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,
I have invested in Jeevan Aastha for Rs.56991 for a period of 5 years…as per the policy my matured sum is only Rs.55000 and all guaranteed additions is based on only 55000. I dont even get the full amount which i have invested in the policy..Kindly clarify me and what will be the amount i will receive after 5 years
@Sowmya,
No, on maturity you will get MSA + 9%pa + LA.
You will get approx 80k on maturity.
Just want to know regarding Aastha Policy. If i invest 25000/- initially anf my term is 5 years, that means i invested 125000 in 5 years. So will the maturity amount is apart from this 125000. In all, how much amount i will recieve after years. Please Elaborate with an example.
@amit joshi,
I think you misunderstood this plan. This is ONE time premium. you will need to pay once and no other payment in next 5 yrs.
i.e If you invest 1 lakh initially, there will be NO recurring premium. Your risk cover would be 6 times of your premium in first year and then risk cover would be one-third.
Return on maturity: 1 lakh + 9% return per year + LA. =Approx 12% return over and above your premium.
i would like to know about the medical required i am 50 years old and sum i want to invest is 10 lakhs10 years can u give me table of medicals requirement
@karan,
Yes, you will need to submit your medical report and you will need special report. Contact your LIC advisor or nearest LIC Branch for help.
still my question is pending.
Does one requires to have medical fitness test before applying Jeevan Aastha?
@Das,
Not required but that depends on your age and Risk cover
Tabrej
My date of birth is 09/06/1976, I want to deposite 25000/50000/75000 resp. Then what will be my single premium for 5 yr and 10 Year. and what amount I will receive in hand after maturity.
Please reply urgently
[Edited- admin] gurgaon
hello,
Tabrej
My date of birth is 09/06/1976, I want to deposite 25000/50000/75000 resp. Then what will be my single premium for 5 yr and 10 Year. and what amount I will receive in hand after maturity.
Please reply urgently
ganesh221@rediffmail.com
Contact- gurgaon
@ganesh,
Your one time premium are mentioned below
26,235/- for 5 yrs term and 24,870 for 10 yrs term
For 50k you will need to invest 51,870 for 5 yrs term and 48,840 for 10 yrs term.
for 75k it would be 77,805 for 5 yrs and 73,260 for 10 yrs term.
Return on maturity would be 9% or 10% per year as per term and + LA.
Total return appox 12% for 5 yrs and 14% for 10 yrs term over and above your investment.
I am a NRI (from USA) and would like to invest some amount in jeevan aastha.. Am i eligible ? if yes, how can i apply as NRI. It is possible, at the time of maturity (after 10 yrs) i will be living in india and will not have NRI status. thanks .
@manoja143,
Yes, NRIs are eligible for Jeevan Aastha. NRIs can take any LIC policy through Mail Order Business and it takes approx 30 days to complete the procedure. Since it takes a long time and Jeevan Aastha is closing on 21st Jan 2009, it wont be possible to start the procedure.
I am 27 yrs old. I want to invest 30000/- into this policy. can you please tell me how much will be the exact return after 5 yrs and 10 yrs
thanks
Kamal
@Kamal Maheshwari,
Return would be 9% pa for 5 yrs term and 10% pa for 10 years term + loyalty addition.
5 yrs term Rs. 43500 Guaranteed + loyalty addition
and Rs.60,000/- guaranteed + LA. appox 4%
Total approx 12% return on 5 yrs and 14% return on 10 yrs term.
Thanks for your reply to my question.
But the answer given by you is incomplete because I asked about the total maturity amount after expiry of 5 years and 10 years respectively but you have not given me the reply.
Please tell me what will be the total return after five years and total Risk cover during the policy, if I invest Rs.41,928 for 5 years and Rs.39,684 for 10 years respectively. Pl. explain.
As I have already told you that my DOB is 01.07.1980.
Thanking you,
@SURAJ,
The return would be Rs.60,795/- Guaranteed +LA for 5 yrs term and
Rs. 79,368/- guaranteed + LA approx 4%
Risk cover 6 times of your premium in first year and then double of your premium.