Lic New Limited Payment Endowment Plan Table No 830 Details

Lic New Limited Payment Endowment Plan Table No 830 Details

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

Minimum Entry Age                                          : 18 years completed
Maximum Entry Age                                         : 62 years (age near birthday);
Maximum Maturity Age                                     : 75 Years
Minimum Maturity Sum Assured                        : Rs.3 Lacs. Thereafter, in  multiples of Rs.10000/-Maximum Maturity Sum Assured                                      : No Limit

Policy Term                                                     :12, 16, 21 years

Premium Paying Term                                      : 8 & 9 yrs.

Maturity Sum Assured                                      : Basic Sum Assured +  Vested Bonus + FAB, if any;
Death Sum Assured                                         : Sum Assured + VB + FAB, if any, where SA is defined as                                                                                Higher of-10 times of Annualized Premium OR 125% of                                                                                    Basic Sum Assured OR 105% of all premiums paid;

Accident Benefit Rider                                      :Optional rider with minimum Rs.10000/- & maximum up to                                                                                 Rs.1 Cr, subject to max SA;

Term Assurance Rider                                      :Optional, with min Rs.1 Lac & max Rs.25 Lacs;

Mode Rebates                                                 :2% for Yearly &  1% for Half yearly;

High SA Rebates                                             :5 Lacs to 9.90 Lacs=0.50% & 10 Lacs & above= 0.75%;

Revival of Lapsed policies                                 :Within 2 years from date of FUP;

Lic New Limited Payment Endowment Plan Table No 830 Presentation

Lic New Limited Payment Endowment Plan Table No 830 Details from Satyendra Gupta LIC Agent 9811362697

Lic New Limited Payment Endowment Plan Table No 830 Premium Calculator

Lic New Limited Payment Endowment Plan Table No 830 Permium Calculator

Lic Jeevan Shagun Single Premium Payment Plan Table no 826 Details Premium Calculator

Close Ended Plan -  Available for 90 Days only from 01-09-2014 till 29-11-2014.

For Cashless Health Insurance click Religare Health Insurance. 

For more information please visit Health Insurance.

Jeevan Shagun Benefits:

Death Benefit:

On death during first five policy years:

Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years:

Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

Survival Benefit: 

On Life Assured surviving to the end of the specified durations, the following Survival benefit shall be payable.

At the end of 10th policy year: 15% of the Maturity Sum Assured.
At the end of 11th policy year: 20% of the Maturity Sum Assured.

Maturity Benefit:

On maturity,  65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Loyalty Addition:

Depending upon the Corporation’s experience, a policy shall participate in the profits in the form of Loyalty Addition. The Loyalty Addition, if any, shall be  payable on death or surrender, provided the policy has run for atleast  five policy years, or on policyholder surviving to the maturity, at such rate and on such terms as may be declared by the Corporation.

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

Minimum Entry Age                                         : 8 years (completed)
Maximum Entry Age                                         : 45 years (nearest birthday)
Minimum/Maximum Basic Sum Assured        : 10 times of tabular single premium paid
                                                                                        

Minimum Maturity Sum Assured                      : Rs. 60,000/-
Maximum Maturity Sum Assured                      : No Limit
Maturity Sum Assured shall be available in multiples of Rs. 5,000/-.

Policy Term                                                        : 12 years
Premium payment mode                                   : Single premium only

Lic Jeevan Shagun Table no 826 Plan Presentation

Lic Jeevan Shagun Table no 826 Plan Premium Chart

Intrested to buy it, please contact at 9811362697.

Related Plans :  LIC Single Premium Endowment Plan - 817
Other Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

Lic Varishtha Pension Bima Yojana for Senior Citizens Plan 828

This scheme will be available from 16th august 2014 to 14th august 2015.

Plan Details :

• Available to citizens aged 60 years and above. No maximum age limit.

• Pension would be on immediate annuity basis in monthly, quarterly, half-yearly or annual mode, varying, respectively, between Rs. 500 to 5000 (monthly), Rs. 1500 to 15,000 (quarterly), Rs. 3000 to Rs. 30,000 (half-yearly) and from Rs. 6,000 to Rs. 60,000 (annually), depending on the amount subscribed and the option exercised.

• The payout implies an assured return of 9% on monthly payment basis, which amounts to an annualized return of 9.38%. 

• Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement. Present interest rate is 9% compounded half yearly.

• On death, the full purchase price will be refunded to nominee. 

• Exit/surrender would be allowed after 15 years or earlier in special circumstances like critical / terminal illness of self or spouse.

• Payment will be through ECS or NEFT. 

Rebate: 

No Rebate is available under this plan.

Taxes: 

As per Tax laws, Taxes including service tax is applicable. Present year tax rate is 3.09 %. Policyholder has to pay the tax amount also while taking the policy. Tax amount which you pay on the purchase price is not considered for calculation of pension.

Surrender value:

The Varishtha Pension plan can be surrendered after 15 years. The surrender value payable is 100% Purchase Price means what we invested will be returned back if we want to withdraw after 15 years.

If any medical emergency exists for self or spouse then pension plan can be surrendered under exceptional circumstances, 98% of the purchase Price will be refunded back to the customer.

Pension Payable: 

Pension in the form of Annuity is payable to the pensioner during the life time of the pensioner as per the mode (yearly, half yearly, quarterly, monthly)  chosen by the pensioner.

Death Benefits: 

If Death Occurs, Nominee gets invested amount.

Suicide clause:  Not applicable

Locking period: 15 days. Policy Holder can return the policy if not satisfied with policy terms and conditions.

Assignments and Nominations: Possible

Lic Varishtha Pension Bima Yojana Table No 827 Chart including 3.09 % Tax


























Lic Varishtha Pension Bima Yojana Table No 827 Form

Lic New Jeevan Rakshak Plan Table no 827

This is a temporary plan and will be closed soon.




LIC New Jeevan Rakshak Plan Table No 827 Premium Chart

New LIC Jeevan Saral ATM Plan table no 825

LIC NEW JEEVAN SARAL PLAN (Plan No 825) is an enhanced version of LIC JEEVAN SARAL PLAN 165.

NEW Jeevan Saral  ATM Plan table no 825 Features:

Minimum Age at entry: 8 yr.

Maximum Age at entry: 50 yr.

Minimum Term: 15 Years

Maximum Term: 35 years

Minimum Sum Assured: 1, 00,000 INR (1 Lac)

Minimum Monthly Premium: 400 INR

Launch Date: Yet to Launch

More Details of New Jeevan Saral Plan will be updated soon after launching of plan.

LIC New Golden Money Back Policy

Related Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

LIC New Anand Money Back Policy

Related Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

LIC New Dhan Varsha Money Back Policy

Related Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

LIC New Term Insurance Anmol Jeevan 822 & Amulya Jeevan Table 823

LIC Pension Plan Calculator

LIC New Plan's Premium & Maturity Calculator

LIC New Jeevan Anand Policy Table No 815

For Cashless Health Insurance click Religare Health Insurance. 

For more information please visit Health Insurance.

What is Sum Assured on Death?

Sum Assured on Death shall be Higher of ~

125% of Basic Sum Assured (1.25 x BSA)

OR

10 times Annual Premium. (10 x AP).

The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

[*excluding taxes, extra premiums and premiums for riders, if any]

Particulars	Jeevan Anand Plan No. 149		New Jeevan Anand Plan No. 815
Age at entry	18 to 65 years		18 to 50 years
Age at Maturity	Maximum  75 years		Maximum 75 Years
Policy Term	5 to 57 years		15 to 35 years
Premium mode	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)		Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured	100000 and above		100000 and above ( In multiples of 5000)
Mode		Rebate
		Plan 149		Plan No. 815
Yearly		3% of tabular Premium		2% of tabular premium
Half-yearly		1.5% of tabular premium		1% of tabular premium
Quarterly		Nil		Nil

Plan No 149 Jeevan Anand		Plan No. 815 New Jeevan Anand
Basic Sum Assured	Rebate (Rs.)	Basic Sum Assured	Rebate (Rs.)
10,00,000 and above	1.75‰ BSA	10,00,000 and above	3.00‰ BSA
5,00,000 to 9,95,000	1.50‰ BSA	5,00,000 to 9,95,000	2.50‰ BSA
3,00,000 to 4,95,000	1.00‰ BSA	2,00,000 to 4,95,000	1.50‰
1,00,000 to 2,95,000	Nil	1,00,000 to 1,95,000	Nil

Jeevan Anand Plan No. 149	New Jeevan Anand Plan No.815
Available after payment of 3 full year’s premiums.	Available after payment of 3 full year’s premiums.
Loan granted shall be 90% of the Surrender Value in case of in force policies and 85% of the Surrender Value in case of Paid-up policies irrespective of the policy term.	The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term, as given in the table below.
Foreclosure action was initiated on default of 2 or more half-yearly loan interest installments.	Foreclosure action shall not be taken under fully paid-up and in force policies even if there is a default of loan interest.

Policy Term	Upto 23	24 to 27	28 to 31	32 to 35
% for in force policies	90%	80%	70%	60%
% for Paid-up policies	80%	70%	60%	50%

Plan No.149	Plan No. 815
Guaranteed Surrender Value (GSV)	Guaranteed Surrender Value (GSV)
Available after payment of 3 full years’ premiums.	Available after payment of 3 full years’ premiums.
GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any.	GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders, if opted for. Examples of GSV factors applicable for total  premiums paid Policy Year ~ GSV factor          3   =   30%          5   =   50%        t -1  =   80% (t=Policy Term)
Cash Value of vested bonuses, if any.	GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors – Year of SV – Policy Term – Factor        3                  15                  17.66%                   19                 25                  20.85%       29                 30                  30%

Jeevan Anand Plan No. 149	New Jeevan Ananad Plan 815
Special Surrender Value (SSV)	Special Surrender Value (SSV)
Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.
The discount factors shall be surrender value factors as provided in Table-1A and 2A (whole life) of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.	The discount factors shall be Special surrender value factors as provided in Table-1A and 2A (Whole life) of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Surrender Value Payable	Surrender Value payable
The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.	The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

Jeevan  Anand Plan No. 149	New Jeevan Anand Plan No. 815
A  Policy may be revived within a period of 5 years from the date of first unpaid premium.	A  Policy may be revived within a period of 2 years from the date of first unpaid premium.
Accident Benefit inbuilt.	Accident Benefit as a rider.
Taxes, if any, were borne by the corporation.	Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.

There shall be no change in the following Items

Back Dating

Grace Period

Paid-up Value

Assignment/Nomination

Lic New Jeevan Anand Plan Table No 815 from Satyendra Gupta



  LIC New Jeevan Anand Plan Table No 815 Illustration

Related Plans :  LIC New Endowment Plan Table No - 814

LIC Money Back Plan for 25 Years Table No 821

LIC launches new Money Back Plan for 25 Years (Table No 821).

A  Policy may be revived within a period of 2 years from the date of first unpaid premium.

Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.

Maturity Benefit - 40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any

Death Benefit -Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

What is Sum Assured on Death?

Sum Assured on Death shall be Higher of ~ 125% of Basic Sum Assured (1.25 x BSA)

OR 10 times Annualized Premium. (10 x AP).

[*Premiums - excluding taxes, extra premiums and premiums for riders, if any]

SURVIVAL BENEFIT (as a percentage of Sum Assured)

Policy Year	5th	10th	15th	20th
Survival Benefit Payable	15%	15%	15%	15%

Paid –up value shall be equal to (Number of premiums paid/ Total Number of premiums payable) x Basic Sum Assured less total amount of Survival Benefits paid under the policy.

Eligibility Conditions and Restrictions

·         Age at entry - 13 to 45 years

·         Age at Maturity - Maximum 70 Years

·         Policy Term - 25 years

·         Premium Paying Term – 20 Years

·         Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

·         Basic Sum Assured - 1,00,000 and above ( In multiples of 5000)

Loan – Available after payment of 3 full years’ premiums.

The maximum amount of loan that can be granted as a percentage of Surrender Value be as under:

·         For enforce and fully paid-up policies – up to  90%

·         For paid-up policies – 80%

·         Foreclosure action shall not be taken under fully paid-up and enforce policies even if there is default of loan interest.

Surrender Value-

Guaranteed Surrender Value (GSV) - Available after payment of 3 full years premiums.

GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders, if opted for. Less any Survival Benefits already paid.

Examples of GSV factors applicable for total premiums paid

Policy Year ~ GSV factor

3   =   30%

5   =   50%

t -1 =   80% (t=Policy Term)

GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors –

Year of SV – Factor

3            15.28%

20            21.99%

24             30%

Special Surrender Value (SSV) - Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.

The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

Lic New Money Back Table No 821-25 years from Satyendra Gupta

LIC Money Back Plan for 25 Years Table No 821 Premium Chart

LIC Money Back Plan for 25 Years Table No 821 Illustration