Lic Jeevan Shagun Plan 826 Premium Calculator

Close Ended Plan -  Available for 90 Days only from 01-09-2014 till 29-11-2014.

Lic Jeevan Shagun Single Premium Payment Plan 

Jeevan Shagun Benefits:

Death Benefit:

On death during first five policy years:

Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years:

Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

Survival Benefit: 

On Life Assured surviving to the end of the specified durations, the following Survival benefit shall be payable.

At the end of 10th policy year: 15% of the Maturity Sum Assured.
At the end of 11th policy year: 20% of the Maturity Sum Assured.

Maturity Benefit:

On maturity,  65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Loyalty Addition:

Depending upon the Corporation’s experience, a policy shall participate in the profits in the form of Loyalty Addition. The Loyalty Addition, if any, shall be  payable on death or surrender, provided the policy has run for atleast  five policy years, or on policyholder surviving to the maturity, at such rate and on such terms as may be declared by the Corporation.

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

Minimum Entry Age                                         : 8 years (completed)
Maximum Entry Age                                         : 45 years (nearest birthday)
Minimum/Maximum Basic Sum Assured        : 10 times of tabular single premium paid
                                                                                        

Minimum Maturity Sum Assured                      : Rs. 60,000/-
Maximum Maturity Sum Assured                      : No Limit
Maturity Sum Assured shall be available in multiples of Rs. 5,000/-.

Policy Term                                                        : 12 years
Premium payment mode                                   : Single premium only

Lic Jeevan Shagun Table no 826 Plan Presentation

Lic Jeevan Shagun Table no 826 Plan Premium Chart

Interested to buy it, please contact at 9811362697.

Related Plans :  LIC Single Premium Endowment Plan - 817
Other Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

Lic Bima Bachat Money Back Plan 816 Features & Details

Service Tax shall be applicable at the prevailing rates and borne by the policyholder as per rules.

LIC Bima Bachat Maturity Benefit -Single Premium Paid along with loyalty addition less Taxes and extra premiums, if any

LIC Bima Bachat Death Benefit -

First 5 years: Sum Assured shall be payable.

After completion of 5 years: Sum Assured and Loyalty Additions, if any shall be payable.

LIC Bima Bachat SURVIVAL BENEFIT (as a percentage of Sum Assured)

Year >Term	3rd	6th	9th	12th	15th
9	15%	15%	Maturity	NA	NA
12	15%	15%	15%	Maturity	NA
15	15%	15%	15%	15%	Maturity

Eligibility Conditions and Restrictions

· Age at entry - 15 years

· Age at Maturity - Maximum 75 Years

· Policy Term - 9 , 12 and 15 years

· Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

·

Basic Sum Assured –

Min Term 9 Yrs.	Min Term 12 Yrs.	Min Term 15 Yrs.	Maximum Term – 9/12/15
Sum Assured	35000	50000	70000	No upper Limit SA shall be in multiple of Rs.5000
Maximum Age	66 years	63 years	60 years

Loan – Loan facility available after completion of 1 policy year.

Loan can be granted up to 60% of Surrender Value

Surrender Value-

· Available at any time during the policy term subject to realization of the premium cheque.

· No Loyalty Addition payable

· Higher of GSV or SSV payable

Guaranteed Surrender Value (GSV) -

1st Year ~ 70% of Single Premium excluding taxes and extra premium, if any.

Thereafter ~ 90% of Single Premium excluding all Survival Benefits paid earlier, taxes and extra premium, if any.

Special Surrender Value (SSV) -Discounted value of Single Premium paid excluding taxes and extra premium, if any.

Lic New Bima Bachat Plan Table No 816 Premium Chart

LIC Single Premium Bima Bachat Plan 816 Maturity Illustration 9 YEARS

Above Illustration is for

Age                                      : 30 years
Sum Assured                       : 2,00,000 (2 Lacs)
Premium                              : 146945 (141634 + 5311 (S. Tax))
Premium Paying Term          : Single
Policy / Maturity Term           : 9 years
Loyality Addition (2016)        : 110 per 1000

LIC Single Premium Bima Bachat Plan 816 Maturity Illustration 12 YEARS

Above Illustration is for

Age                                      : 30 years
Sum Assured                       : 2,00,000 (2 Lacs)
Premium                              : 150783 (145333 + 5450 (S. Tax))
Premium Paying Term          : Single
Policy / Maturity Term           : 12 years
Loyality Addition (2016)        : 150 per 1000

LIC Single Premium Bima Bachat Plan 816 Maturity Illustration 15 YEARS

Above Illustration is for

Age                                      : 30 years
Sum Assured                       : 2,00,000 (2 Lacs)
Premium                              : 155787 (150156 + 5631 (Tax))
Premium Paying Term          : Single
Policy / Maturity Term           : 15 years
Loyality Addition (2016)        : 220 per 1000

Lic New Bima Bachat Plan Table No 816 Illustration

Related Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

LIC Single Premium Endowment Plan 817

LIC Single Premium Endowment Plan (Table 817) is a single premium conventional With Profits Endowment Assurance Plan. This policy will be eligible for Simple revisionary bonus at a rate based on the corporation's experience with this policy. Final Additional Bonus may also be declared under this policy which will be payable on the expiry of the policy term or on earlier death provided the policy has completed a minimum no of years.

Features :

• Single Premium plan which participates in the corporation's profits and is eligible for Simple reversionary Bonus • On survival of the policy holder till the end of the policy term, Sum Assured with Simple Reversionary Bonus along with Final Additional Bonus(if any) will be provided. • The Life risk coverage starts after the policy holder completes 8 yrs of Age.

Eligibility Conditions :

Minimum Maximum Sum Assured (in Rs.) 50,000 No Limit Policy Term (in years) 10 yrs 25 yrs Premium Payment Term(in years) Single Entry Age of Life Insured 90 days 65 Yrs Age at Maturity 18 Yrs 75 Yrs

LIC New Single Premium Endowment Plan Returns :

Maturity / Survival Benefit – At the maturity of the policy, the policy holder will get Sum Assured + Simple Reversionary Bonus + Final Additional Bonus (if any). In totality you will get maturity amount.

Death Benefit –  · In case of death after the commencement of risk, nominee will receive the Sum Assured with accured Bonus and Final Additional Bonus if any. · In case of death before the commencement of risk, The single premium policy will be returned excluding taxes and any extra premium paid.

Income Tax Benefit – Available under Section 80 C for Premiums paid and under Section 10 (10D) for returns

Loan on Policy - Available

LIC Single Premium Endowment Plan Table No 817 Premium Chart

LIC Single Premium Endowment Plan Table No 817 Illustration

LIC Jeevan Tarang Features & Plan Details

What does LIC's Jeevan Tarang Offer you?

Cash value of bonus on the full sum insured + Annual Installments @ 5.5% of the sum insured up to your 100 years of age + Sum Insured whenever you are not alive instead of annual installments, without any deduction towards installments already paid + Loyalty Addition if any, on your surviving the premium payment term you have chosen (10 or 15 or 20 years),

Sum Insured + Bonus accrued in case you do not outlive the premium payment term you have chosen ( 10 or 15 or 20 years)

Loan against surrender value at 9.00% per annum simple interest,

Additional sum equal to face value but not exceeding Rs 50 Lakhs in case of fatal accident against a small extra,

Premium waiver in addition to the above accident benefit in case of Total and Permanent Disability due to Accident against a small extra,

Term Cover Rider against extra

Why Should You Invest On LIC's Jeevan Tarang?

Under this plan, your nominee is assured of the face value of the policy on your death whenever it occurs within your 100 years of age. Your premium payment however is limited only for the term chosen (10 or 15 or 20 years).

You are assured of a regular annual income as long as you are alive up to a maximum of 100 years of age, once you outlive the premium payment term you have chosen. By going for LIC's Jeevan Tarang every month, you can reduce the frequency of annual installments to monthly also.

From income-tax point of value also, you stand to gain quite a bit through LIC's Jeevan Tarang investment. While the premium paid qualifies for Section 80 C benefit within the overall limit of Rs 1 Lakh per annum allowed for various savings, annual installments received as above are free from income-tax, since they are nothing but settlement options on the sum insured exercised by you. In other words, under LIC's Jeevan Tarang, you are assured of a tax-free annuity @5.5% of the sum you have insured for rest of your life, once you outlive the PPT chosen.

Bonus available before commencement of Annuity can be profitably invested to fetch you income additional to annuity installments available under the plan.

Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.

These are some of the prominent reasons why you should invest on LIC's Jeevan Tarang as much as you can.

How long you need to Invest on LIC's Jeevan Tarang?

10 or 15 or 20 years ceasing at death, if it occurs early.

What are the Modes of Investment available under LIC's Jeevan Tarang?

Single, Yearly, Half-yearly or quarterly or monthly.

Want to know more about LIC's Jeevan Tarang or want to invest on the plan? 

Call us at 9899307833 / 9811362697 or write us at everyoneinusred@gmail.com

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