LIC’s Endowment Plus is a unit linked endowment plan. The features of the plan are mentioned below:

Premium Ceasing Age : 70 Premium Ceasing Term : 20

•  Double benefits of Insurance and Investment.
• Funds available under this plan are -Bond, Secured, Balanced and Growth fund.
• A policyholder can partially withdraw the units at any time after five policy years.
• Loan can be availed after completion of 3 policy years.
• Policy can be surrendered after completion of 5 years with no surrender charge.
• Premiums can be paid in yearly, half-yearly, quarterly and in monthly (ECS) installment OR in single

installment.

• Policyholder can switch between any fund types during the policy term. 4 switches will be

allowed free in a policy year.

• Policyholder has a option to enhance the risk cover by choosing the Double Accident benefit

rider and the Critical Illness Rider.

• On death of the policyholder, the nominee will be eligible to get higher of Sum assured (minus

partial withdrawal if any done during last two years) or the Fund value of units.

• In case of maturity the policyholder will get amount equal to the Fund value of the units.
• Enjoy tax benefit under section 80CCE.

LIC of India   LIC Pension Plus   LIC Endowment Plus   Health Protection Plus

Premium Ceasing Age : 75 Premium Ceasing Term : 0

Plan Highlights
Features
LIC’s Jeevan Anand  Policy/ Plan Table no 149 is a With Profit assurance plan. The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. Jeevan Anand Policy provides pre-decided Sum Assured and bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.
Special Features
• Moderate Premiums
• High bonus
• High liquidity
• Savings oriented.
Jeevan Anand Plan Premiums are usually payable for the selected term of years or until death if it occurs during the term period. This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
Benefits :-
Survival Benefits:
Sum Assured along with all vested bonuses payable at the end of the premium paying term ( Endowment term).
Accident Benefit:
The Double Accident benefit is available during the premium paying term and thereafter up to age 70. The premium for this has been built into the tabular premium rates. Maximum accident cover available under this plan will be Rs. 5 lakh (this limit excludes accident benefit taken under other plans).
Premium Stoppage:
If payment of premiums ceases after at least three years’ premiums have been paid , a free paid-up policy for a reduced Sum Assured will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs. 250/-. The reduced sum assured will become payable on the event as stipulated in the policy.
Bonus:
If it is a With Profits Policy note that every year the LIC distributes its surplus among policyholder to with profits polices in the form of bonuses. Substantial bonuses have been declared in the past after each valuation of policy liabilities.
Death Benefits:
Sum Assured along with vested bonuses are payable on death during the premium paying term and when policy ceases. An amount equal to the Sum Assured is payable if death occurs after the premium paying term.
Simple Reversionary Bonus accrues during the premium paying term and is payable at the end of the premium paying term or on earlier death along with final additional bonus, if any. No Bonus is paid on death after the premium paying term.
Suitable for
Being an endowment assurance + whole life policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholders life or in any other way he may think most suitable at that time.

Read here for Example/ Illustrations on LIC’s Jeevan Anand Click here. 

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Premium Ceasing Age : 70 Premium Ceasing Term : 0

Plan Highlights
Features
•LIC’s Jana Raksha Provides full LIC life insurance cover for 3 years even when the premiums are not paid. (This benefit is available after at least 2 years premiums are paid).
• Non-medical General allowed up to Rs.25,000/- with declaration of age up to 40 without any extra premium.
• Non-medical Special is allowed up to a limit of Rs.50,000/-
• Accident benefit available without payment of any extra premium.
Special Features
The non-medical limit is exclusive to this policy. Double Accident benefit and Bonus is also granted. A special feature of the New Jana Raksha Policy is that it continues to provide full life insurance cover to the assured for three years, even when the premium payments are stopped due to certain reasons, provided that at least 2 years premiums have been received.
Benefits
Survival Benefits:
Payment of Sum Assured plus accrued bonus.
Death Benefits:
Natural Death : Payment of Sum Assured plus accrued bonus.
Accident I Permanent Disability : Payment of double the Sum Assured plus accrued bonuses on the Sum Assured as defined on the policy document.
Income-tax rebate:
Under Section 88 of the IT on premiums paid.
100% income-tax free:
Permanent disability, Maturity and Death Claims.
Suitable for:
Ideal for farmers and workers, since farmers have to depend on the vagaries of the climate while workers are subject to changes in trade cycles, depressions, strikes, labour disputes, etc.

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Premium Ceasing Age : 75 Premium Ceasing Term : 0

Plan Highlights
LIC’s New Jeevanshree 1 Plan Product .Key Man Insurance. Here’s an exclusive policy for people with an exclusive lifestyle. Whether you’re a professional, industrialist, estate owner, NRI, film star, a keyman in an enterprise or an individual successful in your own area of work. This is a policy that offers insurance protection match your profile.
Life insurance cover continues for a longer term even after premium paying term.
Apart from the basic Sum Assured payable at maturity or death, the policy also provides for a
guaranteed addition at the rate of Rs.50/- per thousand Sum Assured per year for first 5
years and reversionary bonus thereafter.
This is an Endowment (limited payment) plan with Guaranteed Addition and with wide options to select premium paying terms as follows
Policy Term (in yrs) Premium paying term(in yrs)
5 1,2or3
10 1, 2, 3,4or6
15 1, 2, 3, 4, 6, 8 or 10
20 1, 2, 3, 4, 6, 8, 10 or 12
25 1, 2, 3, 4, 6, 8, 10, 12 or 16
Benefits
Maturity Benefits:
Payment of basic Sum Assured together with accrued Guaranteed Additions and accrued bonuses, if any will be paid to the policyholder on surviving the term of the policy provided thE policy is in full force for full sum assured.
Death Benefit:
On death of the Life Assured during the term of the policy the basic Sum Assured along with accrued Guaranteed Additions and accrued bonuses, if any, will be paid, provided the policy is in full force for full sum assured.
Guaranteed Additions:
Guaranteed Additions Bonus @ Rs. 50 % 0 Sum Assured for each completed year, for the first five years.
Participation in profits:
From the 6th year onwards policyholder shall be entitled to receive bonuses declared as per the experience of the Corporation.
Free Disability Benefit:
In case of total and permanent disability arising due to accident within 180 days of the accident, disability benefit will be available under the plan upto an assurance of maximum Rs. 20000 under all the policies taken together. The payment of future premiums upto an assurance of Rs. 20000 would also be waived in such cases,. (All conditions applying to disability due to accident shall apply to this benefit)
Grace Period:
30 days for premium payment
15-days Cooling-off period:
If not satisfied, return of policy permissible within 15 days.
Revival:
The policyholder can revive his lapsed policy within a period of 5 years from the date of first unpaid premium by paying arrears of premium together with interest to be decided by corporation from time to time subject to satisfactory evidence of health. The present rate of interest is 9% p.a. Payable half yearly.
Paid-up value:
The policy will acquire paid-up value after at least one full year’s premium has been paid wherever the premium paying term is 10 years or less. For premium paying terms of more than 10 years the policy will acquire paid-up value after 2 full years premiums have been paid Guaranteed Surrender Value (GSV):
This policy can be surrendered for cash after completion of three policy years. The Guaranteed Surrender Value in case of single premium policy will be 90% of the premium paid excluding all extra premiums, premium for the term assurance option and accident benefit premium, if any. The Guaranteed Surrender Value allowable under the policy (other than single premium) will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and the extra premiums for the Term Assurance Option and Accident Benefit, if any. The cash value of any existing vested Guaranteed Additions and vested bonuses, if any, will also be allowed.
Term Assurance Rider:
Term Assurance as optional rider will be available under this plan. Premiums for this option are payable during the Premium Paying Term and an amount equal to the Term Assurance Sum Assured will be payable on death during the Policy term. The premium rates for this option will be payable separately.
Accidental Death & Disability Benefit:
Accident benefit will be available under the plan upto a maximum of Rs.25 lakhs (inclusive of all other life insurance plan) subject to payment of additional premium. An additional amount equal to the accident benefit sum assured is payable on death. In case of total and permanent disability arising due to accident (within 180 days) this amount is paid over a period of 10 years in monthly installment.
The disability due to accident should be total and such that person is unable to carry out any work to earn the living. Following disabilities due to accident are covered —
a) Irrevocable loss of the entire sight of both eyes or
b) amputation of both hand at or above the wrists or
c) amputation of both feet at or above ankles or
d) amputation of one hand at or above the wrist and one foot at or above the ankle. No benefit will be paid in case of accidental death or disability due to accident in case of a) Intentional self-injury, attempted suicide, insanity, or immorality or the life assured is under the influence of intoxicating liquor, drugs or narcotics
b) Engagement in aviation or aeronautics other than that of a passenger in any aircraft c) Injuries resulting from riots, civil commotion, rebellion, war, invasion, hunting, mountaineering, steeple chasing or racing of any kind
d) Accident resulted from committing any breach of law
e) Accident arising from employment in armed forces or military services or police organisation.

Age Proof:
Only standard age proof will be accepted under this plan.
Rebate – For Mode of Premium Payment:
Yearly … 2% of tabular premium
Half-Yearly … 1% of tabular premium
Quarterly … Nil
Sum Assured Rebate:
Rs.50 lacs and above Rs.0.50 per thousand
In case of regular Premium Rs.2 per thousand
Sum Assured rebate at this level will also be allowed under Single Premium.
Loan:
Loan is permissible subject to usual terms and conditions. However, the rate of interest would be determined from time to time. The rate to start with will be 1O.5% p.a. payable half yearly.
Eligibility conditions and other restrictions
For the Main PlanTerm Assurance Option
a) Mm. Age at entry – 18 yrs. completed 18 yrs. completed
b) Max. Age at entry – 65 yrs.(age nearer birthday) 50 yrs.(age nearer birthday)
c) Max. Maturity Age – 75 yrs.(age nearer birthday) 60 yrs.(age nearer birthday)
d) Policy Term – Min.5 yrs. and max.25 yrs.
e) Sum Assured – Mi Rs.5 lacs. Thereafter
in multiples of Rs. 1 lakh. Mm. Sum Assured – Rs.1,00,000
Max. Sum Assured – An amount up to the basic Sum Assured for Term Assurance subject to a maximum of Rs.25 lakh overall Option limit, under all policies of the life assured.
Exclusion:
Suicide : This policy shall be void if the Life Assured commits suicide at anytime on or after the date on which the risk on the policy has commenced but before the expiry of one year
from the date of the policy. In case of death due to suicide during this period, the Corporation will not entertain any claim by virtue of this policy except to the extent of a third party’s bona fide beneficial interest acquired in the policy for valuable consideration of which notice has
been given in writing to the office to which premiums under this policy were paid, at least one calendar month prior to death.

Suitable for : High Profile Advocates, Doctors, Builders, Contractors, Business Man, Working Women, CEO, Principal, Manager, Company Secretory, Politicians etc.

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Contact us for free quotes illustrations/ presentations/ examples/ reviews/ calculations Premium Chart on LIC’s New Jeevan Shree 1 Life Insurance policy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant from Ahmedabad will Contact you within 24 hrs for LIC’s Jeevan Shree High Returns Plan.

Premium Ceasing Age : 70 Premium Ceasing Term : 0

Premium Ceasing Age : 70 Premium Ceasing Term : 0
Plan Highlights
Features
LIC’s Jeevan Mitra Tripple Cover Life Insurance Plan Policy benefits of this policy can be considered only for standard and substandard lives Class I and II. It cannot be allowed for people engaged in hazardous occupations. Individuals engaged in dangerous pursuits will be rated against the revised tabular occupational extra rates.
Special Features
This policy covers the risk for triple the sum assured.
Besides the usual benefits offered by any endowment insurance plan, this policy provides for an additional insurance cover two times the sum assured in the event of a policy holder’s death during the term of the policy. In other words, the death claim in the case of this policy is thrice the basic sum assured.
Benefits
Survival Benefits:
Basic Sum assured along with vested bonuses will be payable on the life assured surviving till the end of the term.
Bonus additions will be reckoned on the basic sum assured at rates applicable to endowment assurance and will be payable at the end of the selected term or at death if it occurs earlier. Accident Benefit equivalent to the basic sum assured would also be available as pre existing rules. This would however, be subject to overall limit of Rs.5,00,000 in the aggregate including existing policies and also the payment of appropriate additional premiums in that behalf at the existing rate.
Death Benefits:
Three times the basic sum assured together with vested bonuses if any, will be payable on death of the life assured during the term of assurance.
Suitable for:
Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder’s life or in any other way he may think most suitable at that time.

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Premium Ceasing Age : 75 Premium Ceasing Term : 0

• Features Moderate Premiums
• High bonus
• High Liquidity
• Savings Oriented.

LIC’s Endowment Life Insurance policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are payable for the selected term of years or until death if it occurs during the term period.
Special Features
Disability Benefit:
In case the individual becomes totally and permanently disabled due to an accident before
attaining age 70 when the policy is in force, he will not have to pay further premiums, (the
Disability Benefit is available in respect of the first Rs.20,000 sum assured on any one life) and your policy will continue to be in force.
Accident Benefit:
By paying a small extra premium of Rs.1 per Rs.1000/- sum assured per year the individual or
his family is entitled to the following benefits on death or permanent disability caused by
accident. Students above 18 yeas of age can also avail of this benefit.
Premium Stoppage:
If the policyholder is unable to continue payment of premium at any time, after haivng paid at
least three years’ premiums he will not lose the money he has already contributed and the
policy is converted automatically into a paid-up one of a reduced sum assured, provided the
reduced sum assured exclusive of any allotted bonuses is not less than Rs.250/- under a policy for an original sum assured of Rs.1000/- or over. The sum assured under the paid up policy is payable on the expiry of the endowment term or on earlier death.
Bonus:
Is there anything extra payable besides the sum assured at the time of claim settlement? Yes, but only if it is a ‘with profits’ policy. Every year the Life Insurance Corporation distributes its profits among policyholders having ‘with profits’ polices in the form of bonuses. Substantial bonuses have been declared in the past after each valuation of policy liabilities.

Benefits
Survival Benefits:
Payment of full Sum Assured plus bonus plus final additional bonus.
Death Benefits:
Payment of full Sum Assured plus accrued bonus.
Suitable for:
Being an endowment assurance policy, this plan is apt for people of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder’s life or in any other way he may think most suitable at that time.

Contact us for free quotes on LIC’s New Endowment Life Insurance Policy. Our LIC of India’s Authorised Agent/ Insurance Advisor will Contact you within 24 hrs. Compare your Premium Rates with others online. See the Reviews, Plan Presentations, Charts Premium Rates, various options & combinations in LIC Endowment Plans Insurance Policy.

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Ask to our Authorised Experts Insurance Consultant/ Agent for Detail Charts/ Presentations/ Examples/ Illustrations Various kind of options availble in this Plan how much money you will get on maturity. Write your Reviews or compare with any other private insurance company online here.

• The Endowment Assurance Policy
• The Endowment Assurance Policy-Limited Payment
• Jeevan Mitra(Double Cover Endowment Plan)
• Jeevan Mitra(Triple Cover Endowment Plan)
• Jeevan Anand
• New Janaraksha Plan
• Jeevan Amrit
• Jeevan Shree-1

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