LIC IS LAUNCHED ON 03-02-2016 NEW PLAN "JEEVAN PRAGATI PLAN(T.NO:838). For more details Click Here"   LIC's New Anmol Jeevan - II - Plan-822            LIC's New Amulya Jeevan - II - Plan-823            LIC's New Jeevan Nidhi Plan-818            LIC's New Endowment Plan-814            LIC's New Jeevan Anand Plan-815            LIC's New Bima Bachat Plan-816            LIC's New Single Premium Endowment Plan-817            LIC's New Money Back 20 Years Plan-820            LIC's New Money Back 25 Years Plan-821                      

Saturday, 30 January 2016

LIC's New Jeevan Pragati Plan (Table No.838) || Jeevan Pragati 838 || Table No:838

LIC Jeevan Pragati Plan (Table No.838)

LICs New Plan Jeevan Pragati (Table no 838), This is a non-linked, with-profits Endowment Assurance plan.It is going to be launched on 03/02/2016. This new endowment assurance plan is a non-linked, with-profits and savings cum protection plan. where death sum assured automatically increases after every five years during the term of the policy. Unique Identification number of Jeevan Pragati Plan is 512N306V01.

Key Features of LIC Jeevan Pragati Table 838

Eligibility Conditions

The main features of this new endowment plan are as below
  •     Minimum Basic Sum Assured (payable on maturity) : Rs. 1,50,000/-
  •     Maximum Basic Sum Assured : No Limit (Maturity Sum Assured shall be in multiple of Rs. 10,000/- only)
  •     Minimum Policy Term : 12 years
  •     Maximum Policy Term  : 20 years
  •     Minimum Age at entry for Life Assured : 12 years (completed)
  •     Maximum Entry Age : 45 years (nearer birthday)
  •     Maximum Age at Maturity for Life Assured : 65 years
  •     Premium payment mode : Yearly, half-yearly, quarterly & monthly.
  •     Accidental Death & Disability Benefit Rider is available on payment of additional premium.
  •     Minimum Accident Benefit Sum Assured is Rs 10,000
  •     Maximum Accident Benefit Sum Assured is an amount equal to the Basic Sum Assured subject to the    maximum of Rs 1 cr.
  •     Minimum entry age for the rider is 18 years.
Benefits under LIC’s Jeevan Pragati policy

Death Benefit in Jeevan Pragati Plan

On death of the Life assured during the policy term, death benefit equals to “Sum Assured on Death” along with vested simple reversionary bonus and Final Additional Bonus (FAB) if any will be payable.

Here “Sum Assured on Death” is defined as the higher of 10 times of annualized premium or Absolute amount assured to be paid on death, which is

        During the first five policy years: 100% of Basic sum Assured (BSA)
        During 6th to 10th policy years: 125% of Basic sum Assured (BSA)
        During 11th to 15th policy years: 150% of Basic sum Assured (BSA)
        During 16th to 20th policy years: 200% of Basic sum Assured (BSA)

Death benefit mentioned here will not be less than the 105% of total premium paid up to the death of life assured.

Maturity Benefit LIC Jeevan Pragati 

Maturity benefit on survival at the end of policy term will be “Sum Assured on Maturity + Simple Reversionary Bonus + Final Additional Bonus (if any)”. The Sum Assured on Maturity is basic sum assured.
The risk commencement under this plan will begin immediately from the date of issue of policy.

Mode of premium payment
 The modes of premium payment allowable are Yearly. Half Yearly. Quarterly, and Monti (ECS only or through salary deductions).

Other features of Jeevan Pragati
  •     Loan facility available after payment of full 3 years of premium.
  •     Policy can be surrendered after payment of full 3 years of premium.
  •     Policy can be revived with 2 years of FUP.
  •     Taxes are applicable as per prevailing rates
  •     Policy can be dated back in same financial year
  •     Assignment and nomination can be made in this policy
  •     Free look period of 15 days available from date of receipt of the policy bond.

Wednesday, 6 January 2016

LIC's New Plan Jeevan Shikhar(Table No:837) || New Jeevan Shikhar T.No:837

LIC's New Plan Jeevan Shikhar(Table No:837) || New Jeevan Shikhar T.No:837

See the following Draft.

New Plan Jeevan Shikhar(Table No:837) is lunching soon................

Friday, 1 January 2016

LIC's New Plan Jeevan Labh(Table No:836) || New Jeevan Labh T.No:836

LIC's New Plan Jeevan Labh(Table No:836) to be introduced on 04-01-2016.

It is a low premium, lower PPT and higher term(eligible for bonus throghout), attrative returns......

This is a limited premium paying and non linked with profit endowment plan.

On death-S.A + Bouns + FAB.(S.A  not less than 105% of  Total premium paid as on date of death ).

Maturity Benefit- S.A on maturity + Bonus + FAB.

TR & DAB is optional.

Minimum age limit entry- 8 Years completed.

Maximum maturity age-75 nbd.

Term & PPT- 16(10), 21(15) and 25(16).

Minimum S.A-200000 then in multiplication of 10000.

Maximum S.A-No limit.

Commencement of Risk Cover- Immediate.

Modes allowed- All with ECS & SSS.

Loan- Available.

Proposal forms- 300/340/360 as applicable.

Ready Recknor for Jeevan Labh T.No:836  with service Tax.

Tuesday, 3 March 2015

LIC's New Jeevan Sangam Plan (T.No. 831)

LIC's New Jeevan Sangam Plan (T.No. 831)

New plan Jeevan Sangam(T.No. 831) is being launched on 04.03.2015

Age:6 to 50


Min MSA:75000

Max MSA:No limit

On Death:10 times of Single premium

On Maturity:MSA+Loyalty Addition.


Click Here for another New Plan

LIC's New Children Money Back Plan (Plan No:832)

LIC's New Children Money Back Plan (Plan No:832)

LIC's New Children Money Back Plan (Plan No:832)

LICs new children money back plan (832), is launched on 04.03.2015. It is non-linked, with profit, regular premium payment money back plan, to cater to the various financial needs of children through SBs.Plan No. 832

New Children Money Plan.

Age : 0 to 12.

Min SA : 1 Lac

Max SA : No limit.

SA rebate: upto 1.90 L = Nil

2 to 4.90 L = Rs 2/-

5 L & above = Rs 3/-

Mode : All modes

Mode rebate : YLY- 2% : HLY- 1%

Policy Term: 25 minus age

Premium Term : 18 - age

PWB available.

Proposer's age: Min : 18 , Max : 55

Plan :

Child Age

At 18 = 20% of SA

At 20 = 20% of SA

At 22 = 20% of SA

At 25 = 40% of SA + Bonus+ Final Additional Bonus.

Click here for another New Plan

LIC's New Jeevan Sangam Plan (T.No. 831)