LIC's Bima Account -1

What does LIC's Bima Account - 1 Offer you?

Balance in your Account ( Total investment in regular premium account + Total investment in top up premium account - expenses) on surviving the policy term you have chosen (5 to 7 years),

Sum Insured + Balance in your account ( Total investment in regular premium account till the day of death + Total investment in top up premium account till day of death - expenses till the day of death) in case you do not survive the policy term chosen ( 5 to 7 years)

Guaranteed Interest at 6% per annum on the balance in your account,

Possibility of enhanced interest on the premium account portion of the policy account,

Loan against surrender value at 9.00% per annum simple interest after 1 year from the commencement,

Facility for topping up the premium with additional amount.

Why Should You Invest On LIC's Bima Account-1?

It is a short term plan of 5 to 7 years.

You are assured of a minimum 6% per annum on the balance in your account. In addition, there is a possibility of higher returns on your premium account. But in reality, you are earning more every year, since, more and more amount out of your gross investment is getting transferred to your policy account with reduction in charges towards expenses. Coupled with Section 80C benefit subject to a overall limit of Rs 1 Lakh per annum allowed for various savings and full I.T exemption on the claim amount you receive under section 10(10D) of the I.T Act, you will observe Bima Account 1 as one of the most lucrative investment options you love to explore.

The plan offers quite an impressive life insurance coverage right from day one till day last. In addition, entire balance in the policy account is returned in such an event marking the uniqueness of the plan!

Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.

These are some of the prominent reasons why you should invest on LIC's Bima Account-1) as much as you can.

How long you need to Invest on LIC's Bima Account-1?

5 to 7 years ceasing at death, if it occurs early.

What are the Modes of Investment available under LIC's Bima Account-1?

Yearly, Half-yearly or Quarterly or Monthly.

Want to know more about LIC's Bima Account-1 or want to invest on the plan?

Call us at 9899307833 / 9811362697 or write us at everyoneinsured@gmail.com

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LIC's Bima Account -2

What does LIC's Bima Account - 2 Offer you?

Balance in your Account ( Total investment in regular premium account + Total investment in top up premium account - expenses) on surviving the policy term you have chosen (10 to 15 years),

Sum Insured + Balance in your account ( Total investment in regular premium account till the day of death + Total investment in top up premium account till day of death - expenses till the day of death) in case you do not survive the policy term chosen ( 10 to 15 years)

Guaranteed Interest at 6% per annum on the balance in your account,

Possibility of enhanced interest on the premium account portion of the policy account,

Loan against surrender value at 9.00% per annum simple interest after 1 year from the commencement,

Facility for topping up the premium with additional amount.

Why Should You Invest On LIC's Bima Account-2?

It is a short term plan of 10 to 15 years.

You are assured of a minimum 6% per annum on the balance in your account. In addition, there is a possibility of higher returns on your premium account. But in reality, you are earning more every year, since, more and more amount out of your gross investment is getting transferred to your policy account with reduction in charges towards expenses. Coupled with Section 80C benefit subject to a overall limit of Rs 1 Lakh per annum allowed for various savings and full I.T exemption on the claim amount you receive under section 10(10D) of the I.T Act, you will observe Bima Account 2 as one of the most lucrative investment options you love to explore.

The plan offers quite an impressive life insurance coverage right from day one till day last. In addition, entire balance in the policy account is returned in such an event marking the uniqueness of the plan!

Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.

These are some of the prominent reasons why you should invest on LIC's Bima Account-2) as much as you can.

How long you need to Invest on LIC's Bima Account-2?

10 to 15 years ceasing at death, if it occurs early.

What are the Modes of Investment available under LIC's Bima Account-2?

Yearly, Half-yearly or Quarterly or Monthly.

Want to know more about LIC's Bima Account-2 or want to invest on the plan?

 Call us at 9811362697 / 9899307833 or write us at everyoneinsured@gmail.com

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Jeevan Arogya

What is Jeevan Arogya?
It is LIC’s family Medical Insurance Plan. 

Whom All I can cover under Jeevan Arogya?
Yourself (Known as Principal Insured), Your Spouse, all your family members including dependent parents and parents-in-law in the age group 0-75.

Is there any Maturity or Death Benefit under Jeevan Arogya?
What is the Mandatory requirement for claiming Medical Benefits under Jeevan Arogya? Hospitalization in India due to either accident or sickness for at least 24 hours, every block of 4 hours deemed as 1 day.

What is the basis of calculating Medical Benefits under Jeevan Arogya?
Hospital Cash Benefit (HCB) you opt for at the time of entering the plan. It can be anything between Rs 1, 000/- to Rs 4, 000/- per day (in multiples of Rs 1,000).

What are the eventualities covered under Jeevan Arogya?
Hospitalization as above. No surgery: Cash reimbursement equal to Applicable Daily Benefit (ADB) x No of day's hospitalization.
ICU admission: 
Cash reimbursement equal to double the ADB.

Listed Surgical Procedures:
Cash reimbursement equal to 2 times the ADB subject to a maximum of 45 days in a year or 360 days during the entire policy term (15 days - First Year).
Listed Day Care Procedures:  5 times the ADB applicable regardless of the actual costs incurred not exceeding 3 times in a year and 24 times in the entire policy term.

What is `Applicable Daily Benefit' (ADB)' referred to under Jeevan Arogya?
It is the sum total of HCB you have opted for at the commencement of the plan + 5% of the HCB you earn every year subsequent to first year reaching a maximum of additional 50% of the initial HCB + 5% of the HCB you earn at the end of every 3 years in case you have not claimed any amount under the plan for previous 3 years, without any limit.

How long I need to pay premium under Jeevan Arogya?
Upto age 80, if the age at entry is 18-75 years, Upto age 25, if the age at entry is 0-17.

Does premium under Jeevan Arogya remains same throughout the premium payment term or will it keep varying? 
It keeps varying once in 3 years.

Is there any Income-Tax Benefit on Jeevan Arogya Premium?
Yes, Premium paid every year enjoys I.T exemption under section 80 D within the statutory limit for medical insurance premium up to Rs 15,000/- per annum in case of individuals and Rs 30,000/- for the family members.

Does Jeevan Arogya offer any Cash-less facility?
No.

What is so special about Jeevan Arogya?
This is one plan where,You get medical coverage up to age 80 without any interruption, provided, policy is kept in force by premium payment in time. You can cover all your family members including your parents and parents- in law in the age group 0-75. Medical reimbursement available under the plan is independent of the actual medical expenses incurred. Mere hospitalization followed by discharge certificate is enough to claim medical reimbursement unlike  Mediclaim plans where medical reimbursement is directly related to the actual expenses claimed by your hospital. As a result, unlike  Mediclaim Plans, Jeevan Arogya takes care of your post treatment expenses and possible drop in your income especially during prolonged illness.
You can draw up to 50% of the claim amount in advance for meeting surgical procedures instead of waiting for the claim settlement. ADB keeps increasing every year by 5%, reaching a maximum of 150%. As a result, other benefits like HCB and MSB sum also stand increased. You can claim HCB every year upto 30 days at a stretch that includes 15 days in ICU or as a lifetime benefit up to 720 days that includes 360 days in ICU.

It provides you premium waiver for next 1 year in case of your undergoing major surgical procedures.
Jeevan Arogya investment as an additional benefit, even if you have invested in General Insurance Companies' Mediclaim plans Infact, a combination of Jeevan Arogya Mediclaim could be the best way of providing for medical exigencies. While Mediclaim provides for Medical Expenses during treatment,  Jeevan Arogya takes care of your monetary requirement after treatment.

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