Lic Jeevan Sangam Plan 831 Features & Details

Lic Jeevan Sangam Single Premium Payment Plan Table No 831 Details

1.   Introduction:

It has been decided to introduce LIC’s JEEVAN SANGAM (Plan No.831), a close ended plan which would be open for sale from 4^th March, 2015 for a maximum period of 90 days.

LIC’s Jeevan Sangam is a non-linked, with-profit, single premium plan which provides for high level of death cover during the policy term.

Under this plan, the Proposer/ Life Assured will have an option to choose the Maturity Sum Assured and the single premium payable will depend on the chosen amount of Maturity Sum Assured and age of the life assured.

The benefits and other details of this plan are given below.

2.   Benefits:

a)    Death Benefit:

On death during first five policy years:

Before the date of commencement of risk: Refund of single premium excluding service tax and extra premium, if any, without interest.

 After the date of commencement of risk: Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years but before the stipulated Date of Maturity:

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

The Tabular single premium mentioned above does not include any extra premium or taxes and is before applying any rebate.

                                                                                     

b)   Maturity: 

On the Life Assured surviving to the end of the policy term, the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

c)    Loyalty Addition:

The policies under this plan shall be eligible for share in surplus (profits) in the form of Loyalty Addition, depending upon the experience of the Corporation. The Loyalty Addition, if any, shall be  payable at such rate and on such terms as may be declared by the Corporation, on death or surrender, provided the policy has run for at least  five policy years or on policyholder surviving to the maturity.

3.   Eligibility Conditions and Restrictions:

a)    Minimum Entry Age                     :         6 years (completed)

b)   Maximum Entry Age                       :      50 years (nearer birthday)

c)    Mode of premium payment             :      Single premium

d)   Minimum Maturity Sum Assured             :          Rs.75,000/-

e)    Maximum Maturity Sum Assured            :           No Limit

f)     Policy Term                                     :           12 years

Except for minimum Maturity Sum Assured of Rs.75000/-, higher Maturity Sum Assured than this amount shall be in multiple of Rs. 10000/- only.

Date of commencement of risk: In case the age at entry of the Life assured is less than 8 years nearer birthday, the risk under this plan will commence from one day before the policy anniversary coinciding with or immediately following the age of 8 years (nearer birthday).

For those aged 8 years (nearer birthday) or more, risk will commence immediately.  

4.   Rebates:

High Maturity Sum Assured Rebate:

Maturity Sum Assured (M.S.A) chosen under the policy	Reduction in Tabular premium (per Rs. 1000/- Maturity Sum Assured)
Below Rs.2,00,000	Nil
Rs.2,00,000 to Rs. 3,90,000	Rs. 15.00
Rs.4,00,000 and above	Rs. 20.00

             

5.   Surrender Value:

The policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Guaranteed Surrender Value:

The Guaranteed Surrender Value shall be as under:

·         First year: 70% of the Single premium paid excluding extra premium and taxes, if any.

·         Thereafter: 90% of the Single premium paid excluding extra premiums paid and taxes, if any.

6.   Loans:

Loan facility shall be available under the plan at any time during the policy term after three months of the policy issuance subject to the following conditions:

a)    Depending on the age at entry, the maximum loan that can be granted as a percentage of Surrender Value (S.V.) for different policy years in which the loan is applied is as under:

Policy year	maximum Loan Amount as a % of surrender value for age at entry <=45	maximum Loan Amount as a % of surrender value for age at entry >45
*3 month  to 3rd	55%	40%
4th  to 6th	70%	45%
7th  to 9th	80%	65%
10th  to 12th	90%	90%

*3 month means loan can be availed after three months of the policy issuance.  

b)    The rate of interest to be charged on loans granted under this plan would be determined from time to time by the Corporation.

c)    In case the policy shall mature or becomes a claim by way of death, the Corporation shall become entitled to deduct the amount of the loan or any portion thereof which is outstanding, together with all outstanding interest from the policy moneys.

d)    No foreclosure action should be taken under this plan even if there is a default in payment of loan interest. However, any loan outstanding along with the interest shall be recovered from claims proceeds at the time of exit.

7.   Suicide Clause:

The policy shall be void if the Life Assured (whether sane or insane at the time) commits suicide at any time within 12 months from the Date of Commencement of Risk, an amount which is higher of 90% of the single premium paid (excluding taxes and extra premium, if any) or Surrender Value shall be payable. The Corporation will not entertain any other claim under this policy.

This clause shall not apply in case of Life Assured whose age at the time of entry is below 8 years.

8.   Taxes:

Taxes including service tax, if any, shall be as per the Tax laws and the rate of tax as applicable from time to time.

Lic Jeevan Sangam Single Premium Payment Plan Table no 831 Comparison

Lic Jeevan Sangam Single Premium Payment Plan Table No 831 Details

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

Income Tax Guide for Individuals 2014-2015

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

To Health Insurance product click Religare Health Insurance. 

Religare Maternity Health Insurance Joy Plan

Religare Cheapest new born baby and maternity best health insurance Joy

Maternity Health Insurance Plan Details
Plan Name	Joy Today	Joy Tomorrow
Sum Insured – On annual basis	3 Lac / 5 Lac	3 Lac / 5 Lac
Maternity wait period	9 months	24 months
Entry Age – Minimum	Adult : 18 years or above Child : 1 Day to 24 years	Adult : 18 years or above Child : 1 Day to 24 years
Entry Age – Maximum	45 years	45 years
Exit Age	Lifelong	Lifelong
Cover Type	Individual (maximum up to 6 Persons)	Individual (maximum up to 6 Persons)
	Floater : 2A / 2A1C / 2A2C	Floater : 2A / 2A1C / 2A2C
Pre-policy Issuance Medical Check up	Applicable on Insured Person with age 46 years or above	Applicable on Insured Person with age 46 years or above
Religare Maternity Health Insurance Benefits
Hospitalisation Expenses
In-Patient Care	Yes	Yes
Day Care Treatment	Yes	Yes
Pre-Hospitalisation Medical Expenses	Up to 30 days	Up to 30 days
Post-Hospitalisation Medical Expenses	Up to 60 days	Up to 60 days
Ambulance Cover	Up to Rs. 1,000 per Claim	Up to Rs. 1,000 per Claim
Maternity Cover (including Pre-natal & Post-Natal expenses)	Up to Rs. 35,000 for 3 Lac SI Up to Rs. 50,000 for 5 Lac SI	Up to Rs. 35,000 for 3 Lac SI Up to Rs. 50,000 for 5 Lac SI
Newborn Baby Cover	Up to Rs. 30,000 for 3 Lac SI Up to Rs. 50,000 for 5 Lac SI	Up to Rs. 30,000 for 3 Lac SI Up to Rs. 50,000 for 5 Lac SI
New Born Birth Defects	No	Lump sum – Rs. 50,000
Wait Periods
Initial Wait Period	30 Days	30 Days
Named ailments	24 months	24 months
Pre-existing Diseases	48 months	48 months
Sub-limits
Room Category	Single Private Room with AC	Single Private Room with AC
Co-payment	20% (Applicable where age of eldest member at entry is 61 years or above)	20% (Applicable where age of eldest member at entry is 61 years or above)
Tenure	3 Years	1 Year / 2 Year / 3 Years

What is not Covered in Religare Maternity Health Insurance ?

• Any pre-existing ailment/injury that was diagnosed/acquired within 48 months prior to issuance of the first policy
• Any diseases contracted during first 30 days of the policy start date except those arising out of accidents
• Non-allopathic treatment.
• Expenses attributable to self-inflicted injury (resulting from suicide, attempted suicide)
• Expenses arising out of or attributable to alcohol or drug use/misuse/abuse
• Cost of spectacles/contact lenses, dental treatment
• Medical expenses incurred for treatment of AIDS
• Congenital disease
• Tests and treatment relating to infertility and in-vitro fertilisation.

Religare Maternity Health Insurance Policy Terms
Entry Age - Minimum		Adult: 18 years
		Child: 1 Day
		New Born: 1 Day
Entry Age - Maximum		Adult: 65 years
		Child: 24 years
		New Born: 90 Days
Exit Age		Lifelong
Cover Type		Individual / Family Floater
Renewal	Lifelong Renewability. The policy can be renewed under the then prevailing Health Insurance with Maternity Benefit Product or its nearest substitute approved by IRDA
Co-payment	If you enroll at the age of 61 years or more, you will have to pay 20% of the claim amount under the policy. We pay the rest.
Waiting Period	30 days for any illness except accident
	24 months for maternity of Joy tomorrow
	9 months for maternity of Joy today
	2 years for specific treatments/illness
	4 years for pre-existing diseases
Grace Period	30 days from the date of expiry to renew the policy
Policy Tenure	3 years
Maternity Cover	Available only up to 45 years of age

Interested to buy ?? click Religare Health Insurance Premium Calculator. 

Cheapest religare new born and maternity best health insurance joy plan presentation 

from Satyendra Gupta LIC Agent 9811362697

To Buy Click link http://www.religarehealthinsurance.com/hp/satyendrakumargupta

Lic Limited Payment Endowment Plan 830 Details

Lic Limited Payment Endowment Plan Table No 830 Details

CONDITIONS AND OTHER RESTRICTIONS:

Minimum Entry Age : 18 years completed

Maximum Entry Age : 62 years (age near birthday);

Maximum Maturity Age : 75 Years

Minimum Maturity Sum Assured : Rs.3 Lacs. Thereafter, in multiples of Rs.10000/-Maximum

Maturity Sum Assured : No Limit

Policy Term :12, 16, 21 years

Premium Paying Term : 8 & 9 yrs.

Maturity Sum Assured : Basic Sum Assured + Vested Bonus + FAB, if any;

Death Sum Assured : Sum Assured + VB + FAB, if any, where SA is defined as Higher of-10 times of Annualized Premium OR 125% of Basic Sum Assured OR 105% of all premiums paid;

Accident Benefit Rider :Optional rider with minimum Rs.10000/- & maximum up to Rs.1 Cr, subject to max SA;

Term Assurance Rider :Optional, with min Rs.1 Lac & max Rs.25 Lacs;

Mode Rebates :2% for Yearly & 1% for Half yearly;

High SA Rebates :5 Lacs to 9.90 Lacs=0.50% & 10 Lacs & above= 0.75%;

Revival of Lapsed policies :Within 2 years from date of FUP;

LIC New Limited Payment Endowment Plan Table No 830 Presentation

Lic New Limited Payment Endowment Plan Table No 830 Premium Calculator

Related Plans :  LIC New Endowment Plan Table No - 814

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

Varishtha Pension Bima Yojana Senior Citizens Plan 828

Lic Varishtha Pension Bima Yojana for Senior Citizens Plan 828 Details 

Maximum Limit of Investment under Pradhan Mantri Vaya Vandana Yojana is Rs. 15 lakhs per senior citizen as against the existing limit of Rs. 7.5  lakhs per family and extended the period  up to 31 March, 2020.

• Available to citizens aged 60 years and above. No maximum age limit.

• Pension would be on immediate annuity basis in monthly, quarterly, half-yearly or annual mode, varying, respectively, between Rs. 500 to 5000 (monthly), Rs. 1500 to 15,000 (quarterly), Rs. 3000 to Rs. 30,000 (half-yearly) and from Rs. 6,000 to Rs. 60,000 (annually), depending on the amount subscribed and the option exercised.

• The payout implies an assured return of 9% on monthly payment basis, which amounts to an annualized return of 9.38%. 

• Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement. Present interest rate is 9% compounded half yearly.

• On death, the full purchase price will be refunded to nominee. 

• Exit/surrender would be allowed after 15 years or earlier in special circumstances like critical / terminal illness of self or spouse.

• Payment will be through ECS or NEFT. 

Rebate: 

No Rebate is available under this plan.

Taxes: 

As per Tax laws, Taxes including service tax is applicable. Present year tax rate is 3.09 %. Policyholder has to pay the tax amount also while taking the policy. Tax amount which you pay on the purchase price is not considered for calculation of pension.

Surrender value:

The Varishtha Pension plan can be surrendered after 15 years. The surrender value payable is 100% Purchase Price means what we invested will be returned back if we want to withdraw after 15 years.

If any medical emergency exists for self or spouse then pension plan can be surrendered under exceptional circumstances, 98% of the purchase Price will be refunded back to the customer.

Pension Payable: 

Pension in the form of Annuity is payable to the pensioner during the life time of the pensioner as per the mode (yearly, half yearly, quarterly, monthly)  chosen by the pensioner.

Death Benefits: 

If Death Occurs, Nominee gets invested amount.

Suicide clause:  Not applicable

Locking period: 15 days. Policy Holder can return the policy if not satisfied with policy terms and conditions.

Assignments and Nominations: Possible

80C or 10(10D) tax benefits - Investment under this scheme does not qualify for any tax deduction under section 80C or 80CCD. Moreover, the pension income is taxable as per the tax slab of the pensioner.

Free Look Period - If you are not satisfied with the terms and conditions of this scheme, you may ask for a refund of your investment amount within 15 days from the date of receipt of the policy stating the reason of objections. The amount to be refunded within free look period will be the investment amount deposited by the investor less the stamp duty charges.

Premature Surrender - The policy can be surrendered after completion of 15 years. The investor will get the investment amount in full as the surrender value after 15 years. However, under exceptional circumstances, if the pensioner requires money for the treatment of any critical/terminal illness of self or spouse, then the policy can be surrendered before the completion of 15 years and the surrender value payable will be 98% of the investment amount.

Unfortunate Event - On death of the pensioner, the investment amount will be refunded in full to the nominee of the pensioner. However, as only the invested amount is refunded, there is no special insurance benefit available with this scheme.

Service Tax Exemption on VPBY Effective April 1, 2015

What I understand from the info available publicly, it will be effective April 1, 2015. If it is correct, what about all those investors who have invested in this scheme till date? I think they will definitely stand disappointed and rightly so. I think they should also be provided such benefit right from their date of investment. The government should once again think about it.

As far as investment in this scheme is concerned, I think service tax exemption has made this scheme a little more attractive as compared to fixed deposits or other small saving schemes. You can consider this scheme if you want a super safe investment avenue with reasonably high returns for yourself.

Lic Varishtha Pension Bima Yojana Table No 827 Chart including 3.09 % Tax

Lic Varishtha Pension Bima Yojana Table No 827 Form

Lic Jeevan Rakshak Plan 827 Features & Details

Lic Jeevan Rakshak Plan Table no 827

LIC New Jeevan Rakshak Plan Table No 827 Premium Chart

LIC New Jeevan Saral ATM Plan table no 825

LIC NEW JEEVAN SARAL PLAN (Plan No 825) 

LIC NEW Jeevan Saral  ATM Plan table no 825 Features:

Minimum Age at entry: 8 yr.

Maximum Age at entry: 50 yr.

Minimum Term: 15 Years

Maximum Term: 35 years

Minimum Sum Assured: 1, 00,000 INR (1 Lac)

Minimum Monthly Premium: 400 INR

Launch Date: Yet to Launch

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More Details of New Jeevan Saral Plan will be updated soon after launching of plan.

LIC New Golden Money Back Policy Details

LIC New Golden Money Back Maturity Plan Details

LIC New Golden Money Back is a plan where premiums paid over the term of plan are paid back during the policy term in instalments and life insurance cover is available not only during the term but also during the extended term of the plan.

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

LIC Jeevan Anand Money Back Policy Details

LIC Jeevan Anand Money Back Policy

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

LIC New Dhan Varsha Money Back Policy

LIC New Dhan Varsha Money Back Policy

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

LIC Term Insurance Anmol Jeevan 822 & Amulya Jeevan 823

LIC Term Insurance Anmol Jeevan 822 & Amulya Jeevan 823 Details

LIC Pension Plan Calculator Return & Details

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