Why Insurance?

Why Buy Life Insurance Policy?

Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.

Though human life cannot be valued, a monetary sum could be determined based on the loss of income in future years. Hence, in life insurance, the Sum Assured ( or the amount guaranteed to be paid in the event of a loss) is by way of a ‘benefit’. Life Insurance products provide a definite amount of money in case the life insured dies during the term of the policy or becomes disabled on account of an accident.

Why you should buy Life Insurance?

All of us face the risks of Dying too soon Living too long.

Life Insurance is needed:

• To ensure that your immediate family has some financial support in the event of your demise.
• To finance your children’s education and other needs.
• To have a savings plan for the future so that you have a constant source of income after retirement.
• To ensure that you have extra income when your earnings are reduced due to serious illness or accident.
• To provide for other financial contingencies and life style requirements.

Who needs Life Insurance?

Primarily, anyone who has a family to support and is an income earner needs Life Insurance. In view of the economic value of their contribution to the family, housewives too need life insurance cover. Even children can be considered for life insurance in view of their future income potential being at risk.

How much Life Insurance is needed?

The amount of Life Insurance coverage you need will depend on many factors such as:

• How many dependents you have.
• What kind of lifestyle you want to provide for your family.
• How much you need for your children’s education.
• What your investment needs are.
• What your affordability is.

You should seek the help of an insurance agent or broker to understand your insurance needs and suggest the right type of cover.

Jeevan Akshay-VI

It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities.

JEEVAN UTKARSH-846

                        LIC Presents

                    JEEVAN UTKARSH-846

1.     Single Premium CONVENTIONAL with profits.

2.     Policy returns are tax free.

3.     Plan open for sale up to 31/03/2017 only.

FEATURES:

1.     Policy Term 12 Years.

2.     Minimum Sum Assured = 75000

3.     Persons aged 6 years (Completed) to 47 years are eligible.

BENEFITS:

1.     On Maturity: Sum Assured on Maturity + Loyalty Addition

2.     On Death: 

• On death during first five policy years: Before the date of commencement of risk:

Refund of Single premium without interest, taxes and extra premium and rider premium (if any) Charged.

•  After the date of commencement of risk: "Sum Assured on Death" shall be payable.
• On death after completion of five policy but before the stipulated date of maturity: "Sum Assured on Death" equal to 10 times the Tabular Single premium along with Loyalty Addition, if any, shall be payable.

OPTIONAL BENEFITS:

• LIC's Accidental Death and Disability Benefit Rider UIN (512B209V01)

ATTRIBUTES:

• Very competitive premium for all ages groups with rebate for high sum assured
• Loan available from 3 months after issuance of policy.*
• Surrender Value (70% first Year & 90% of the Single Premium subsequently)

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MONEY BACK PLANS

MONEY BACK PLANS

MONEY  BACK  PLANS

THE MONEY BACK-20 YEARS-75 Min.Age  =13 Max.Age =50 Term =20 yrs Min.Sum Assured  = 50000 Max.Sum Assured = Any Amount Premium Paying Mode : Single/Year/H.year/Qtr SUITABILITY: Businessmen & Professional As Money Available At regular intervals. PRODUCT: 20% of Sum Assured Is Paid Once in Every 5 Years. SURVIVAL BENEFIT: End Of 5th ,10th & 15th  Year Policyholder Get = 20% Of Sum Assured MATURITY BENEFIT: On Maturity Will Get = 40% Sum Assured + Bonus DEATH BENEFIT: Nominee Will Get = Sum Assured + Bonus EXAMPLE: AGE=30 TERM=20year SUM ASSURED= 1 LAC  Premium Paying Term = 20 Years Only Premium                       =  Rs 6480 / Year        SURVIVAL BENEFIT: End Of 5th ,10th & 15th  Year Policyholder Get = Rs 20000 MATURITY BENEFIT: On Maturity Will Get = Rs 130000 Reinvestnent: If  The Survival Benefit Reinvested @ 9% Interest For Remaining Term End of Year Survival Benefit If Reinvested@9% 5th    Year 20000   73000 10th  Year 20000   47000 15th  Year 20000   31000 20th  Year 40000+90000 130000 Total  281000 DEATH BENEFIT: If Death Rises 11th  Year  Nominee Will Get = Rs 140000 (also already survival benefit paid to policyholder,end of 5th&10th Year each Rs 20000)

NEW MONEY BACK-25 YEARS-93 Min.Age  =13 Max.Age =45 Term= 25 Years Min.Sum Assured  = 50000 Max.Sum Assured = Any Amount Premium Paying Mode : Single/Year/H.year/Qtr SUITABILITY: Businessmen & Professional As Money Available At regular intervals. PRODUCT: 15% of Sum Assured Is Paid Once in Every 5 Years. SURVIVAL BENEFIT: End Of 5th ,10th ,15th & 20th   Year Policyholder Get = 15% Of Sum Assured MATURITY BENEFIT: On Maturity Will Get = 40% Sum Assured + Bonus DEATH BENEFIT: Nominee Will Get = Sum Assured + Bonus EXAMPLE: AGE=30 TERM=25year SUM ASSURED= 1 LAC Premium Paying Term = 25 Years Only Premium                       =  Rs 5374 / Year        SURVIVAL BENEFIT: End Of 5th ,10th & 15th  Year Policyholder Get = Rs 15000 MATURITY BENEFIT: On Maturity Will Get = Rs 160000 Reinvestnent: If  The Survival Benefit Reinvested @ 9% Interest For Remaining Term End of Year Survival Benefit If Reinvested@9% 5th    Year 15000   84000 10th  Year 15000   55000 15th  Year 15000   36000 20th  Year 15000   23000 25th  Year 40000+120000 160000 Total 358000 DEATH BENEFIT: If Death Rises 12th  Year  Nominee Will Get = Rs 150000 (also already survival benefit paid to policyholder,end of 5th&10th Year each Rs 15000)

Jeevan Lakshya LIC Plan

LIC of India Presents New Plan -Jeevan Lakshya (Plan No. 833)

LIC’s Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility. It is available for sale from 12/03/2015.

Benefits:

Death Benefit
On death of the Life Assured before the stipulated Date of Maturity provided the policy is in full force by paying upto-date premiums, Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
Where “Sum Assured on Death” is defined as the sum of: Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity.
Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable  on due date of maturity; and The vested Simple Reversionary Bonuses and Final Additional Bonus, if any, included in the Death Benefit, shall be payable on due date of maturity.
The Death Benefit defined above shall not be less than 105% of all the premiums paid as on date of death. Premiums referred above exclude tax, extra premium and rider premium(s), if any.

Maturity Benefit: “Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final Additional Bonus shall not be payable under reduced paid-up policies.

Optional Benefits:
The policyholder has an option of availing the following Rider benefit(s):
LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
LIC’s New Term Assurance Rider (UIN: 512B210V01)
Rider Sum Assured cannot exceed the Basic Sum Assured.

Eligibility Conditions and Other Restrictions:
Minimum Basic Sum Assured         :   Rs. 100,000
Maximum Basic  Sum Assured       :   No Limit (multiples of Rs. 10,000/-)
Policy Term                                     : 13 to 25 years
Premium Paying Term                    : (Policy Term – 3) years
Minimum Age at entry                    :  18 years (last birthday)
Maximum Age at entry                   :  50 years (nearest birthday)
Maximum Maturity Age                 :  65 years (nearest birthday)
Payment of Premiums:
Premiums can be paid regularly during the premium paying term at yearly, half-yearly, quarterly or monthly intervals (through ECS or through salary deductions).
However, a grace period of one month but not less than 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly premiums.

Jeevan Anand LIC Plan

Jeevan Anand (149)           

Features: 

In order to give wider choice to our customers, it has been decided to introduce with effect from 1 February, 2002, 'Jeevan Anand', a With Profit Assurance Plan. Basically, the plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan.The plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.

·         Moderate Premiums High bonus

·         High liquidity

·         Savings oriented .

·         Premiums are usually payable for the selected term of years or until death if it occurs during the term period.

·         This policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.

Suitable For: 

Being an endowment assurance + whole life policy, this plan is apt for people of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.

The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity

provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.

Plan Parameters

	Minimum	Maximum
Entry Age	18	65
Sum Assured	100000	10000000
Term	5	57
Mode of Payment All Modes	Maximum Maturity Age 75	Loan on Policy Yes

Premium Stoppage: 

If payment of premiums ceases after at least THREE years' premiums have been paid, a free paid-up policy for a reduced sum assured will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs. 250/-. The reduced sum assured will become payable on the event as stipulated in the policy ..

Survival Benefits:

Sum assured along with all vested bonuses payable at the end of the premium paying term ( Endowment term).

Death Benefits:

Sum Assured along with vested bonuses are payable on death during the premium paying term and policy ceases. An amount equal to the Sum Assured is payable if death occurs after the premium paying term.

Simple Reversionary Bonus accrues during the premium paying term and is payable at the end of the premium paying term or on earlier death along with Final Additional Bonus, if any. No Bonus is paid on death after the premium paying term.

Insurance Advisor in Kandivali

Insurance Advisor with LIC in Kandivali

LIC Insurance Advisor in Kandivali
I advise you the best Insurance plans for savings as well as risk cover from the wide range of life insurance Plans e.g. Wholelife Plan, Endowment Plan, Moneyback Plan, Child Plan and Pension Plan.

1.                                               Jeevan Lakshay

1. Money Back Plan

1. Jeevan Anand

Insurance Advisor

LIC-JEEVAN UTKARSH-846

                                              
                                                        A single premium payment plan

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SHREE GANESHAY NAMAH

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LIC has several different different investment options. Choose as par your need and future requirements. Some of the Plans are below.

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Children's Money Back Plan

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