LIC Marriage/ Education Annuity

LIC  Marraige/Educational Annuity Plan Table No 90.

Premium Ceasing Age : 70 Premium Ceasing Term : 0

Plan Highlights

Features

The Marriage Endowment/ Educational annuity plan provides a sum assured to be kept aside for the expenses of marriage or higher education of the policyholder’s children. Premiums under this plan are payable for a selected term or till death of the life Assured. Benefits will be given only after the selected term.

Special Features

With the help of this policy one can earmark money exclusively for marriage or higher education of his children. Under this plan the policy monies and bonus are paid only at the end of the selected term, irrespective of whether the policy holder survives till the term or not, i.e. the survival or death benefit is payable at the same time. Unlike in the case of other endowment policies, the policy benefits in the case of Marriage Endowment / Student Educational Annuity Plan are not released to the policy holder’s family in case of his premature death, but retained by LIC and released only at the end of the originally selected term. In case the policy holder were to die during the term of the policy, no further premiums are payable but the bonus continues to accrue for the full-term of the policy. The sum assured, plus the accumulated bonus for the full term, are then paid to the family at the end of the policy’s term. Further, one can opt to receive the money either in one lump sum, or in ten half-yearly instalments, the former may be suitable if the policy is bought essentially for the purpose of a child marriage and the latter if it is a provision for higher education. In case, the Double Accident Benefit is availed, then an additional sum equal to the basic Sum Assured becomes payable immediately on death due to accident during the policy term.

Benefits

Survival Benefits:

Sum Assured + Lumpsum Bonus Or Maturity Amount in 10 half-yearly instalments.

Death Benefits:

Sum Assured + Lumpsum Bonus.

Natural:

Payment of future premiums cease immediately. The policy money i.e. Sum assured + Bonus + Final additional bonus becomes payable on the date previously selected, if eligible.

Accidental:

Payment of future premiums ceases immediately. An amount equivalent to Sum Assured paid immediately. The policy money i.e. Sum assured + Bonus + Final additional bonus, if eligible becomes payable on the maturity date.

ICICI Home Finance

ICICI Home Finance Company Limted shall, at its discreation, accept Fixed Deposits of Rs.10,000/- and above under the ICICI Home Finance Fixed Deposit Scheme subject to following terms and conditions for Individuals, Trust Depsoits, Senior Citizens Deposit Schemes Plan as mention below.

Tax Deduction at source: No Tax deduction at source on interest paid/ credited upto Rs. 5,000/- in a Financial Year.

Loan Facility: Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount, subject to the other terms and conditions framed by ICICI Home Finance from time to time. Interest on such loans will be 2% above the depsoit rate.

In Case of any querry on  Latest Interest Rates on ICICI Home Finance Limited Company Deposits  or to invest money Ask our Authorised Agent before Investing Money & See the last updated time stamp.

CEAT Limited

Ceat Limited is Manuffaturer of Automotive Tyres and Tubes in the factories Since 10th March 1958.

Highlights

• An additional interest @0.50% p.a. will be paid on Deposits where Sale Depositor/ Sole Depositor/ Shareholder/Employee of the company is elligible for this benefits
• Deposits will accepted at Mumbai only according to the terms and conditions as conditions are contained in Application Form.
• Additional Amount in Multiples of Rs. 1000/- will be accepted.
• Bank Charges for payment made by demand draft will be born by the company.
• Unique nomination facility available.
• Premature withdrwal permissible as per statutory guidelines.
• Income Tax will not be deducted upto interest amount of Rs. 5000/- in a Financial Year, subject to change in the application Tax Laws.
• Single deposits of Rs. One lakh and above will be accepted by special terms to be agreed upon between Depositor and the Company subject to Companies (Acceptance of Deposits) Rules, 1975.
• The Company Shall be entitled, at its sole direction and without assigning any reason, to repay the amount of deposit at any time after the expiration of 6 months from the date of acceptance of the deposit but before the expiry of the period for which such a deposit was accepted by the Company but in such case the Company shall pay to the depositor interest in accordance with the Companies (Acceptance of Deposits) Rules, 1975 for the time being in force.

Scheme A- Non Cumulative Interest Scheme

Interest compound quarterly and payable half yearly.

Scheme B-  Cumulative Interest Scheme

Interest compound quarterly and payable on Maturity. 

All Communication with regards to Fixed Deposits of Ceat Limited should be addressed to the Registars to the Fixed Deposit Scheme, at the following address.