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Children Plans
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Komal Jeevan
Jeevan Kishore
Jeevan Chhaya

Endowment Plans
Endowment Policy
Endowment Policy 1
Jeevan Mitra (Double)
Jeevan Mitra (Triple)
Jeevan Anand
New Janaraksha Plan

Special Plans
New Bima Gold
Health Protection Plus
Health Plus
Bima Nivesh 2005
Jeevan Saral
Jeevan Madhur
General Insurance
child plan
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New Janaraksha Plan

Product summary:
This is an Endowment Assurance plan that provides financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the term.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death. After at least two full years’ premiums have been paid, full insurance cover is available even when premiums are not paid for up to three years.

Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  Once declared, they form part of the guaranteed benefits of the plan. Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.

Benefits:

Death Benefit:
The Sum Assured plus all bonuses to date is payable in a lump sum upon the death of the life assured during the policy term.

Accident Benefit:
The Sum Assured (subject to a limit of Rs.5 lakhs) is payable in a lump sum on accidental death of the life assured during the policy term. In case of permanent disability of the life assured due to accident during the policy term, this benefit is payable in instalments.

Maturity Benefit:
The Sum Assured plus all bonuses declared up to maturity date is payable in a lump sum on survival to the end of the policy term.

Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra protection/option.  An additional premium is required to be paid for these benefits.

Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender value will be available under the plan on earlier termination of the contract.

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more.  The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium.

Corporation’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.

The Corporation reviews the surrender value payable under its plans from time to time  depending on the economic environment, experience and other factors.

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Money Back Plans
Money Back 20 Years
Money Back 25 Years
Jeevan Surabhi 15
Jeevan Surabhi 20
Jeevan Surabhi 25
Jeevan Rekha
Bima Bachat

Whole Life Plans
Whole Life Policy
Whole Life Policy 1
Whole Life Policy 2
Jeevan Rekha
Jeevan Anand

Unit Plans
Endowment Plan
Samridhi Plus
Bima Account I & II


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