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.
I have taken this policy last year. If i remember correctly then LIC had assured tax benefit for some amount (suppose if i had taken the policy for 25000 last year then for this year i.e., 2009-10 i can claim tax benefit for say 15000/12000???) is this correct
Please let me know.
Regards,
Prashanth P N
Yes, you can claim tax benefit. Please read here: https://mypaisa.in/insurance-plans/tax-saving-benefits/
Dear Sir,
I need the infomation for jeevan astha.I need to know how much to be paid minimum,and what you get at maturity.
Thanks
Sameera
Dear Sir,
I have taken New jeevan shree lic in 2003 for 500000 for 5 years.I correctly paid all the amonut.It is getting matured on2018 can you just tellme how much will i gei at maturity.
Thanks
Sameera
Please check your Bond papers for sum assured information.
I want to invest 30K in Jeevan Astha Policy for 5 years for Tax Saving Purpose. My DOB is 24/06/1977. What will be the total amount i will get after maturity ? Please let me know in amount.
And How can i take this policy online ? Because I dont have too much time , I have to invest immediately and need to show investment paper in my Company in next 2-3 days. Is it possible if i take this policy through online ? Please tell me asap. I am in Bangalore.
Dear Sir,
I have Money plus (No 180). Is it Good plicy? Kindly give me details.
Thanks and regards
Nazar Kodungallur
You are right
Hi ,
I have taken the LIC Bima Gold policy of 10,00,000 fo 16 yrs and I am paying an premium of around Rs.47700 per annum. I know that I will get 1.5lakhs at the end of 4th ,8th and 12th years. Also I would like to understand how much amount(approximately) would i recieve at the end of 16 yrs. Also I would like to understand what is sum assured and basic sum assured? Also the amount i receive 1.5 laks at the end of 4,8,12 yrs is non taxable…am i right or wrong ?
Hi
my age 34 i wants to do jeevan varsha for 9 yr plan,s.a is rs 50.000/- how much i pay for yearly premium and how much i got money back of after 3 yr.plz conform me.
with regards
@shaikh sahazahan,
Your yearly premium would be Rs.7955 for SA Rs.50,000/-
Money back is as follows:
3rd year 15% of Sum Assured
6th year 25% of Sum Assured
9th year 60% of S.A +G.A + L.A
bima gold details send
@p12345,
We will post Bima Gold details soon.
I am not clear. Even though i have invested Rs.56991 my matured sum is Rs. 55000 and all calculations is made on matured some only.
If my matured sum is same as what i have invested that is 56991 on maturity i will receive 9% + LA ie it works out to 82636.95 + LA
But since as per LIC my matured sum is Rs. 55000 only i will receive only 79750.00 + LA
Why the matured sum is less than what i have invested ?
@Sowmya,
That depends on your age. whats your age?
i.e. If your Basic Sum assured is 3 lakh then you would receive 3 lakh/6 = 50,000 + 9% pa + LA