Life insurance plan
All information are about life insurance policy related topics and their future reference
मंगळवार, १० सप्टेंबर, २०२४
एलआयसी जीवन लाभ प्लॅन नंबर : 936
एलआयसी जीवन उमंग योजन
कन्यादान पोलिसी
सोमवार, ११ डिसेंबर, २०२३
एलआयसी जीवन लक्ष्य योजन
शुक्रवार, १ डिसेंबर, २०२३
Jeevan Utsav 871
सोमवार, २५ सप्टेंबर, २०२३
रविवार, ३ सप्टेंबर, २०२३
Children plan (Jeevan Tarun 934)
Jeevan Tarun (934)
Product Summary: Jeevan Tarun plan is a non-linked, with profits,Limited premium payment plan specially designed to meet the educational expenses and other needs of growing children.
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: 25 - Age at entry
Minimum Age at Entry: 0 Year Year last birthday
Maximum Age at Entry: 12 Year (Last Birthday)
Maximum Maturity Age: Not applicable
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: No Limit (Subject To (Other Conditions))
Riders Available No riders for life assured but Premium Waiver Benefit (PWB) available for proposer.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: On death before date of commencement of risk : An amount equal to the total amount of premiums paid excluding, extra premium and rider premium, if any shall be payable. On death after the date of commencement of risk: Sum Assured on death(125% of Sum assured) + vested Simple Reversionary Bonus and Final Additional Bonus (if any).
On Survival: Option is to be chosen at the time of joining of the policy. Option-1: No Survival Benefit and 100% SA at maturity. Option-2: 5% of Sum Assured every year for 5 years from age 20 to 24 and 75% Sum Assured at the time of maturity. Option-3: 10% of Sum Assured every year for 5 years from age 20 to 24 and 50% Sum Assured at the time of maturity. Option-4: 15% of Sum Assured every year for 5 years from age 20 to 24 and 25% Sum Assured at the time of maturity.
Surrender Value: Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan: Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit: Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form Form No 300.
Children plan( Single Premium Endowment 917)
Single Premium Endowment (917)
Product Summary: Single premium ,non-linked, with profits endowment plan.
Premium Payment Mode: Single premium
Term: 10 to 25 years
Minimum Age at Entry: 90 days completed
Maximum Age at Entry: 65 Year (Nearest birthday)
Maximum Maturity Age: 75 Year
Minimum Sum Assured: Rs.50000
Maximum Sum Assured: No Limit (Subject to other conditions)
Riders Available Nil
Accidental Death and Disability Benefit (ADDB): Not available
On Death: On Death after commencement of risk : Sum Assured + Vested Bonus + Final Addition Bonus(FAB) if any and on death before commencement of risk, return of single premium excluding taxes and extra premium.
On Survival: Sum Assured + Vested Bonus + Final Addition Bonus(if any).
Surrender Value: Policy can be surrendered at any time during the policy term provided the premium cheque has been realized.
Loan: Loan can be availed at any time during the policy term after completion of one full year from the inception of policy.
Income Tax Benefit: Premium paid under the policy is eligible for Tax rebate under section 80C up to 10 % of Sum Assured.
Proposal Form Form No 300 for major lives and Form No 360 for minor lives.
Childrens Money Back 932
Childrens Money Back (932)
Product Summary: Childrens Money Back plan is a regular premium, non linked childrens plan, to help planning for the eduaction and or marriage of children
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: 25 - age at entry
Minimum Age at Entry: 0 Year last birthday
Maximum Age at Entry: 12 year last birthday
Maximum Maturity Age: Not applicable
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: No Limit (Subject to other conditions)
Riders Available No riders for life assured but Premium Waiver Benefit (PWB) available for proposer.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: On death before date of commencement of risk : An amount equal to the total amount of premiums paid excluding, extra premium and rider premium, if any shall be payable. On death after the date of commencement of risk: Sum Assured on death + vested Simple Reversionary Bonus and Final Additional Bonus (if any).
On Survival: On completion of age 18 Years - 20% of Maturity Sum Assured. On completion of 20 years of age - 20% of sum assured. On completion of 22 years of age 20% of sum assured, On Maturity at age 25 years 40% of Maturity Sum Assured + FAB.
Surrender Value: Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan: Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit: Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form Form No 360 + 300 if premium waiver benefit is opted.
New Jeevan Shanti 858
New Jeevan Shanti (858)
Product Summary: New Jeevan Shanti (858) is a non-linked, non-participating, single premium deferred annuity plan. Policy holder can choose between Single Life or Joint life annuity and maximum deferment period allowed is 12 years.
Premium Payment Mode: Single premium only.
Annuity mode Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Minimum Age at Entry: 30 Year completed
Maximum Age at Entry: 79 Years. (With maximum vesting age 80 Years)
Annuity Options Deferred annuity two options (1. Single Life 2. Joint Life).
Minimum Purchase Price: Rs. 1,50,000
Deferment Period 1 year to 12 Years
Joint annuity Close Relatives (Grand parents, Parents, Children, Grand Children, Spouse or Siblings.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price)
On Survival: Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Surrender Value: Surrender allowed any time during the term of the policy.
Loan: Loan available after 3 months from the date of completion of the policy.
Income Tax Benefit: Tax benefit on premium available u/s 80CCC of IT Act.
Proposal Form Special form for Jeevan Shanti. Form No 441
Jeevan Akshay VII - 875
Jeevan Akshay VII - (857)
Product Summary: Jeevan Akshay VII (857) is a Single Premium, Non Linked, Non Participating, Immediate annuity(pension scheme) plan.
Premium Payment Mode: Single Premium
Term: Single Premium with life long annuity benefits.
Minimum Age at Entry: 30 Years completed
Maximum Age at Entry: 100 Years (LBD) for option F and 85 Years (LBD) for all other options.
Premium paying term: Single premium
Minimum Purchase Price: 1,00,000 (other than Divyanjan where min purchase price is 50,000.
Maximum Purchase Price: No Limit
Riders Available Nil
Accidental Death and Disability Benefit (ADDB): Nil
On Death: Option A: Annuity stops on death. Option( B - E): Pension paid till the end of the guaranteed period. Option F : Entire purchase price paid back. Option H: 50% of annuity continued till the death of the second annuitant. Option I: 100% of annuity continued till the death of the second annuitant. Option J: 100% Pension continued for the life of second annuitant and full purchase price paid back on the death of the second annuitant.
On Survival: Annuity paid for life irrespective of the option.
Surrender Value: Surrender allowed 3 months after completion of the policy under options F and J.
Loan: Loan allowed 3 months after completion of the policy under options F and J.
Income Tax Benefit: Income Tax benefits not available.
Proposal Form Form No 440
Life insurance plan
All information are about life insurance policy related topics and their future reference
एलआयसी जीवन लाभ प्लॅन नंबर : 936
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