Friday, July 5, 2013

Tuesday, July 2, 2013

LIC Jeevan Surabhi (Money Back)


Features:

LIC Jeevan Surabhi plan is similar to other money back plans. However main differences in regular money back plans and LIC Jeevan Surabhi are as under

Maturity term is more than premium paying term.

Early and higher rate of survival benefit payment.

Risk cover increases every five years.

The actual term and the premium paying term for these plans are as under.

Plan no.
Policy Term
Premium Paying Term
106
15 years
12 years
107
20 years
15 years
108
25 years
18 years

Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.

Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.

Suitable For:

LIC Jeevan Surabhi plan holds special interest to people who besides wishing to provide for their old age and family feel the need for lump sum benefits at periodical intervals.

Benefits:

JEEVAN SURABHI – (Table Nos. 106,107 & 108)


Introduction:


For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.

Product summary:


This is a with-profits plan available for three different terms of 15, 20 and 25 years with corresponding premium paying terms of 12, 15 and 18 years. The plan provides a specified percentage of Sum Assured on survival up to specified durations. A life insurance cover is available throughout the term of the plan which increases after every five yearly intervals.

Premiums:  

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

Bonuses: LIC Jeevan Surabhi is a with-profit plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of the 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. A Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Death Benefit:     

The Sum Assured along with the additional cover, if any, plus all bonuses declared till death is payable in a lump sum upon the death of the life assured during the policy term. The survival benefits paid prior to death will not be deducted from the claim amount.

Survival Benefit: A percentage of sum assured as mentioned below will be paid on your survival to the end of specified durations:

Percentage of Sum Assured payable at the end of specified duration
Plan and Term ( Premium Paying Term )
Duration
106/15(12)
107/20(15)
108/25(18)
4
30%
25%
20%
5
-
-
-
8
30%
25%
20%
10
-
-
-
12
40%
25%
20%
15
 
25%
20%
18
-
-
20%





Maturity Benefit:    

LIC Jeevan Surabhipolicy matures on your survival to the end of the policy term. All bonuses declared up to maturity date will be paid in a lump sum.


Supplementary/Extra Benefits:  These are the optional benefits that can be added to your basic plan for extra protection/option.  An additional premium is required to be paid for these benefits.


Surrender Value:    

Buying a life insurance contract is a long-term commitment.  However, surrender values are available under the plan on earlier termination of the contract.

Guaranteed Surrender Value:

The policy may be surrendered after it has been in force for 3 years or more.  The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium in case no survival benefit payment has already fallen due. Where one or more survival benefits have fallen due, the guaranteed surrender value will be 30% of the premiums paid on or after the due date of payment of latest survival benefit.

Corporation’s policy on surrenders:

 In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender is the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the number of premiums paid and the duration at which surrender value is calculated. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.

The Corporation reviews the surrender value under its plans from time to time depending on the economic environment, experience and other factors.


  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.


Benefit Illustration:



            Illustration 1 (Table 106)

            Age at entry: 35 years

            Policy Term: 15 Years   

            Premium Paying Term: 12 Years  

            Mode of premium payment: Yearly

            Sum Assured : Rs. 1,00,000 /-

            Annual Premium : Rs. 10963 /-


               Illustration 2 (Table 107)

            Age at entry : 35 years

            Policy Term : 20 Years     

            Premium Paying Term : 15 Years  

            Mode of premium payment : Yearly

            Sum Assured : Rs. 1,00,000 /-

            Annual Premium : Rs. 9581 /-

                 

                Illustration 3 (Table 108)

            Age at entry : 35 years

            Policy Term : 25 Years     

            Premium Paying Term : 18 Years  

            Mode of premium payment : Yearly

            Sum Assured : Rs. 1,00,000 /-

            Annual Premium : Rs. 8776 /-

                 

            Plan Parameters :

Minimum
Maximum
Entry age
14 (last birthday)
plan 106
55
plan 107
50
plan 108
45
Sum assured (Rs.)
50,000
NO LIMIT
Term (years)
15 years
Fixed Term
Mode of Payment
Maximum Maturity Age
Policy loan available
Yearly, Half-yearly, Quarterly, Monthly, Salary Saving Scheme
70 years
Yes


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Monday, July 1, 2013

LIC Policy Status

  
Now get your policy information on SMS:

The policyholder can type “ASKLIC <policy no> type of query i.e. prem/rev/bonus/loan/nom (premium/ Loan/ Bonus/Revival/ Nomination) on his mobile and send it to code “9222492224” via sms to get the necessary information under his policy. The SMS charges for the policyholder will be as per the scheme of his service provider.( The sign of < and > will indicate that space is required to be kept in SMS text).


Find the Address and phone numbers of LIC Customer Zone nearest to you……
You can write a mail to customerzone_delhi@licindia.com for Delhi LIC Users. 
Agra, Ahmedabad, Amritsar, Bangalore, Bangalore-II, Belgaum, Bhagalpur, Bhubaneswar, Bhopal, Chandigarh, Chennai, Chennai-II, Coimbatore, Cuttack, Delhi, Delhi-II, Dhanbad , Dwarka ,Ernakulam, Goa, Gulbarga, Guntur, Guwahati, Gwalior, Gurgaon, Hubli, Howrah, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jamshedpur, Jammu, Jodhpur, Kanpur, Karnal, Kolkata, Kolkata(S), Kolkata-II, Kottayam, Kozhikode,Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Mumbai-III, Muzaffarpur, Mysore, Nagpur, Nerul,Noida, Patna, Pune, Raipur, Rajkot, Salem,Secunderabad, Siliguri, Surat, Thane, Tirunelvelli,Trichy, Trivendrum, Varanasi, Vellore, Vijaywada,Vishakhapatnam, Warangal.
Open : Mon to Fri 8.00 am to 8.00 pm

          Sat 10.00 am to 6.00 pm
Services especially for you… At LIC customer Zone

Change of address
Issuing premium paid certificate
Acceptance of life certificate for pension policies
Resolving any policy related complaints
Information on 

Premium position, Bonus, Loan , revival of lapsed policies
Our products …
Assistance for

Filling up of forms
Registration on LIC’s Customer Portal
To know Policy details through IVRS, simply dial 1251 available 24x7 in the following cities
Asansol
Allahabad
Aurangabad
Bareilly
Coimbatore
Dharwad
Gorakhpur
Gwalior
Hazaribagh
Jodhpur
Jammu
Kozhikode
Kota
Kolhapur
Meerut
Mysore
Nasik
Patna
Pondicherry
Rajkot
Ranchi
Salem
Surat
Shillong
Shimla
Thanjavur
Vadodara
Varanasi
For making local call from any MTNL or BSNL number simply dial 1251 and for other than local users IVRS can be accessed by dialing the city STD code of the IVRS center followed by 1251.
For complaints/grievances regarding your policy/ies, please contact our Manager CRM (Grievance Redressal Officer) on the Telephone Numbers given below, during normal working hours.
ZONAL OFFICE
DIVISION OFFICE
PHONE NO.
Central Zone
CENTRAL
BHOPAL
0755-2676254
CENTRAL
BILASPUR
07752-2203732
CENTRAL
GWALIOR
0751-2448606
CENTRAL
INDORE
0731-2523513
CENTRAL
JABALPUR
0761-2671079
CENTRAL
RAIPUR
0771-2583062
CENTRAL
SATNA
07672-228100
CENTRAL
SHAHDOL
07652-248469
Eastern Zone
EAST CENTRAL
Begusarai
0624-3245265
EAST CENTRAL
Berhampur
0680-2296390
EAST CENTRAL
Bhagalpur
06412-2322016
EAST CENTRAL
Bhubaneswar
0674-2303140
EAST CENTRAL
Cuttack
0671-2307857
EAST CENTRAL
Hazaribagh
06546-272611
EAST CENTRAL
Jamshedpur
0657-2320564
EAST CENTRAL
Muzaffarpur
 0621-223904
EAST CENTRAL
Patna
0612-2204067
EAST CENTRAL
Sambalpur
0663-2541388
Eastern Zone
EASTERN
Asansol
0341-2256012
EASTERN
Bongaigaon
03664-228281
EASTERN
Guwahati
0361-2638404
EASTERN
Howrah
033-22434614
EASTERN
Jalpaiguri
03561-255443
EASTERN
Jorhat
0376-2361613
EASTERN
Kharagpur
03222-253302
EASTERN
KMDO-I
033-22126122
EASTERN
KMDO-II
033-23970025
EASTERN
KSDO
033-23342708
EASTERN
Silchar
03842-241716
North-Central Zone
NORTH CENTRAL
Agra
0562-2525972
NORTH CENTRAL
Aligarh
0571-2420066
NORTH CENTRAL
Allahabad
0532-2401854
NORTH CENTRAL
Bareilly
0581-2301712
NORTH CENTRAL
Dehradun
0135-2668231
NORTH CENTRAL
Faizabad
05278-244261
NORTH CENTRAL
Gorakhpur
0551-2230322
NORTH CENTRAL
Haldwani
05946-267886
NORTH CENTRAL
Kanpur
0512-2368546
NORTH CENTRAL
Lucknow
0522-2624214
NORTH CENTRAL
Meerut
0121-2671201
NORTH CENTRAL
Varanasi
0542 2454420
Northern Zone
NORTHERN
AJMER 
0145-2661878
NORTHERN
AMRITSAR
0183-2556658
NORTHERN
BIKANER
0151-2225920
NORTHERN
CHANDIGARH
0172-2784620
NORTHERN
DELHI-I
011-28844132
NORTHERN
DELHI-II
011-28822223
NORTHERN
DELHI-III
011-28855115
NORTHERN
JAIPUR-I
0141-2745834
NORTHERN
JAIPUR-II
0141-2713708
NORTHERN
JALANDHAR
0181-2459826
NORTHERN
JODHPUR
0291-2657849
NORTHERN
KARNAL
0184-2266580
NORTHERN
LUDHIANA
0161-2521838
NORTHERN
ROHTAK
1262-228328
NORTHERN
SHIMLA
0177-2629212
NORTHERN
SRINAGAR
0191-2475839
NORTHERN
UDAIPUR
0294-2488581
South-Central Zone
SOUTH CENTRAL
 BANGALORE I
080-22966515
SOUTH CENTRAL
 BANGALORE II
080-22966812
SOUTH CENTRAL
 BELGAUM
0831-2438808
SOUTH CENTRAL
 DHARWAD
0836-2441968
SOUTH CENTRAL
 HYDERABAD
040-23420771
SOUTH CENTRAL
 KADAPA
08562-247017
SOUTH CENTRAL
 KARIMNAGAR
0878-2240597
SOUTH CENTRAL
 MACHILIPATNAM
08672-223372
SOUTH CENTRAL
 MYSORE
0821-2495764
SOUTH CENTRAL
 NELLORE
0861-2323072
SOUTH CENTRAL
 RAICHUR
08532-232432
SOUTH CENTRAL
 RAJAHMUNDRY
0883-2423832
SOUTH CENTRAL
 SECUNDERABAD
040-27665039
SOUTH CENTRAL
 SHIMOGA
08182-251320
SOUTH CENTRAL
 UDUPI
0820-2536907
SOUTH CENTRAL
 VIZAG
0891-2533211
SOUTH CENTRAL
 WARANGAL
0870-2579364
Southern Zone
SOUTHERN
CHENNAI 1
044-28610353
SOUTHERN
CHENNAI 2
 044-23451551   
SOUTHERN
COIMBATORE
0422-2303503
SOUTHERN
ERNAKULAM
 0484-2361938
SOUTHERN
KOTTAYAM
0481-2580121 / 0481-2580102
SOUTHERN
KOZHIKODE
0495-2726006
SOUTHERN
MADURAI
0452-2537778
SOUTHERN
SALEM
0427-2411487
SOUTHERN
THANJAVUR
04362-233678
SOUTHERN
THRISSUR
SOUTHERN
TIRUNELVELI
0462-2560925
SOUTHERN
TRIVANDRUM
0471-2540932
SOUTHERN
VELLORE
0416-2226718
Western Zone
WESTERN
AHMEDABAD
079-25511419
WESTERN
AMRAVATI
0721-2660145
WESTERN
AURANGABAD
0240-2329299
WESTERN
BHAVNAGAR
0278-2421963
WESTERN
GANDHINAGAR
079-232-38250
WESTERN
GOA
0832-2438418
WESTERN
KOLHAPUR
0231-2661135
WESTERN
MUMBAI-1
022-22028225 / 022-66599066
WESTERN
MUMBAI-2
022-24010375 / 022-30492020
WESTERN
MUMBAI-3
022-67819220
WESTERN
MUMBAI-4
022-66599233
WESTERN
MUMBAI-SSS
022-26267050
WESTERN
NADIAD
0268-2532134
WESTERN
NAGPUR
0712-2546436
WESTERN
NANDED
02462-221777
WESTERN
NASHIK
0253-2317607
WESTERN
PUNE-1
020-25512969
WESTERN
PUNE-2
020-24217638
WESTERN
RAJKOT
0281-2483210
WESTERN
SATARA
02162-224708
WESTERN
SURAT
0261-2801407
WESTERN
THANE
022-25829702 / 022-25827728
WESTERN
VADODARA
0265-2225188


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