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Most Popular & Limited Premium, Combination of Protection and Savings Best Non-Linked, With Benefit Policy UIN: 512N304V02 (Plan No. 936) Endowment Plan This plan provides financial support to the family in case of unfortunate death of the policyholder at any time before maturity and a lump sum at the time of maturity to the surviving policyholder. The plan also takes care of liquidity needs through its credit facility. Terms Minimum age at entry: 8 years (end) Discount below maximum age at entry: Income Tax 59 years (NBD) for policy period 16 years 54 years (NBD) for policy period 21 years 50 years (NBD) for 25 years Section 80 (c) Maximum Maturity: 75 Years (NBD) and Policy Period/Tax Free Premium Repayment Period (PPT) Policy Period Policy Period Income Tax Maturity 16 Years 10 Years 21 Years 15 Years 25 Years 16 Years Minimum Sum Assured: Rs 2,00,000 (In multiples of Rs 10,000 thereafter) Section Maximum Sum Assured: No Limit ❖ Risk Cover: Equal 10 (10D): Date of Application for Secondary Policy 18 years and above: Premium Payment Mode: Annual / Half-yearly / Quarterly / NACH and SSS Rebates Annual: 2% on table premiums Semi-annual: 1% on table premium Rebates of Rs. 2,00,000 to Rs. 4, 90, 000: Any sum assured above Rs. 5,00,000 to Rs. 9,90,000: Rs 1-25 (per 1000 BSA) from Rs. 10,00,000 to Rs. 14, 90, 000: Rs.1-50 (for 1000 BSA) from Rs. 15,00,000 and thereafter: Rs. 1-75 (per 1000 BSA) Facilities: Loan, Waiver Premium Rider, Accidental Death and Disability Benefit Rider, (ADDB), Fixed Term Rider, Accident Benefit Rider, Critical Illness Rider, GSV, Benefits Special Issue Value, Revival, No Assignment etc.: Death Benefit: In case of death during the policy period: Option to draw death benefit in installments Sum assured on death + bonus + final additional bonus, if any (death benefit, is defined as: 7 times the annual premium / 125% of the basic sum assured / less than 105% of the total premium paid on the date of death, whichever is higher). Maturity Benefit: Sum Assured at Maturity + Bonus + Settlement Option for Final Post Bonus Maturity Benefits. Example: Age 35 years Insurance period: 16 years PPT: 10 years Insurance period: 21 years PPT: 15 years Insurance period: 25 years PPT: 16 years 10, 00, 000 5, 00, 00,00 000, 000, 000 , 000 2 . . 87, 00, 03 97, 400 12, 50, 000 6, 25, 000 2, 50, 000 Final Additional Bonus 8, 64, 133, 53 3, 75, 496 1, 00, 000 50, 000 0, 0, 0, 0, 25, 000 90, 000 TOTAL Maturity Tax Free – (tax free) 10, 00, 000, 0, 000, 0, 000 6, 88, 000 3, 44, 000 1, 37, 600 05, 05 5, 000 17, 13, 000 8, 56, 500 3, 42, 0, 807, 07, 04 500 4, 17, 400 27, 00, 000 13, 50, 000 0, 0 More details provide training material from LIC Agent / Development Officer / CLIA / Nearest Branch. For internal circulation only. 1 www.licindia.in IRDAI Regn. No. 512
Life Insurance Corporation Term Plan
UIN: 512N315V02 (Plan No. 947) Minimum Age at Entry: 18 Years (Ended) Eligibility Conditions Maximum Age at Entry: 55 Years Max. Age at Entry Max. Minimum Sum Assured for Adults: Rs. 1 million Maximum Sum Assured: No limit 14 years 55 years (ANB) 69 years (ANB) (then in multiples of Rs 5 million) 16 years 51 years (ANB) 67 years (ANB) Regime: 18 years 48 years (ANB) 66 years (ANB) Annual / Semi-annual / Quarterly / NACH and SSS 20 years 45 years (ANB) 65 years (ANB) Special attraction assistance ✦ Option to defer payment of life benefit with ❖ 1 Sum Assured 5 years: Death + Accumulated Guaranteed additions an increased survival payment due at any time. ❖ After 5 years: Sum assured on death + Accumulated guaranteed increments + ✦ Option of settlement: Take over any loyalty pension in the amount due. In installments of 5, 10 or 15 years. (Death Benefit, defined as: 7 times the annual premium / 125% ✦ Option to receive death benefits in 5, 10 or 15 years Basic Sum Assured / Less than 105% of all premiums paid on the date of death, whichever is higher) . Payment. The loan is available after 1 year. BENEFITS OF INHERENT CRITICAL CIRCUMSTANCES Upon first diagnosis of any of the 15 critical disorders* as specified in the policy, the following benefits will be available. (*see circle for details) a) Plan rate benefit: 10% of the sum assured. b) Option to defer payment of insurance premiums for 2 years. c) The possibility to get a second medical opinion. List and definition of 15 critical illnesses covered by this benefit 1) Cancer of specified severity 2) Open chest CABG 3) Myocardial infarction 4) Kidney failure requiring regular dialysis 5) Major organ/bone marrow transplant (as recipient) 6) Cerebrovascular event with persistent symptoms 7) Permanent limb paralysis 8) Multiple sclerosis with persistent symptoms 9) Aortic surgery 10) Primary (idiopathic) pulmonary hypertension 11) Alzheimer’s disease/dementia 12) Blindness 13) 3rd degree burns 14) Open heart valves OR CORRECT 15) Survival and Maturity Benefits of Healthy Brain Tumor Under LIC Jeevan Shiromani Plan: 947 Survival and Maturity Benefits as % of Basic Sum Assured MB = Maturity Benefit, SB = Survival Benefits, GA = Guaranteed Supplement, LA = Loyalty Increment. 12 years 14 years 16 years 18 years 20 years 14 years 30% (SB) 30% (SB) 40% (MB) + GA+LA – – – 16 years – 35% (SB) 35% (SB) 30% ( MB) + Ga+La – – 18 years – – 40% (Sb) 40% (Sb) 20% (MB) + Ga + La – 20 years – – – 45% (Sb) 45% (Sb) 10% ( MB) + GA + LA For more details contact LIC Agent / Development Officer / CLIA / Agent Training Material of nearest branch. For internal circulation only. 2 www.licindia.in IRDAI Regn. No. 512
Lic Term Plan
Minimum Age at Entry: 18 Years (Ended) Terms Maximum Age at Entry: 55 Years Contract Period Maximum Age at Entry Maximum Age at Maturity Minimum Sum Assured: Rs. 10,00,000 (in multiples of Rs. 1 lakh thereafter) 14 years 55 years (ANB) 69 years (ANB) Maximum Sum Assured: Unlimited 16 years 51 years (ANB) 67 years (ANB) Risk Cover: Immediate 18 years 48 years (ANB) 66 years (ANB) Regime: 20 years 45 years (ANB) 65 years (ANB) Annual / Half-yearly / Quarterly / NACH and SSS Special attractions Death benefit 1. Option to defer payment for life with payment ❖ 1. 5 years: Assured death sum + accrued guaranteed accruals increased survivor benefit payable at any time. ❖ After 5 years: Sum Assured on Death + Accumulated Guaranteed Increases + 2. Settlement Option: Take over any loyalty pension in the maturity amount. In installments of 5, 10 or 15 years. (Death Benefit, is defined as: 7 times the annual premium / 125% of 3. Option to receive death benefits in 5, 10 or 15 years basic policy / less than 105% of all premiums paid in installments. Date of death, whichever is higher). Example: Survivor benefits and payable as per table given below SA: 10,00,000 Sum Assured Rs.12,50,000. 10,00,000 Survival payments 14 benefits and PPT: 10 years Term: 16 years PPT: 12 years Term: 18 years PPT: 14 years Term: 20 years. PPT: 16 years. 10th anniversary 3,00,000 – — 12th anniversary 3,00,000 3,50,000 – – 14th anniversary 4,00,000 3,50,000 4,00,000 4,00,000,000 4,00,000,000 0,000 0,000, 40 50,000 18th Anniversary Policy – – 2, 00, 000
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