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Showing posts from March, 2015

Jeevan Ankur re-launched as Jeevan Lakshya 833

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...
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LIC's New Single Premium Plan (831) Jeevan Sangam

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...
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LIC's New Children's Money Back Plan (832)

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...
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