LIC Flexi Plus

“THE INVESTMENT RISK IN THIS POLICY, IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”

LIC’s Flexi Plus is a unit linked assurance plan, which not only provides a lump sum benefit on death but also the maturity benefit irrespective of the survival of the Policyholder. This plan is specially designed for you to provide a very good combination of protection and long term savings and also provides you greater flexibility to build a better life and realise your dreams.

Key benefits under this plan are:

  1. Flexibility to choose the policy term
  2. Flexibility to choose the premium paying mode as per your convenience
  3. Flexibility to choose from 2 fund types to suit your investment needs
  4. Flexibility of partial withdrawals to meet your emergency needs
  5. Payment of Premiums: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the term of the policy.

A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (ECS) premiums.

Eligibility Conditions And Other Restrictions:
(a) Minimum Age at entry    -            18 years (last birthday)
(b) Maximum Age at entry    -           50 years (nearest birthday)
(c) Maximum Maturity Age  -           60 years (nearest birthday)
(e) Policy Term                          -           10 to 20 years

(f) Premium Amount

Mode Minimum (Rs.) Maximum (Rs.)
Yearly 15,000 100,000
Half-Yearly 10,000 50,000
Quarterly 5,000 25,000
Monthly (ECS) 2,000 8,000

(g) Sum Assured under the Plan -   
(10 * annualized premium) or (105% of the total premiums paid including any premiums which have fallen due but not paid), whichever is higher

Investment of Funds:
Unit Fund :  The premiums allocated to purchase units will be strictly invested according to the investment pattern committed in various fund types.  Various types of fund and their investment pattern will be as under:

LIC’s JEEVAN SUGAM (SINGLE PREMIUM)

Komal Jeevan

Product summary: 
This is a Children’s Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.

Features:
Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

Jeevan Saral

  1.  Higher cover 
  2. Smooth return
  3. Liquidity
  4. Considerable flexibility
SPECIAL FEATURES:
Under this plan death cover will be same irrespective of age at entry and term. The sum payable at maturity however differs for different entry ages and terms. This plan is very appropriate for employees seeking life cover through Salary Savings Schemes.
BENEFITS:
On death -
  1. 250 times the monthly premium.
  2. Return of premiums excluding extra/rider premium and first year premium.
  3. The loyalty addition, if any.

New Jeevan Anand

“LIC’S NEW JEEVAN ANAND” 

This policy is a combination of a whole life plan and with profit endowment plan. It is suitable for people who wish to provide for their dependents, insured sums,limit the premium payment term to their earning period and at the same time provide for their old age.

Jeevan Anand Plan Presantation-

Salient Features:

The plan combines the virtues of both whole life plan and endowment plan
Under the plan, premiums are limited to the term chosen and benefits are payable on the date of maturity. But the insurance cover on the life assured continues till death, like a whole life policy

Child Carrier Plan

Introduction:
This plan is specially designed to meet the increasing educational and other needs of growing children. It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term). A number of Survival benefits are payable on surviving by the life assured to the end of the specified durations.
Payment of Premiums:

You may pay the premiums regularly at yearly, half-yearly, quarterly or through Salary deductions over the term of policy. Premiums may be paid either for 6 years or upto 5 years before the policy term.

Jeevan Vriddhi (Single Premum)

Lic Jeevan Vriddhi.LIC’s Jeevan Vriddhi is a single premium plan wherein the risk cover is a multiple of premium chosen by you. On maturity this plan offers a Guaranteed Maturity Sum Assured and Loyalty Addition, if any.

1. Benefits

i) Death benefit: On death, Basic Sum Assured shall be payable. The Basic Sum Assured shall be 5 times the Single Premium excluding extra premium, if any.

ii) Maturity BenefitOn maturity, the Guaranteed Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

iii) Loyalty AdditionDepending upon the Corporation’s experience the policy will be eligible for Loyalty Addition on date of maturity at such rate and on such terms as may be declared by the Corporation.

Jeevan Ankur (Children’s Plan) By LIC

lic-jeevan-ankurLIC’s JEEVAN ANKUR (UIN: 512N267V01)

LIC’s Jeevan Ankur is a conventional with profits plan, specially designed to meet the educational and other needs of your child. If you are the parent of a child aged upto 17 years, LIC’s Jeevan Ankur is the most suitable insurance plan for you which ensures that your responsibilities are met whether you survive or not and without depending on anyone else.

The risk cover under this plan will be on your life as a parent and the named child shall be the nominee under the plan. The policy term shall be based on the age at maturity of the child.

1. Benefits

i) Death benefit:

  • On death of the Life Assured during the policy term: Basic Sum Assured shall be payable to the nominee and an income benefit equal to 10% of Basic Sum Assured shall be payable on each policy anniversary, from the policy anniversary coinciding with or next following the date of death, till the end of the policy term.

Jeevan Chhaya

Features-

Product Summary :
This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.

Premiums :
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the earlier death.

Bonuses :
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  Once declared, they form part of the guaranteed benefits of the plan. Bonuses for full term on the full Sum assured are paid at the end of the term even if death occurs during policy term. Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Health Protection Plus Plan

 

Introduction

In this Policy, The investment risk in investment portfolio born by the policy holder

Health is a major concern on everybody?s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for healthcare, and even if they do, it is grossly inadequate. Given this scenario, LIC has launched LIC?s Health Protection Plus plan, a unique long term health insurance plan that can combine health insurance covers for the entire family (husband, wife and the children) ? Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet Domiciliary Treatment Benefit (DTB) / Out Patient Department (OPD) expenses for the insured members.