LIC Special Plans Insurance Plans

LIC Special Plans Insurance Plans

LIC’s Special Plans are not plans but opportunities that knock on your door once in a lifetime. These plans are a perfect blend of insurance, investment and a lifetime of happiness!

This type of special plans introduced by the life insurance corporation is specifically not plans but they are grasping opportunities that come your way once in a lifetime. These plans accurately blended along with insurance, investment and lots of satisfaction, which bring in happiness all over.

New Bima Gold (Golden Jubilee Plan)
These plans are pretty focused to the premiums paid over the term of plans are paid back during the policy term in instalments and life insurance cover is available not only during the term but also during the extended term of the plan. These plans help an individual for shaping their future and yield rich outputs.

Jeevan Saral
This policy plan depicts that it is an assurance plan in which the policy holder just simply need to choose the amount and mode of premium payment. This plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid by the policy holder. The Matured Sum Assured depends on the age at entry of the policy holder’s life. The maturity Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as concluded by the assurer throughout the term of the policy. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death.
Loyalty Additions:
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.

Anmol Jeevan
This is the assurance policy that is delivered to all the policy holders on death during the term of the policy on maturity and the sum assured should be according to their requirement. The maximum age at maturity level is 65 years. The maximum tenure of maturity is 25 years and the minimum is 5 years .The premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by the assured individual throughout the term of the policy. As per the bonuses are concerned it provides a share of the profits in the form of bonuses

on death during the term of the policy  sum assured
on maturity                                                   nil



restrictions

Minimum age at entry 18 years (completed)
maximum age at entry 55 years (nearer birthday)
maximum age at maturity 65 years
minimum term 5 years
maximum term 25 years
minimum sum assured rs. 5,00,000/-
maximum sum assured less than 25,00,000 .
mode of premium payment* yearly, half- yearly and single premium


 

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