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LIC Insurance Services

Every day we wake up to the fact that more than 250 million lives are part of our family called LIC.

We are humbled by the magnitude of the responsibility we carry and realize the lives that are associated with us are very valuable indeed.

Though this journey started over five decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 59 years has been a process called TRUST.

LIC Jeevan Labh
  • LIC Jeevan Labh
  • LIC Jeevan Labh
  • LIC Jeevan Labh
  • LIC Jeevan Labh
  • LIC Jeevan Labh
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LIC Jeevan Labh

Rs 600 / MonthGet Latest Price

Age Limit50
Start Date / Month08 years
Type Of Guarantee Return100
Insurance Policy Duration25
Start Date / Month01
Insurance Policy Duration ( In Years)12-25
Lic Endowment Plansyes

LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.
1.      Benefits:
Death benefit:
In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as sum of "Sum Assured on Death",vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, "Sum Assured on Death" is defined as the higher of 10 times of annualised premium or Absolute amount assured to be paid on death i.e. Basic Sum Assured . This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.

Maturity Benefit:

"Sum Assured on Maturity" equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits:
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.

2.      Optional Benefit:
The policyholder has an option of availing the following Rider benefit(s):
  1. LIC's Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
  2. LIC's New Term Assurance Rider (UIN: 512B210V01)

Rider sum assured cannot exceed the basic sum assured. 
For more details on the above riders, refer to the rider brochure or contact LIC'snearest Branch Office.

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LIC Anmol Jeevan
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LIC Anmol Jeevan

Rs 5,000 / YearGet Latest Price

LocationNoida
Age Limit35 years
Mode Of WorkOffline
Start Date / Monthany
Type Of Guarantee Returnyes
Insurance Policy Duration ( In Years)12-25

LIC’s Anmol Jeevan - II is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate demise.

Benefits:

Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

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LIC Aadhar Stamb
  • LIC Aadhar Stamb
  • LIC Aadhar Stamb
  • LIC Aadhar Stamb
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LIC Aadhar Stamb

Rs 500 / NumberGet Latest Price

Minimum Order Quantity: 1 Number

Mode Offline
Insurance Policy Duration ( In Years)12-25
Age Limit15-50
LocationNoida
Mode Of WorkOnline
Start Date / Monthany
Insurance Policy Duration12-25
Type Of Guarantee Return100
Start Date / Monthany
Lic Endowment PlansYes

(LIC's AADHAAR STAMBH (UIN: 512N310V01)(A non-linked, with-profit endowment assurance life insurance plan)
LIC's Aadhaar Stambh Plan offers a combination of protection and savings. This plan is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.



In addition, this plan also takes care of liquidity needs through its Auto Cover as well as loan facility.

  1. Benefits:
  2. Death benefit:
On death of the Life Assured during the policy term provided all due premiums have been paid then:


On death during first five years:"Sum Assured on Death" shall be payable.


On death after completion of five policy years but before the date of maturity:"Sum Assured on Death" and Loyalty Addition, if any, shall be payable.


Where "Sum Assured on Death" is defined as the highest of
  • 10 times of annualised premium; or
  • Sum Assured on Maturity as defined in 1. b) below; or
  • Absolute amount assured to be paid on death, i.e. Basic Sum Assured.


The death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premiums, if any.

  1. Maturity Benefit: On the life assured surviving to the end of the policy term, provided all due premiums have been paid, "Sum Assured on Maturity" along with Loyalty Addition, if any, shall be payable.
Where "Sum Assured on Maturity" is equal to Basic Sum Assured.

  1. Loyalty Addition:
Provided the policy has completed five policy years and atleast 5 full years' premium have been paid, then depending upon the Corporation's experience the policies under this plan shall be eligible for Loyalty Addition at the time of exit in the form of Death during the policy term or Maturity, at such rate and on such terms as may be declared by the Corporation. Under a paid-up policy, Loyalty Addition shall be payable for the completed policy years for which the policy was inforce.

In addition, Loyalty Addition, if any, shall also be considered in Special Surrender Value calculation on surrender of policy during the policy term, provided the policy has completed five policy years and atleast 5 full years' premium have been paid.

Additional Information:

  • Pay Mode Terms: T/T (Bank Transfer)

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LIC Jeevan Shanti
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LIC Jeevan Shanti

Rs 1 Lakh / NumberGet Latest Price

Minimum Order Quantity: 1 Number

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Insurance Policy DurationWhole Life
LocationNoida
Age Limit30-85
Mode Of WorkOffline
Start Date / Month30
Lic Endowment PlansPension Plan

Plan
  • This is a single premium plan wherein the Policyholder has an option to choose an Immediate or Deferred annuity.
  • The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity and annuities are payable throughout the life time of Annuitant(s).
  • This plan can be purchased offline as well as online. To purchase the plan online, please log on to our website 
 Benefits
  • Make one time investment and get Guaranteed life long income.
  • 9 different annuity options to choose from to suit every need and circumstance.
  • Option to choose either Immediate Annuity or postpone it to a future date as Deferred Annuity.
  • Annuity rates are guaranteed from inception of the policy.
  • Guaranteed additions during deferment period.
  • This policy can be taken on own life or as joint life with grandparent, parent, children, grandchildren, spouse or siblings.
  • Loan Available: Loan facility shall be available after completion of 1 policy year.
  • Surrender Allowed: The policy can be surrendered at anytime after three months from the completion of policy when Annuity Option is with return of purchase price.
  • Free look Period: If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15days.
  • Option to take the plan for the benefit of handicapped dependant (Divyangjan) life


Additional Information:

  • Packaging Details: Annuity Options The options available under Immediate Annuity are: Option A: Immediate Annuity for life. Option B: Immediate Annuity with guaranteed period of 5 years and life thereafter. Option C: Immediate Annuity with guaranteed period of 10 years and life thereafter. Option D: Immediate Annuity with guaranteed period of 15 years and life thereafter. Option E: Immediate Annuity with guaranteed period of 20 years and life thereafter. Option F: Immediate Annuity for life with return of Purchase Price. Option G: Immediate Annuity for life increasing at a simple rate of 3% p.a. Option H: Joint Life Immediate Annuity for life with a provision for 50% of the annuity to the Secondary Annuitant on death of the Primary Annuitant. Option I: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives. Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. The options available under Deferred Annuity are: Option 1: Deferred annuity for Single life Option 2: Deferred annuity for Joint life

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LIC Jeevan Lakshya
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LIC Jeevan Lakshya

Rs 6,000 / YearGet Latest Price

Start Date / Month18 Years
Insurance Policy Duration ( In Years)13-25 years

LIC's Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.

1.Benefits:

Death Benefit:
On death of the Life Assured before the stipulated Date of Maturity provided the policy is in full force by paying upto-date premiums, Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as the sum of:

  1. Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity.
  2. Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable on 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 maturity.

The Death Benefit defined above shall not be less than 105% of all the premiums paid as on date of death.

Premiums referred above exclude tax, extra premium and rider premium(s), if any.

Maturity Benefit:“Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

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

In case of death under a policy which is in full force, the policy shall continue to participate in profits upto the date of maturity and the entire vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable on due date of maturity. Hence, the Simple Reversionary Bonus and Final Additional Bonus, if any, shall be payable under the policy on due date of maturity irrespective of survival of the Life Assured.

In case the premiums are not duly paid (except in case of death of the Life Assured under inforce policy), the policy shall cease to participate in future profits irrespective of whether or not the policy has acquired paid up value. However, the policy shall be considered as inforce on death during the grace period.

Final Additional Bonus shall not be payable under reduced paid-up policies.

2.Optional Benefits:
The policyholder has an option of availing the following Rider benefit(s):

» LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
» LIC’s New Term Assurance Rider (UIN: 512B210V01)

Rider Sum Assured cannot exceed the Basic Sum Assured.

For more details on the above Riders, refer to the Rider brochure or contact LIC’s nearest Branch Office.

  1. Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity

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LIC New Money Back Plan
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LIC New Money Back Plan

Rs 6,000 / YearGet Latest Price

Insurance Policy Duration ( In Years)20 Years and 25 Years
Start Date / Month13 Years

LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

1.Benefits:

Death benefit: On death during the policy term provided the policy is in full force, death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

The premiums mentioned above exclude tax, extra premium and rider premium, if any.

Survival Benefits: In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th 15th policy year.

Maturity Benefit: In case of Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.

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

Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity, provided the policy has run for certain minimum term.

2.Optional Benefit:

LIC’s Accidental Death and Disability Benefit Rider: LIC’s Accidental Death and Disability Benefit Rider can be opted for under an inforce policy at any time within the premium paying term by payment of additional premium and the cover will be available throughout the policy term provided the Policy is inforce for the full Sum Assured as on date of accident. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

However, on surrender of an inforce basic policy (which has acquired Surrender Value) to which this rider is attached, a proportion of additional premium charged in respect of cover after premium paying term shall be refunded.

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LIC New Endowment Plan
  • LIC New Endowment Plan
  • LIC New Endowment Plan
  • LIC New Endowment Plan
  • LIC New Endowment Plan
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LIC New Endowment Plan

Rs 800 / MonthGet Latest Price

Insurance Policy Duration ( In Years)12-35 years
Start Date / Month08 - 55 years

LIC’s NEW ENDOWMENT PLAN (UIN: 512N277V01)

LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

1. Benefits:
Death benefit:
In case of death during the policy term provided all due premiums have been paid Death benefit, defined as sum of "Sum Assured on Death" and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.

Where premiums exclude service tax, extra premium and rider premiums, if any.

Maturity Benefit: Basic Sum Assured, along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.

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

Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity, provided the policy has run for certain minimum term.

2. Optional Benefit:
LIC’s Accidental Death and Disability Benefit Rider: LICs Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

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LIC Jeevan Umang
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LIC Jeevan Umang

Rs 21,000 / YearGet Latest Price

Insurance Policy Duration ( In Years)100 Years
Start Date / Month90 days

LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.
In addition, this plan also takes care of liquidity needs through loan facility.
 Benefits payable under an inforce policy:
 Death Benefit:
On death of the Life Assured during the policy term, provided all due premiums have been paid then
 On death before the commencement of Risk:
Return of premium/s paid without interest shall be payable.
 On Death after the commencement of Risk :
Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable.
Where “Sum Assured on Death” is defined as the highest of
 10 times of annualised premium; or
 Sum Assured on Maturity; or
 Absolute amount assured to be paid on death, i.e. Basic Sum Assured.
This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.
 Survival Benefit :
On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.
 Maturity Benefit:
On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable.
Where “Sum Assured on Maturity” is equal to Basic Sum Assured.
 Participation in profits :
Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy shall participate in profits during the policy term.
During the premium paying term :
Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during the premium paying term, provided the policy is in force.
Final Additional Bonus may also be declared under an inforce policy in the year when such policy results into a claim by death. However, Final Additional Bonus shall not be payable under paid-up policy or on surrender of a policy during the premium paying term.
In case the premiums are not duly paid, the policy shall cease to participate in future profits during premium paying term.

Additional Information:

  • Item Code: 512N312V01

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LIC New Children Money Back Plan
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LIC New Children Money Back Plan

Rs 8,500 / YearGet Latest Price

Insurance Policy Duration ( In Years)25 Years
Start Date / Month0 Years - 12 Years

LIC’s NEW CHILDREN’S MONEY BACK PLAN(UIN:512N296V01)LIC's New Children’s Money Back Planis a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. Theplan can be purchased by any of the parent or grand parent for a child aged 0to 12years. 1.Benefits:Death benefit: On death of the Life Assured before the stipulated Date of Maturity provided the policy is in full force, thenOn deathof the Life Assuredbefore the date of commencement of risk:Return of premium/s excluding taxes, extra premium and rider premium, if any. On death after the date of commencement of risk: Death benefit, defined as sum of “Sum Assured on Death”and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death”is defined as Higher of 10 times of annualized premium or Absolute amount Assured to be paid on Death i.e. Basic Sum Assured.This death benefit shall not be less than 105% of the total premiums paid as on date of death.The premiums mentioned above exclude taxes, extra premium and rider premium, if any.Survival Benefit:On the Life Assured surviving the policy anniversary coinciding with or immediately following the completion of ages 18 years, 20 years and 22 years,20% of the Basic Sum Assured on each occasion shall be payable, provided the policy is in full force.Maturity Benefit:On theLife assured surviving the stipulated date of maturity, provided the policy is in full force, Sum Assured on Maturity ( which is 40% of the Basic Sum Assured) along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.

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LIC Single Premium Endowment
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LIC Single Premium Endowment

Rs 1,000 / MonthGet Latest Price

Insurance Policy Duration ( In Years)10-25 years
Start Date / Month90 days

LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

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LIC New Bima Bachat
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LIC New Bima Bachat

Rs 35,000 / YearGet Latest Price

Insurance Policy Duration ( In Years)9-12-15 Years
Start Date / Month15 Years

LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.

1. BENEFITS:
a) Death benefit:
On death during the first five policy years: Sum Assured.
On death after completion of five policy years: Sum Assured along with Loyalty Addition, if any.

b)Survival Benefits:
Payable as given below in case of Life Assured surviving to the end of the specified durations:
For policy term 9 years: 15% of the Sum Assured at the end of each of 3rd 6th policy year
For policy term 12 years: 15% of the Sum Assured at the end of each of 3rd, 6th 9th policy year
For policy term 15 years: 15% of the Sum Assured at the end of each of 3rd, 6th, 9th 12th policy year

c) Maturity Benefit:
Payment of Single Premium (excluding taxes and extra premium, if any) along with Loyalty Addition, if any, in case of Life Assured surviving to the end of the policy term.

d) Loyalty Addition:
Depending upon the Corporation's experience the policies shall be participate in the profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five policy years and on policyholder surviving to maturity, at such rate and on such terms as may be declared by the Corporation.

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LIC Jeevan Rakshak
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LIC Jeevan Rakshak

Rs 8,200 / YearGet Latest Price

Insurance Policy Duration ( In Years)10-20 Years
Start Date / Month08 Years

LIC's Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.

1. Benefits:

Death benefit:
In case of death of the policyholder during the policy term provided all due premiums have been paid, “Sum Assured on Death” shall be payable, which is the highest of
» Basic Sum Assured or
» 10 times of annualized premium or
» 105% of all the premiums paid as on date of death.
The premiums defined above exclude service tax, extra premium and Accident Benefit rider premium, if any.

In addition to the above, Loyalty Addition, if any shall also be payable if death occurs after completion of 5th policy year.

Maturity Benefit: Basic Sum Assured, along with Loyalty Addition, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits: Provided the policy is in full force, then depending upon the Corporation’s experience the policies under this plan will be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable at such rate and on such terms as may be declared by the Corporation, on death after completion of 5th policy year or on Policyholder surviving to the maturity.

2.Optional Benefit:

LIC’s Accident Benefit Rider: Accident Benefit Rider is available as an optional rider by payment of additional premium. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan

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LIC Limited Premium Endowment
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LIC Limited Premium Endowment

Rs 10,000 / YearGet Latest Price

Start Date / Month18 Years

LIC's Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.

1.Benefits:

Death benefit: In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as sum of "Sum Assured on Death", vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, "Sum Assured on Death" is defined as the highest of 10 times of annualised premium or Guaranteed Sum Assured on Maturity i.e. Basic Sum Assured or Absolute amount assured to be paid on death i.e. 125% of Basic Sum Assured . This death benefit shall not be less than 105% of all the premiums paid as on date of death.

Premiums referred above exclude service tax, extra premium and rider premium(s), if any.

Maturity Benefit:"Sum Assured on Maturity" equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

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

Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.

2.Optional Benefit:

The policyholder has an option of availing the following Rider benefit(s):

  1. LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
  2. LIC’s New Term Assurance Rider (UIN: 512B210V01)

Rider sum assured cannot exceed the basic sum assured.

For more details on the above riders, refer to the rider brochure or contact LIC’s nearest Branch Office.

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LIC Jeevan Tarun
  • LIC Jeevan Tarun
  • LIC Jeevan Tarun
  • LIC Jeevan Tarun
  • LIC Jeevan Tarun
  • LIC Jeevan Tarun
  • LIC Jeevan Tarun
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LIC Jeevan Tarun

Rs 7,500 / YearGet Latest Price

Start Date / Month90 days
Insurance Policy Duration ( In Years)25 Years

LIC's JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years. It is a flexible plan wherein at proposal stage the proposer can choose the proportion of Survival Benefits to be availed during the term of the policy as per the following four options:

Option

Survival Benefit

Maturity Benefit

Option 1

No survival benefit

100% of Sum Assured

Option 2

5% of Sum Assured every year for 5 years

75% of Sum Assured

Option 3

10% of Sum Assured every year for 5 years

50% of Sum Assured

Option 4

15% of Sum Assured every year for 5 years

25% of Sum Assured

Where, Survival Benefit is the annual payment of a fixed percentage of Sum Assured (as defined in the table above) every year starting from policy anniversary coinciding with or following the completion of 20 years of age and thereafter on each of the next 4 policy anniversaries and Maturity Benefit is a fixed percentage of Sum Assured (as defined in the table above) along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, on maturity.

The chosen option shall become a part of the policy contract and no further change in option shall be allowed.

In addition, this plan also takes care of liquidity needs through its loan facility.

The plan can be purchased by any of the parent or grand parent for a child aged 0 to 12 years.

Benefits available under an inforce policy:

Death Benefit:
On death during the policy term (before commencement of risk):
In case of death of the Life Assured, return of premium/s paid excluding taxes, extra premium and rider premium, if any, without interest shall be payable.

On death during the policy term (after commencement of risk):
In case of death during the policy term provided all due premiums have been paid Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as Higher of 10 times of annualized premium or Absolute amount Assured to be paid on Death i.e. 125% Sum Assured.

This Death Benefit shall not be less than 105% of the total premiums paid as on date of death.

The premiums mentioned above exclude taxes, extra premium and rider premium, if any.

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LIC New Endowment Plus
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LIC New Endowment Plus

Rs 20,000 / YearGet Latest Price

Start Date / Month90 days
Insurance Policy Duration ( In Years)10-20

LIC's NEW ENDOWMENT PLUS (UIN: 512L301V01)
 

In This Policy, The Investment Risk In Investment Portfolio Is Borne By The Policyholder. The Linked Insurance Products Do Not Offer Any Liquidity During The First Five Years Of The Contract. The Policyholders Will Not Be Able To Surrender/ Withdraw The Monies Invested In Linked Insurance Products Completely Or Partially Till The End Of Fifth Year.

 
LIC's New Endowment Plus is a unit linked non-participating endowment assurance plan which offers investment cum insurance cover during the term of the policy. This plan is specially designed for you to provide a very good combination of protection and long term savings and also provides you greater flexibility to build a better life and realise your dreams.
 
You have a choice of investing premiums in one of the four types of investment funds available. Premiums paid after deduction of Premium Allocation Charge will purchase units of the Fund type chosen. The unit fund is subject to various charges and value of units may increase or decrease, depending on Net Asset Value (NAV).
 
1.      Payment of Premiums: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the term of the policy.
 
A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (ECS) premiums.
 
2.      Benefits:
A)    Death Benefit: On death of the Life Assured before the stipulated Date of Maturity provided policy is inforce, then
On death before the Date of Commencement of Risk:
An amount equal to the Policyholder's Fund Value shall be payable.
 
On death after the Date of Commencement of Risk:
An amount equal to the higher of Basic Sum Assured or Policyholder's Fund Value shall be payable. Where, Basic Sum Assured is (10 * Annualized Premium) or (105% of the total premiums paid), whichever is higher.

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LIC Jeevan Pragati
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LIC Jeevan Pragati

Rs 7,500 / YearGet Latest Price

Start Date / Month12
Insurance Policy Duration ( In Years)12-20

LIC's JEEVAN PRAGATI PLAN (UIN: 512N306V01)


LIC's Jeevan Pragati Plan is a non-linked, with - profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy. In addition, this plan also takes care of liquidity needs through loan facility.

 

1. Benefits:

Death benefit
 : In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as sum of "Sum Assured on Death ", vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where "Sum Assured on Death" is defined as the higher of 10 times of annualised premium or Absolute amount assured to be paid on 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 benefit shall not be less than 105% of all the premiums paid as on date of death.

Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium, if any.

Maturity Benefit: "Sum Assured on Maturity" equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits : The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in force. The Bonuses shall be declared on the Basic Sum Assured.

Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.

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

For more details on the above riders, refer to the rider brochure or contact LIC's nearest Branch Office.
 

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LIC Jeevan Arogya
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LIC Jeevan Arogya

Rs 2,000 / YearGet Latest Price

Insurance Policy Duration ( In Years)1 Year
Start Date / Month3 months

LIC's Jeevan Arogya is a unique non-participating non-linked plan which provides health insurance cover against certain specified health risks and provides you with timely support in case of medical emergencies and helps you and your family remain financially independent in difficult times.

Health has been a major concern on everybody’s mind, including yours. In these days of skyrocketing medical expenses, when a family member is ill, it is a traumatic time for the rest of the family. As a caring person, you do not want to let any unfortunate incident to affect your plans for you and your family. So why let any medical emergencies shatter your peace of mind.

LIC’s Jeevan Arogya gives you:
§    Valuable financial protection in case of hospitalisation, surgery etc
§ Increasing Health cover every year
§    Lump sum benefit irrespective of actual medical costs
§    No claim benefit
§    Flexible benefit limit to choose from
§ Flexible premium payment options


Very easy to choose your plan

Step 1

Choose the level of Health cover you need

Step 2

Work out the premium payable along with our Representative

Step 1: Choose the level of Health cover you need:

You can choose the amount of Initial Daily Benefit (i.e. the daily Hospital Cash Benefit applicable in the first year of the policy) as per your need from out of the following choices:

` 1000 per day

` 2000 per day

` 3000 per day

` 4000 per day

This is the amount that will be payable to you in the event of hospitalisation in the first year on a per day basis. The Major Surgical Benefit that you will be covered for will be 100 times the Initial Daily Benefit you have chosen. Thus the initial Major Surgical Benefit Sum Assured will be ` 1 lakh, 2 lakh, 3 lakh, 4 lakh respectively. Other benefits such as Day Care Procedure Benefit, Other Surgical Benefit and Premium waiver Benefit (PWB) mentioned below shall also be payable depending upon the daily Hospital Cash Benefit chosen.

Step 2: Work out the premium payable along with our representative
Your premium will depend on your age, gender, the Health cover option you have chosen, whether you are Principal Insured or other insured life and the mode of payment.

Tables below give an indicative annual premium, payable yearly, for all health benefits corresponding to an Initial Daily Benefit of ` 1000 per day, for some of the ages in respect of various lives that can be covered under a single policy:

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LIC Aadhaar Stambh
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LIC Aadhaar Stambh

Rs 5,000 / NumberGet Latest Price

Start Date / Month8 years to 55 years
Insurance Policy Duration ( In Years)12-20 years

(LIC’s AADHAAR STAMBH (UIN: 512N310V01) (A non-linked, with-profit endowment assurance life insurance plan)
LIC’s Aadhaar Stambh Plan offers a combination of protection and savings. This plan is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

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Lic  Aadhaar Shila
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Lic Aadhaar Shila

Rs 5,000 / NumberGet Latest Price

Insurance Policy Duration ( In Years)12-20 years
Start Date / Month8 years to 55 years

IC’s AADHAAR SHILA (UIN: 512N309V01)                     (A non-linked, with-profit endowment assurance life insurance plan)



LIC’s Aadhaar Shila Plan offers a combination of protection and savings. This plan is exclusively designed for female lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.

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Adhar Shila
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Adhar Shila

Rs 500 / NumberGet Latest Price

Minimum Order Quantity: 1 Number

ModeOffline


                      (LIC’s AADHAAR Sheela (UIN: 512N310V01)(A non-linked, with-profit endowment assurance life insurance plan)
LIC’s Aadhaar Sheela Plan offers a combination of protection and savings. This plan is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.



In addition, this plan also takes care of liquidity needs through its Auto Cover as well as loan facility.

  
  1. Benefits:
  2. Death benefit:
On death of the Life Assured during the policy term provided all due premiums have been paid then: 


On death during first five years: Sum Assured on Death” shall be payable.


On death after completion of five policy years but before the date of maturity: Sum Assured on Death” and Loyalty Addition, if any, shall be payable.


Where “Sum Assured on Death” is defined as the highest of 
  • 10 times of annualised premium; or
  • Sum Assured on Maturity as defined in 1. b) below; or
  • Absolute amount assured to be paid on death, i.e. Basic Sum Assured.


The death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premiums, if any.

  
  1. Maturity Benefit: On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with Loyalty Addition, if any, shall be payable.
Where “Sum Assured on Maturity” is equal to Basic Sum Assured.

  
  1. Loyalty Addition:
Provided the policy has completed five policy years and atleast 5 full years’ premium have been paid, then depending upon the Corporation’s experience the policies under this plan shall be eligible for Loyalty Addition at the time of exit in the form of Death during the policy term or Maturity, at such rate and on such terms as may be declared by the Corporation. Under a paid-up policy, Loyalty Addition shall be payable for the completed policy years for which the policy was inforce.

In addition, Loyalty Addition, if any, shall also be considered in Special Surrender Value calculation on surrender of policy during the policy term, provided the policy has completed five policy years and atleast 5 full years’ premium have been paid.

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LIC Jeevan Utkarsh Insurance Service
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LIC Jeevan Utkarsh Insurance Service

Rs 75,000 / UGet Latest Price

Start Date / Month6 - 47 Years
Insurance Policy Duration ( In Years)12 Years

LIC Jeevan Utkarsh Insurance Service

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LIC New Jeevan Anand
  • LIC New Jeevan Anand
  • LIC New Jeevan Anand
  • LIC New Jeevan Anand
  • LIC New Jeevan Anand
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LIC New Jeevan Anand

Rs 7,500 / YearGet Latest Price

Minimum Order Quantity: 15 Year

Start Date / Month18 - 50 years
Insurance Policy Duration ( In Years)15-35 Year

LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

1. Benefits:

Death benefit :
Provided all due premiums have been paid, the following death benefit shall be paid:

On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.

The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.

On death of policyholder at any time after policy term: Basic Sum Assured

Benefits payable at the end of Policy Term: Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits : The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.

Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.

2. Optional Benefit:

LIC's Accidental Death and Disability Benefit Rider: LIC's Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium during the policy term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

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LIC\'s Cancer Cover (UIN: 512N314V01)
  • LIC\'s Cancer Cover (UIN: 512N314V01)
  • LIC\'s Cancer Cover (UIN: 512N314V01)
  • LIC\'s Cancer Cover (UIN: 512N314V01)
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LIC's Cancer Cover (UIN: 512N314V01)

Rs 10 Lakhs / DayGet Latest Price

Minimum Order Quantity: 1 Day

Start Date / Month01
Insurance Policy Duration ( In Years)10-30 years

LIC's Cancer Cover is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancer during the policy term, subject to certain terms and conditions. The policy can be purchased offline as well as online.

Additional Information:

  • Item Code: 512N314V01
  • Pay Mode Terms: Other

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LIC Jeevan Nidhi
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LIC Jeevan Nidhi

Rs 5,000 / YearGet Latest Price

Start Date / Month20 Years

LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

1.Benefits:

Benefit on Vesting: Provided the policy is in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.

The following options shall be available to the Life Assured for utilization of the benefit amount.

a) To purchase an immediate annuity
The Life Assured shall have a choice to commute the amount available on vesting to the extent allowed under Income Tax Act. The entire amount available on vesting or the balance amount after commutation, as the case may be, shall be utilized to purchase immediate annuity at the then prevailing annuity rates. Commutation shall only be allowed provided the balance amount is sufficient to purchase a minimum amount of annuity as per the provisions of section 4 of Insurance Act, 1938.

In case the total benefit amount is insufficient to purchase the minimum amount of annuity, then the said amount shall be paid as a lump sum to the Life assured.

The annuity shall only be purchased from Life Insurance Corporation of India.

or

b) To purchase a new Single Premium deferred pension product from Life Insurance Corporation of India
Under this option the entire proceeds available on vesting shall be utilized to purchase a single premium deferred pension product provided the policyholder satisfies the eligibility criteria for purchasing single premium deferred pension product.

The Life Assured will have to intimate his / her intention to go for a particular option available on the date of vesting atleast six months prior to the date of vesting.

» Death Benefit:
Death during first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee.

Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition, Simple Reversionary and Final Additional Bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee.
In any case, provided all due premiums have been paid, the total death benefit at any time shall not be less than 105% of the total premiums paid (excluding taxes, extra premium and rider premium, if any).
The amount of annuity will depend on the payable lump sum and the then prevailing immediate annuity rates.

» Guaranteed Additions: The policy provides for Guaranteed Additions @ Rs.50/- per thousand Basic Sum Assured for each completed year, for the first five years.

» Participation in profits: Provided the policy is in full force, depending upon the Corporation’s experience the policies shall participate in profits from 6th year onwards for a Simple Reversionary Bonus at such rate and on such terms as may be declared by the Corporation.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by way of death or on vesting, provided the policy has run for certain minimum term.

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