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LIC s Bima Diamond

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Life insurance in India made its debut well over 100 years ago.
In our country, which is one of the most populated in the world, the prominence of insurance is not as widely understood, as it ought to be. What follows is an attempt to acquaint readers with some of the concepts of life insurance, with special reference to LIC. It should, however, be clearly understood that the following content is by no means an exhaustive description of the terms and conditions of an LIC policy or its benefits or privileges.
For more details, please contact our branch or divisional office. Any LIC Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing.
What Is Life Insurance? Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
The contract is valid for payment of the insured amount during:
» The date of maturity, or
» Specified dates at periodic intervals, or
» Unfortunate death, if it occurs earlier.
Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner.
By and large, life insurance is civilisation's partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:
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LIC s Bima Diamond
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LIC s Bima Diamond

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 non-linked, with-profit, limited premium payment money back life insurance plan)

LIC’s Bima Diamond plan offers a combination of protection and savings. In case of unfortunate death of the policyholder, this plan provides financial support for the family not only during the policy term but also beyond the policy term during the Extended Cover Period (equal to half of the policy term and beginning from the date of maturity). Periodic payments shall also be made on survival of the policyholder at specified durations during the policy term. 

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

 

It is a close ended plan which shall be available for sale upto 31st August, 2017, coinciding with the Diamond Jubilee Year of the Corporation.

1. Benefits:

a) Death Benefit (applicable for policies where all the due premiums have been paid):
 : 
i. In case of death of the life assured before the date of maturity:.

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Aam Aadmi Bima Yojna
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Aam Aadmi Bima Yojna

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Ministry of Finance, Government of India has approved the merger of Social Security Schemes viz., Aam Admi Bima Yojana (AABY) and Janashree Bima Yojana (JBY).

The merged scheme is renamed "Aam Admi Bima Yojana" and has come into effect from 01.01.2013.

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E Term Insurance Plans

E Term Insurance Plans

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Insurance Plans
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Insurance Plans

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As individuals it is inherent to differ. Each individual's insurance needs and requirements are
different from that of the others. LIC's Insurance Plans are policies that talk to you
individually and give you the most suitable options that can fit your requirement.

Endowment Plan
» Lic's Jeevan Pragati
» Lic's Jeevan Labh
» Lic's Single Premium Endowment Plan
» Lic's New Endowment Plan
» Lic's New Jeevan Anand
» LIC's Jeevan Rakshak
» LIC's Limited Premium Endowment Plan
» LIC's Jeevan Lakshya
»Money Back Plans
» LIC's Bima Diamond
» LIC's NEW MONEY BACK PLAN - 20 YEARS
» LIC's NEW MONEY BACK PLAN - 25 YEARS
» LIC's NEW BIMA BACHAT
» LIC's NEW CHILDREN'S MONEY BACK PLAN
» LIC's Jeevan Tarun
Term Assurance Plans
» LIC's Anmol Jeevan II
» LIC's Amulya Jeevan II
 LIC's e-Term  -  Sales Brochure attached file is in PDF Document Format
» LIC's NEW TERM ASSURANCE RIDER - (UIN: 512B210V01)
 RIDER
» LIC’s New Critical Illness Benefit Rider

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Micro Insurance Plans
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LIC’s Micro Insurance Plans are not plans but opportunities that knock on your door once in a lifetime. These plans are a perfect blend of insurance, investment and a lifetime of happiness!.

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Withdrawn Plans
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»Profit Plus
    »Jeevan Nischay
    »Wealth Plus
    »Jeevan Aastha
    »Money Plus-I
    »Jeevan Varsha
    »Child Fortune Plus
    »Fortune Plus
    »Jeevan Saathi Plus
    »Health Plus  attached file is in PDF Document Format
    »Samridhi Plus
    » Pension Plus
    »Jeevan Nidhi
    »New Jeevan Dhara-I
    »LIC New Jeevan Suraksha-I
    »Jeevan Vriddhi
    »LIC Jeevan Vaibhav (Single Premium Endowment Assurance Plan)
    »Jeevan Sugam
    »Two Year Temporary Assurance Policy
    »lic Mortgage Redemption
    »Flexi Plus
    »CDA Endowment Vesting At 21
    »CDA Endowment Vesting At 18
    »The Whole Life Policy- Limited Payment
    »Health Protection Plus
    »Jeevan Arogya
    »Bima Account 1
    »The Whole Life Policy
    »Bima Account 2
    »Jeevan Pramukh
    »Jeevan Mitra(Double Cover Endowment Plan)
    »Anmol Jeevan-I
    »New Jeevan Nidhi
    »Jeevan Amrit
    »Jeevan Surabhi-25 Years
    »Jeevan Chhaya
    »VARISHTHA PENSION BIMA YOJANA (UIN:512G291V01)

    »Market Plus I
    »Jeevan Bharthi-I
    »Jeevan Surabhi-20 Years
    »The Money Back Policy-25 Years
    »Jeevan Mitra(Triple Cover Endowment Plan)
    »Jeevan Surabhi-15 Years
    »The Whole Life Policy- Single Premium
    »Jeevan Anurag
    »Komal Jeevan
    »Child Career Plan
    »Child Future Plan
    »Jeevan Kishore
    »Jeevan Chhaya
    »Marriage Endowment
    »Educational Annuity Plan
    »Jeevan Saathi
    »Jeevan Shree-I
    »Jeevan Ankur
    »The Endowment Assurance Policy - Limited Payment
    »New Janaraksha Plan
    »The Money Back Policy - 20 Years
    »Jeevan Tarang
    »The Endowment Assurance Policy
    »Jeevan Anand
    »Bima Bachat
    »Jeevan Aadhar
    »Jeevan Vishwas
    »Endowment Plus
    »New Bima Gold
    »Bima Nivesh 2005
    »Jeevan Saral
    »Jeevan Deep
    »Jeevan Mangal
    »Jeevan Madhur
    »Jeevan Mangal
    »Amulya Jeevan-I
    »LIC's Jeevan Shagun
    »Lic's Jeevan Shikhar

Group Schemes

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