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 a Bank deposit plus Insurance. You need to pay only a ONE-time premium.
Jeevan Aastha ( Plan No. 195)
LIC Jeevan Aastha – One Time Premium Policy with Guaranteed Return
In this turbulent market scenario, LIC is providing you an opportunity for safe, highly reasonable, and guaranteed return along with risk cover through a new plan, “JEEVAN AASTHA”, launched on 8th December 2008. The plan is for a limited period of 45 days and is available for ages between 13-60 years for 5 years and 10 years term, attractive features of Jeevan Aastha is highlighted below.
1. Investment Security: Ensures security of capital invested for 5/10 yrs.
2. No Limit On Investment Amount: Starts from Rs.25,000/-
3. Guaranteed Returns: 10 yrs 10% p.a. and 5 yrs 9% p.a. return
4. Maturity Benefit: Maturity sum Assured + Guaranteed Additions + Loyalty Additions
5. Easy Liquidity
6. Loan on Policy facility available
7. Live Cover available.
8. Tax Exemption on Entry and Tax-Free Maturity As per Rules.
We are sure you would like to invest your money in “JEEVAN AASTHA” for secure returns. We are just an email away. Or Just an SMS/call to give doorstep service.
Jeevan Aastha Features and details:
- Availability: 08-12-2008 to 21-01-2009
- One-time payment plan
- Guaranteed Returns + Loyalty Additions.
- High-Risk Cover
- Convenient Terms (5 Yrs and 10 Yrs)
- Tax Rebate and Tax-Free maturity
Maturity Benefits:
Maturity Sum Assured and 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 Assured | Rebate | |
| Term – 5 years | Term – 10 years | |
| Below Rs.3,00,000 | Nil | Nil |
| Rs.3,00,000 to Rs.5,99,999 | Rs. 2.00 | Rs. 3.00 |
| Rs.6,00,000 to Rs.11,99,999 | Rs. 2.50 | Rs. 3.50 |
| Rs 12,00,000 and above | Rs. 3.00 | Rs.4.00 |
Example Single Premium rates per Rs.1000 Basic SA Table Below:
| Age at entry | Policy Term 5 years | Policy Term 10 years |
| 20 | 174.50 | 165.00 |
| 30 | 174.70 | 165.40 |
| 40 | 176.10 | 167.95 |
| 50 | 180.85 | 175.90 |
LIC’s Jeevan Aastha is a new single premium plan that offers life insurance cover and returns that are as good as bank fixed deposits. The plan is open for 45 days, and I suggest it for those who prefer bank FDs. The one-time premium makes this an affordable option, and the returns are locked in so there’s no risk of loss.
Update: Plan No.195 has been Discontinued.
Hi, My son age is 3 yrs we want to invest 25000/- as a sinlge premium and we want the expected returns after 15 years, please advise any plan with detailed return values?
Let me know wther LIC has one time investment plan now
Yes, Market plus 1 and many.
Respected Sir,
Please tell me about only lic policies.
Q. 1. If i am invest Rs. 3 lakhs on my mother name for next 5 years, then tell me which plan in best that we can get more amount refund with safety our 3 lakhs rupees. (my mother age is 52 years)
Q. 2. If i am invest Rs. 50000/- for my little three years daughter names then how much amount i can get after 15 years.
Q. 3. If i am investment regular Rs. 5000/- P.A. then how much amount is refundable after 10 or 15 years me.
So, please reply answer about these all question on my mail id as soon as possible.
Thanks!
Jagdish Bishnoi
i bought jeevan aastha for 50000 rs on 28-12-2008 i want to know is this policy good or i have invested my money in wrong policy and minimum how much money i will get after 5 years
I have taken jeevan Aastha policy no 394122500.How can I see the details of this policy or what is the status
Hi,
Can you tell me if Jeevan Aastha plan is still available? I checked in licindia.com but is not showing the details or the policy.
And can you tell me any policy or investment plan for 2 Lacs? (I am looking for some Single investment plan) and am planning to invest this for my daughter who is 5.5 yrs old.
Thanks in advance.
Regards,
Jonah.
Jeevan Aastha is closed.
Invest in Child future plan or Market Plus 1
what are the maturity benefits to me of policy MONEY PLUS-180(10) ;DATE OF COMMENCEMENT-17/03/2007,DATE OF MATURITY-17/03/2017,SUM ASSURED-50,000?
I am refering to Sec 80C as maturity benefit will come only after the end of 3 years or when i close the policy.
But as per the policy, if i am correct, we can claim tax benefit for 3 years though the amount decreases for each year 26205, 15000…,12000. However, this clause is nowhere mentioned in the bond.
Which clause are you referring to?
There is two tax benefit and these are:
1. Tax benefit under Sec 80C on initial premium.
2. Maturity benefit is non taxable under Sec 10 (10D).
I think my question was not clear. I will try to explain again
Last year i purchased jeevan aastha for 25000 (amount paid-26205) and i claimed tax benefit for 2008-09 for the amount paid(26205). My doubt is, can i claim tax benefit this year also (if not for full amount atleast for part amount say 15000). For what amount can i claim tax benefit ? 15000? 12000?. Sorry for the inconvinence.
For onetime Premiums, you can not claim tax benefit every year. However, you can claim tax benefit every year, if you are paying premium every year in any insurance policy.