WHOLELIFE INSURANCE LIC POLICY

WHOLELIFE INSURANCE LIC POLICY:-

At present 2 LIC plans are available upto 100th birthday : 1) Jeevan Anand (149) 2) Jeevan Tarang (178) Under these two plans the Insurance cover continues upto 100th birthday after the payment of maturity amount. Those who want to have Insurance for full life can opt for these plans. Returns are guaranteed under these plans.

Contact for insurance:- Sanjay Tomer                                     09466423767

KOMAL JEEVAN LIC PLAN FOR CHILDERN

LIC of India :Komal Jeewan Plan for Children.

Feature:-

LIC now introduces a new plan to take care of these needs – A Komal Jeevan Plan with payment of premium ceasing on policy anniversary immediately after the child attains 18 years of age. The plan, besides offering risk cover , also offers payment of Sum Assured in installments at age 18,20,22,24 and Guaranteed and Loyalty additions, if any, at the age 26.

Eligibility:-

Minimum Age at entry - 0 years             Maximum Age at entry - 10 years
Maturity age - 26 years
Mode of Premium - Single premium, Yearly, Half-yearly, Quarterly, Salary Savings Scheme.

Minimum Sum Assured - Rs.1,00,000/-                  Maximum Sum Assured - Rs.25,00,000/-

Guaranteed Surrender Value:

This policy can be surrendered for cash after expiry of 3 policy years, provided at least 3 years’ premiums have been paid under an annual premium policy or the premium under Single Premium Policy. The Guaranteed surrender value allowable under this policy is –

(a) Annual Premium Policy:

Before the date of commencement of risk : 90% of the premiums paid excluding the premiums paid during the first year.

a) Annual Premium Policy:

Before the date of commencement of risk : 90% of the premiums paid excluding the premiums paid during the first year.

(b) Single Premium Policy:

The surrender value will be 90% of the Single Premium.

Guaranteed Additions:

Rs.75 per thousand Sum Assured per annum at the end of each policy year will be added to the policy by way of guaranteed additions provided the policy is in full force,

The Guaranteed Additions will be payable

(i) on death or

(ii) on maturity i.e. on policy anniversary immediately after the Life Assured attains the age of 26 years, provided the risk has commenced under the policy.

Contact for insurance:- Sanjay Tomer

                                  09466423767

CHILD FUTURE PLAN LIC POLICY

CHILD FUTURE PLAN LIC POLICY:-
 Features of plan
 Life Insurance Corporation has introduced a new with profit child future plan (Table No.185) w. e. f. 8th February 2007. this plan meets the increasing educational and other need of growing children providing the risk cover on the child's life during the policy term as will as extended term .This is a child lic policy.

Plan parametersAge at entry: min. 0 yrs. (LBD) max. 12 yrs (LBD)
Maturity age: min. 23 yrs. (LBD) max. 27 yrs (LBD)
Sum assured: min. 1lac max.1cror
S.A in multiples of: Rs.5000
PPT: 6 yrs. & policy term- 5 yrs
Mode of payment: YLY/ HLY/QLY
Policy loan: No
Housing loan: No
Assignment: No by the proposer, but assignable after the policy has vested in the life assured
Revival: yes

Benefit

Death benefit: on death after the date of risk commencement.

1. if death occurs within the period from the date of risk commencement to 5 years before expiry date of policy term: sum assured + vested simple reversionary bonuses + F.A.B, if any, is payable. I
2. if death occurs within 5 years before the expiry the date of policy term: sum assured + F.A.B if any, is payable.
3. on death during the extended term: sum assured is payable.
4. if death occurs before the date of risk commencement: all the premium paid (excluding premium for extra and PWB, if any) + interest @ 3% p.a. compounding yearly shall be payable.

Contact for insurance:- Sanjay Tomer
                                   09466423767

CHILD CAREER PLAN LIC POLICY

CHILD CAREER LIC POLICY:-

Feature of plan

Life Insurance Corporation has introduced a new with profit 'child career plan (table no184) w. e .f. 8th February 2007. this plan meets the increasing educational and other need of growing children providing the risk cover on the child's life during the policy term as will as extended term   This is a public child lic policy.

Plan parameters Age at entry: min. 0 yrs. (LBD) Max. 12 yrs (LBD)
Maturity age: min. 23 yrs (LBD) Max. 27 yrs. (LBD)
Sum assured: min. 1lac max. . 1cror
S.A in multiples of: Rs.5000
PPT: 6 yrs. & policy term - 5yrs
Mode of payment: YLY/ HLY/ QLY
Policy loan:
Housing loan:
Assignment: no by the proposer, but assignable after the policy has vested in the life assured
Revival: yes
Benefit

Death benefit: on death after the date of risk commencement.

1. If death occurs within the period from the date of risk commencement to 5 years before expiry date of policy term: sum assured + vested simple reversionary bonuses + F.A.B. if any, is payable.
2. If death occurs within 5 years before the expiry date of policy term: sum assured + F.A.B if any, is payable.
3. on death during the extended term: sum assured is payable,
4. if death occurs bet fore the date of risk commencement: all the premium paid (excluding premium for extra and PWB. If any) + interest @ 3% p.a. compounding yearly shall be payable.

Contact for insurance:- Sanjay Tomer
                                    09466423767
                                    09416956096