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LIC has launched yet another micro insurance policy Jeevan Deep (T-810) for the economically weaker sections. Jeevan Deep Benefits: Death Benefit: during the policy term excluding last policy year: Basic Sum Assured along with accrued Guaranteed Additions wil be paid to nominee. during last policy year: Basic Sum Assured with accrued Guaranteed Additions along with Loyalty Addition, if any. Maturity Benefit: Payment of ... Read More »

Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is said to be the largest life insurance company and also the largest investor of the country. It was founded in the year 1956 and has been serving people ever since. The main objective of this corporation was to spread awareness about the life insurance among the ... Read More »

LIC Samridhi Plus Summary: LIC Samridhi Plus is a ULIP plan. LIC Samridhi Plus (Plan No.804) is a close ended plan which would be open for sale for a maximum period of 3 months. LIC Samridhi Plus Plan at Glance:

• Guaranteed Highest NAV of the first 100 months at Maturity
• Policy Term 10 years
• Lock in period 5 years
• Limited Premium Payment (5 years or single premium)
• Unlimited investment under Single Premium
• Insurance Protection
• Easy liquidity through Partial Withdrawals
• Entry age 8 to 65 years

LIC Samridhi Plus with a policy term of 10 years that offers payment of Fund Value at the end of the policy term based on the highest Net Asset Value (NAV) over the first 100 months of the policy or the NAV as applicable at the end of the policy term, whichever is higher. The premium payment under this plan is limited to single or 5 years. The policyholder can choose the level of cover within the limits, depending on his/her age. Read more about LIC Samridhi Plus Read More »

LIC Child Career Plan Summary: LIC Child Career Plan (Table 184) provides funds at regular yearly intervals for professional or higher education and start-in-life in the form of 6 money back installments commencing from minimum age of 18 years. So your child will get money when they really need it. Child’s Career Plan (Table no. 184, with profits) Under Child’s Career Plan vested bonus is payable along with first survival benefit of 30% of sum assured followed by subsequent 5 annual survival benefits @15% of sum assured. Thus total returns being 105% of basic sum assured + vested bonus and terminal bonus, if any. Read More »

LIC’s Jeevan Varsha is a money back plan with Guaranteed Additions and Loyalty Additions. Jeevan Varsha would be open for sale from 16th February, 2009 to 31st March, 2009 Read More »

Life insurance policies should be as simple as Jeevan saral Table No. 165. It gives you 250 times risk cover on your monthly premium. LIC Jeevan saral Features    Higher cover Smooth return Liquidity fund Considerable flexibility Special Feaures: Under this plan death cover will be same irrespective of age at entry and term. The sum payable at maturity however ... Read More »