Market Plus 1 is a unit linked pension scheme (ULIP). Policy holder can choose the plan with or without risk cover. This investment plan is divided in four types of investment Funds namely Bond, Secured, Balanced and Growth Fund. Market Plus 1 is primarily a Pension policy and the plan has many attractive features and options that make it an ideal Retirement solution for your future……more
LIC’s Jeevan Varsha is a money back plan with Guaranteed Additions and Loyalty Additions.
Jeevan Varsha would be open for sale from 16th February, 2009 to 31st March, 2009
Jeevan Anand is the combination of Endowment Assurance and Whole Life plan.
The risk cover will continue even after the maturity, that means Zindagi Ke Saath Bhi Zindagi Ke Bad Bhi… Jeevan Anand plan no. 149 provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.
For Example: Mr. Pankaj, age 25 years, takes Jeevan Anand policy for 25 years for Sum Assured Rs. 1 lakh. Now on Maturity Pankaj will receive Rs. 2,12,500/- (Rs. 1 lakh sum assured Plus Rs.1,12,500/- is the estimated bonus at Rs.45/- per thousand per year.)
In case, Mr. Pankaj, dies ( After premium paying term is over) at the age of 60 years, his nominee will get additional Rs. 1 lakh equal to sum assured amount. Since Mr. Pankaj has already received the bonus, LIC will not pay second time bonus.
In case, Mr. Pankaj dies during the Premium Paying Term, his nominee will get Rs.1 Lakh (sum Assured) + Accrued bonus till Mr. Pankaj’s death.
1. Jeevan Anand is the combination of Whole Life and Endowment Assurance plan.
2. Even after the Premium Paying Term (PPT) is over, risk cover continues till the death of the policy holder.
3. Accident Benefit is available during the Premium paying term adn thereafter upto age 70.
4. Limited premium payments.
5. Double accidental cover upto age 70.
6. Tax Savings
LIC Gratuity Plus Summary:LIC GRATUITY PLUS PLAN is a unit-linked plan (ULIP) for the management of Gratuity Funds. GRATUITY PLUS PLAN is suitable for companies who desire to entrust Gratuity Fund management to an insurer and wish to have the flexibility of choice of investments. This plan is different from the traditional Cash Accumulation Plan …
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 Bank deposit plus Insurance. You need to pay only a ONE-time premium.Jeevan Aastha …
LIC’s Jeevan Pramukh (Plan No. 167) is the best plan for high worth individuals i.e. Managers, CEOs, corporates, professional, industrialist, estate owner, NRI, film stars etc. Jeevan Pramukh plan comes with convenient premium paying term of 3, 4 and 5 years. However, Life insurance cover continues for a longer term even after premium paying term.
Jeevan Pramukh also provides guaranteed addition of Rs.50/- per thousand Sum Assured per year for first 5 years and revisionary bonus thereafter in addition to your basic sum assured.
LIC Jeevan Tarang is a whole Life Money Back Plan for you or your children. It gives you survival benefit of 5.5% of the sum assured GUARANTEED for LIFETIME This unique policy is a perfect financial planning tool for you or your child. Your child stays financially protected for life. you pay premium for only a short period – onetime or, 6,10,15 or 20 years. And guess what !! the policy then keeps paying you EVERY YEAR for your LIFETIME apart from Bonus at the end of period plus covers life for the lifetime! LIC’s life time money back policy A Deferred Annuity Plan.
For Example: If you go for Rs.10 lakh Sum assured policy then you would receive Rs.10 Lakh on maturity + Bonus + Rs.55000/- per year till you or your child is survive. That how unique this plan is.