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LIC's Endowment Plus (Table No.802) is a unit linked Endowment plan which offers investment-cum-insurance during the term of the policy. You can choose the level of cover within the limits, which will depend on mode and amount of premium you want to pay. LIC Endowment Plus plan features at glance: * Critical Illness Benefit * Accident Benefit * Partial withdrawals * Loan on policy Read More »

Jeevan Amrit (Plan No.186) is designed to meet the needs of persons having high earning for short span, wherein the income may decrease or stop thereafter. During the period of high income, the premium paying capacity of such persons is quite high. The premium will be high during first year and thereafter premium comes down significantly i.e. to the extent of half or 1/3rd or 1/4of the first year premium. You can choose the policy term from 10 to 30 years. Under Jeevan Amrit plan premium payment is limited to 3 or 4 or 5 years. During PPT, the premium payable in subsequent years is higher than the premium payable during the first year. Read Rest of the Jeevan Amrit details Here --> http://www.mylicindia.com/jeevan-amrit/ Read More »

Endowment Plan Summary: It is one of the oldest and popular LIC plan. Endowment plan (Table 14) provides financial assistance to the family of the life assured in the event of policy holders early death or a lumsum amount on policy holders survival upto the selected term. Hence, Endowment plan (Table 14) provides for family income in the event of ... Read More »

Limited Payment Endowment Plan Summary: This is an Endowment policy similar to Table No.14. LIC’s Limited Payment Endowment (Table no.48) provides the flexibility of choosing the Premium Paying Term (PPT). If you want to pay premium only for few years then this is right endowment plan for you. All other features are quite similar to Endowment Assurance plan. The best ... Read More »

Jeevan Saathi Summary: LIC’s Jeevan Saathi (Table No.89) is specially designed for married couples. It is for husband and wife who wants single policy for joint life risk cover. Key features: Unique Joint Life Insurance Policy from India’s No.1 Insurance company Tax benefit You can pay monthly, quarterly, half yearly or yearly premiums. Maturity Benefits: Sum assured plus Bonus are ... Read More »

Jeevan Mitra (Double Cover Endowment Plan) Summary: Jeevan Mitra – Double Cover (Table No.88) is for people who need a big sum assured / financial protection to his/her family in case of unfortunate death during policy period. Jeevan Mitra plan is not allowed for non-earning majors including students. (i) When occupational extra is chargeable (ii) Pregnant ladies. Premiums: You can ... Read More »

Jeevan Mitra Summary: Jeevan Mitra – Triple Riskcover plan (Table No.133) is a refined version of endowment plan. Jeevan Mitra – Triple Riskcover is ideal for the persons who require high risk cover and at the same time want provision for certain needs. This plan is also good for persons availing housing loans etc. This is an Endowment Assurance plan ... Read More »

New Janaraksha Plan is an Endowment Assurance plan that provides financial protection against death throughout the term of plan. It provides full life insurance for 3 years even when the premiums are not paid. New Janaraksha Plan (with Profits) is specially designed for people with irregular income and whose job is not secure due to fluctuating income, i.e. Workers with unorganized sector, Daily wage earners, Call Center Employees, Farmers, Small businessman etc. Read More »

Jeevan Shree-I is an Endowment assurance plan. Jeevan Shree-I is offering the choice of many convenient premium paying terms. It provides financial protection against death throughout the term of plan with the payment of maturity amount on survival to the end of the policy term. Jeevan Shree-I is suitable for high worth individuals i.e Corporate Executives, Professionals, Software Engineers, Industrialists, Consultants, Estate owners, Builders, NRIs, Models, Film stars, etc. Read More »

Jeevan Anand is the combination of Endowment Assurance and Whole Life plan. The risk cover will continue even after the maturity, that means Zindagi Ke Saath Bhi Zindagi Ke Bad Bhi... Jeevan Anand plan no. 149 provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival. For Example: Mr. Pankaj, age 25 years, takes Jeevan Anand policy for 25 years for Sum Assured Rs. 1 lakh. Now on Maturity Pankaj will receive Rs. 2,12,500/- (Rs. 1 lakh sum assured Plus Rs.1,12,500/- is the estimated bonus at Rs.45/- per thousand per year.) In case, Mr. Pankaj, dies ( After premium paying term is over) at the age of 60 years, his nominee will get additional Rs. 1 lakh equal to sum assured amount. Since Mr. Pankaj has already received the bonus, LIC will not pay second time bonus. In case, Mr. Pankaj dies during the Premium Paying Term, his nominee will get Rs.1 Lakh (sum Assured) + Accrued bonus till Mr. Pankaj's death. Key Features: 1. Jeevan Anand is the combination of Whole Life and Endowment Assurance plan. 2. Even after the Premium Paying Term (PPT) is over, risk cover continues till the death of the policy holder. 3. Accident Benefit is available during the Premium paying term adn thereafter upto age 70. 4. Limited premium payments. 5. Double accidental cover upto age 70. 6. Tax Savings more.......... Read More »