My LIC

‘If I die someday suddenly, what would my family do? How would they earn money? I don’t have anything left to secure my family….!’ this is the condition of most of the people who are unaware about the various types of life insurance plans available which can secure your future. Many of us often don’t understand the importance of life ... 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 »

Protect your loved ones from any unexpected surprises in life, any time. Amulya Jeevan 1 (Plan No. 190) is a Term Assurance plan with minimum Sum Assured of Rs.25 lakh. This is a pure Term Assurance Plan like Anmol Jeevan 1. In this plan Minimum S.A. is 25 lakhs. (Under Anmol Jeevan (Table No. 164) only policies with S.A. below 25 lakhs. are issued). Read More »

Anmol Jeevan-I (Table No. 164) is a unique plan of assurance, by far the cheapest policy to buy; cheaper than even a whole life policy to start with. This plan is allowed to standard and sub-standard lives (up to Class VI EMR). In case of female lives, this plan will be restricted to Category I and II lives only. Physically handicapped persons falling under Group A will be eligible for this plan with the standard extra rates. Read More »

LIC’s Jeevan Saathi Plus is a unit linked plan (ULIP) wherein a couple can take the insurance cover on their lives under a single policy. The proposer under the plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.). The premiums can be paid either in lump sum (single premium) or regularly throughout policy term. The P.L.A. can choose the level of cover (Sum Assured) for both lives within the limits, which will depend on whether the policy is a Single premium or Regular premium contract, age and the amount of premium agreed to pay. For regular premium policies, in case of death of the P.L.A. during the term of the policy, the plan also provides for waiver of all future premiums including outstanding premiums, if any, provided life cover is in force. Read More »

LIC’s Money Plus-I plan no.193 is a unit linked (ULIP) Endowment plan with regular premium paying term 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 the level of premium you agree to pay. Four types of investment Funds are offered in Money Plus 1. The Policyholder has the option to choose any ONE out of the following 4 funds. Bond, Secured, Balanced and Growth. 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 »

LIC Jeevan Tarang is a whole Life Money Back Plan for you or your children. It gives you survival benefit of 5.5% of the sum assured GUARANTEED for LIFETIME This unique policy is a perfect financial planning tool for you or your child. Your child stays financially protected for life. you pay premium for only a short period – onetime or, 6,10,15 or 20 years. And guess what !! the policy then keeps paying you EVERY YEAR for your LIFETIME apart from Bonus at the end of period plus covers life for the lifetime! LIC's life time money back policy A Deferred Annuity Plan. For Example: If you go for Rs.10 lakh Sum assured policy then you would receive Rs.10 Lakh on maturity + Bonus + Rs.55000/- per year till you or your child is survive. That how unique this plan is. 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 »