My Insurance Advisor

LIC launches yet again another new plan of the year - Jeevan Pragati (T. No. 838), which is an endowment plan with increasing risk cover: Here are the salient features of this plan: With Profit Non Linked Endowment Plan with Increasing Risk Cover as below: Term (in Years) Risk Cover 0-5 100% of Basic Sum Assured 6-10 125% of Basic Sum Assured 11-15 150% of Basic Sum Assured 16-20 200% of Basic Sum Assured What is the speciality and beauty of this plan? Its premium remains same over the term. So at the same premium, you will get double the risk cover from 16th year. As your age increases, its necessary to increase your risk cover. No new policies are to taken to increase your risk cover in future Eligibility criteria for the plan is: Minimum age of entry : 12 years Maximum age of entry: 45 years Minimum Sum Assured: 1.5 Lakhs. Policy benef...

For all those who were missing the great plan, Jeevan Shree, from LIC, here is a great news. The old plan is re launched as Jeevan Labh (T. No. 836). And also the minimum sum assured is ₹.2,00,000/- only. Here are the salient features of the new plan Jeevan Labh (836) Limited premium paying term Non Linked With Profit Endowment Plan Plan Term and premium paying terms(PPT) are as under: For term 16 years, PPT is 10 years For term 21 years, PPT is 15 years For term 25 years, PPT is 16 years. You can choose term from one of the above options. It is a very good plan with good returns. Also its payment term is less than plan term, which is useful mostly for professionals or short term paying users. Eligibility criteria for the plan is: Minimum age of entry : 8 years Maximum age of entry: 59/54/50 for above terms of 16/21/25 Minimum Sum Assured: 2 Lakhs. Policy benefits include: Death Benefit: Basic Sum Assured Survival Benefit: Basic Sum Assured...