Cover is 50,000


BENEFITS:

For a term of 9 years: The policy holder will receive 15% of the sum assured at the end of every 3rd and 6th policy year.

For a term 12 years: The policy holder will receive 15% of the sum assured at the end of every 3rd, 6th and 9th policy year.

For a term 15 years: The policy holder will receive15% of the sum assured at the end of every 3rd, 6th, 9th and 12th policy year.


This is the only money-back policy that offers a LOAN facility. The rate of interest is 9% p.a. payable half-yearly.


MATURITY : If the policy holder outlives the duration of the policy, at the time of maturity, a single premium payment (excluding extra premium) is made along with loyalty additions, if any.


SURRENDER available only after completion of at least one policy year.


It also offers other benefits like GRACE period and REVIVAL.


· The person applying for the policy should have completed 15 years and should not be older than 66 years.

· The policy requires the holder to pay a single premium.· There is a choice of three terms to choose from (9, 12 and 15 years) for the policy depending on the age and requirement of the applicant.

· The minimum sum that needs to be assured is Rs 20,000/- and there is no limit on the amount that can be assured.


Waiting for your queries,

Kushal Borkhatariya
LIC of india 
+91 9275042150
Vadodara Division 
kushal.borkhatariya@gmail.com

Jeevan Ankur(807)

Jeevan Sanjivani

Jeevan Tarang (178)

Policy key features:

                This is one of the very novel plans of LIC.  This is a whole life plan which provides annual survival benefits at the rate of 5.5% of the Sum Assured (Policy Amount) for the life time after one year from the chosen accumulation period.  Therefore for 5 lacs an amount of Rs. 27,500/- will be returned every year.

                Policy can be paid as regular premiums under Yearly, Half yearly, Quarterly and Monthly.  This policy has a special feature so that the policy paying term can be reduced to 6 years.  Premium can also be paid as single premium .

Note:  Accident benefit cannot be availed under single premium

Benefits:

Survival Benefits:

Bonus will be paid in one lumpsum and at the end of the policy term and after one year, 5.5% of the Sum Assured will be payable till the 100 years of the Life Assured.  This is the highlight of this plan that can make a person’s  retirement period safe and secured.

Maturity Benefits:

                Sum Assured along with Loyalty Addition, if any will be payable to the policy holder during his 100 years of age.

Death Benefits:

è Sum Assured +vested Bonus is payable in case of death of the Life Assured during policy term (accumulation period).

è Sum Assured + Loyalty Addition, if any, is payable if Life Assured dies any time after policy term.

Jeevan Anand (149)

LIC Jeevan Anand

Jeevan Anand is one of the super hit policies of LIC. An excellent option for the people who wants to secure their own life and make something for their family or children on their death. This is a double cover policy.

What is the unique feature of Jeevan Anand that makes everyone like it?

If a person takes Jeevan Anand policy for 10 lacs for a period of 20 years and if his current age is 30 years then he will get an amount of 10 lacs + bonus at the age of 50. This is happening in most of the insurance plans but what is special about Jeevan Anand?

As told before Jeevan Anand is a double cover plan. After the policy premium payment period also the risk cover continues. If the policy holder dies after the policy paying period the nominee will be provided 10 lac rupees. If the policy holder died because of accident then the nominee will be provided an amount of 20 lac rupees. This DAB (Double Accident Benefit) facility amount is provided if the policy holder opts to take the DAB rider while taking the policy. In Jeevan Anand this DAB benefit is applicable till age 70 of the policy holder after the premium paying term. After age 70 if the policy holder dies his nominee will be given an amount of rupees 10 lacs. Checkout for a free sample presentation with an example in the future posts.

Bima Account (I & II)

Jeevan Saral(165)

• This is a Premium based policy rather than sum assured based policy.  The premium amount can be chosen by the policy holder.
• Here the Maturity Sum Assured is calculated based on the premium paid. 
• This policy comes with the facility of unit linked policies. 
• Partial withdrawals are allowed after three years of payment.
• Auto Cover facility is provided after three years of payment.
• Attractive surrender value.