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Updates found with 'money back plan'

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Updates found with 'money back plan'

Plan :Jeevan Umang(845)Product Summary :LIC's Jeevan Umang Plan (845) 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 sumpayment at the time of maturity or on death of the policyholder during the policy term.Premium Payment Mode:Yearly, Halfly, 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, 000Maximum Sum Assured :NO LIMIT (Depending upon Income)Maximum Accidental Death and Disability Benefit Rider up to age 70. Maximum Accidental Benefit Rider shall be available during the ppt only.Policy Benefits :On Death :On death before the commencement of Risk: An amount equal to the total amount of premium/s paid without intrest shall be payableOn death after commencement of Risk: 'Sum Assured on Death'+vested simple reversionary Bonus + FAB if any. Where 'Sum Assured on Death' is defined as the highest of Basic Sum-Assured, OR10 times of Annualized Premium, OR 105%of all Premiums paid as on deathOn Survival :On survival 8% of Basic Sum Assured shall be payable each yearSurrendered 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).
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Plan :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 CompletedMaximum Entry Age :50 Year (Nearest Birthday)Maximum Maturity Age : 75 YearMinimum Sum Assured : 1, 00, 000Maximum 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 AssuredOn 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 surrenderedLoan :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).
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Plan :Jeevan Shiromani (847)Product Summary :LIC's 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 & 20/16 YearsMinimum Entry Age :18 Years completedMaximum Entry Age :55 Years (Nearer Birthday) for Term 1451 Years (Nearer Birthday) for Term 1648 Years (Nearer Birthday) for Term 1845 Years (Nearer Birthday) for Term 20Maximum Maturity Age :69 Years (Nearer Birthday) for term 1467 Years (Nearer Birthday) for term 1666 Years (Nearer Birthday) for term 1865 Years (Nearer Birthday) for term 20Minimum Sum Assured :Rs 1 crore (Multiple of 5 lakhs thereafter)Maximum Sum Assured :No LimitGuaranteed Addition :Rs 50/- per 1000 SA for 1st 5 yearsRs 55/- per 1000 SA for remaining PPTPolicy Benefits :On Death :Death during 5 yrs : SA on Death + GADeath after 5 yrs : SA on Death + GA + LA*SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums PaidSurvival Benefits :For 14 yrs policy : 30% of BSA in 10th & 12th yearFor 16 yrs policy : 35% in 12th & 14th yearFor 18 yrs policy : 40% in 14th & 16th yearFor 20 yrs policy : 45% in 16th & 18th yearMaturity time : Remaining SA with GA + LAInbuilt Critical Illness Benefit:10% of BSA on diagnosis of 15 Critical diseases + Premium is deferred for 2 Years w/o interest.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 1 full years.
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Plan :Bima Shree (848)Product Summary :LIC's 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 & 20/16 YearsMinimum Entry Age :8 Years completedMaximum Entry Age :55 Years (Nearer Birthday) for Term 1451 Years (Nearer Birthday) for Term 1648 Years (Nearer Birthday) for Term 1845 Years (Nearer Birthday) for Term 20Maximum Maturity Age :69 Years (Nearer Birthday) for term 1467 Years (Nearer Birthday) for term 1666 Years (Nearer Birthday) for term 1865 Years (Nearer Birthday) for term 20Minimum Sum Assured :Rs 10 lakh (Multiple of 1 lakhs thereafter)Maximum Sum Assured :No LimitGuaranteed Addition :Rs 50/- per 1000 SA for 1st 5 yearsRs 55/- per 1000 SA for remaining PPTPolicy Benefits :On Death :Death during 5 yrs : SA on Death + GADeath after 5 yrs : SA on Death + GA + LA*SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums PaidSurvival Benefits :For 14 yrs policy : 30% of BSA in 10th & 12th yearFor 16 yrs policy : 35% in 12th & 14th yearFor 18 yrs policy : 40% in 14th & 16th yearFor 20 yrs policy : 45% in 16th & 18th yearMaturity time : Remaining SA with GA + LA Lic's New Critical Illness Benefit Rider available. Lic's Premium Waiver Benefit Rider available.Surrendered Value :The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.Loan :Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.
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Pradhan Mantri Awas Yojana- Housing for All (Urban)At the slum decadal growth rate of 34%, the slum households are projected to go upto 18 million. 2 million non-slum urban poor households are proposed to be covered under the Mission. Hence, total housing shortage envisaged to be addressed through the new mission is 20 million.The Mission is being implemented during 2015-2022 and provides central assistance to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:In-situ Rehabilitation of existing slum dwellers using land as a resource through private participationCredit Linked SubsidyAffordable Housing in PartnershipSubsidy for beneficiary-led individual house construction/enhancement.Credit linked subsidy component is being implemented as a Central Sector Scheme while other three components as Centrally Sponsored Scheme (CSS).All statutory towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.In the spirit of cooperative federalism, mission provides flexibility to the States for choosing the best options amongst four verticals of mission to meet the demand of housing in their states. Process of project formulation and approval in accordance with the mission Guidelines has been left to the States so that projects can be formulated, approved and implemented fasterA Technology Sub-Mission under the Mission has been set up to facilitate adoption of modern, innovative and green technologies and building material for faster and quality construction of houses. Technology Sub-Mission also facilitates preparation and adoption of layout designs and building plans suitable for various geo-climatic zones. It will also assist States/Cities in deploying disaster resistant and environment friendly technologies.
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Implementation Methodology 4.1 The credit linked subsidy will be available only for loan amounts indicated in paragraph 3.1 above for a tenure of 20 years or during tenure of loan whichever is lower. Additional loans beyond the aforementioned specified limit, if any, will be at non-subsidized rate. 4.2 Interest subsidy will be credited upfront to the loan account of beneficiaries through 2 As per definitions for the purpose of the Scheme 3 Credit Linked Subsidy Scheme for MIG – Operational Guidelines Ministry of Housing and Urban Poverty Alleviation Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Installment (EMI). 4.3 Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been identified as Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the progress. Ministry may notify other institutions as CNA in future. 4.4 Primary Lending Institutions (PLIs), identified as Scheduled Commercial Banks, Housing Finance Companies, Regional Rural Banks, State Cooperative Banks, Urban Cooperative Banks, Small Finance Banks3 , Non Banking Financial Company – Micro Finance Institutions (NBFC MFIs)4 or any other institution as may be identified by the Ministry, can register only with one of the CNAs by signing MOU for CLSS for MIG as provided in Annexure 1. 4.5 The Primary Lending Institutions (PLIs) that have signed MoU with the CNAs under the existing CLSS vertical (now to be treated under CLSS for EWS/LIG), of Pradhan Mantri Awas Yojana (Urban) Mission, will be given the option to extend the mandate of their MoU5 to CLSS for MIG. 4.6 Primary Lending Institutions, in the home loan applications, shall disclose transparently the Scheme eligibility and ascertain willingness and eligibility of applicants under CLSS for MIG. 4.7 CNAs will be responsible for ensuring proper implementation and monitoring of the scheme and will put in place appropriate mechanisms for the purpose. CNAs will provide periodic monitoring inputs to the Ministry of Housing and Urban Poverty Alleviation through regular monthly and quarterly reports, as decided by Mission Directorate (Annexure 2). 4.8 Primary Lending Institutions (PLIs) shall link the details of Aadhaar number(s) of beneficiary family to avoid duplication before submitting claims to CNAs. 4.9 Preference under the Scheme, subject to beneficiaries being from MIG segments, may be given to women (with overriding preference to widows, single working women), persons belonging to Scheduled Castes/Scheduled Tribes/Other Backward Classes, Persons with disabilities and Transgender.
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