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.
What is the premium payable for my age (41+ years) for sum assured of 25 lacs & 50 lacs respectively.
What is the premium payable for my wife’s age (36+ years) for sum assured of 25 lacs & 50 lacs respectively.
What is the incentive being paid by you.
@SJ,
One time Premium for SJ:
Age: 41 yrs
Term: 10 yrs
Risk cover: 25 lakh
Premium: 4,11,125/- and for 50 lakh cover Premium Rs. 8,22,250/-
For your wife:
Age: 36
Term 10 yrs
Risk cover Rs.25 lakh
Premium: Rs.4,06,250/- and for 50 lakh cover Rs. 8,12,500/- one time premium
All premiums are after rebate.
I shall be highly grateful, If anybody can give me the illustration of LIC’s Jeewan Aastha Policy in respect of my particulars. My particulars are as under:-
I can invest from 25000 to 40000. What will be the one time premium according to my age.
My DOB is 01.07.1980.
I want to know the total maturity amount after expiry of 5 years and 10 years respectively.
@SURAJ,
According to your age, your one time premium would be Rs. 41,928/- for 5 years term and Rs.39,684/- for 10 yrs term. Risk cover Rs.2.40 lakh.
hello ,my age is 35,if i invest rs 25000 for 5 years, how i get after 5 years and if i died in accident after 1 year then how many get my son.
@swapan chakravorty,
As per your age, your Minimum one Time investment would be Rs. 26,265/- for 5 years term and Rs.24,937/- for 10 years term.
Return would be approx 12% for 5 years term and 14% for 10 years term. return is calculated on Guaranteed + Loyalty addition.
The loyalty amount is 3 % for 5 Yrs plan and 4 % for 10 yrs plan and it is also calculated on Actual investment, all these are clear to me but please let me know that is the loyalty amount is 3 % Per annum?
@rakesh.mishra00,
No. its after the term and not annual.
I understand that 6 times of initial investment is the insurance cover available only for the first year. Thereafter insurance cover
drops to one third of this or twice the initial amount.This fact is not highlighted. Am I right? How much will I get at the end of the tenure for 1 lac and 50,000/= invested for 10 yrs.? Is there any ready reference table available with you? If so why not put it on the the site.
@rekha ranpura,
You are right.
This is an Investment plan and I only recommend this plan if you are looking for investment.
Return after 10 year would be Double of your investment + Loyalty addition ( Approx 4% of your investment)
i.e if you invest 1 lakh then 2 lakh in Guaranteed + Loyalty addition.
I do not have ready reference table but you are free to ask me if you have any question.
If you need Life Cover then we have 40+ other insurance product.
Good evening!!!!!!
Could you please tell the link to download Jeevan Aastha Policy Proposal forms ???
Is it OK if we send the scanned copies of signed application form (in PDF format) to the LIC branch by mail, in case we are not able to send the original application forms?
Thanks
Sunitha
@sunitha,
You can download the proposal form from here:
https://mypaisa.in/downloads/propformnew.doc
and https://mypaisa.in/downloads/Proposers-details.doc
I am a house wife, 59 yrs old. I want to invest Rs. 1,00,000 in Jeevan Aastha policy for 10 yrs period. Can you tell me what is the exact amount I should write on my Cheque? And how much
I will get on the survival at the end of policy period?
Thanx
rekha
@rekha ranpura,
Your one time premium would be Rs. 1,12,830 for 6 lakhs cover. Rs. 1,07,473.5 for 5.70 lakh cover
or Rs. 96,160.5 for 5.10 lakh cover.
Let me know, if you have any question.
Hi,
If my age is 29 yrs. What is exact min. investment I have to do in jeevan astha. I mean it is 25000 or 26000 or whatever. I want exact figure depending on my age.
@Bhavana,
Your minimum investment would be
For 10 years plan: Rs. 24802.5
for 5 years plan Rs.26205
@Bhavana,
Good question.
Your minimum investment would be Rs.26205 in this policy.
Hi,
I want to know if i go for min. investment 25000/- for 5 yrs. will i get tax rebate?
@bhavana,
Of course, you will get Tax rebate on minimum investment Rs.25000/-
Let me know, if you have any other question.
what is the refundable amount after 10yrs and after 5yrs for 1,50,000rs for jeevan aashta policy?
@SATISH GUPTA,
If you invest Rs.1,50,000/- for 10 years in Jeevan Aastha the maturity amount would be Rs.1,50,000 + Guaranteed addition @10% pa Rs.1,50,000/- + Loyalty addition approx 4-5% Rs.75,000/- =Total Amount would be Approx Rs.3,75,000/- ( Loyalty addition is not fixed and it depends on LICs future performance.)