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.- `15,00,000, Term - 25 years, Basic Yly Premium: `7365 Entry Age 35 In case of Death at Age 40 Death Benefit = `15,00,000 Maturity at Age 60 Maturity Benefit = No benefits are … [Read more...] about LIC Anmol Jeevan II Plan (822)
Aadhaar Stambh (843) LIC’s Aadhaar Stambh Plan offers a combination of protection and savings. This plan is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). Aadhaar Stambh provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at … [Read more...] about Aadhaar Stambh (843)
Term Insurance Claim Settlement Ratio is one of the important attributes to measure a company’s performance and customer satisfaction. Claim Settlement Ratio for Term Life Insurance can go to as high as 99%. Based on the latest stats, we have provided below the complete list of Claim Settlement Ratio for various Life Insurance companies in India. The Ratios provided below has … [Read more...] about Why LIC Term Insurance is Costly!
LIC's Jeevan Lakshya Policy Features & Returns Calculation LIC’s Jeevan Lakshya plan is a limited premium, non-linked, with profits Endowment Plan. Jeevan Lakshya plan offers a combination of risk coverage along with savings, which gives financial protection to the family in case any unfortunate event occurs. Premiums are payable for 3 years less than the policy term. … [Read more...] about LIC Jeevan Lakshya Plan (833)
This is a limited premium, non-linked, with profits Endowment Plan. DEATH BENEFIT: Sum Assured on Death + Vested Bonus + FAB if any. Sum Assured on Death= Higher of 10 times of annualized Premium or Basic SA. Death Benefit shall not be less than 105% of total premiums paid as on date of death. The premiums exclude taxes, extra premium and rider premiums. MATURITY … [Read more...] about LIC Jeevan Labh Plan (836)