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Life Insurance corporation of India, on 19/08/2015, Wednesday, launching the ULIP plan after a gap of 20 months. It is the first of its kind from LIC after December, 2013. This plan, new Endowment plus, offers investment-cum-insurance during the term of the policy. Plan for your kids education or marriage with this plan. Policyholder has the option to choose anyone from below 4 funds to invest premiums initially and at the time of switching: Fund Type Investment in Government / Government Guaranteed Securities / Corporate Debt Short- term investments such as money market instruments Investment in Listed Equity Shares Details and objective of the fund for risk /return Bond Fund Not less than 60% Fund Not more than 40% Nil Low Risk Secured Fund Not less than 45% Not more than 40% Not less than 15% & Not more than 55% Steady Income -Lower to Medium risk Balanced Fund Not less than 30% Not more than 40% Not less than 30% & Not more than 70% Balanced Income and growth...

Along with the overwhelming happiness, parenthood also comes with great responsibility. Towards that end, such dreams need money. Your plan has to meet the increasing educational and other needs of growing children. It requires well-thought-on financial planning to analyze the expenses involved at every step of bringing up a child. Here are some other points accumulated from around the web about the need of Child Insurance Plans. The Rising Cost of Education. Disciplined Savings Income Protection for Your Child Collateral for Loans Untimely Death of a Parent Customized payouts Sources: Economic Times - Why you must have a child insurance plan Daily Bhaskar  - No kidding: 6 reasons why child insurance is important Policy Bazaar  - Importance of Child Insurance These site have really explained well about Child Insurance plans. Before you continue further make sure you have gone through at-least one of the Sources provided above. So...

LIC launched One more child plan.  The name of the plan is Jeevan Tarun and No is 834. In this plan, you have the option to choose money back from kids age of 20. Here's are the salient features of the plan -  AGE: 0 - 12 Min SA: ₹75000 TERM: (25 - Age at Entry) PPT: (20 - Age at Entry) PWB Available. MATURITY : AGE 25. LAST 5 YEARS OPTIONAL MONEY BACK. Option:  SB (Last 5 yrs): Maturity: 1:          No SB.             100% SA 2:          5% SB.             75% SA 3:          10% SB.           50% SA 4:          15% SB.           25% SA.  All other features such as loan and surrender are available by default. Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns. Ne...

LIC launches a new plan Jeevan Lakshya 833, which has similar features of earlier Jeevan Ankur plan. Jeevan Lakshya is a child benefit endowment plan. This plan is specially designed to meet the Child's future requirements even if the parent is alive or not, as in Jeevan Ankur. Features of LIC's new Jeevan Lakshya: Premium Payment Term = Premium Term - 3 Years. Sum assured with Bonus will be paid on policy maturity .  On the death (natural)  of life insured within the policy term :  Future premiums are waived. So no premium needs to be paid after that.  10% of Sum assured will be paid to the child every year , starting from the next year of parent's expiry.  110 % Sum assured with Bonus will be paid at the end of the policy term. On the  death (accidental)  of life insured  within  the policy term :  Sum assured will be paid immediately . Future premiums are waived. So no premium needs to be paid afte...

Jeevan Sangam :   Single Premium Plan No.831 launching on 4th  March 2015 and available for a maximum period of 90 days.           Close-ended, Non-linked, With-profits plan.           ELIGIBILITY CONDITIONS- o    Minimum Entry Age= 6 yrs completed; o    Maximum Entry Age= 50 yrs nearer birthday; o    Minimum Sum Assured= Rs.75,000/- (in multiples of Rs.10,000/-); o    Maximum Sum Assured= No limit; o    Policy term= 12 yrs fixed;           DATE OF COMMENCEMENT OF RISK- o    for age 7 yrs nearer birthday= Risk will commence from policy anniversary coinciding with or immediately following age 8 yrs ( nearer birthday); o    For those aged 8 yrs nearer birthday or more= Risk will commence immediately.           MATURITY SUM ASSURED = Sum Assured + Loyalty Addition, if any...

Today LIC has launched the most awaited plan for the children, a new Child Plan - 832, after a gap of 14 months. Following are the salient features of the plan: Non-linked, With profits, Regular Premium Payment Money Back Plan No.832 launching wef 4th March 2015. ELIGIBILITY CONDITIONS-             Minimum Entry Age= 0 yrs LBD (Last Birth Day);             Maximum Entry Age= 12 yrs LBD;             Policy term= 25 yrs minus entry age;             Maturity Age= 25 yrs;             Minimum Basic Sum Assured= Rs.1 Lac;             Maximum Basic Sum Assured= No Limit. DATE OF COMMENCEMENT OF RISK-             a) for age of LA below 8 yrs= 2 yrs after DOC;             b) for those aged 8 yrs & above= immediately. SURVIVAL B...

Hi Folks, LIC has launched mostly awaited Child Plan (#832) . And also a new Single Premium Plan - Jeevan Sangam (831) with 10 times risk cover. Follow the links provided for more details. Or also comment below your queries.

Knowing the details of your LIC policy is now more easier. LIC launched new service, ASKLIC, to get details such as nominee, revival amount, premium due, loan amount and bonus accrued by the policy. For these details send SMS in below format to 92224 92224. To know SMS to 9222492224 Nominee of the policy ASKLIC <Policy No.> nom Revival amount of the policy ASKLIC <Policy No.> rev Premium due of the policy ASKLIC <Policy No.> prem Loan amount of the policy ASKLIC <Policy No.> loan Bonus accrued of the policy ASKLIC <Policy No.> bonus Wish to know still more information, such as maturity date or amount or surrender value? Contact us anytime for full details of your policy, we'll explain you the features and benefits of your policy and plan. Happy to help. :) Sources:  http://www.licindia.in/pages/Enquiry_7thru_SMS.pdf