Star Health Senior Citizen Insurance Policy Details

Star Health Senior Citizen Red Carpet Insurance Policy 

• This plan is for Senior citizens aged between 60 to 75 years.
• No pre-insurance medical test required.
• Covers pre-existing diseases from the second year onwards.
• Medical Consultations as an Out Patient in a Network Hospital.
• Higher Sum Insured coverage up to Rs.10 Lakhs.
• Guaranteed lifetime renewals.

Coverage	Hospitalisation Expenses incurred as in-patient for Sickness / Disease / Illness and Accidental Injuries for a minimum period of 24 hrs.
Type of Cover	Individual.
Entry Age	60 yrs to 75 yrs. & 364 days
Renewals	Life time
Co-pay	Co-Pay is a cost sharing requirement that provides the policyholder / insured will bear a specified percentage of the admissible claim amount
	For Pre-existing Disease claims- 50 % of each and every claim and 30% of each and every claim for all other claims and renewals thereafter
Sum Insured Options	1 / 2 / 3 / 4 / 5 / 7.5 & 10 Lakhs
Policy & Grace Period	One year and with 30 days Grace Period to renew the policy. (Renewal during Grace Period - Declaration of Good Health is required).
Medicals	Medical is not a must.
Age Proof	Age Proof is compulsory.
Free look Period	15 days with refund of Premium on Pro-rata Basis.
Any Disease Contracted	1st 30 days (Accidents Exempted )
Certain Procedures / Diseases	First two years, including Congenital Internal Defects / Diseases - 50 procedures / diseases
Pre Existing Diseases (PED)	12 months
Allowable Expenses
Non- allopathic Treatment (Other than Naturopathy)	No Provision
Pre - Hospitalizations	No Provision
Post - Hospitalizations	Amount will not exceed 7% of Hospital Bill (Minus Room Rent) subject to Max of Rs.5000/- Per hospitalization.
Ambulance	Rs. 600 Per occurrence / Rs. 1200 Policy Period
Day care Procedures and Sub Limits	12 Procedures. 24 hrs. hosp. is waived and the sub-limits in bracket will apply for following day care procedures - Lithotripsy (20K), Tonsillectomy (7.5K), Cutting & draining of Subcutaneous abscess (1.5K), Liver aspiration (2K), Pleural Effusion Aspiration (2K), Colonoscopy (2K), Sclerotherapy (5K)}, Cataract limit varies based on the Sum Insured. Dialysis, Chemotherapy, Radiotherapy and Dental Surgery due to accident only
Other excluded expenses	203 Items as per Printed Policy Clause.
Automatic Restoration of Sum Insured	No Provision
Package Charges	No restrictions in respect of Package Charges
Room Rent (Inclusive of Boarding & Medical expenses) on Per Day Basis Whichever is lower	Up to 1% of Basic Sum Insured subject to a Max. Of Rs.6000 per day.
Doctor's Fee	Actuals or subject to a Maximum of 25% of Sum Insured, Per Hospitalisation
Medicine Charges	Actuals or subject to a Maximum of 50% of Sum Insured, Per Hospitalisation
Note	Expenses relating to the Hospitalisation will be considered in proportion to the room rent stated in the policy. Treatment taken in Non-Networking Hospital exclusion has been removed.
No Claim Bonus for Every Claim Free Year	No Provision
Portability	This policy is portable.
80 D Benefit Tax Benefit	Premium Paid by any mode other than cash is eligible for relief under section - 80D of the IT Act.

Star Health Senior Citizen Red Carpet Insurance Sub-limit
Sum insured	100000	200000	300000	400000	500000	750000	1000000
Particulars	Limit of Company's Liability Rs.
Cataract	15000	15000	18000	20000	21500	23000	25000
CVA	75000	150000	200000	225000	275000	300000	350000
CVD	75000	150000	200000	225000	275000	300000	350000
Cancer	75000	150000	200000	225000	275000	300000	350000
Treatment for Breakage of Bones	75000	150000	200000	225000	275000	300000	350000
Renal Complications	75000	150000	200000	225000	275000	300000	350000
All other Major Surgeries	60000	120000	150000	200000	225000	250000	275000
Medical Consultation
Sum insured	100000	200000	300000	400000	500000	750000	1000000
Medical Consultation as OPD in Network Hospital @ Rs.200 per consultation	No Provision	No Provision	Rs.600	Rs.800	Rs.1000	Rs.1,200	Rs.1,400
Premium Rates Incl. ST of 14%
Sum insured	100000	200000	300000	400000	500000	750000	1000000
In Rs.	5073	9640	14706	17671	20520	23940	25650

Additional Benefits in Sr. Citizen Red Carpet Policy Revised
1. High Sum Insured of Rs.7.5 lakhs and Rs.10 lakhs
2. First two years, including Congenital Internal Defects / Diseases - 50 Procedures / Diseases
3. Increase of Room Rent - 1% of Basic SI subject to a Max. of Rs.6000 per day
4. Increase of Sub-limit in Cataract Procedure
5. Increase of Sub-limits in Major Surgeries, no changes in sum insured of Rs.1 lakh and Rs.2 lakh
6. OPD - Medical Consultation
7. Treatment taken in Non Networking Hospital exclusion has been removed
8. No restrictions in respect of Package Charges


First Two Year Exclusions under Sr. Citizen Red Carpet Policy Revised
a. Cataract, Glaucoma, Diseases of anterior segment and posterior segment of the eyes, All diseases related to ENT, Diseases related to Thyroid, Prolapse of intervertebral disc (other than caused by accident), Varicose veins and Varicose ulcers, all diseases of Prostrate, Stricture Urethra, all types of Hernia, Varicocele, Hydrocele, Fistula / Fissure in ano, Hemorrhoids, Pilonidal Sinus and Fistula, Rectal Prolapse, Stress Incontinence and Congenital Internal disease / defect
b. Gall Bladder and Pancreatic diseases and all treatments (conservative, interventional, laparoscopic and open) related to Hepato-pancreato-biliary disease including Gall Bladder and Pancreatic Calculi. All types of management for Kidney and Genito-urinary tract calculi.
c. All treatments (conservative, interventional, laparoscopic and open) related to all diseases of Uterus, Fallopian Tubes, Cervix and Ovaries, Dysfunctional Uterine Bleeding, Pelvic Inflammatory Diseases, Benign Breast diseases.
d. Conservative, operative treatment and all types of intervention for diseases related to Tendon, Ligament, Fascia, Bones and Joint (other than caused by accident).
e. Degenerative disc and vertebral diseases including replacement of Bones and Joints and Degenerative diseases of the Musculo-skeletal system.
f. Subcutaneous benign lumps, Sebaceous cyst, Dermoid Cyst, Lipoma, Neuofibroma, Fibro adenoma, Ganglion and similar pathology.
g. Any transplant and related surgery.
This waiting period shall not however apply in the case of the insured person/s having been covered under any individual health insurance scheme with any of the Indian Insurer for a continuous period of preceding 24 months without any break.
The Claim for such illnesses/diseases/disabilities contracted/suffered if admitted will be processed as per the Sum Insured of immediately preceding 24 months policy only. Where there is a change in the sum insured in the second continuous policy year the lower of the sum insured will apply.

Star Cardiac Care Health Insurance Policy Details

• This policy is for persons who have undergone for the first time the named surgery / intervention / correction for the existing Cardiac diseases.
• This policy has two Plan options – Gold Plan and Silver Plan
• Silver Plan pays for expenses incurred as an inpatient for treatment in respect of all cardiac related complications that necessitate surgery/intervention
• Gold Plan pays for expenses incurred as an inpatient for treatment in respect of all cardiac related complications that necessitate medical management, surgery/intervention.
• Under both the Plans regular hospitalization is covered under Section 1 and all Cardiac related ailments are covered under Section 2.
• Out Patient Benefit is available.
• Personal Accident: Accidental Death Cover.
• No Pre acceptance medical screening.
• 405 day-care procedures covered.

Policy Benefits: (Applicable for Both Silver Plan and Gold Plan)

Hospitalization cover

• Protects the insured for in patient hospitalisation expenses for a minimum of 24 hrs. These expenses include room, nursing and boarding charges, Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialist Fees, Oxygen, Operation Theatre, Diagnostics, imaging modalities and Cost of Medicines and Drugs, Oxygen, Blood, Operation theatre, Diagnostic and Imaging modalities.
• Ambulance charges for emergency transportation to hospital as per specified limits.
• Pre-Hospitalization expenses up to 30 days prior to admission in the hospital.
• Post-hospitalisation expenses incurred up to specified limits.
• 405 Day-care treatments covered
• Pre-Existing Diseases / Illness are covered after 48 months of continuous coverage without break with any Indian Non-Life Insurer, under Section 1
• After a waiting period of 90 days, this policy covers all treatments relating to Cardiac diseases. This waiting period will not apply for renewals.

Out-Patient Expenses

The Company will pay the amount of such expenses as are reasonably and necessarily incurred at the network hospitals/diagnostic centres as an Out Patient, provided the policy is in force

The limit of benefit under this Section is Rs.500/- per event subject to a maximum of Rs.1500/- per policy period, provided policy is in force. This benefit forms part of the Sum Insured.

Personal Accident

If at any time during the Period of Insurance, the Insured Person shall sustain any bodily injury resulting solely and directly from an Accident caused by external, violent and visible means and if such accident causes death of the Insured Person within 12 Calendar months from the date of Accident, then the Company will pay the Sum Insured mentioned in the schedule as compensation.

Star Cardiac Care Insurance Policy ELIGIBILITY

• Star Cardiac Care Insurance can be taken by any person between 10 years and 65 years of age, who has undergone for the first time.
• PTCA (Stenting) or CABG (By-pass) procedure,  within 7 years prior to the date of policy purchase or
• Atrial Septal Defect (ASD) or Ventricular Septal Defect (VSD) that has been corrected  or
• Patent Ductus Arteriosus (PDA) that has been treated or
• RF Ablation done to correct the underlying cardiac condition or
• Had an Angiogram done but no intervention was medically found necessary.

Star Cardiac Care Insurance Policy GENERAL TERMS

Tax Benefits

Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act.

Free Look Period

A free look period of 15 days from the date of receipt of the policy is available for reviewing the policy terms and conditions. In case insured is not satisfied he can seek cancellation of the policy and in such event the Company will allow refund of premium after adjusting the cost of pre-acceptance of medical screening, stamp duty charges and proportionate risk premium for the period concerned provided no claim has been made until such cancellation. Free look cancellation is not applicable at the time of renewal.

Guaranteed Lifetime Renewals

Life-long renewals beyond 65 years are offered under this policy.

Star Cardiac Care Insurance Policy Details & Features
Age at Entry	10 Years to 65 years
Who can Buy	1. Undergone Percutaneous Transluminal Coronary Angioplasty - PTCA or Coronary Artery Bypass Graft (CABG) - Within 7 years 2. Artial Septal Defect - ASD or Ventricular Septal Defect - VSD - Corrected 3. Patent Ducutus Arteriosus (PAD) - Treated 4. RF Ablation or RF Ablation done to correct Cardiac Condition 5. Angiogram done - But intervention not found necessary
Sum Insured	3 Lac and 4 Lac
Sum Insured Enhancement	SI can be enhanced on renewal - Subject to company's discretion - Only when no Claim lodged or Paid - Waiting period will be applied on the enhanced Sum Insured
Policy Period	One year
Renewal Guarantee	Life Long
Renewal Grace Period	30 days
Section - 1	Regular Hospitalisations - Other than Cardiac related
Room Rent, Boarding and Nursing Expenses	Rs. 5000 per day
Professional Fees	Surgeon, Anesthetist, Medical Practitioner, Consultant, Specialist Fees - Actual
Other Medical Expenses	Anesthesia, Blood, Oxygen, OT Charges, Surgical Appliances, Medicines and Drugs, Diagnostic materials, X-ray, Diagnostic Imaging, Dialysis, Chemotherapy, Radiotherapy etc. - Actual
Ambulance Charges	Rs. 750 per hospitalisation - Rs. 1500 per policy year
Pre - Hospitalisaton	30 days prior to the date of hospitalisation - Actual
Post - Hospitalisation	60 days - (7% of nursing expenses, Surgeon/consultant Fees, Diagnostic Charges, Cost of medicines and drugs with Max Rs. 5000)
Section - 2 - Gold	1. Cardiac related Complications - resulting in Surgery or intervention 2. Cardiac Medical Management
Section - 2 - Silver	Cardiac related Complications - resulting in Surgery or intervention only Cardiac Medical Management not covered
Both Gold and Silver a. Room Rent, Boarding and Nursing Expenses b. Professional Fees c. Other Medical Expenses d. Ambulance Charges e. Pre-Hospitalisation f. Post - Hospitalisation	Same as Section 1
Section - 3	Out Patient Consultation - Max. Rs. 500 per consultation Max - Rs. 1500 per policy year - Payout forms part of Sum Insured
Section - 4	Personal Accident - Death Cover - Accident Cover Sum Insured Equivalent to Health Sum Insured
Day - Care Treatment	405 - Day Care Procedures
Sublimit for Cataract	Max Rs. 20,000 per hospitalisation - Max Rs. 30,000 for policy period
Treatment on Package Charges basis	80% of Package Charges paid - for Section 1 hospitalisations only
30 days - Waiting Period	Any Disease Contracted by the insured
90 days - Waiting Period	PEDs related to Cardiac ailments
24 Months - Waiting Period	Like - Cataract, ENT, Thyroid, Prolapse of intervertebral Disc (Non-Accidental), Vericose - veins & Ulcers, Prostate Disease, Hernia, Fistula/Fissure, Congenital Internal Disease, - For full list refer product broucher
48 Months - Waiting Period	PEDs - Other than Cardiac related PED - Declared in Proposal and Endorsed in Policy
Permanent Exclusions	Like - Congenital External defects, Dental Treatments(Non-Accidental), Psychiatric treatment, Venereal diseases, Intentional Self Injury, Pregnancy and child birth related, Weight Control, Cosmetic treatments, Plastic Surgery - For full list refer product broucher
Pre Acceptance Medical Screening	Not Required - But all the past medical records of the proposed insured to be submitted
Co Payment	10% on every Hospitalisation - Under Section 1 only - For Age above 60 years at ENTRY

LIC JEEVAN UMANG Whole Life Plan No. 845 Details

LlC’s Jeevan Umang is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.

LIC Jeevan Umang Policy is a whole life plan with pension cum saving plan and guaranteed 8% return on survival.

LlC’s Jeevan Umang BENEFITS:

The benefits payable under an in force policy are as under:

a) Death Benefit of Jeevan Umang:

On death before the commencement of Risk:

An amount equal to the total amount of premium/s paid without interest shall be payable.


On Death after the commencement of Risk:

Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.

Where “Sum Assured on Death” is defined as the highest of

• 10 times of annualised premium; or
• Sum Assured on Maturity; or
• Absolute amount assured to be paid on death, i.e. Basic Sum Assured.

This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.

b) Survival Benefit of Jeevan Umang: 

On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.

c) Jeevan Umang Maturity Benefit:

On the life assured surviving to the end of the policy term, provided all due premiums have  been paid, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses (as mentioned in 3 below) and Final Additional bonus, if any, shall be payable.  

Where “Sum Assured on Maturity” is equal to Basic Sum Assured. 

LIC JEEVAN UMANG Plan No. 845 Details

LIC Jeevan Umang Calculator

PARTICIPATION IN PROFITS OF JEEVAN UMANG:

Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy shall participate in profits during the policy term.

During the premium paying term:

Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the  experience of the Corporation during the premium paying term, provided the policy is inforce.

Final Additional Bonus may also be declared under an inforce policy in the year when such policy results into a claim by death. However, Final Additional Bonus shall not be payable under paid-up policy or on surrender of a policy during the premium paying term.

In case the premiums are not duly paid, the policy shall cease to participate in future profits during premium paying term.  

After the premium paying term {applicable only for fully paid-up policies or for paid-up policies with Maturity Paid-up Sum Assured of Rs. 2 Iakhs or more):

Under a fully paid-up policy (i.e.where all premiums payable during the term of the policy are paid) or in a paid-up policy with Maturity Paid-up Sum Assured of Rs. 2 Iakhs or more, the terms for participation of profits after the premium paying term may be in a different form  and on a differential scale depending on the Corporation’s experience under this plan at that time.

Final Additional Bonus may also be declared under the policy in the year when a policy results into a claim either by death or maturity. In addition, applicable Final Additional Bonus  for surrendering policies, if any, may also be considered in payment of Special Surrender Value.

Under a paid-up policy with Maturity Paid-up Sum Assured of less than Rs. 2 Iakhs, the policy shall not participate in future profits.  

LlC’s Jeevan Umang OPTIONAL BENEFIT:  

The following four optional riders are available under this plan. However, the policyholder can opt for either LIC’s Accidental Death and Disability Benefit Rider or LIC’s Accident Benefit Rider. Therefore, a policyholder can opt for a maximum of three riders under this plan.  

LlC’s Accidental Death and Disability Benefit Rider:

LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium. This rider can be opted for at any time within the premium paying term of the Base Plan provided the outstanding premium paying term is atleast 5 years. The benefit cover under this rider shall be available upto the policy anniversary on which the age nearer birthday of the Life Assured is 70 years. Thereafter the cover shall cease.

If this benefit is opted for, an additional amount equal to the Accident Benefit Sum Assured is payable on death due to accident, provided the rider is inforce at the time of accident. In case of accidental permanent disability (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived. The premium for the portion of Basic Sum Assured which exceeds the Accident Benefit Sum Assured and premium(s) in respect of other Rider(s), if opted for, shall continue to be paid. If the policy becomes a claim by way of death before the expiry of the said period of 10 years, the disability benefit instalments which have not fallen due will be paid along with the claim amount.

The premium for this rider will not be required to be paid after the premium paying term of the base plan.

LlC’s Accidental Death and Disability Benefit Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition.

LIC’s Accident Benefit Rider:

LlC’s Accident Benefit Rider is available as an optional rider payment of additional premium.

This rider can be opted for at any time within the premium paying term of the Base Plan provided the outstanding premium paying term is atleast 5 years. The benefit cover under this rider shall be available only during the premium paying term of the base plan. Thereafter the cover shall cease.

If this benefit is opted for and if the Life Assured is involved in an accident leading to death within 180 days from the date of accident then an additional amount equal to the Accident benefit Sum Assured is payable. However, the policy shall have to be inforce at the time of accident irrespective of whether or not it is inforce at the time of death. 

LlC’s Accident Benefit Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition.

LIC’s New Term Assurance Rider:

LIC’s New Term Assurance Rider is available as an optional rider at the inception of the policy by payment of additional premium. The additional premium for this rider will need to be paid along with the premium of the Base Plan and any other rider(s), if opted for, during the premium paying term of the policy. The benefit cover under this rider shall be available for a term of 35 years or till the policy anniversary on which the age nearer birthday of the Life assured is 75 years, whichever is earlier. Thereafter the cover shall cease. If this rider is opted for, an additional amount equal to Term Assurance Rider Sum Assured shall be payable on death of the life assured, provided the rider cover is inforce.

LIC’s New Critical Illness Benefit Rider:

LIC’s New Critical Illness Rider is available as an optional rider at the inception of the policy by payment of additional premium. The additional premium for this rider will need to be paid along with the premium of the Base Plan and any other rider(s), if opted for, during the premium paying term of the policy. The cover under this rider shall be available for a policy term of 35 years or till the policy anniversary on which the age of the Life Assured is 75 years, whichever is earlier.

If this rider is opted for, on first diagnosis of any one of the 15 critical Illness covered under this rider, the Critical Illness Sum Assured shall be payable subject to the conditions specified in the rider circular.

LIC’s New Critical Illness Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition.

Beyond the specific details as mentioned in this circular in respect of this rider, any additional details like refund to be made in respect of this rider on surrender of base plan etc., may be referred from the rider circular.

Note: The premiums under all the riders put together shall be subject to a ceiling of 30% of the premium of the Base policy. Any benefit arising under each of the riders shall not exceed the Sum Assured under the Basic product.

ELIGIBILITY CONDITIONS AND RESTRICTIONS of Jeevan Umang:

For Base Plan:
Minimum Age at entry                    : [90] days (completed)

Maximum Age at entry                    : 55 years (nbd) for PPT=15
                                                            50 years (nbd) for PPT=20
                                                            45 years (nbd) for PPT=25
                                                            40 years (nbd) for PPT=30

Premium Paying Term (PPT)            : [15, 20, 25 and 30] years

Minimum age at the end of the PPT : [30] years (nbd)

Maximum Age at the end of PPT     : [70] years (nbd)

Age at Maturity                               : [100] years (nbd)

Policy Term                                     : [100-age at entry] years

Minimum Basic Sum Assured          : Rs. 2,00,000

Maximum Basic Sum Assured         : No Limit

The Basic Sum Assured Shall be in multiples of Rs. 25,000/— only.


Age at entry for the Policyholder is to be taken as age nearer birthday (nbd) except for the minimum age at entry 90 days i.e. where it is completed days.

LIC JEEVAN UMANG Plan 845 Calculator

In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either one day before the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.

Date of issuance of policy:

It is a date when a proposal after underwriting is accepted as a policy and the contract gets effected.

Date of vesting under this plan (Applicable only if the Life Assured is below 18 years on
the- date of commencement of policy):

If the policy is inforce and the Life Assured is alive on the vesting date and if a request in writing for surrendering the policy has not been received by Corporation before such vesting date from the person entitled to the policy moneys, this policy shall automatically vest in the Life Assured on such vesting date i.e. on the policy anniversary coinciding with or immediately following the completion of 18 years of age and shall on such vesting be deemed to be a contract between the Corporation and the Life Assured.

For LlC’s Accidental Death and Disabiligy Benefit Rider:

Minimum Entry Age                         : 18 years (completed)

Maximum Entry Age                        : The cover can be opted for at inception or at any policy anniversary thereafter, provided the outstanding premium paying term under the base plan is at least 5 years.

Maximum cover ceasing Age           : 70 years (nbd)

Minimum Accident Benefit Sum Assured : Rs. 10,000/-

Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured under the Base Plan subject to the maximum of Rs.100 lakhs overall limit taking all existing policies of the Life Assured under individual as well as group policies including policies with inbuilt accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.

The Accident Benefit Sum Assured shall be in multiples of Rs. 10,000/-only.

For LIC’s Accident Benefit Rider: (cover under this rider shall be available during the PPT only)

Minimum Entry Age                            : 18 years (completed)

Maximum Entry Age                           : The cover can be opted for at inception or at any policy anniversary thereafter, provided the outstanding premium paying term under the base plan is at least 5 years.

Cover ceasing Age                              : Age at the end of premium paying term

Minimum Accident Benefit Sum Assured : Rs. 20,000/-

Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured
under the base plan subject to the maximum of Rs.100 Iakh overall limit taking all
existing policies of the Life Assured under individual as well as group policies including
policies with inbuilt accident benefit taken with Life Insurance Corporation of India and
the Accident Benefit Sum Assured under the new proposal into consideration.


The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-only.


Note :The overall limit of Accident Benefit Sum Assured shall be inclusive of Sum Assured under both the Accident Benefit riders i.e. the LlC’s Accidental Death and Disability Benefit Rider and LlC’s Accident Benefit Rider.

For LlC’s New Term Assurance Rider:

Minimum Entry Age                                       : 18 years (completed)

Maximum Entry Age                                      : 55 years (nbd) for PPT=15
                                                                          50 years (nbd) for PPT=20
                                                                          45 years (nbd) for PPT=25
                                                                          40 years (nbd) for PPT=3O

Premium paying term                                     : same as Base plan

Maximum policy term                                    : 35 years

Maximum cover ceasing Age                         : 75 years (nbd)

Minimum Term Assurance Rider Sum Assured: Rs. 1,00,000/-

Maximum Term Assurance Rider Sum Assured: An amount less than or equal to the Basic Sum Assured under the Base plan, but not exceeding the overall limit of Rs.25 Iakhs taking all Term Assurance Rider Sum Assured under all existing policies of the Life Assured including the new proposal into consideration.

The Term Assurance Rider Sum Assured shall be in multiples of Rs. 5,000/-only.

For LIC’s New Critical Illness Benefit Rider:

Minimum Entry Age                                      : 18 years (completed)

Maximum Entry Age                                      : 55 years (last birthday) for PPT=15
                                                                           50 years (last birthday) for PPT=20
                                                                           45 years (last birthday) for PPT=25
                                                                           40 years (last birthday) for PPT=3O

Maximum cover ceasing Age                           : 75 years (last birthday)

Maximum policy term                                      : 35 years

Premium paying term                                       :same as Base plan

Minimum Critical Illness Sum Assured           : Rs. 1,00,000/-

Maximum Critical Illness Sum-Assured          : An amount equal to the Sum Assured on Death under the Base plan but not exceeding an overall limit of Rs.25 lakh Critical Illness Sum Assured taking all existing policies of the Life Assured under this rider and the Critical Illness Sum Assured under the new proposal into consideration.

The Critical Illness Sum Assured shall be in multiples of Rs 25,000/- only.

MODE OF PREMIUM PAYMENT:

The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (NACH only) or through salary deductions.

LOAN on Jeevan Umang:

Loan facility shall be available under this plan after at least 3 full years premiums have been paid.

If loan is availed during the premium paying term:

The maximum loan as a percentage of surrender value shall be as under:

• For inforce policies- upto 90%
• For paid-up policies- upto 80%

Interest on Loan during the premium paying term shall be paid on compounding half-yearly basis to the Corporation at the rate to be specified by the Corporation at the time of taking loan under this policy. In case the loan is not repaid during the premium paying term and if there is default in interest payment, then due interest on the loan shall be recovered from survival benefits due or any other amount payable under the policy.

If loan is availed after the premium paying term:

The maximum permissible amount of new loan (where no previous loan taken earlier is outstanding) for policies which are entitled for survival benefits shall be arrived at in such a way that the effective annual interest amount payable on loan does not exceed 50% of the annual survival benefit payable under the policy.

Interest on the loan shall be recovered from the survival benefits and at the rate which
shall be specified by the Corporation when the loan is made.

In the event of default in payment of loan interest on the due dates and when the outstanding loan amount along with interest is to exceed the surrender value the policy shall be foreclosed. On foreclosure of- such policies, the difference of surrender value and the loan outstanding amount along with interest, if any, shall be paid to the policyholder and the policy will terminate.

In case a policy becomes a claim by way of death, surrender or maturity the amount of outstanding loan along with all due interest shall be recovered from the claim benefit payment.

Jivan Umang Policy, Jeevan Umang Calculator, pension plan, lic jeevan umang policy, age of 100, life plan policy holder, surrender value calculation, table no 845, lic 100 year plan, lic whole life plan

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

Pradhan Mantri Vaya Vandana Yojana Plan No. 842

Pradhan Mantri Vaya Vandana Yojana (PMVVY) for Senior citizens aged 60 years and above.

Pradhan Mantri Vaya Vandana Yojana Plan No. 842 is a Government subsidized pension Scheme which shall provide an assured return of 8% p.a. payable monthly (i.e. equivalent to 8.30% p.a.) on the pensioner surviving during the policy term of 10 years.

Pradhan Mantri Vaya Vandana Yojana (PMVVY) Plan No. 842 Benefits:

The benefits payable under Pradhan Mantri Vaya Vandana Yojana plan are as under:

Pension Payment :

On survival of the Pensioner during the policy term, Pension in arrears (at the end of each period as per mode chosen by the Pensioner) shall be payable.

Death Benefit:

On death of the Pensioner during the policy term, the Purchase Price shall be refunded to the nominee/legal heirs.

Pradhan Mantri Vaya Vandana Yojana Plan No. 842 Maturity Benefit:

On survival of the pensioner to the end of the policy term, Purchase price and the final pension instalment shall be payable.

Eligibility Conditions and Restrictions:

Minimum Entry Age                : [60] years (completed)
Maximum Entry Age               : No limit
Policy Term                            : 10 Years
Minimum Pension                  : Rs. 1,000 per month / 3,000 per quarter / 6,000 per half year / 12,000 per year
Maximum Pension                 : Rs. 5,000 per month / 15,000 per quarter / 30,000 per half year / 60,000 per year

Ceiling of maximum pension is for a family as a whole i.e. total amount of pension under all
the policies allowed to a family under Pradhan Mantri Vaya Vandana Yojana plan shall not exceed the maximum pension limit.
The family for this purpose will comprise of pensioner, his/her spouse and dependants.

Mode of Pension Payment :

Mode of pension payment shall be monthly, quarterly, half-yearly or yearly.

The pension payment shall be through NEFT or Aadhaar Enabled Payment System.

The first instalment of pension shall be paid after 1 year, 6 months, 3 months, or 1 month from
the date of purchase of the same depending on the mode of pension payment i.e. yearly, half-
yearly, quarterly or monthly respectively.

Pension Rates:

The pension rates are not age specific and the rate of pension for Rs.1000/— purchase price for
different modes of pension payments are as below:

Yearly :                       Rs. 83.00 pa.
Half-yearly :                Rs. 81.30 pa.
Quarterly :                  Rs. 80.50 pa.
Monthly :                    Rs. 80.00 p.a.

The pension instalment shall be rounded off to the nearest rupee.

Purchase Price:

Pradhan Mantri Vaya Vandana Yojana (PMVVY) plan can be purchased by payment of a lump sum Purchase Price. The pensioner has an
option to choose either the amount of pension or the Purchase Price.

For offline sale of policies, the Purchase Price payable shall be accepted by cheques/drafts
payable on the Branch of the Bank which is member of the Local / CTS/ Speed Clearing Center.

The minimum and maximum Purchase Price under different modes of pension will be as under:

Mode of Pension Minimum Purchase Price Maximum Purchase Price

Yearly                                       Rs. 1,44,578/— Rs. 7,22,892/—
Half-yearly                                Rs. 1,47,601/— Rs. 7,38,007/—
Quarterly                                  Rs. 1,49,068/— Rs. 7,45,342/—
Monthly                                    Rs. 1,50,000/— Rs. 7,50,000/—

The purchase price shall be rounded off to the nearest rupee.

Rebates:

No rebate (including CEIS rebate) is available under this Pradhan Mantri Vaya Vandana Yojana.

Taxes:

Statutory Taxes, if any, imposed on this Plan by the Government of India or any other
constitutional tax Authority of India shall be as per the Tax laws and the rate of tax as applicable
from time to time.

Surrender Value:

The scheme allows premature exit during the policy term under exceptional circumstances like
the Pensioner requiring money for the treatment of any critical/terminal illness of self or spouse.
The Surrender Value payable in such cases shall be 98% of Purchase Price.

Loan:

Loan facility is available after completion of 3 policy years. The maximum loan that can be
granted shall be 75% of the Purchase Price.

The rate of interest to be charged for loan amount would be determined from time to time by the
Corporation.

Loan interest will be recovered from pension amount payable under the policy. The Loan
interest will accrue as per the frequency of pension payment under the policy and it will be due
on the due date of pension. However, the loan outstanding shall be recovered from the claim
proceeds at the time of exit.

Suicide Clause: 

There shall be no exclusion on count of suicide and full Purchase Price shall be payable.

Free Look Period :

If a policyholder is not satisfied with the "Terms and Conditions” of the policy, he/she may return
the policy to the Corporation within 15 days (30 days if this policy is purchased online) from the
date of receipt of the policy.

The amount to be refunded within free look period shall be the Purchase Price deposited by the
policyholder after deducting the charges for Stamp duty and pension paid, if any.

Policy stamping :

Policy stamping charges will be at the rate of 20 paisa per thousand of Purchase Price under
this Plan.

Reinsurance:

No reinsurance is required for policies taken under Pradhan Mantri Vaya Vandana Yojana plan.

Assignments/Nominations

Assignment as per section 38 of the insurance Act, 1938 as amended from time to time shall be

allowed in favour of HO of india only, if pensioner opts for loan under the policy.

Nomination by the pensioner is required as per Section 39 of the insurance Act, 1938, as
amended from time to time.

The notice of nomination or change of nomination should be submitted for registration to the
office of the Corporation, where the policy is serviced. In registering nomination the Corporation
does not accept any responsibility or express any opinion as to its validity or legal effect.

Pradhan Mantri Vaya Vandana Yojana - Proposal Form 842

Normal requirements for claim:

All the claim payments under this plan shall be paid through NEFT/ Aadhaar Enabled Payment
System. Other requirements are as under:

For benefit payable on death of the Pensioner:

The normal documents which the claimant shall submit while lodging the claim in case of death
of the Pensioner shall be claim forms, as prescribed by the Corporation, accompanied with
original policy document, proof of title, proof of death, to the satisfaction of the Corporation. if

the age is not admitted under the policy, the proof of age of the Pensioner shall also be
submitted.

For pension payments:

The Pensioner shall submit the Life Certificate in the proforma of the Corporation or online
“Jeevan Pramaan” as enabled by Corporation in this regard at the time intervals as prescribed
from time to time. The pension payments shall be released only on receipt of the Life Certificate.

For benefit payable on Surrender:

The Pensioner shall submit the discharge form along with the original policy document, proof of
medical treatment of self/spouse and proof of age, if the age is not admitted earlier.

For benefit payable on Maturity:

The Pensioner shall submit the discharge form along with the original policy document and
proof of age, if the age is not admitted earlier.

Other Plans :  LIC JEEVAN Akshay VI Table No 189 , LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

LIC AADHAAR SHILA Plan No. 844 Details & Calculator

• Non-linked 
• With-profits  
• Regular Premium Endowment Assurance Plan

LIC AADHAAR Shila Plan 844 Features :

• Exclusively designed for Female Lives 
• AADHAAR Card issued by UIDAI mandatory 
• Available for Standard healthy lives 
• Non- Medical 
• S.A. maximum 3 lakhs

LIC AADHAAR Shila Plan 844 Maturity Benefit's :

On survival to the end of the policy term “Sum Assured on Maturity” along with Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Maturity” is equal to Basic Sum Assured.

LIC AADHAAR Shila Plan 844 Maturity Death Benefit:

On death during first five years:

“Sum Assured on Death” shall be payable.

On death after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Death” is defined as the higher of 10 times of annualised premium OR Absolute amount assured to be paid on death, i.e. 110 % of Basic Sum Assured.

The death benefit shall not be less than 105% of all the premiums paid as on date of death.  

LIC AADHAAR Shila Plan 844 Accident Benefit Rider :

LIC’s Accident Benefit Rider is available as an optional rider by payment of additional premium during the term of the policy. Under an in force policy the LIC’s Accident Benefit Rider can be opted for at any time within policy term of the Base Policy provided, the outstanding policy term of the Base Policy is at least five years.

LIC AADHAAR Shila Plan 844 Auto Cover Period:

“Auto Cover Period” under a paid-up policy is the period from due date of first unpaid premium (FUP), which includes the Grace Period. The applicable duration of Auto Cover Period shall be as under:


If at least three full years’ but less than five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of six months from the due date of first unpaid premium (FUP) shall be available.


If at least five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of two years from the due date of first unpaid premium (FUP) shall be available.

The benefits payable under a paid-up policy during Auto Cover Period shall be as follows:

On Death:

Death Benefit, as payable under an inforce policy will be paid after deduction of


(a) the unpaid premium(s) in respect of the base policy with interest thereon up to the date of death, and


(b) the balance premium(s) for the base policy falling due from the date of death and before the next policy anniversary, if any.  

On Maturity:

“Maturity Paid-up Sum Assured” is payable and shall be equal to [(Number of premiums paid/Total Number of premiums payable) x (Sum Assured on Maturity)]. In addition to the Maturity Paid-up Sum Assured, Loyalty Addition, if any, shall also be payable on maturity.

LIC AADHAAR Shila Plan 844 ELIGIBILITY CONDITIONS AND RESTRICTIONS:

For Base Plan:

Minimum Age at entry : 8 years (completed) 

Maximum Age at entry : 55 years (nearest birthday)
Minimum Policy Term : 10 years
Maximum Policy Term : 20 years
Maximum Age at Maturity : 70 years (nearest birthday)
Minimum Basic Sum Assured per life : Rs. 75,000/-
Maximum Basic Sum Assured per life : Rs. 300,000/-  

The Basic Sum Assured shall be in multiples of Rs.5,000/- from Basic Sum Assured Rs. 75,000 to Rs. 1,50,000/- and Rs.10,000/- for Basic Sum Assured above Rs.1,50,000/-.

“The total Basic Sum Assured under all policies issued to an individual under this plan shall not exceed Rs. 3 lakh”.

These wordings have to appear in the First Premium Receipt (FPR) and in the policy document for every policy under LIC AADHAAR SHILA plan.   Age at entry for the Policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 8 years, where it is in completed years.

LIC AADHAAR Shila Plan 844 Eligibility Conditions and Restrictions:

For Accident Benefit Rider:

Minimum Entry Age : 18 years (completed)
Maximum Entry Age : The cover can be opted for at any time within policy term of the Base Policy provided, the outstanding policy term of the Base Policy is at least five years.

Maximum cover ceasing Age : Same as under the base plan.
Minimum Accident Benefit Sum Assured : Rs. 20,000/-
Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured under the Basic Plan subject to the maximum of Rs.100 lakh overall limit taking all existing policies of the Life Assured under individual as well as group schemes including policies with inbuilt accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.  

The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.

LIC AADHAAR Shila Plan 844 MODE OF PREMIUM PAYMENT :

The modes of premium payment allowable are :

• Yearly 

• Half Yearly 

• Quarterly 

• Monthly ( through NACH only or through salary deductions)

LIC AADHAAR Shila Plan 844 REBATES :

The rebates for base plan are as under :

Mode Rebate:

Yearly mode : 2% of tabular premium
Half-yearly mode : 1% of tabular premium
Quarterly and monthly mode : NIL

High Basic Sum Assured Rebate: 

Basic Sum Assured Rebate (Rs.) 
75,000 to 1,90,000 : Nil
2,00,000 to 2,90,000 : 1.50 ‰  Basic Sum Assured
3,00,000 : 2.00 ‰ Basic Sum Assured

LOAN:

Loan facility is available under LIC AADHAAR SHILA plan, after payment of premiums for at least 3 full years subject to certain conditions.

SURRENDER VALUE:

LIC AADHAAR SHILA policy can be surrendered at any time during the policy term provided at least three full years’ premiums have been paid.  

LIC AADHAAR Shila Plan 844 Premium Calculation Chart

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

LIC AADHAAR STAMBH Plan No. 843 Details & Calculation

• Non-linked 
• With-profits 
• Regular Premium Endowment Assurance Plan

LIC AADHAAR STAMBH Plan 843 Features :

• Exclusively designed for Male Lives 
• AADHAAR Card issued by UIDAI mandatory 
• Available for Standard healthy lives 
• Non- Medical 
• S.A. maximum 3 lakhs

LIC AADHAAR STAMBH Plan 843 Maturity Benefit's :

On survival to the end of the policy term “Sum Assured on Maturity” along with Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Maturity” is equal to Basic Sum Assured.

LIC AADHAAR STAMBH Plan 843 Maturity Death Benefit:

On death during first five years:

“Sum Assured on Death” shall be payable.

On death after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Death” is defined as the higher of 10 times of annualised premium OR Absolute amount assured to be paid on death, i.e. Basic Sum Assured.

The death benefit shall not be less than 105% of all the premiums paid as on date of death.  

LIC AADHAAR STAMBH Plan 843 Accident Benefit Rider :

LIC’s Accident Benefit Rider is available as an optional rider by payment of additional premium during the term of the policy. Under an in force policy the LIC’s Accident Benefit Rider can be opted for at any time within policy term of the Base Policy provided, the outstanding policy term of the Base Policy is at least five years.

If this benefit is opted for, and if Life Assured is involved in an accident, leading to death and such incident shall occur within 180 days from the date of accident then an additional amount equal to the Accident Benefit Sum Assured is payable. However, the policy shall have to be in force at the time of accident irrespective of whether or not it is in force at the time of death.

LIC AADHAAR STAMBH Plan 843 Auto Cover Period:

“Auto Cover Period” under a paid-up policy is the period from due date of first unpaid premium (FUP), which includes the Grace Period. The applicable duration of Auto Cover Period shall be as under:


If at least three full years’ but less than five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of six months from the due date of first unpaid premium (FUP) shall be available.


If at least five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of two years from the due date of first unpaid premium (FUP) shall be available.

The benefits payable under a paid-up policy during Auto Cover Period shall be as follows:

On Death:

Death Benefit, as payable under an inforce policy will be paid after deduction of


(a) the unpaid premium(s) in respect of the base policy with interest thereon up to the date of death, and


(b) the balance premium(s) for the base policy falling due from the date of death and before the next policy anniversary, if any.  

On Maturity:

“Maturity Paid-up Sum Assured” is payable and shall be equal to [(Number of premiums paid/Total Number of premiums payable) x (Sum Assured on Maturity)]. In addition to the Maturity Paid-up Sum Assured, Loyalty Addition, if any, shall also be payable on maturity.

LIC AADHAAR STAMBH Plan 843 ELIGIBILITY CONDITIONS AND RESTRICTIONS:

For Base LIC AADHAAR STAMBH Plan:

Minimum Age at entry : 8 years (completed) 

Maximum Age at entry : 55 years (nearest birthday)
Minimum Policy Term : 10 years
Maximum Policy Term : 20 years
Maximum Age at Maturity : 70 years (nearest birthday)
Minimum Basic Sum Assured per life : Rs. 75,000/-
Maximum Basic Sum Assured per life : Rs. 300,000/-  

The Basic Sum Assured shall be in multiples of Rs.5,000/- from Basic Sum Assured Rs. 75,000 to Rs. 1,50,000/- and Rs.10,000/- for Basic Sum Assured above Rs.1,50,000/-.

“The total Basic Sum Assured under all policies issued to an individual under LIC AADHAAR STAMBH plan shall not exceed Rs. 3 lakh”.

These wordings have to appear in the First Premium Receipt (FPR) and in the policy document for every policy under LIC AADHAAR STAMBH plan.   Age at entry for the Policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 8 years, where it is in completed years.

LIC AADHAAR STAMBH Plan 843 Eligibility Conditions and Restrictions:

For Accident Benefit Rider:

Minimum Entry Age : 18 years (completed)
Maximum Entry Age : The cover can be opted for at any time within policy term of the Base Policy provided, the outstanding policy term of the Base Policy is at least five years.

Maximum cover ceasing Age : Same as under the base plan.
Minimum Accident Benefit Sum Assured : Rs. 20,000/-
Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured under the Basic Plan subject to the maximum of Rs.100 lakh overall limit taking all existing policies of the Life Assured under individual as well as group schemes including policies with inbuilt accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.  

The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.

LIC AADHAAR STAMBH Plan 843 MODE OF PREMIUM PAYMENT :

The modes of premium payment allowable are :

• Yearly 

• Half Yearly 

• Quarterly 

• Monthly ( through NACH only or through salary deductions)

LIC AADHAAR STAMBH Plan 843 REBATES :

The rebates for base plan are as under :

Mode Rebate:

Yearly mode : 2% of tabular premium
Half-yearly mode : 1% of tabular premium
Quarterly and monthly mode : NIL

High Basic Sum Assured Rebate: 

Basic Sum Assured Rebate (Rs.) 
75,000 to 1,90,000 : Nil
2,00,000 to 2,90,000 : 1.50 ‰  Basic Sum Assured
3,00,000 : 2.00 ‰ Basic Sum Assured

LOAN:

Loan facility is available under LIC AADHAAR STAMBH plan, after payment of premiums for at least 3 full years subject to certain conditions.

SURRENDER VALUE:

The policy can be surrendered at any time during the policy term provided at least three full years’ premiums have been paid.  

LIC AADHAAR STAMBH Plan 843 Premium Calculation Chart

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

Buy Cheapest Online Health Insurance Online Plan

Religare Health Insurance Care Plan Features

Features/ Plan (SI)	5, 7, 10 lacs	Elite Plus- 15, 20, 25, 30, 40 lacs
In patient hospitalization	Upto Sum Insured	Upto Sum Insured
Pre-hospitalization	30 days	30 days
Post-hospitalization	60 days	60 days
Day Care Treatments	Yes	Yes
Room Rent	Single Private Room	Single Private Room (upgradable to next level)
ICU charges	No Sub-Limit	No Limit
Ambulance Cover	Rs.2,000/ hospitalization	Rs.2,500/ hospitalization
Domicilliary hospitalization	Upto 10% of SI	Upto 10% of SI
Health Check-up	Yes, all members	Yes, all members
Recharge of SI	Yes	Yes
No Claim Bonus	Yes	Yes
Organ Donor Cover	Rs.100,000	Rs.200,000
Second opinion	Yes	Yes
Alternative Treatments	Upto Rs.20,000	Upto Rs.30,000

To buy Cashless Health Insurance click Religare Health Insurance. 

Religare Health Insurance Care Policy Terms

Policy Terms
Minimum entry age	91 days
Maximum age	No age bar
Renewal	Lifelong Renew-ability. The Policy can be renewed under the then prevailing
Renewal Premium	Premium payable on renewal and on subsequent continuation of cover arc subject to change with prior approval from IRDA.
Co-payment	No Co-payment in policy, if age of the eldest member insured with us at the time of first policy is below 61 years. 20% Co-payment will be applicable in policy, if age of the eldest member insured with us at the time of first policy is 61 years or above 61 years i.e. you will have to pay 20% of the claim amount under the policy, if any.
Waiting period	30 days for any illness except injury
Waiting period for pre-existing illnesses	Four years of continuous coverage
Change in Sum Insured	You can enhance your sum insured under the policy only upon renewal
Grace period	30 days from the date of expiry to renew the policy

Plan Details

Cashless Hospitalization & Day Care Treatment

If you are admitted to a hospital for in-patient care, for a minimum period of 24 consecutive hours, we pay from room charges to operation theatre charges and more. We also pay for your medical expenses if you undergo even a day care treatment at a hospital that requires hospitalization for less than 24 hours - we cover a comprehensive range of 170 day care treatments, the highest in industry. You will also get cashless treatment at our over 4758+ network hospitals and reimbursement in any other hospital of your choice.

Pre & Post hospitalization

We cover the related medical expenses incurred by you even 30 days before your hospitalization. There may also be follow-up visits to your medical practitioner, medication that is required etc. We cover the related medical expenses incurred by you after your hospitalization also, for a period of 60 days.

Auto Recharge of your Sum Insured

If due to claims made, you ever exhaust your health cover, we recharge the entire sum insured of your policy for you, in the policy year. This is applicable on all policies. All this at no extra cost!

Avail Health Check-ups, every year

Our wish is your good health. To pre-empt your ever having to visit a hospital, you can avail our comprehensive health check-ups for yourself and members covered as adult in the policy, every year. Even if you make a claim with us! Just call our call center anytime, to schedule your appointment. Its simple.

Daily Allowance

This will help you take care of the incidental non-medical expenses (attendant meals, transportation etc.) incurred during hospital stay.

No Sub-Limits !

As far as we are concerned, it is your money – All our plans come without any cap on vital expenses like doctor/surgeon fees, operation theater & allied charges, to name a few. No room rent limit charges plans start from 5 Lac.

Avail Treatment anywhere in the World

Our care knows no boundaries, literally. So, while we ensure you have access to the best healthcare services, we leave it to your discretion whether you would wish to avail certain specialized treatments in India or abroad and reimbursed as per policy. Available for sum insured of 50 and 60 Lacs plans.

No Co-Payment Plans

Co-payment means the insured would have to pay a part of the claim amount. Generally, companies ask for 20%. But ALL of our plans are 'No Co-payment' plans for entire life, if the person to be insured is less than 61, at the time of 1st buy of the policy. If the person is more than 61 yrs at the time of 1st buy of policy, they can choose 3 or 4 Lacs plans to have 'No Co-Payment' Option plan.

No 'Claim-based' loading & Get Lifetime Renewability

We want you there for you, for your entire life. That's why none of our plans have any 'Claim-based loading' of premiums at the time of renewals. The Policy can also be renewed lifelong under the prevailing Health Insurance Product or its nearest substitute approved by IRDA.

Get additional 100% No-Claim Bonus

If you did not need to have any claim in your health insurance policy in a year, you will get a super increase of 50% bonus in your sum insured every year in additon to 10%. Your bonus keeps building up, up to 100% of your sum insured! It’s just our way to tell you that we’re there with you in good times and in bad. This benefit is available in Super No-claim bonus plans. In all other plans you get an increase of 10 per cent in your sum insured during the next year. And for every year that you enjoy un-interrupted good health, your bonus keeps building up, up to 50% of your sum insured!

Review your decision

After purchasing your policy, if you find it unsuitable, you can cancel the same with us. Our policy comes with a free look period of 15 days.

Other great Tax benefits-

There's still lot more we have for you! All our policies are eligible for claiming deduction for Tax Benefit under section 80D, Floater Cover, Ambulance expenses covered, Organ donor medical expenses covered, Domiciliary hospitalisation covered, Increase your Policy’s Sum Insured even later,10%discount on 3 year policy term and 7.5% Discount on 2 year policy terms, online instant health insurance buy and more.

47817 care -_health_insurance_plan_brochure from Satyendra Gupta


To buy Cashless Health Insurance click Religare Health Insurance. 

LIC New Bima Diamond Money Back Plan 841

LIC Bima Diamond plan is the new Money Back insurance policy from LIC of India. It is a non-linked, traditional money back insurance policy. This plan provides financial support for the family not only during the policy term but also beyond the policy term during Extended Cover period.

LIC Bima Diamond Plan Features

LIC Bima Diamond Plan Benefit & Features

Minimum Sum Assured

The minimum sum assured for the LIC Bima Diamond Plans should be Rs 1 lac.

Maximum Sum Assured

This plan offers maximum Rs 5 lacs of Sum Assured. You cannot take sum assured of 5 lacs under this plan. For more sum assured you can take LIC Endowment Plan 814.

Policy Term / Premium Paying Term

16/10, 20/12 & 24/15 years where 16,20 & 24 is Policy Term while 10, 12 & 15 are premium paying term.

LIC Bima Diamond 841 Maturity Illustration 10 Years Premium Paying Term

Above Illustration is for

Age                                      : 30 years
Sum Assured                       : 5,00,000 (5 Lacs)
Premium Paying Term          : 10 years
Policy / Maturity Term           : 16 years
Assumed Loyalty Addition    : 340 per 1000

Minimum age at Entry

LIC is a Money back plan so you can take it for your son or daughter who are older then 18 years or for yourself. The minimum age for this policy is 14 years (nbd).

Maximum age at Entry

16 Years Policy Term : 50 years (nbd)

20 Years Policy Term : 45 years (nbd)

24 Years Policy Term : 41 years (nbd)

Maximum age at Maturity

16 Years Policy Term          : 66 years (nbd)

20 & 24 Years Policy Term : 65 years (nbd)

Extended Cover Period

Bima Dimaond covers extended cover period, i.e for 16/10 years term policy extended cover would be next 8 years i.e. you will be covered for 24 years while for 20/12 policy you will be covered for 20 years & for 24/15 plan you will be covered for 36 years. This period starts after elapsation of  policy term and applicable for inforce policies as on the date of maturity.

Date of Commencement of Risk

Under this plan, risk will be immediately commenced from the date of issue policy.

Date of issuance of policy is a date when a proposal after underwriting is accepted as a policy and the contract gets effected between LIC and Customer.

Auto Cover 

Auto Life cover is provided for 2 years even if the premium is not paid. This benefit will be extended only if 5 policy years are completed.

LOAN

Loan facility is available in this plan only after payment of premiums are paid at least 3 full years with few below conditions:

For Inforce policies : Upto 90%

For paid up policies : Upto 80%

Percentage may vary time to time. For more details contact us.

LIC Bima Diamond 841 Maturity Illustration 12 Years Premium Paying Term

Above Illustration is for

Age                                      : 30 years
Sum Assured                       : 5,00,000 (5 Lacs)
Premium Paying Term          : 12 years
Policy / Maturity Term           : 20 years
Assumed Loyalty Addition    : 500 per 1000

Death Benefits 

In case of the death of Life Assured before the date of Maturity

During the first 5 policy years “Sum Assured on Death” will be paid to the nominee.

After completion of 5 policy years but before the date of maturity: “Sum Assured on Death” and Loyalty addition (if any) will be paid to the nominee of the Life Assured.

The death benefit will not be less than the 105% of all the premium paid in the policy as at the date of death of the life assured. (The premium referred above will not include any taxes, extra amount charged due to underwriting decision and rider premium, if any.)

In case of the death of Life Assured during the extended cover period

An amount equal to 50% of Basic sum assured will be paid to the nominee.

LIC’s Accidental Death and Disability Benefit Rider

If this benefit is opted for, an additional amount equal to “Accidental Benefit sum Assured” is Payable on death due to Accident, provided the rider is inforce at the time of the accident. In the case of the accidental permanent disability (within 180 days from the date of accident) an additional amount equal to “Accidental Benefit sum Assured” is Payable in equal monthly installments spread over 10 years. The future premium will be waived for the accidental benefit rider and premiums for the portion of Basic sum assured will be waived. This rider can be taken at the inception of the policy or before the premium term is over.

LIC’s New Term Assurance Rider

If this benefit is opted for, an additional amount equal to “Term Assurance Rider sum Assured” is Payable on death to nominee, provided the rider is inforce at the time of the death of the Life Assured. This rider can be taken at the inception of the policy.

Survival Benefits

If life assured survives to the specified duration during the policy term, then a fixed percentage of Basic Sum Assured is  will be payable to the life assured. The fixed percentage in various terms are mentioned below:

Money Back

Guaranteed Money back every 4 Years, during the policy term. Bima Dimaond Money back after every 4 yrs 15% in 16 and 20 yrs term plan  and 12% of BSA (Basic Sum Assured) in 24 yrs term.

Example:

For Policy Term 16 years :
15% of BSA at the end of each of 4, 8, 12 policy year. It means if you have taken a Sum Assured of 5 Lacs, you will get 75 thousand 4th, 8th & 12th policy year.

For Policy Term 20 years :
15% of BSA at the end of each of 4, 8, 12, 16 policy year. It means if you have taken a Sum Assured of 5 Lacs, you will get 75 thousand 4th, 8th , 12th & 16th policy year.

For Policy Term 24 years :
12% of BSA at the end of each of 4, 8, 12, 16, 20 policy year. It means if you have taken a Sum Assured of 5 Lacs, you will get 60 thousand 4th, 8th , 12th, 16th & 20th  policy year.

LIC lic-bima-diamond-money-back-plan-841-presentation

LIC Bima Diamond Money Back Plan 841 Presentation

LIC Money Back Plan 841 Presentation 

If the Life Assured survives till the end of the policy term, “Sum Assured on Maturity” along with Loyalty Addition, if any will be payable to the Life Assured.

Where “Sum Assured on Maturity” in this is

55% of Basic Sum Assured in policy term 16 years

40% of Basic Sum Assured in Policy terms 20 and 24 years.

Optional Benefits

Proposer can opt for the optional riders by payment of additional premium. Benefits under the optional rider will be available during the policy term only.

LIC Bima Diamond 841 Maturity Benefit Illustration with 15 Years Premium Paying Term

Above Illustration is for

Age                                      : 30 years
Sum Assured                       : 5,00,000 (5 Lacs)
Premium Paying Term          : 15 years
Policy / Maturity Term           : 24 years
Assumed Loyalty Addition    : 815 per 1000

LIC BIMA DIAMOND PREMIUM CHART CALCULATOR 841

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