This is a single premium, non-linked, with profits Money Back type Plan. DEATH BENEFIT: During 1st five years policy years : Sum Assured only. After completion of five policy years : Sum Assured + Loyalty Addition, if any. SURVIVAL BENEFIT: For Policy Term of 9 years :15% of SA, after 3rd & 6th policy year. For Policy Term of 12 years :15% of SA, after 3rd ,6th … [Read more...] about New Bima Bachat (816)
Bima Diamond ( 841)
This is a non-linked, with profits, limited premium money back type plan with extended risk cover equal to 50% of S.A. for half the policy term after maturity. DEATH BENEFIT: During Policy Term: During first 5 years : Sum Assured on Death After Completion of 5 policy years : Sum Assured on Death + Loyalty Additions, if any. Sum Assured on Death = Higher of Basic SA … [Read more...] about Bima Diamond ( 841)
LIC New Jeevan Akshay – VI (189)
This is an immediate annuity plan, which provides for immediate annuity in consideration of lump sum amount. The annuity payable is Guaranteed for the life time. Service Tax is payable @1.50% of purchase price. Type of Annuity Options: i) Annuity for life ii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter iii) Annuity for life with return of … [Read more...] about LIC New Jeevan Akshay – VI (189)
LIC New Jeevan Nidhi (818)
This is a with profits deferred pension plan, which provides for death cover during the deferment period, and annuity on survival to the date of vesting. The policy provides for Guaranteed Additions @ Rs-50/- per thousand Sum assured for the first 5 years. From 6th year onwards the vested simple Reversionary Bonus and Final Additional Bonus if any will also be payable either … [Read more...] about LIC New Jeevan Nidhi (818)
LIC Amulya Jeevan II Plan (823)
This is a regular premium, without profits, Pure Protection Plan. DEATH BENEFIT: Sum Assured only. MATURITY BENEFIT: No benefits are payable. Example*: Age- 35, S.A.- `25,00,000, Term - 25 years, Basic Yly Premium: `7100 Entry Age 35 In case of Death at Age 40 Death Benefit = `25,00,000 Maturity at Age 60 Maturity Benefit = No benefits are … [Read more...] about LIC Amulya Jeevan II Plan (823)