Saturday, 28 December 2013

Plan Your Retirement - 9884828728


Jeevan Tarang Special policy 9884828728


LIC Profile

Call 9884828728 to take policy now - Jeevan Anand


Lic Policies closes on 31st December 2013 - 9884828728


After Dec 31st All policies with Service Tax and some policies may be available
Use this last chance to get insured with old policies
Just call 9884828728 for more details





Sunday, 22 December 2013

LIC just pay 1000 per month to get 10 Lakhs cover with whole life cover (5 Lakhs)

JUST PAY 1000 PER MONTH TO GET 10 LAKHS RISK COVER with whole life cover (5 Lakhs) and also Good Final Amount and also loan available after 3 years. call 9884828728 for details before 31st December 2013 (Assume Age - 33)


LIC BEST PLAN - JEEVAN ANAND
for chennai customers.


Thursday, 7 November 2013

Lic policy details



Jeevan Anand Policy from Lic of India




Product summary:This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Premium:
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till earlier death.

Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.

Benefits:

Benefits in case of death during the selected term:
The Sum Assured along with the vested bonuses is payable on death in a lump sum.

Benefits in case of survival to the end of selected term:
The Sum Assured along with the vested bonuses is payable in a lump sum on survival to the end of the term. An additional Sum Assured is payable on death thereafter.

Accident Benefit:
An additional Sum Assured (subject to a limit of Rs.5 lakh) is payable in a lump sum on death due to accident up to age 70 of life assured. In case of permanent disability of the life assured due to accident this additional Sum assured is payable in instalments.

Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra protection/option.  An additional premium is required to be paid for these benefits.

Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender values are available on the plan on earlier termination of the contract.

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more.  The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. Any extra premium(s) paid and premium(s) towards Accident Benefit are also excluded.

Corporation’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.

The Corporation’s surrender value will be reviewed from time to time and may change depending on the economic environment, our experience and other factors.

Note: The above is the product summary giving the key features of the plan.  This is for illustrative purpose only.  This does not represent a contract and for details please refer to your policy document.


Statutory Warning:
“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.”

Illustration 1
Age at entry: 35 years
Sum Assured: Rs.1,00,000/-
Premium Paying term: 25 years
Mode of premium payment: Yearly
Annual Premium: Rs. 4,535 /-
End of year
Total premiums paid till end of year
Benefit payable on death / maturity at the end of year
Guaranteed
*
Variable
Total
Scenario 1
Scenario 2
Scenario 1
Scenario 2
1
4,535
100000
1500
5100
101500
105100
2
9,070
100000
3000
10200
103000
110200
3
13,605
100000
4500
15300
104500
115300
4
18,140
100000
6000
20400
106000
120400
5
22,675
100000
7500
25500
107500
125500
6
27,210
100000
9000
30600
109000
130600
7
31,745
100000
10500
35700
110500
135700
8
36,280
100000
12000
40800
112000
140800
9
40,815
100000
13500
45900
113500
145900
10
45,350
100000
15000
51000
115000
151000
15
68,025
100000
22500
76500
122500
176500
20
90,700
100000
33000
113000
133000
213000
25
1,13,375
100000
41500
141000
141500
241000


























End of year
Total premiums paid till end of year
Benefit payable on death / maturity at the end of year
Guaranteed
*
Variable
Total
Scenario 1
Scenario 2
Scenario 1
Scenario 2
26
1,13,375
100000
41500
141000
141500
241000
27
1,13,375
100000**
-
-
100000**
100000**











 * In addition to the benefits given in the column, an Accident Benefit of Rs. 1,00,000 /- will also be available without payment of extra premium in case of death/disability due to accident

 ** Benefit payable on death after the selected term. If the death occurs due to accident up to age 70 an additional Rs. 1,00,000/- will also be paid.
(i) The above illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life.

(ii) The non-guaranteed benefits (1) and (2) in above illustration are calculated so that they are consistent with the Projected Investment Rate of Return assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In other words, in preparing this benefit illustration, it is assumed that the Projected Investment Rate of Return that LICI will be able to earn throughout the term of the policy will be 6% p.a. or 10% p.a., as the case may be. The Projected Investment Rate of Return is not guaranteed.

(iii) The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.

(iv) Future bonus will depend on future profits and as such is not guaranteed. However, once bonus is declared in any year and added to the policy, the bonus so added is guaranteed.