LIC Whole Life Without Profit Plan

 Plan Highlights:

Under the Whole Life Policy premiums are payable throughout the life time of the life assured and, as such
this is the cheapest form of policy.
If payment of premiums ceases after at least three years premiums have been paid, a free paid-up policy for
such reduced sum as can be allowed according to the rules will be automatically secured provided the
reduced sum assured, exclusive of any attached bonus, is nott less than Rs. 250/-.
Such reduced paid-up policy will not be entitled to participate in the profits declared thereafter, but such
bonus as has already been declared on the policy, will remain attached therto.

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LIC Jeevan Surabhi Plan No 107 for 20 Years

LIC Jeevan Surabhi Plan No 107 for 20 Years:

Features
The difference between the other money back plans and this plan is as follows:
Maturity term is more than premium paying term.
Early and higher rate of survival benefit payment.
Risk cover increases every five years.

Premium Ceasing Age : 70 Premium Ceasing Term : 15
Special Features
Longer policy terms and limited premium paying term – This plan has a policy term of 20 years
and premium paying term of 15 years.
Full sum assured is paid back as survival benefit by the end of premium paying term. However,
the risk cover and additional risk cover continue and the policy participates in profits until
the end of policy term.
Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5.00
lakhs on a single life.
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
At end of 4 years , 8 years , 12 years & 15 years 25% of Sum Assured
At end of 20 years on Maturity, the policyholder will receive the vested bonus(if any).
Death Benefits:
If death occurs at anytime during the term of a policy (provided the policy has been kept in
force by payment of all premiums that had fallen due), the basic sum assured along with the
vested bonus will be paid. The survival benefits already paid, if any, will not be deducted from
this claim amount. An additional amount (depending on the duration of the policy) will also be
paid on death under such a policy. The additional amounts payable, at various stages are
shown in the table given below.
Additional Amount Paid In Case Of Death For A Policy Of Rs.1000
First 5 (Policy Years) ———- Nil
6th-10th (Policy Year) ——— 500
11th-15th (Policy Year) ——– 1000
16th-20th (Policy Year) ——– 1500
Suitable for:
This plan holds special interest to people who besides wishing to provide for their old age and
family feel the need for lump sum benefits at periodical intervals.

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LIC 25 Years Money Back Plan

LIC’s New 25 Years Money Back Policy Table No 93.

Features
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the
end of the endowment period, this scheme provides for periodic payments of partial survival
benefits as follows during the term of the policy, of course so long as the policy holder is alive.

Plan Highlights

Premium Ceasing Age : 70 Premium Ceasing Term : 0

Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
i) At end of 5 years , 10 years , 15 years & 20 years 15% of Sum Assured
ii) At end of 25 years 40% of Sum Assured and
On Maturity, the policyholder will receive the balance sum assured as given above plus the
vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
Suitable For:
This plan holds special interest to people who besides wishing to provide for their old age and
family feel the need for lump sum benefits at periodical intervals.
This plan meets with periodical needs although loans are not granted under this policy. A
terminal bonus is granted though.
The basic bonus under this plan is slightly lower than the rate applicable to endowment
assurances.

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