Jeevan Kishore

Jeevan Kishore - Sample Presentation with Example

Jeevan Kishore

Proposer         : Mr. X                Age: 32 Years

Policy Holder : Mr. Y              Age: 0 Year.

Policy Amount: Rs.2,00,000/-

Policy Term: 20 yrs.

Premium Amounts:

Payment Mode	Premium
Yearly	Rs.9556 /-
Half Yearly	Rs.4858 /-
Quarterly	Rs.2469 /-

Maturity Benefits:

            On maturity of the policy the Sum Assured (Rs.2,00,000 /-) + Bonus + FAB, if any will be paid to the policy holder.

                                 

What is paid for 20 years		What your child gets
Yearly	Rs.1,91,120/- - T.B for 20 years	SA – 2,00,000 + Bonus – 1,68,000 ( estimated @ Rs.42  per 1000 SA for 26 years.)+  F.A.B, if any – Rs.44,000 (estimated @ Rs.220 per 1000 SA) = Rs.4,12,000.
Half Yearly	Rs.1,94,320/- - T.B for 20 years
Quarterly	Rs.1,97,520/- - T.B for 20 years

                                                                   

T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.

F.A.B – Final Additional Benefits.

Policy Holder will also be provided Premium Waiver Benefit in the given premium amount.

 

Komal Jeevan

Komal Jeevan 

Komal Jeevan

Features:

This is an excellent children money back policy with Guaranteed Addition that is highly useful for the higher education of the children balancing the inflation level.

• The premium amount has to be paid only up to the 18^th age of the child.
• Guaranteed Addition is provided at the rate of Rs.75/- per thousand Sum Assured.
• Full Sum Assured is returned in regular intervals after the 18^th age of the child so that it can be useful for the child’s higher education.

T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.

L.A – Loyalty Addition: Based on the experience of LIC this amount will be given.

G.A – Guaranteed Addition: This amount will be given definitely by LIC.          

                       

Policy Holder will also be provided Premium Waiver Benefit + Term Rider Benefit in the given premium amount.

Jeevan Chhaya

LIC's JEEVAN CHHAYA Free presentation

Jeevan Chhaya

Policy Features:

An excellent adult as well as children plan that can provide benefit for the whole family.



Maturity Benefits:

• 25% of the Policy Amount is given every year during the last 4 years of the maturity to the policyholder, if he is surviving.
• Policy loan and Housing loan can be taken during the premium paying term.

Death Benefits:

• The nominee can be your child and the appointee can be your spouse.
• In case of risk during the policy paying term the sum assured is given to the appointee and all the future premiums are waived off (no need to pay future premiums).
• The Premium Waiver Benefit is coming as a default in this policy.
• 25% of the Policy Amount is given every year during the last 4 years of the maturity to the nominee.

T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.


In addition to this the policy holder will also be provided Double Accident Benefit.

Amulya Jeevan

LIC's Amulya Jeevan features benefits premiums with example

 

Amulya Jeevan

Proposer:  Mr. X

Age:  37 years

Nominee:  Mr. Y

Policy Amount: 25 lacs.

Key Policy Features:

                This is a pure term assurance plan using which a person can secure his/her family in an economical way.    The policy amount can be paid either as regular premiums (yearly and half yearly) or as a single premium.

Benefits:

Maturity Benefits:

                There is no maturity benefits in this policy.

Death Benefits:

                The Sum Assured will be given to the nominee on his/her  death during the policy paying term.

Terms and Premiums:

Term: 5 years

Single Premium:                               Rs. 27,450 /-

Regular Premiums:

Mode	Premium	Total Premium Paid
Hly Yearly	Rs. 3,379 /- Rs. 6,625 /-	3379 x 10 = Rs. 33,790 /- 6625 x 5 = Rs. 33,125 /-

Term: 10 years

Single Premium:                               Rs. 51,525 /-

Regular Premiums:

Mode	Premium	Total Premium Paid
Hly Yearly	Rs. 3,697 /- Rs. 7,250 /-	3697 x 20 = Rs. 73,940 /- 7250 x 10 = Rs.72,500 /-

Term: 15 years

Single Premium:                               Rs. 78,150 /-

Regular Premiums:

Mode	Premium	Total Premium Paid
Hly Yearly	Rs. 4,233  /- Rs. 8,300 /-	4233 x 30 = Rs.1,26,990 /- 8300 x 15 = Rs.1,24,500 /-

New Bima Gold(179)

LIC New bima gold - excellent money back policy - Overview

In 2002 LIC announced New Bima Gold, the enhanced version of Bima Gold as a close ended plan. Now this plan is opened once again. The major advantages of this policy are

It is a money back policy.


Low premium high risk cover.


Unique extra life cover.


The only policy with the features of both extra life cover and money back.

Matuity Benefits of New Bima Gold:
New bima gold is a money back policy. The policy benefits will be returned in regular intervals. Amount will be returned to the policy holder every four years during the policy payment term. At the end of the policy payment term the total premiums paid less the money returned during the policy payment term plus the loyalty addition will be given to the policy holder. The extra premiums paid towards the rider premiums will nt be taken into account.

With new bima gold you are getting more than what you actially pay.