LIC, Health, Motor, Travel Insurance Delhi/Noida/Greater Noida: Term Plans

Showing posts with label Term Plans. Show all posts
Showing posts with label Term Plans. Show all posts

Friday, July 12, 2019


LIC Jeevan Amar Term Insurance Plan No 855

LIC Jeevan Amar (No.855) is a Non-Linked & Non-Participating Term Life Insurance Plan. 

LIC Jeevan Amar Term Insurance Plan 855 - Features

  • Minimum Age : 18 years
  • Maximum Age : 65 years
  • Maximum Age at Maturity : 80 years
  • Minimum Sum Assured is Rs.25 lakh and there is no limit for maximum sum assured.
  • Maximum Sum Assured : No Limit
  • Policy Term : 10 to 40 years
  • Premium Paying Term (PPT) : Same as Policy term
  • Single Premium : Minimum premium would be Rs. 30000/-.
  • Commencement of Risk : Immediate from the date of issuance of Policy.
  • You can pay the premium as regular, single or limited.
  • You can opt for a level sum assured, where the sum assured you opted will remain the same throughout the policy period.
  • You can opt for an increasing sum assured also, where the death benefit will remain the same up to 5 years of the first policy period. After that, it will increases at a rate of 10% for the next 10 years. From the 16th year, it will remain the same.
  • Death Benefits can be taken in installments also of 5 years, 10 years or 15 years.
  • Coverage up to 80 years of age.
  • You can opt for Accidental Rider also.
  • Optional Rider benefit.
  • No Loan facility available under this plan.
  • Back-dating is also not allowed under this plan.
  • Free Look up period  15 days from the date of receipt of policy.
  • Lower rates for Non-Smokers and special rates for women.

LIC Jeevan Amar Term Insurance Plan 855 - Benefit Options

Death Benefits

Regular Premium : For regular & Limited premium payment policy, "Sum Assured on Death" is

  • 7 times or annualized premium or
  • 105 % of all the premiums paid as on the date of death or
  • Absolute amount assured to be paid on death.

Single Premium :

  • 125 % of Single Premium
  • Absolute amount assured to be paid on death.

Increasing Sum Assured

  • Under this feature, the death benefit will be the same as that of the initial sum assured you have chosen for the first five years.
  • From 6th policy year to 10th year, it will increase at the rate of 10% per year.
  • From the 16th year of the policy period, it will remain the same throughout the remaining policy period.
  • Accordingly, your nominee will receive the death benefit during which period of the policy your death occurs.

Death benefit payment option to the nominee

Your nominee can receive the death benefit as a lump sum or in installments. If you opted for installments, then LIC will pay the death benefit installments in 5 years, 10 years or 15 years.
You can choose the full death claim amount be payable in installments or a certain portion of death claim in installments.
You can choose this installment option either at the time of buying or during the policy period.

More Details coming soon.

Friday, May 17, 2013


LIC's Jeevan Mitha (Triple Benefit) Features & Details

What does LIC's Jeevan Mitra (Triple Cover) Offer you?

Sum Insured + Bonus Accrued For the Policy Term chosen, on your surviving the premium payment term you have chosen (15 to 30 years), 3 times the basic sum Insured + Bonus accrued on the basic sum insured in case you do not outlive the premium payment term you have chosen ( 15 to 30 years)
4 times the basic sum insured in case death is due to accident against a little extra, Waiver of further premium payable + Basic Sum Insured spread over in the form of an Annuity for next 10 years + All other Maturity benefits in case of Total and Permanent Disability due to Accident, Loan against surrender value at 9.00% per annum simple interest,

Why Should You Invest On LIC's Jeevan Mitra (Triple Benefit)?

Financial security available to your nominee in your absence during the currency of the plan is maximum, Maturity Benefit available should you outlive the PPT you have chosen is quite impressive, Premium paid qualifies for Section 80 C benefit within the overall limit of Rs 1 Lakh per annum allowed for various savings, Policy proceeds received by you on surviving the PPT chosen are free from income-tax under section 10(10D) of the I.T Act.

Policy loans available under the plan offer you additional investment facilities without effecting any of the policy privileges, Most ideal as a collateral security while drawing housing or any capital loans in view of the high security it offers.

These are some of the prominent reasons why you should invest on LIC's Jeevan Mitra (Triple Benefit) as much as you can.

How long you need to Invest on LIC's Jeevan Mitra (Triple Benefit)?

15 to 30 years ceasing at death, if it occurs early.

What are the Modes of Investment available under LIC's Jeevan Mitra (Triple Benefit)?

Yearly, Half-yearly or Quarterly or Monthly.

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Monday, April 8, 2013


LIC Jeevan Anand Plan Details & Features

LIC Jeevan Anand Plan Details & Features - LIC Jeevan Anand is an endowment cum whole life policy along with bonus facility. LIC Jeevan Anand is a double death benefit plan if the life insured survives till the end of the policy term. LIC Jeevan Anand has average premium, high rate of bonus and great liquidity features.
What Insured receives: Any Individual who takes LIC Jeevan Anand, receives the Sum Assured with Bonus as maturity benefit but the cover continues till his death. An additional Sum insured is paid whenever the Insured dies.
So LIC Jeevan Anand is both an Endowment plan and a whole life plan. In case the insured dies in Jeevan Anand policy tenure the entire sum assured with Bonus is paid to the nominee and policy would terminate.  An additional accidental death and disability benefit is payable under Jeevan Anand till 70 years of age.
Why to buy Jeevan Anand: Jeevan Anand is amazing plan for guaranteed returns with high coverage and suits people who do not want to take much risk in their lives . Also the coverage continues till death.

Key Features of LIC Jeevan Anand:
LIC Jeevan Anand is a Endowment cum Whole life plan.
Maturity benefit is Sum Assured + Bonus and the life cover continues till death.
Death benefit after policy maturity is only Sum Assured.
Death benefit before policy maturity is Sum Assured + Accured bonus.
Simple reversionary bonus is payable on maturity or earlier death under Jeevan Anand.
Accidental death and disability benefit is an inbuilt feature of Jeevan Anand plan.
Jeevan Anand provides critical Illness benefit.
In Jeevan Anand plan additional premium can be given to people with hazardous occupation.
Benefits Of LIC Jeevan Anand
Income Tax Benefit under section 80C :
Life Insurance premiums paid under for Jeevan Anand, is allowed as a deduction from the taxable income each year under section 80C up to Rs. 1,00,000.
The maturity amount you get under LIC Jeevan Anand is also tax free under section 10(10)D provided all conditions have been fulfilled.
Death Benefit under Jeevan Anand:
In case of death of the Life Insured of Jeevan Anand
· Before the end of the Policy Term, the Sum Assured + accrued Bonus is paid
· After the Policy Term, Sum Assured is paid as Death Benefit whenever the Life Insured dies.
Maturity Benefit of Jeevan Anand:
At the maturity of the Jeevan Anand policy, the insured will get Sum Assured + accrued Bonus + Final Additional Bonus
Additional Features & Benefits of LIC Jeevan Anand Plan
There are 2 in built riders available under LIC Jeevan Anand:
Accidental death benefit rider – an additional sum assured is paid if death is due to accident till 70 years of age.
Accidental disability benefit rider- additional sum assured is payable in installments. Additional rider available : Critical Illness rider.

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