New plan Jeevan Pragati from LIC with increasing Risk Cover

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 benefits include:

Death Benefit: Death Sum Assured as mentioned above table along with Bonus, if any.
Survival Benefit: Basic Sum Assured + Revisionary Bonus + Final Additional Bonus

Tax Benefit:

Under section 80C, and maturity amount is totally tax free U/s 10(10D).

Why wait for more time, call us for financial plan today.

Need more info on this plan? Contact us for more details :)

Comments

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...

LIC Launches One more Child Plan - Jeevan Tarun - 834

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...

Get your LIC policy details through SMS instantly

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

My Insurance Advisor

Search This Blog