Jeevan Surabhi
LIC’s Jeevan Surabhi
Summary:
LIC Jeevan Surabhi is a money back plan. Jeevan Surabhi plan is similar to other LIC money back plans. However main differences in regular moneyback plans and Jeevan Surabhi are as Maturity term is more than premium paying term. Early and higher rate of survival benefit payment. A life insurance cover is available throughout the term of the plan. Risk cover increases every five years.
Jeevan surbhi is a with-profits plan available in 3 different terms of 15 yrs, 20 yrs and 25 years.
LIC Jeevan Surabhi policy is divided into 3 tables depending on the term (Years):
| Plan Name | Table No. /Plan No. | Term (Policy duration) |
| Jeevan Surabhi | Table No. 106 | 15 years |
| Jeevan Surabhi | Table No. 107 | 20 years |
| Jeevan Surabhi | Table No. 108 | 25 years |
Accident Insurance:
Accident Benefit is available
Benefits:
Death Benefits:
1. Accrued bonus is paid if the policy holder dies before maturity.
2. Sum Assured risk cover increases by 50%, Once in every 5 years.
3. Already paid survival benefit to policy holder will not be deducted from the death claim amount.
4. If insurance is financed by parent’s income up to SA of 10 lakhs then this plan is allowed to minor females.
5. Life Risk cover increases without undergoing special medical report or medical exam. You also don’t need to pay extra premium.
6. Accident benefit is provided only on basic SA during premium paying term.
Survival Benefits:
Survival benefit for Rs. 1 Lakh basic SA .
| Policy Term | PPT | 4th yr | 8th yr | 12th yr | 15th yr | 18 yr |
| 15 yrs | 12 yrs | Rs.30,000 | Rs.30,000 | Rs.40,000 | - | - |
| 20 yrs | 15 yrs | Rs.25,000 | Rs.25,000 | Rs.25,000 | Rs.25,000 | - |
| 25 yrs | 18 yrs | Rs.20,000 | Rs.20,000 | Rs.20,000 | Rs.20,000 | Rs.20,000 |
Money Back :
Full sum assured is paid back (Money Back) as survival benefit by the end of premium paying term. However, the risk cover (Insurance) and additional risk cover continues and your policy participates in profits till the end of policy term. Jeevan Surabhi plan is suitable for professionals and Businessmen as they need money periodically.
Income-Tax exemption:
- Premium paid under section 80C of the Income Tax Act within the overall cap of Rs 1 Lakh per annum allowed for tax savings.
- On the claims received either by way of survival benefits or Maturity claims, whatever be the bonus accrued is also non-taxable.
Premiums :
You can pay Jeevan Surabhi Premiums yearly, half-yearly, quarterly, monthly or through salary deductions.
Eligibility Conditions and Restrictions:
Min. age at entry: 14 years. (last birthday)
Max. age at entry:
55 yrs for plan 106
50 yrs for plan 107
45 yrs for plan 108
Min. Sum Assured.: Rs.50,000/-
Max. SA.: No Limit
SA in multiples: Rs. 5000
Max. Maturity age: 70 years.
Min Term: 15 yrs
Max Term: 25 years.
Modes Allowed: All
Policy Loan: Available
Accident benefit per 1000 SA: Re. 1 extra.
Form Number: 300/340
This plan is not allowed for pregnant ladies and when occupation Extra is chargeable.
Example:
Let’s assume Mr. LIC takes Jeevan Surabhi policy for 25 years for Rs. 1 lakh with Premium Paying Term (PPT) 18 years. After 4 years, he will receive Rs 20,000 and again in the 8th year Rs 20,000. If Mr. LIC expires during the 10th year of the policy then his nominee will receive Rs. 2,00,000 (Rs.1,50,000 as claim and Rs.50,000 as bonus at an estimated Rs. 50 per thousand p.a. for 10 years).
How to Apply for LIC Of India’s Jeevan Surabhi Policy?
Contact your nearest Life Insurance Corporation Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)
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Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
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Leave comments:
dear sir/medam
I am intrestted in “LIC jeevan surbhi ” moneyback plan. My policy term is 12years. My husband’s date of birth i s 5/5/71.
Will you provide me premium payment details? How much I have to pay yearly basis premium?
thanking you
aarti
Tabrej Reply:
April 10th, 2010 at 11:38 am
Age: 39
SA: 1 Lakh
Yearly Premium: Rs.11,422 for 15 yrs term and Rs.10, 214 for 20 years term.
thanks for your valuable replay,
will you futher clear my dought
1> can we apply for SA amt. of Rs.50000/-
2> how much our premium amt., how much we get money back periodicaly.
Tabrej Reply:
April 14th, 2010 at 1:57 pm
Yes, you can apply for Rs.50,000 sum assured. Yearly premium would be Rs.5,761/- Apply online here: http://mylicindia.com/apply
dear sir / medam,
In “JEEVAN SURBHI ” money back plocy, this is whole details of my husband…
1> D.O.B. 5/5/71
2> SA 50,000/-
3> Policy term 12years
will you pls guide me…
1> how much premium we have to pay yearly basis?
2> how much money can we get back after how many year?
thanking you
Tabrej Reply:
April 14th, 2010 at 1:52 pm
Yearly Premium: Rs.5,761/- with double accidental benefit.
Rs.15,000 money back every 4th year plus bonus on maturity.
If a person holding foreign passport and residing in India since so many years, have his own buisness, can have a pension plan policy.
Can I get LIC bonus for Jeevan Surabhi which is due in December 2010 after 15 years of maturity in month of May 2010
I am interested in “JEEVAN SURBHI ” money back policy…my details are given below:
1> D.O.B. 18/02/1978
2> SA 1,00,000/-
3> Policy term 12years
would you be able to guide me…
1> how much premium i have to pay on yearly basis?
2> how much money can i get back at what frequency?
3> What abt the bonus portion.?
Thanks in advance
Santha kumar.N.
I wanted to get money back policy (JEEVAN SURBHI)
D.O.B 02/01/1964
SA-15,0000/=
POLICY TERM -12 YEARS
would you like to guide me—
1- How much premium i have to pay yearly
2- How much money can i get back after how many years
Thanking you and looking for your kind and sharp rpely.
With my best regards
Afzal Hasan
sir, i purchaged lic jeevan surbhi (table-106) policy for 15 year , my sa is 200000 lac .d o m is 2013. i have recived a sa of 30%, 30% and 40% , please tell me after maturity how much i will get.
with my best regards
ATUL TYAGI
no. pls send me lic office address nearest in mylapore chennai. i have to go there. whom to meet
Dear Sir,
My age is 26, i would like to go for Jeevan Surbhi for 1,50,000/- sum assurance. So My doubt is how much i need to pay every month and how much money returns back after 15years.
I want to apply this for 15 years.
Should I need to claim for money back to LIC (Bonus amount payable every 4th year). My policy has completed 4 year.
Or LIC will send cheque after completion of 4 years?
Please advise. I will be great full for that.
Thanks a lot!
Pl.send a message about next premium due in the favour of the policy no JEEVAN SURBHI 261964227
i hv taken jeewan surbhi in 1998 for 25 years plan.. now after 12 year i didn’t claim any bonus of 20k…(after 4th, 8th yr. and 12th yr )
how i claim it ..what r the particular i need to claim…
thanx in advance..
Dear tabrej
please reply me as my jeeva surabhi start date is 23 may 2003, which is respectively four year of my money back and what will be the maturity amount my policy is for 20 yr ppt is 15 yr. table no 107
please reply. as my agent is not responding me at all I have tried everywhere to know these quary. thanks in advance.
hi, i am surender, i have jeevan surabhi poicy for the duration of 20 yrs (254942353) for SA Rs 300000. i would like to know how will i get the sum of Rs 75000 after every four years. whether i have to go to LIC office or i will get through cheque at my given address.
waiting for your reply
Policy number-753896976
Hello sir,
We are like continue the policy of above the number of Money Back policy. can u give revival.
i want to enquire about policy status of jeevan surbhi money back 15 yr policy of 50000.policy no.192459598.
Dear Sir/ Mam,
i am sanjay from gurgaon .i want to enquire about policy status of jeevan surbhi money back policy plan no.-107.
i did not this policy details.
so pls send this policy plan complete details in my mail -id
thanks & regards ,
sanjay
I have 15 year premium paying LIC jeevan surabhi plan, premium amount Half yeraly is rs. 9090/- date of commence ment is 12.11.2006 date of matuirity is 12.11.2026. at the date of maturity how much amount i may get approximately.
Hyderabad
Dated 20.10.2010
To
The Branch Manager,
Life Insurance Corporation of India,
Ongole.
Dear Sir,
Sub: Change of address to Hyderabad and remitting Money Back amount to Hyderabad – Requested – Reg.
Ref: Policy No. 840783186.
-o0o-
With reference to the above, I wish to inform you that my change of address as follows:
Pittala Srinivasa Rao,
C/o. M/s. Sagar General Industries,
B-68, APIE, Balanagar,
HYDERABAD – 500 037.
Ph. No.040 – 2377 7480, 2377 4125.
Mob. No.96664 84068.
Since I am working in Hyderabad, I request you to transfer the said Policy to “Balanagar” branch to facilitate easy remittance.
I understand that my money back amount was remitted to my old address, which was returned to your office by Postal authorities, as I was not available at that address.I request you to remit the amount my Hyderabad New address.
Kindly do the needful and oblige.
Thanking you,
Yours faithfully,
[P.Srinivasa Rao]
Dear Sir,
My age is 25, i would like to go for Jeevan Surbhi for 1,50,000/- sum assurance. So My doubt is how much i need to pay every month and how much money returns back after 15years.
I want to apply this for 15 years.
please tell me I want SA Rs.2000000 (Twenty Lakhs) in 10 Years period. Can you tell me what is the Yearly premium
I want Rs.2000000 (Twenty Laks) at end of 10 years Kindly tell me what is the Yearly premium I have to pay However I want Rs.2000000 after 10 Years
Dear Sir,
Please let me know the details for the following
1) My brother is a software engineer and he pays Rs.1300/- for tax every month. He wants to take Jeevan Surabhi for 20 yrs kindly let me know what amount he has to pay as premium to avoid tax.
2) My daughter is 2 1/2 yrs old and I would like to take a LIC policy . I can pay a premium of Rs.500-1000/- per month. Kindly suggest me any good policy for my daughter’s future life
Thanks
Jayapriya
Dear sir/Madam
I am interestted in” LIC jeevan surrbhi” monay back plan.my
12years.my deathof birth 18-04-1982.will you provide me premium payment details? how much i have to pay yearly basis premium?
thank
aftab alam
sir i am confused some agent told me that in lic surabhi 15 yrs plan the annual premium will be 10900, i will get 30000 after four yrs, 30000 again after eight years, 40000 after twelve years and after that a sum of rs 80000 after 15 yrs and the toher agent told me the sum after 15 yrs will be 200000…which one is true???? my dob is 24/06/1978…waiting for ur valuable suggestion.thanks
Hi, I am Raj sagar. In the above jeevan surabhi policy, in thev example provided, the sum assured money is misprinted as 20 lakhs, I think it should be 2 lakhs. Please make necessary corrections so that customers don’t get stunned with such type of figures! Hope corrections will be made ASAP! Thank you.
Could you please let me know in details about the LIC plan called Market Plus. What are its benefits and returns and also the sum assurred
regards
rajesh
I have a money back policy I think it is matured near about 2012 so what amount I have received my policy period 15 year and premium quarterly Rs 1265.00
Please reply as soon as possibly
rajesh
my birth date is 20/06/1975 i wood like to know about money back policy for 20 year plan i.e. maturity period & amount return at end annual premium , what amount i received in instalment
sir,
i already have a money back policy period 15years. i am paying every year RS 18600 TRU AGENT, NOW ALMOST 5YEARS PASSED, HE GAVE ME RS 30000 ON 2009. AND 2011 AGAIN HE SAID ANOTHER RS 20000 WILL GET YOU. WHAT IS THE POLICY THIS ONE, I DID NOT GET HIS IDEA, PLS LET ME KNOW, HOWMANY TYPE OF POLICY IN MONEY BACK, WHAT IS THE ANNUAL PREMIUM CHART, WHICH CHART MY POLICY INCLUDED. I AM WAITING FOR YOUR REPLY.
SUHAIL
Sir,my policy no is 570571014 of Jeevan surubhi plan 106 starting dt-29- 09-1999 we had paid premiums till 19-12-2000 can we revive the policy and get the bendfits sum assured is RS-200000 please give us the full details. Rabi Shankar Mishra
I have taken Jeevan Surabhi policy in the year 2008 for sum assured 2lakh period 15 years.I m paying premium around Rs.21000 per year.How much net amount will i be profited at the end of 15 years through this policy.
Please send a message about next premium due in the favour of the policy no-211349658(Ashok Kumar Mishra),policy no-215515472(my son name Adarsh Mishra)&policy no-218084227(my wife Pushpa Mishra).My mobile no-9452221734 & E mail id pashok.mishra@rediffmail.com Thanking you sir
hi sir,
I wanted to knw abt 15 yrs money back policy (JEEVAN SURBHI) and wat is the amount i need to pay every month.
AGE-25YRS
DOB- 27-09-86
SAL-18000
MY HUSBANBANDS DETAILS-
AGE-30
DOB-15-02-80
can u pls help me wit this policy details and any other policy wit gud benifits il b greatful if u do this favour to me sir .
thanking you
thanks & regards,
shirisha
hi sir,
can u pls let me knw abt Jeevan Surabhi policy and wat is the amount i hav to pay every month my details
age-25yrs
dob-27-09-86
sal-18000pm
my hubis dob -15-02-86
il b thankful if u can suggest me wit gud saving plan
thanks & regards,
shirisha
my jeevan surabhi plan started in 2007.when i get my first money back amount
Hi Sir/Madam,
My Jeevan Surabhi 25 years plan started on 17/01/2011, i have taken for half yearly payment mode for 1,00,000 SA, my agent told me to pay Rs.3952 for every Hly till 18 year so if calculate totally it will come around Rs.1,42,272. So my query is why should i have to pay extra Rs.42,272? and also send me the details for monthly, qtly and yly payment…
i hope you will do my needful…
thanking you
regards
Basavaraj
hanks for your valuable replay,
will you futher clear my dought
my pilicy is 106 Product Name Jeevan Surabhi lic – 15 Years
1> amt. of Rs.100000/-
2> how much we get money back 15th year.
Sir,
I have taken a plan of Jeevan Surabhi, 106,15,12. My DOB is 21-10-1982. My Sum Assured is 50,000 per annum. I know that i will get 30% after 4 years, 30% after 8th year and 40% after 12th year. But what amount i will get after maturity of this plan?
sir,
I purchaged lic jeevan surbhi (table-106) policy for 15 year ,
my sa is 21,00,000 lac .d o m is – Nov. 2016.
I have recived sa of 30%, 30% and by Nov 2013, 40% , please tell me after maturity (d.o.m 2016) how much i will get.
Warm regards
I want P.A.C. Number of CENTRAL INDUSTRIAL SECURITY FORCE (CISF) for salary saving scheme. also I am 27 year old and how much money I get if I take Jeevan saral for 10 years of monthly 500 rs installment.
Mayuresh
sir, i purchased(05/07/2011) lic jeevan surbhi (table-106) policy for 15 year , my sa is 200000 lac .d o m is 05/07/2026. i will be recived a sa of 30%, 30% and 40% , please tell me after maturity how much i will get.
with my best regards
DEAR SIR,
I WANT TO KNOW ABOUT BENIFITS OF LIC PLAN JEEVAN SURBHI.
DURATION 20YRS. IT IS 107 NO. PLAN.
AND ALSO CLEAR ABOUT BONUS BENIFITS. I SAW YOUR TABLE BUT IT IS NOT CLEAR. SO DESCRIBED ME ITS FULL DETAIL , THAT CAN SATISFIED ME.
YOURS TRUELY,
AJAY KUMAR,
Sir I want to buy a policy ‘jeevan surabhi-15 years ‘ and I want to know some details like-
1. How much money I get after maturity wity range 1,00,000?
2. what are the special thing which are not in other plans?
3. premium and other details.
i have jeevan surabhi policy on & frm 28.04.97, for 15 years, which will be matured in aprl. 2012. my premium amount is Rs. 5266/-. how much amount i’ll get after maturity?
what is bima bachat and how to run it.need to pay yearly or helf yearly or what n how many years what what what……….
some body can explane me.
Hi Sir/s,
My D.O.B is 25/10/1987. I am interested to invest for a policy and/or insurance for a premium of Rs 15,000 to 20,000 per year for a long term basis like 15-20 years.kindly put a mail to me against this query.
Please enlighten me by your thoughts.
Thanking you
Kumar Deepak Srivastva
Junior Engineer
Konkan Railway
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Life Insurance Corporation of India (LIC of India) is the largest insurance company in India. LIC of India was founded in 1956 with the merger of 200 insurance companies. Currently, LIC has Rs.9.31 trillion worth of assets. Its fully owned by Govt. of India and LIC funds about 1/4th of government expenses.
LIC of India is no doubt the most trusted insurance company in India. LIC India has various insurance plans to suit your needs from child insurance to pension plan.
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Hi
Could you please let me know in details about the LIC plan called Market Plus. What are its benefits and returns and also the sum assurred
thanks
Bharat
Reply
Tabrej Reply:
April 10th, 2010 at 11:40 am
Sure, you can read the details here: http://www.mylicindia.com/market-plus-1/
Reply