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Updates found with 'rider premium'

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Updates found with 'rider premium'

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 :New Children�s Money Back (832)Product Summary :LIC�s New Children�s Money Back Plan is a non-linked, with-profits, regular premium payment money back planPremium Payment Mode:Yearly, Halfly, Quarterly, Monthly(ECS)Term :25 Age at Maturity TimeMinimum Entry Age : 0 Year Last BirthdayMaximum Entry Age : 12 Year Last BirthdayMinimum 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 premium's 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 Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where "Sum Assured on Death" is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death. On Survival :If Policy in full force :Completion Age 18YRS - 20% OF MSACompletion Age 20YRS - 20% OF MSACompletion Age 22YRS - 20% OF MSAOn Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FABSurrendered Value :The policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.Loan :Loan facility is available under this plan after the payment of premiums for atleast three 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 :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 :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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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 :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 certainterms 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 thru 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, HalflyMinimum Entry Age :• 20 Years (completed)Maximum Entry Age :• 65 Years (last birthday)Minimum Policy Term :10 yearsMaximum Policy Term :30 yearsMinimum Sum Assured :• Rs.10, 00, 000Maximum Sum Assured :• Rs.50, 00, 000Basic S.A. shall be in multiple of Rs.1, 00, 000Minimum & Maximum cover ceasing age :50 years & 75 yearsMinimum Premium Rs.2400 p.a. for all modes.Policy Benefits :A. Early stage cancer :Payable once for the 1st ever eventi. Lumpsum 25% of applicable Sum Assured payable andii. Next 3 years premiums waived.B. Major Stage Cancer :i. Lumpsum 100% of applicable Sum Assured payable minus any claim paid for A above if any.ii. 1% of applicable Sum Assured guaranted payable for next 120 months. ANDiii. Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.Surrendered Value :No surrender value will be available under the policy.Loan :No loan will be available under the policy.
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Plan :Jeevan Akshay VI(189)Product Summary :LIC Jeevan Akshay VI (189) is an immediate annuity plan that can be bought by paying a lumpsum as Single Premium. Pension will start immediately after buying the policy.Various options are available for the type and mode of payment of annuities. But once chosen, it can not be changed.Premium Payment Mode:Single PremiumAnnuity Mode: • Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of AnnuityMinimum Entry Age :30 Year Completed Maximum Entry Age :• 100 Year Last Birthday for option '[F] Annuity for life with return of purchase price on death' • 85 Year Last Birthday For all anuity option other than option 'F' Minimum Sum Assured :• Rs.1, 00, 000/- for all distribution channels except online.• Rs.1, 50, 000/- for on line sale. Maximum Sum Assured :NO LIMITAnnuity Option :i) Annuity for lifeii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafteriii) Annuity for life with return of purchase price on deathiv) Annuity for life increasing at a simple rate of 3% p.a.v) Annuity for life with a provision for 50% of the annuity to the spouse of the annuitant for life on death of the annuitant.vi) Annuity for life with a provision for 100% of the annuity to the spouse of the annuitant for life on death of the annuitant.vii) Annuity for life with a provision of 100% of the annuity payable to spouse during his/her life time on death of annuitant with return of purchase price on the death of last survivor.Policy Benefits :On Death :(a) Under option (i) - payment of annuity ceases.(b) Under option (ii)i. On death during the guarantee period - annuity is paid to the nominee till the end of the guaranteed period after which the same ceases.ii. On death after the guarantee period - payment of annuity ceases.(c) Under option (iii) - payment of annuity ceases and the purchase price is returned to the nominee.(d) Under option (iv) - payment of annuity ceases.(e) Under option (v) - payment of annuity ceases and 50% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.(f) Under option (vi) - payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.(g) Under option (vii) - payment of annuity ceases. 100% of the annuity is paid to the surviving named spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, the annuity ceases and purchase price is paid to the nominee. The amount of annuity shall be assured throughout the period for which it is payable.Surrendered Value :Surrender shall be allowed after completion of atleast one policy year from date of commencement of policy only for Annuity Option 'F - Annuity for life with return of purchase price' in some circumstances.Loan :No loan will be available under the policy.Income Tax Benefit :• Premium paid under this plan is eligible for TAX rebate under section 80c.• Pension that is received is taxable.Proposal Form 440 (IA) shall be used under this plan.
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