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LIC Jeevan Akshay-VI

LIC Jeevan Akshay-VI Policy:

It is an immediate annuity plan.It can be purchased buy paying lump sum amount. Plan provides fixed annuity till the maturity. Various options are available for annuity.

Key Features:
This is an immediate annuity plan. Annuity is paid life time at fixed rate or as specified below.  Death benefit: on death of the insured, assured sum is payable to the nominee or annuity of nominee starts. Accidental death and other riders can be added at nominal top up. Plan is tax exempted under 80(C) and 10(D). Policy benefits: fixed annuity. Death Benefits as below: payable to the nominee the sum assured.Accidental death and disability benefit:No rider can be availed.Tax benefit:Premium is exempted from tax under 80(C)Sum assured is exempted from tax under 10(D) Options of annuity: Annuity payable for life at a uniform rate.Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.Annuity for life with return of purchase price on dea…

LIC Amulya Jeevan 2 plan

LIC Amulya Jeevan 2 Policy:

It is Pure term policy. It provides coverage up to maturity at a reasonably low price. Its a without profit traditional plan.

Key Features:
This is a term plan.It provides insurance cover up to 35 years from date of commencement. Death benefit: At the time of death of the insured, nominee gets sum assured.  On survival till maturity, nothing is to be paid.  Accidental death, term and other riders can be added at nominal top up. Plan is tax exempted under 80(C) and 10(D).
Policy benefits:.  Death Benefits as below: payable to the nominee, Sum assured on death.Maturity benefit:NoneAccidental death and disability benefit:No rider can be taken with this policy. Tax benefit:Premium is exempted from tax under 80(C)Maturity and sum assured is exempted from tax under 10(D) To know more about the policy and any other details regarding LIC, mail us at tinytopic@gmail.com

LIC Jeevan Labh

LIC Jeevan Labh Policy:

It is limited premium paying, non-linked, with-profits endowment policy. It offers protection and savings.

Key Features:
This is a limited premium paying policy.It provides insurance cover up maturity. After premium paying terms over, the survivor gets sum assured + simple reversionary bonus + final additional bonus. Death benefit: At the time of death of the insured, nominee gets sum assured + accrued bonus.  On survival till maturity, maturity benefits are paid.  Accidental death, term and other riders can be added at nominal top up. Plan is tax exempted under 80(C) and 10(D).
Policy benefits: Simple Reversionary bonus as declared by LIC. Death Benefits as below: payable to the nominee. Sum assured on death is defined as higher of 10 x Annualized premiumBasic sum assured is paid to the nominee. This death benefit shall not be less than 105% of all the premiums paid as on date of deathMaturity benefit:Basic sum assured amount + accrued bonus + final additional b…

LIC Jeevan Umang

LIC Jeevan Umang Policy:

It is an annuity + full life cover policy. It provides coverage after maturity till the death of insured. It is combination of annuity and protection.

Key Features:
This is a whole life plan.It provides insurance cover up to 100 years. After premium paying terms over, the survivor gets annuity at 8% of sum assured till 100 years or death of the insured. Death benefit: At the time of death of the insured, nominee gets sum assured + accrued bonus.  On survival till maturity, benefits are paid.  Accidental death, term and other riders can be added at nominal top up. Plan is tax exempted under 80(C) and 10(D).

Policy benefits: Simple Reversionary bonus as declared by LIC. Death Benefits as below: payable to the nominee. Sum assured on death is defined as higher of Sum assured on maturity10 x Annualized premiumBasic sum assured is paid to the nominee. This death benefit shall not be less than 105% of all the premiums paid as on date of deathMaturity benefit:Basic sum…

LIC New Jeevan Anand Policy

LIC New Jeevan Anand Policy:

It is an endowment + full life cover policy. It provides coverage after maturity till the death of insured.

Key Features:
This is a whole life endowment plan. On survival till maturity, benefits are paid and insurance continues till the death of the insured. Death benefit: on death of the insured, assured sum is payable to the nominee. Accidental death and other riders can be added at nominal top up. Plan is tax exempted under 80(C) and 10(D).
Policy benefits: Simple Reversionary bonus as declared by LIC. Death Benefits as below: payable to the nominee. Sum assured on death is defined as higher of 125% of the Basic Sum Assured as per policy terms10 x Annualized premiumMinimum of 105% of total payment is payable to the nomineeThe basic sum assured is paid to the nominee. Maturity benefit:Basic sum assured amount + accrued bonusAccidental death and disability benefit:Rider can be bought with the policy at nominal top up. on accidental death, the nominee gets e…