Special Plans

Jeevan Madhur

It is a simple savings related life insurance plan where you may pay premiums regularly at weekly, fortnightly, monthly, quarterly, half-yearly or yearly intervals over the term of the policy.

Read more: Jeevan Madhur

 

Jeevan Saral

Jeevan saral policy by Lic of India is also called ATM - Any Time Money or monthly saving plan. Jeevan saral is a Monthly Recurring Life Insurance Plan by Lic of India where you can pay choose your monthly premium and get 250 times of your monthly premium + total premium paid + Loyalty additions if any in case of death and on maturity you get a lumpsum amount which is 100% tax free.

Jeevan Saral has won a Golden Peacock award.

LIC’s Jeevan Saral is a unique insurance plan having good features of the conventional plans and he flexibility of  unit linked plans.  To the policyholder it provides —

  • · higher cover
  • · a smooth return,
  • · liquidity and flexibility
 
BENEFITS:
On death:
· 250 times the monthly premium, plus
· return of premiums excluding extra/rider premium and    first year premium,
plus
· the loyalty addition, if any.
On Maturity:
· Maturity sum assured, plus
· The Loyalty Additions, if any
 
Special Features:
  • High risk cover at low premium
  • Extended risk cover for one year after 3 years premium payment.
  • Optional higher cover through Term Riders
  • The policyholder can choose a maximum term but can surrender at any time
  • Without any surrender penalty or loss after 5 years
  • Any number of withdrawals through partial surrendering
 
ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
  • Age at entry    : Minimum 12 (completed) and maximum 60 years nearest
  • Age at maturity : Maximum 70 years.
  • Term                : All terms from 10 to 35 years.
  • Premium           : Minimum premium of Rs.250/- per month for entry age  upto 49 years and Rs.400/- per month for entry age 50 years and above. There will be no limit on the maximum premium per month.
  • Mode                : Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme
  • In case of term rider, minimum and maximum age at entry will be 18 and 50 years
  • respectively.  Further minimum sum assured will be Rs.1 lakh. 

l.i.c policy statusl.i.c policy status

New Bima Gold

It is a plan where premiums paid over the term of plan 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.

Read more: New Bima Gold

 
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