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.
Thank you for great service. Getting jeevan aastha policy was very easy with you. I would recommend my friends too.
@Rajesh,
Glad you enjoyed our service.
Thanks 🙂
Is it possible for me to receive the guaranteed addition on yearly basis ?
What are the tax liabilities if I liquidate the policy after , say, 2 years?
Regards
Swami
@Swami,
No, you will get maturity amount at the end of the policy year 5 yrs or 10 yrs.
If you’re thinking to liquidate the policy before the term then I wont recommend this policy for you.
However, you can surrendered your LIC jeevan aastha policy after the policy has run for at least one year. The minimum Guaranteed Surrendered Value allowable is equal to 90%.
Thankx for the quick response. I have courier my documents pls knowledge.
@Uday Shet,
I will update you via email.
Thanks.
Can i get link for form?
@Sapan,
You can download the proposal form from here:
https://mypaisa.in/downloads/propformnew.doc
and https://mypaisa.in/downloads/Proposers-details.doc
Let me know, if you need further assistance.
December 31st, 2008 @5:58 am hi lic team,
congrates for your efforts to launch this new policy.
i would like to know more about ‘jeevan astha’
give details in a ready made tabular form it will be easy to understad and decide
Shabi Abbas
@Shabi,
you can view the table here:
https://mypaisa.in/image/lic-online.gif
Can I apply Jeevan Aastha through online/website?
@shobythomas,
No, online application is not available.
However, you can take a print out of form no.300 and send it to our branch duly signed along with a cheque in favor of “LIC of India” and your age proof.
Hello,
Can I apply forJeevan Aastha through online? if so pls, intimate me.
Thanks
Shoby
@shobythomas,
No.
Are you NRI?
If you are NRI then you will need to go through the “Mail Order Business”.
WHAT IS THE BENEFIT OF JEEVAN AASTHA COMPARISINGLY WITH FD IN ANY BANK
@shiv,
LIC’s benefit over FD:
1. Tax benefit
2. Insurance cover.
i want deep detail about jeevan aastha
@shiv,
What details exactly are you looking out for?
Please feel free to ask here.
wht r d factors of loyalty addition ????????????
@rahul,
It depends on LIC’s performance.