Life Insurance of India has new Aastha “Jeevan Aastha”

Life Insurance of India (LIC) has introduced a new single premium plan called “Jeevan Aastha” today.  This plan is open only for 45 days. I would suggest this plan for those who prefer Bank Fixed Deposit (FD).  Jeevan Aastha is as good as Bank deposit plus Insurance. You need to pay only a ONE-time premium.
Jeevan Aastha ( Plan No. 195)

Features and details:

1. Availability: 08-12-2008 to 21-01-2009
2. One-time payment plan
3. Guaranteed Returns + Loyalty Additions.
4. High-Risk Cover
5. convenient Terms (5 Yrs and 10 Yrs)
6. Tax Rebate and Tax-Free maturity

Maturity Benefits:
Maturity Sum Assured along with Guaranteed Addition and Loyalty Addition, if any, Shall be payable. ( Maturity Sum Assured shall be 1/6th of Basic Sum Assured)

Death Benefit:
During the first policy year: Basic Sum Assured with Guaranteed Addition
After 1st policy year excluding last policy year: 1/3rd of Basic Sum Assured with Guaranteed Addition
During last policy year: 1/3rd of the S.A. Guaranteed Addition and Loyalty Addition, if any.

Guaranteed Addition:
Rs. 100 per thousand of Maturity Sum Assured per year for a policy of 10 years term.
Rs. 90 per thousand of Maturity Sum Assured per year for a policy of 5 years term.

Eligibility Conditions and Restrictions:
a:) Minimum Entry Age: 13 Years completed
b:) Maximum Entry Age: 60 Years ( Nearest birthday)
c:) Minimum Basic Sum Assured: Rs. 1,50,000/-
d:) Maximum Basic Sum Assured: No Limit
j:) Large Sum Assured Rebate: Available
e:) Policy Term: 5 or 10 years
f:) Mode of premium payment: Single Premium
g:) Loans: Available after 1 year
h:) Backdating interest: Allowed @ rate of 10% (for dating back in excess of one month)

Large Sum Assured Rebate: Calculated on per thousand basis.

Basic Sum AssuredRebate
Term – 5 yearsTerm – 10 years
Below Rs.3,00,000NilNil
Rs.3,00,000 to Rs.5,99,999Rs. 2.00Rs. 3.00
Rs.6,00,000 to Rs.11,99,999Rs. 2.50Rs. 3.50
Rs 12,00,000 and aboveRs. 3.00Rs.4.00

Example Single Premium rates per Rs.1000 Basic SA Table Below:

Age at entryPolicy Term 5 yearsPolicy Term 10 years
20174.50165.00
30174.70165.40
40176.10167.95
50180.85175.90

Update: Plan No.195 has been Discontinued.

137 thoughts on “Life Insurance of India has new Aastha “Jeevan Aastha””

  1. sir
    i would like to know that my policy of jeevan aastha for 5 yrs at the amount of rs 26000 lum sum is going to be matured in the mnth of of january 2014

    i want to konw that how much lum sum amount may i get on matured date

  2. I was taken jeevan astha policy for Rs 36,600/- in 2009, it will complete its 5 years in 2014 but i want to withdraw my whole amount till feb’2013, how much i will get in hand. please suggess

  3. i had invested Rs.26235 in jeevan aastha for 5year can you please know how much return i will get maturity (if i withdraw the plan now)

  4. Dear Sir

    i had invested Rs. 52650.00 in jeevan aastha for 10 yrs.
    can you please let me know how much return i will get at maturity.age of the life assured:52 years

  5. Dear Sir

    i had invested Rs. 51870 & Rs. 26212 in jeeven ashtha for 5 yrs.
    can you please let me know how much return i will get at maturity.

    vikas

  6. I have invested Rs. 50,000/- single premium on dated 16 Dec 2008. against (Table & Term 195) Now this will matured 16 Dec 2013. How Much Amount I will get at the time of maturity.

    An early reply is requested

    Thanks

    PV Bidwaikar

  7. IF i invest 25000 per month for 5 years 1500000 lakhs how much returns will come after 5 years any lic policy is there

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