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Updates found with 'risk exposures'

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Updates found with 'risk exposures'

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 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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