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...

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...

LIC launches New Plan - 830 - Limited Premium Endowment Plan. This is a limited premium paying conventional With-Profits Endowment Assurance plan. The plan is available from Ages 18 years to 62 years with certain conditions. The attractive feature of this plan is that Premium paying term is 8 years or 9 years only, whereas the policy term can be for 12,16, and 21 years as per the choice. Features in short: Premium Paying Term            -           8 or 9 years. Policy Term                             -          12, 16 or  21 years. Minimum Basic Sum Assured -            Rs. 3, 00,000/- Maximum Basic Sum Assured-            No Limit. ...

For the financial year 2013-14 the tax slab was Rs.2,00,000/- for general category. Now for the current financial year it has been raised to Rs.2,50,000/-. Have you made the plans for it? Not yet? If you are planning for some good investments then LICs Jeevan Shagun is one of the good options. This is a one time payment (single premium plan with money back from 10th year). And also has a good returns of approximately X3(triple). Still thinking? Let me know your doubts/clarifications. Its time to start savings and investments.