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.
IF I INVEST RS 50000.00 IN JEEVAN ASTHA PLAN FOR 5 YEARS WHAT WOULD BE MY FINAL AMOUNT ON MATURITY DATE.
@Anil gatane,
If you invest Rs.50,000/- for 10 yrs Return would be approx. Rs. 1,20,000/- (Tax free maturity)
and return in 5 yrs will be Rs.72,500 + Loyalty addition approx 3% (loyalty addition is not fixed and it depends on various factors but from the past results its expected 3% for 5 yrs plan and 4% for 10 yrs plan)
Return for investment of Rs.60,000/- for 5 yrs under this lic policy would be Rs. Rs.87,000/- + approx 3% loyalty addition. (loyalty addition is not fixed and it depends on various factors but from the past results its expected 3% for 5 yrs plan and 4% for 10 yrs plan)
This is case on what is this loyalty addition % calculated on?? Is it 3% on 87000??
@Sowmya,
its calculated on your actual investment. 3% of 60,000
I am 35 year old.I want to Invest in LIC Jeevan Astha Plan for 5 or 10 years ( Amount 50000/-) Sum Insurance 300000/-
Pl send us Total Amount will come in my hand after 5years & 10 years. Yearly ADM & insurance will be deductedable or not. is this policy is NAV base or not.
Suppose I am not interested for Life Assured then what amount will recd. if any change of above or not.
thanks
Ashok.bhandari
@Ashok Bhandari,
Jeevan Aastha is NOT an NAV based policy.
If you invest Rs.50,000/- for 10 yrs Return would be approx. Rs. 1,20,000/- (Tax free maturity)
and return in 5 yrs will be Rs.72,500 + Loyalty addition approx 3% (loyalty addition is not fixed and it depends on various factors but from the past results its expected 3% for 5 yrs plan and 4% for 10 yrs plan)
You have 15 days Cooling-off period, after buying this policy if you think this is not the one you were looking for, you may return the policy to us within 15 days.
Hi,
Kinldy let me know If i invest 60000 for 5 years wht will be my value on maturity under jeevan aastha plan
@Sowmya,
Return for investment of Rs.60,000/- for 5 yrs under this lic policy would be Rs. Rs.87,000/- + approx 3% loyalty addition. (loyalty addition is not fixed and it depends on various factors but from the past results its expected 3% for 5 yrs plan and 4% for 10 yrs plan)
@Munir,
You’re welcome!
Hi
This is Tasmia
I would like to benefits of pension plans and the returns that one may get after its maturity.
It would be of great help if my query can be solved at an earliest.
@tasmia Shaikh,
Jeevan Aastha is not a pension plan.
If you need a plan which has the benefit then email me your date of birth I will get in touch with you with the details.
You may email me at: info@mypaisa.in
Thanks.
-Tabrej
Hi Team of LIC,
I have gone through the Jeevan Aastha Scheme and found it attractive. Can any one give me the link so that I can download the Application Form for Jeevan Aastha.
Thanks & Regards
Bradley
@Bradley,
Thank you for your interest.
I have received your email and would get back to you soon.
Thanks.
Hi,
My wife’s age is 27. We would like to invest for 10 yrs. What will be the one time premium amount and what will the return on our investment. Could you also tell us the scope of risk covered under Aastha.
Regards,
Lalit
@Lalit Kewalramani,
The minimum investment is 25000 under jeevan aastha.
How much would you like to invest in this plan?
Lets say if you invest Rs.33,333/-
Basic Sum assured amount would be Rs.2,00,000/-
1st years risk cover 2 lacs + Guaranteed addition @10%
2-9 yr Risk would be Rs.66,666 + GA @10%
10th yrs Risk: Rs.66,666 + GA@10% + Loyalty addition.
Total maturity amount would be Rs.66,666/- + LA
Approx Rs.83,000 tax free return.
Let me know, if you have any question.
Thanks.
-Tabrej
can you tell me the exact sum i’ll get after the maturity period of 5yrs and 10yrs ( both) if I wish to invest Rs 75000/- ?
I also want to know the maturity sum if I invest Rs 50,000 for 5 yrs and 10 years?
Please mention the break up in both cases . Also what will be the approx loyalty addition for 50k and 75k ? how is it calculated ?
Thanks in advance
@Meg,
If you invest 75k for 10 years return would be 1.5 lacs + Loyalty addition ( approx 4%).
Same goes with 50k investment for 10 yrs
Return would be 1lac + LA ( approx 4%)
what is loyalty addition ????????????
@rahul,
Loyalty addition is the amount that LIC adds in your maturity amount. This depends on many factors.