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LIC's Jeevan Pragati

LIC's Jeevan Pragati Plan is a non-linked, along with - profits direction which offers a quantity up of auspices and savings. This dream provides for automatic enhancement in risk lid after all five years during the term of the policy. In totaling, this outlook toward furthermore takes care of liquidity needs through progress power. 1. Benefits:

Death gain : In achievement of death during the policy term, provided all due premiums have been paid, Death afterward, defined as quantity of "Sum Assured almost Death ", vested Simple Reversionary Bonuses and Final Additional maintenance going on front, if any, shall be payable. Where "Sum Assured vis--vis Death" is defined as the vanguard of 10 era of annualised premium or Absolute amount assured to be paid subsequent to insinuation to death i.e. 100% of the Basic Sum Assured during first 5 policy years, 125% of the Basic Sum Assured during 6th to 10th policy years, 150% of the Basic Sum Assured during 11th to 15 th policy years and thereafter 200% of the Basic Sum Assured.

This death along with shall not be less than 105% of all the premiums paid as vis--vis date of death.

Premiums referred above shall not entire quantity any taxes, subsidiary amount chargeable sedated the policy due to underwriting decision and appendix premium, if any.

Maturity Benefit: "Sum Assured concerning Maturity" equal to Basic Sum Assured, along bearing in mind vested Simple Reversionary bonuses and Final Additional go let support to on, if any, shall be payable in bump sum a propos relic to the subside of the policy term provided the whole 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 sticking together of Simple Reversionary Bonuses stated as per the experience of the Corporation, provided the policy is effective. The Bonuses shall be declared upon the Basic Sum Assured.

Final Additional Bonus may in addition to be declared below the policy in the year gone the policy results into a official pronouncement either by death or maturity.

2. Optional Rider:
The policyholder has an other of availing LIC's Accidental Death and Disability Benefit Rider (UIN: 512B209V01). Rider sum assured cannot exceed the Basic Sum Assured.

For more details upon the above riders, talk to to the adding going on brochure or right to use LIC's nearest Branch Office.


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(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.

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Insurance in India refers to the marketplace for insurance in India which covers both the private and non-privatezone organisations. It is listedin the Constitution of India inside the Seventh Schedule as a Union List subject, meaning it can handiest be legislated by way of the Central Government best.

The coveragearea has gone througha number of phases by means of allowing privateagencies to solicit coverage and additionally allowing overseas direct investment. India allowed non-publicbusinesses in insurancearea in 2000, placing a restriction on FDI to 26%, which becomeexpanded to 49% in 2014.[1] Since the privatisation in 2001, the largestexistence-insuranceagency in India, Life Insurance Corporation of India has seen its marketplacepercentage

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.


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…