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Plan :New Children�s
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 plan Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 25 Age at Maturity Time Minimum Entry Age : 0 Year Last Birthday Maximum Entry Age : 12 Year Last Birthday Minimum 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 MSA Completion Age 20YRS - 20% OF MSA Completion Age 22YRS - 20% OF MSA On Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FAB Surrendered 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 :Cancer Cover (
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, Halfly Minimum Entry Age : • 20 Years (completed) Maximum Entry Age : • 65 Years (last birthday) Minimum Policy Term : 10 years Maximum Policy Term : 30 years Minimum Sum Assured : • Rs.10, 00, 000 Maximum Sum Assured : • Rs.50, 00, 000 Basic S.A. shall be in multiple of Rs.1, 00, 000 Minimum & Maximum cover ceasing age : 50 years & 75 years Minimum Premium Rs.2400 p.a. for all modes. Policy Benefits : A. Early stage cancer : Payable once for the 1st ever event i. Lumpsum 25% of applicable Sum Assured payable and ii. 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. AND iii. 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 :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 Years Minimum Entry Age : 8 Years completed Maximum Entry Age : 55 Years (Nearer Birthday) for Term 14 51 Years (Nearer Birthday) for Term 16 48 Years (Nearer Birthday) for Term 18 45 Years (Nearer Birthday) for Term 20 Maximum Maturity Age : 69 Years (Nearer Birthday) for term 14 67 Years (Nearer Birthday) for term 16 66 Years (Nearer Birthday) for term 18 65 Years (Nearer Birthday) for term 20 Minimum Sum Assured : Rs 10 lakh (Multiple of 1 lakhs thereafter) Maximum Sum Assured : No Limit Guaranteed Addition : Rs 50/- per 1000 SA for 1st 5 years Rs 55/- per 1000 SA for remaining PPT Policy Benefits : On Death : Death during 5 yrs : SA on Death + GA Death after 5 yrs : SA on Death + GA + LA *SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums Paid Survival Benefits : For 14 yrs policy : 30% of BSA in 10th & 12th year For 16 yrs policy : 35% in 12th & 14th year For 18 yrs policy : 40% in 14th & 16th year For 20 yrs policy : 45% in 16th & 18th year Maturity 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 Years Minimum Entry Age : 18 Years completed Maximum Entry Age : 55 Years (Nearer Birthday) for Term 14 51 Years (Nearer Birthday) for Term 16 48 Years (Nearer Birthday) for Term 18 45 Years (Nearer Birthday) for Term 20 Maximum Maturity Age : 69 Years (Nearer Birthday) for term 14 67 Years (Nearer Birthday) for term 16 66 Years (Nearer Birthday) for term 18 65 Years (Nearer Birthday) for term 20 Minimum Sum Assured : Rs 1 crore (Multiple of 5 lakhs thereafter) Maximum Sum Assured : No Limit Guaranteed Addition : Rs 50/- per 1000 SA for 1st 5 years Rs 55/- per 1000 SA for remaining PPT Policy Benefits : On Death : Death during 5 yrs : SA on Death + GA Death after 5 yrs : SA on Death + GA + LA *SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums Paid Survival Benefits : For 14 yrs policy : 30% of BSA in 10th & 12th year For 16 yrs policy : 35% in 12th & 14th year For 18 yrs policy : 40% in 14th & 16th year For 20 yrs policy : 45% in 16th & 18th year Maturity time : Remaining SA with GA + LA Inbuilt 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 :Jeevan Umang(8
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, 000 Maximum 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 payable On 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, OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death On Survival : On survival 8% of Basic Sum Assured shall be payable each year Surrendered 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 :Jeevan Lakshya
Plan :Jeevan Lakshya (833) Product Summary : This is a limited premium paying term conventional With-Profits Endowment Assurance plan wherepremium paying term is less than policy term by three years. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 13 to 25 Years PPT* : (Policy Term - 3) Years Minimum Entry Age : 18Years Completed Maximum Entry Age : 50Years (Nearest Birthday) Maximum Maturity Age : 65 Year (Nearest Birthday) Minimum Sum Assured : 1, 00, 000 Maximum Sum Assured : NO LIMIT (Depending upon Income) Maximum Accidental Death and Disability Benefit Rider up to age 65. Policy Benefits : On Death : Benefits payable on death: Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner. Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity) Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity) Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity) On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any. Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid. Loan : Available after payment of premium of 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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