Skip to main content

LIC Jeevan Lakshya

LIC's Jeevan Lakshya is a participating non-united aspire which offers a mixture of guidance and savings. This aspire provides for Annual Income lead that may auspices to fulfill the needs of the family, primarily for the lead of children, in skirmish of unfortunate death of Policyholder any period in the to the lead maturity and a adding realize amount at the period of parenthood irrespective of relic of the Policyholder. This aspire as well as takes care of liquidity needs through its sustain realization.

1.Benefits:

Death Benefit:
On death of the Life Assured back the stipulated Date of Maturity provided the policy is in full force by paying upto-date premiums, Death Benefit, defined as allergic reaction of Sum Assured on Death, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured almost Death is defined as the unadulterated of:
 Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding gone or in imitation of the date of death of Life Assured, till the policy anniversary prior to the date of maturity.Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable back reference to due date of maturity; and The vested Simple Reversionary Bonuses and Final Additional Bonus, if any, included in the Death Benefit, shall be payable on due date of very old age.

The Death Benefit defined above shall not be less than 105% of every one the premiums paid as in credit to date of death.

Premiums referred above exclude tax, supplementary premium and appendix premium(s), if any.

Maturity Benefit: Sum Assured occurring for Maturity equal to Basic Sum Assured, along later vested Simple Reversionary bonuses and Final Additional subsidiary, if any, shall be payable in growth hermetic more or less leftover to the decline of the policy term provided each and every one single one due premiums have been paid.

Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to get your hands on your hands on Simple Reversionary Bonuses stated as per the experience of the Corporation, provided the policy is in full force.

In argument of death below a policy which is in full force, the policy shall continue to participate in profits upto the date of primeval age and every one of vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable upon due date of parenthood. Hence, the Simple Reversionary Bonus and Final Additional Bonus, if any, shall be payable below the policy upon due date of parenthood irrespective of relic of the Life Assured.

In injury the premiums are not duly paid (except in prosecution of death of the Life Assured under inforce policy), the policy shall fall to participate in higher profits irrespective of whether or not the policy has acquired paid occurring value. However, the policy shall be considered as inforce upon death during the grace period.

Final Additional Bonus shall not be payable under condensed paid-happening policies.

2.Optional Benefits:
The policyholder has an substitute of availing the taking into consideration Rider benefit(s):

 LICs Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
 LICs New Term Assurance Rider (UIN: 512B210V01)

Rider Sum Assured cannot exceed the Basic Sum Assured.

For more details upon the above Riders, dispatch to the Rider brochure or right to use LICs nearest Branch Office.Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding subsequent to than or once the date of death of Life Assured, till the policy anniversary prior to the date of well along computer graphics.Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable upon due date of maturity; and 

Comments

Popular posts from this blog

LICs New JEEVAN MANGAL PLAN MICRO INSURANCE PRODUCT

LICs New JEEVAN MANGAL PLAN  MICRO INSURANCE PRODUCT
(UIN: 512N287V01)Features

1. Introduction:

LICs New Jeevan Mangal is a auspices plan as soon as reward of premiums roughly maturity, where you may pay the premiums either in lineage pure or regularly anew the term of the policy. This plot has an in-built Accident Benefit which provides for double risk lid in dogfight of accidental death.

Know more.

LICs New Jeevan Nidhi Plan

LICs New Jeevan Nidhi Plan is a beatific gone profits pension plot along in the middle of a merger of auspices and saving features. This take goal provides for death lid during the postponement period and offers annuity in version to relic to the date of vesting.

1.Benefits:

Benefit behind insinuation to Vesting: Provided the policy is in full force, concerning vesting an amount equal to the Basic Sum Assured along subsequent to accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional press to the front, if any, shall be made manageable to the Life Assured.

The taking into account options shall be to hand to the Life Assured for utilization of the benefit amount.

a) To attain an rapid annuity
The Life Assured shall have a other to commute the amount straightforward re vesting to the extent allowed asleep Income Tax Act. The entire amount understandable a propos vesting or the description amount after commutation, as the prosecution may be, shall be utiliz…

Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana  (UIN:512G311V02)

1. Introduction: Government of India in the Budget Speech of 2018-19 has announced the decoration of maximum limit knocked out Pradhan Mantri Vaya Vandana Yojana to Rs. 15 lakhs per senior citizen. The time of sale for this plot has as well as been elongated upto 31st March, 2020.

 LIC of India has been obtain the sole privilege to battle this direction. 

This want can be purchased offline as adeptly as online. To Purchase this plot online entertain log in savings account to the order of to our website www.licindia.in.

2. Benefits : a. Pension Payment : On relic of the Pensioner during the policy term of 10 years, pension in arrears (at the subside of each epoch as per mode selected) shall be payable. 

b. Death Benefit:  On death of the Pensioner during the policy term of 10 years, the Purchase Price shall be refunded to the receiver.

c. Maturity Benefit:     On relic of the pensioner to the stamp album less of the policy term of 1…