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Buy LIC Jeevan Akshay VI in Delhi
Posted by:V.K. sharma, July - 29 - 2018

Buy LIC Jeevan Akshay VI in Delhi

When it comes to investment in fixed deposit, Jeevan Akshay 6 of LIC is very popular these days because there is lot of uncertainty in banking rate of interest. People prefer to buy LIC Jeevan Akshay vi in Delhi rather than approaching bank for fixed deposit.

Buy LIC Jeevan Akshay VI in Delhi
Buy LIC Jeevan Akshay VI in Delhi

2 years back the rate of interest in banks were around 8.5%, today the rate of interest for fixed deposit in banks is around 7%. There is no guarantee what will be rate of interest in bank after two years. It can be 6% or 5% or 4%.In such situations when the rate of interest in banks are uncertain and  if someone is approaching the bank regarding a long term FD then even the banks are thinking twice 2 offer such a long fixed deposit schemes.  Becuase banks don’t want to create a liability for them.

Buy LIC Jeevan Akshay VI in Delhi
Buy LIC Jeevan Akshay VI in Delhi

 

Why People prefer to buy LIC Jeevan Akshay VI in Delhi?

Jeevan Akshay VI of LIC is the only option available whether it is bank or insurance company or any financial institution which provides a fixed and guaranteed rate of interest throughout the life of the policyholder. This feature of LIC’s Jeevan Akshay VI makes it favourite financial instrument for people buy LIC Jeevan Akshay VI in Delhi.

Under LIC’s Jeevan Akshay VI, the policyholder can choose the  mode of pension or the interest to be credited in his bank account via NEFT. He can choose any mode monthly basis, on quarterly basis, on half-yearly basis or annual basis. As the mode choosen by the policyholder the interest or pension will be given to him accordingly. LIC of India has made best system where the money credits into the policyholders bank account exactly on the 1st of every month as the mode of payment (Monthly, Quarterly, Half Yearly Or Yearly).

In LIC’s Jeevan Akshay VI, there is no worries to renew it every year or after every fixed interval as is required in case of FDs in Banks. Its totally peace of Mind. Simply buy it and the pension or the rate of interest will remain fixed throughout life, no need to worry about renewing it. The pension rate or rate of interest will remain fixed through out life.

Options under which LIC’s Jeevan Akshay VI can be purchased.

There are various options available in LIC’s Jeevan Akshay VI depends on one’s need one can choose under which mode one want to buy LIC Jeevan Akshay VI in Delhi.

Some Important terms required to note before understanding the options in LIC’s Jeevan Akshay VI.

In LIC’s Jeevan Akshay VI, the single premium( the lump sum amount investment) which is to be invested without taxes(CGST or SGST) is called Purchase Price.

 

Buy LIC Jeevan Akshay VI in Delhi
Buy LIC Jeevan Akshay VI in Delhi

There are 10 options available from which the policyholder can choose to buy LIC Jeevan Akshay VI in Delhi.

Option A: The rate of interest or the rate of pension is maximum because the pension is guaranteed throughout life but after the death of the policyholder the purchase price will not be returned to the nominee of the policyholder or one can say that the purchase price is forfeited by the LIC.

Option B, C, D & E: In these options the pension is guaranteed for 5 years, 10 years, 15 years or 20 years correspondingly and for lifetime there after but the pension rate is slightly lesser in this case then option A as mentioned above. The pension will be given to the policyholder throughout his life and it will remain guaranteed for 5 years, 10years, 15years or 20years  and there after for life but at the death of the policyholder the purchase price will not be returned to the nominee of the policyholder.

Option F: This is the favourite option for most of the people and they buy LIC Jeevan Akshay 6 in Delhi mostly under option f, in this option the policyholder gets lifetime guaranteed pension and after his death the purchase price or the amount invested in to Jeevan Akshay VI will be returned to his Nominee.

Option G, option H and option I are not that popular and not many people buy  LIC Jeevan Akshay VI in Delhi under these options G, H & I.

Buy LIC Jeevan Akshay VI in Delhi
Buy LIC Jeevan Akshay VI in Delhi

The most Popular Option J sometimes better than option F.

Like option F  one more option, the option J, which is also very popular. People who care about their spouses equally prefer to buy LIC Jeevan Akshay VI in Delhi. The best part in this option is first the policyholder gets the pension guaranteed throughout his life after his death his spouse also gets guaranteed pension throughout her life. The rate of interest will remain fixed and after her death, the money, the purchase price is again return to the nominee.

Buy LIC Jeevan Akshay VI in Delhi
Buy LIC Jeevan Akshay VI in Delhi

LIC’s Jeevan Akshay VI is beyond comparison. One who is aged between 30yrs to 85yrs of age, wants to have fix rate of interest for his money, he or she can invest a lump sum amount(Single Premium) in to Jeevan Akshay VI. These were many reasons why people buy LIC Jeevan Akshay VI in Delhi under F and under J option.

 

Is Jeevan Akshay 6 good for husband and wife?

Is Jeevan Akshay best for investing for senior citizen ?

Is Jeevan Akshay better than bank FD?

Is Jeevan Akshay VI better than buying property for investment?

How to surrender Jeevan Akshay VI?

Buy LIC Jeevan Akshay VI in Greater Noida.

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Buy LIC Jeevan Akshay VI in Greater Noida
Posted by:V.K. sharma, July - 23 - 2018

Buy LIC Jeevan Akshay VI in Greater Noida

Living in peaceful and beautiful area of Greater Noida and planning to enjoy life without worries then you are at the right place. LIC of India’s Jeevan Akshay VI adds more peace and happiness to your life by providing fixed rate of interest through out your life, by investing just once in guaranteed return plan, which is better than FD, provides instant income, without worries of share market for you and for your spouse then there is no better option then to buy LIC Jeevan Akshay VI in Greater Noida.

 

Buy LIC Jeevan Akshay VI in Greater Noida
Buy LIC Jeevan Akshay VI in Greater Noida

Who Can buy Jeevan Akshay VI in Greater Noida?

Entry Age to buy Jeevan Akshay VI in Greater Noida
  • Minimum: 30 years.
  • Maximum: 85 years.

 

BUY LIC JEEVAN AKSHAY VI IN GREATER NOIDA
BUY LIC JEEVAN AKSHAY VI IN GREATER NOIDA

Buy LIC Jeevan Akshay VI in Greater Noida under below mention details

Premium paying mode One time lump sum premium is to be paid that it is a Single Premium Policy
Minimum purchase price  Rs.1,00,000 that is the prospect have to pay Minimum Rs 1 lakh and there is no upper limit.
Minimum purchase price No Limit
Benefits Option A: Annuity (Interest) payable for life at fixed and guaranteed rate
Option B: Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive
Option F: Annuity for life with return of purchase price on death of the annuitant
Option G: Annuity payable for life, with an additional increase of 3% per annum (simple rate)
Option H: Annuity for life, with a provision to ensure that 50% of the annuity will be paid to the spouse of the policyholder during his / her lifetime, on the death of the annuitant.
Option I: Annuity for life, with a provision to ensure that 100% of the annuity will be paid to the spouse of the policyholder during his / her lifetime, on the death of the annuitant.
Option J: Annuity for life, with a provision to ensure that 100% of the annuity will be paid to the spouse of the policyholder during his / her lifetime, on the death of the annuitant. With the purchase price being returned in the event of the death of the last survivor.
Mode Of Pension Or Annuity Or Interest Monthly. Quarterly. Half Yearly. Yearly
High purchase price incentives the purchase price is at least Rs.2,50,00o (or more), a higher amount of annuity will be payable to the annuitant because of incentives.
Tax Taxes will be payable as per prevailing taxation laws.

Features and Benefits:

  • Regular payout of annuity.
  • Flexibility to choose annuity payout from 7 options.
  • Benefits extend to the surviving named spouse / nominee after the death of the annuitant.
  • Excellent retirement solution.
  • Incentives for high purchase price.
  • No medical examinations of any kind are required before taking on this plan.
Buy LIC Jeevan Akshay VI in Greater Noida
Buy LIC Jeevan Akshay VI in Greater Noida

How does this policy work?

Mr. Arjun, a 50 year old working professional buy LIC Jeevan Akshay VI in Greater Noida policy with a purchase annuity of Rs.10,00,000. Given below are the annuity options and rates for three of the plan options.

Period Annually Half-Yearly Quarterly Monthly
Option A Rs 79050 Rs 38625 Rs 19113 Rs 6333
Option F Rs 66750 Rs 32575 Rs 16113 Rs 5333
Option J Rs 66250 Rs 32375 Rs 16038 Rs 5317

Death Benefit:

Unlike other LIC plans, you don’t get any death benefit under this plan. Because once you pay the premium your money back starts in the form of pension. If you choose to get payments even after your death, your spouse will be benefited out of it. Your spouse gets the remaining pensions after you.

 

The rate of Pension:

The rate depends on the type of annuity chosen by the policyholder or the annuitant. There are 7 active types of plans under annuity product. But once decided and the one time premium paid, you cannot change the plan as it is a one-time payment and the benefits starts immediately.

 

Maturity Benefit:

Unlike other LIC plans, you don’t get any maturity benefit under this plan. Because once you pay the premium your money back starts in the form of pension. If you choose to get payments even after your death, your spouse will be benefited out of it. Your spouse gets the remaining pensions after you.

 

Rider Benefit

There is no riders benefit available under this plan, as it is a pure pension based annuity plan.

 

Difference between Jeevan Akshay I, Jeevan Akshay  II, Jeevan Akshay  III, Jeevan Akshay  IV, Jeevan Akshay V and Jeevan Akshay VI.

 

 

Related Articles :

Under which option one should buy Jeevan Akshay 6?

Is Jeevan Akshay 6 good for husband and wife?

Is Jeevan Akshay best for investing for senior citizen ?

Is Jeevan Akshay better than bank FD?

Is Jeevan Akshay VI better than buying property for investment?

How to surrender Jeevan Akshay VI?

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LIC BIMA SHREE TABLE NO 848
Posted by:V.K. sharma, March - 15 - 2018

LIC Bima Shree  Table no 848

LIC Bima Shree Table no 848  is a non-linked, with-profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakh especially designed for targeted segment of High Net-worth Individuals.

Premium Payment Mode :
Yearly, Halfly, Quarterly, Monthly(ECS)

Term & Premium payment:
For Term 14yrs-premium payment is 10yrs, For Term 16yrs-premium payment is 12yrs, For Term 18yrs-premium payment is 14yrs, For Term 20yrs-premium payment is 16yrs.

buy bima shree in delhi, gurgaon & Noida
buy bima shree in delhi, gurgaon & Noida

Minimum Entry Age :
8 Years completed

Maximum Entry Age :
55 Years (Nearer Birthday) for Term 14
51 Years (Nearer Birthday) for Term 16
48 Years (Nearer Birthday) for Term 18
45 Years (Nearer Birthday) for Term 20

Maximum Maturity Age :
69 Years (Nearer Birthday) for term 14
67 Years (Nearer Birthday) for term 16
66 Years (Nearer Birthday) for term 18
65 Years (Nearer Birthday) for term 20

Minimum Sum Assured :
Rs 10 lakh (Multiple of 1 lakhs thereafter)

buy bima shree in delhi, gurgaon & Noida
buy bima shree in delhi, gurgaon & Noida

Maximum Sum Assured :
No Limit

Guaranteed Addition :
Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT

Policy Benefits :

On Death :
Death during 5 yrs : SA on Death + GA
Death after 5 yrs : SA on Death + GA + LA

*SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums Paid

Survival Benefits :
For 14 yrs policy : 30% of BSA in 10th & 12th year
For 16 yrs policy : 35% in 12th & 14th year
For 18 yrs policy : 40% in 14th & 16th year
For 20 yrs policy : 45% in 16th & 18th year

Maturity time : Remaining SA with GA + LA

Lic’s New Critical Illness Benefit Rider available.

Lic’s Premium Waiver Benefit Rider available.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 2 full years premiums have been paid.

Loan :
Loan Facillity is available under this plan, after payment of premiums for at least 2 full years.

buy bima shree in delhi, gurgaon & Noida
buy bima shree in delhi, gurgaon & Noida

 

 

 

brouchure of bima shree table no 848
brouchure of bima shree table no 848
lic bima shree table no 848
lic bima shree table no 848
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LIC Data Sheet for TPA Medical Cases
Posted by:V.K. sharma, January - 02 - 2018

LIC Data Sheet for TPA Medical Cases

LIC Data Sheet for TPA Medical Cases
LIC Data Sheet for TPA Medical Cases

LIC Data Sheet for TPA Medical Cases is a must for the proposer when going for medical. Please note that LIC Data Sheet for TPA Medical Cases must be attested by the branch officials and full details of the medical to be done should be mentioned in LIC Data Sheet for TPA Medical Cases.

 

 

To Buy a new LIC policy you can register with us by clicking on the link below:

LIC Data Sheet for TPA Medical Cases
LIC Data Sheet for TPA Medical Cases
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Buy LIC Jeevan Shiromani Plan 847
Posted by:V.K. sharma, December - 18 - 2017

Buy LIC Jeevan Shiromani Plan 847

   Non linked, with guaranteed addition, limited payment, moneyback plan, covering many critical diseases. With lot of volatility in Indian financial market, LIC OF INDIA has launched a special plan for HNI’s, & NRI’s, which will give guaranteed returns. There is no such plan available in entire insurance industry which can give returns as are given by this Plan. So anyone who wants guaranteed returns must buy LIC jeevan Shiromani Plan 847.

buy LIC jeevan shiromani plan in Gurugram & Delhi
buy LIC jeevan shiromani plan in Gurugram & Delhi

Why Jeevan Shiromani is for HNI’s & NRI’s?

Minimum sum assured for Jeevan Shiromani is Rs 1 crore and there after the insurance can be increased in the multiple of Rs 5 lac and after that there is no upper limit.

How LIC jeevan Shiromani is guaranteed return plan?

This plan offers the guaranteed addition. For the first 5 years, the guaranteed addition will be Rs.50 per Rs.1,000 Sum Assured.

From 6th year onward to till POLICY PREMIUM PAYING TERM, this plan offers the guaranteed addition of Rs.55 per Rs.1,000 Sum Assured.

that is Rs 5lac per annum will be added to the policy for first five years and from 6th years onward Rs5.5lac per annum(till the end of the premium paying term) will be added to this policy in the form of the bonus. Note: This bonus is highest among any plan in the entire insurance industry.

Features of LIC Jeevan shiromani Plan:

There are four different terms available in LIC Jeevan Shiromani Plan and with limited premium paying term (4 years less than the term of the plan).

  1. Term 20years with Premium Payment 16years
  2. Term 18years with Premium Payment 14years
  3. Term 16years with Premium Payment 12years
  4. Term 14years with Premium Payment 10years

Moneyback also called Survival Benefits are paid in this plan on alternate years starting from the end of the premium paying term to end of the term.

Example: For 20years Term premium paying term is 16years and the moneyback will be paid in

16th year = 45% of SA, 18th year = 45% of SA and rest( 10% of SA with guaranteed addition) in 20th yr

For 18years Term premium paying term is 14years and the moneyback will be paid in

14th year = 40% of SA, 16th year = 40% of SA and rest( 20% of SA with guaranteed addition) in 18th yr

For 16years Term premium paying term is 12years and the moneyback will be paid in

12th year = 35% of SA, 14th year = 35% of SA and rest( 30% of SA with guaranteed addition) in 16th yr

For 14years Term premium paying term is 10years and the moneyback will be paid in

10th year = 30% of SA, 12th year = 30% of SA and rest( 40% of SA with guaranteed addition) in 14th yr

Note: % of Moneyback is different in every term. 

 

buy LIC jeevan shiromani plan in Gurugram & Delhi
buy LIC jeevan shiromani plan in Gurugram & Delhi

Death Benefits of LIC Jeevan Shiromani Plan 847

There are two conditions to pay the death benefits under this plan and they are as below.

a) Death during the first 5 years of policy period

If death occurs during the first 5 years of the policy period, then the benefit is as below.

Sum Assured on death+Guaranteed Addition at Rs.50 per Rs.1,000 Sum Assured.

b) Death from 6th year to policy maturity date

Sum Assured on death+Guaranteed Addition (for first 5 years Guaranteed Addition will be at Rs.50 per Rs.1,000 Sum Assured and from 6th year onward it will be Rs.55 per Rs.1,000 Sum Assured)+Loyalty Addition.

 

Maturity benefits of LIC Jeevan Shiromani Plan 847

If policyholder survives up to the policy period, then he will receive the below benefits.

  • For 14 Yrs Policy-40% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition. As 60% of Basic Sum Assured is already paid in two equal money back installments in 10th Yr & 12th Yr each of 30-30%.
  • For 16 Yrs Policy-30% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition.As 70% of Basic Sum Assured is already paid in two equal money back installments in 12th Yr & 14th Yr each of 35-35%.
  • For 18 Yrs Policy-20% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition. As 80% of Basic Sum Assured is already paid in two equal money back installments in 14th Yr & 16th Yr each of 40-40%.
  • For 20 Yrs Policy-10% of Basic Sum Assured+Guaranteed Addition+Loyalty Addition.As 90% of Basic Sum Assured is already paid in two equal money back installments in 16th Yr & 18th Yr each of 45-45%.

 

Inbuilt Critical Illness Benefits of LIC Jeevan Shiromani Plan 847

LIC Jeevan Shiromani is a special plan which provides critical illness rider free of cost or one can say a compulsory part of this plan.

On the first diagnosis of any one of the 15 Critical Illness as specified below, and also if the policy is in force, then the following benefits will be provided.

  1. Cancer of specified severity
  2. Open chest CABG
  3. Myocardial infarction
  4. Kidney failure requiring regular dialysis
  5. Major organ/bone marrow transplant (as recipient)
  6. Stroke resulting in permanent symptoms
  7. Permanent paralysis of limbs
  8. Multiple sclerosis with persisting symptoms
  9. Aortic Surgery
  10. Primary (idiopathic) pulmonary hypertension
  11. Alzheimer’s disease/dementia
  12. Blindness
  13. Third-degree burns
  14. Open heart replacement or repair of heart valves
  15. Benign brain tumor

If the policyholder is diagnosed with any of the above-said illnesses, then LIC will give him the following below mentioned benefits.

a) Lump Sum Benefit:

Inbuilt critical illness benefits equal to 10% of Basic Sum Assured will be payable subject to the following.

  • This benefit will be payable after LIC satisfied with the reports with specific deferment period (in respect to specific diseases). The benefit will be payable only once during the policy period.
  • A Survival period of 30 days is applicable from the date of diagnosis of critical illness. If death occurs during the 30 days period, then no critical illness benefit will be payable.
  • A waiting period of 90 days will apply from the date of commencement of risk or date of revival of risk (whichever is later).  However, such waiting period is not applicable for accidental cases.

b) Option to defer the payment of premiums if there is a critical illness claim:-

If LIC accepted the critical illness claim, then you no need to pay the premiums for the next two years. LIC will not charge any interest on such delayed payment. However, if there is a survival benefit dues to be payable to policyholder during this 2 years period, then LIC will pay the survival benefit by DEDUCTING the premiums due.

c) Medical Second Opinion:

Under this benefit, the policyholder has an option to take the second opinion from the LIC impaneled healthcare providers or through reputed hospitals in India based on the arrangement made by LIC.

Do remember that this facility is available only once during the policy period, for which you no need to pay the cost. The policyholder can take this second opinion immediately after informing LIC about the illness (without bothering about whether his critical illness benefit will be accepted or not).

However, such second opinion not involves any test. If you do the test, then you have to bear the cost of that.

Also, such second opinion is purely based on the facilities and recommendations LIC provide.

 

How LIC Jeevan Shiromani works conceptually, explained below with the help of an example for a Sum Assured of Rs 1 crore on the age of Mr. X aged 30yrs.

 

buy LIC jeevan shiromani plan 847 in Gurugram & Delhi
buy LIC jeevan shiromani plan 847 in Gurugram & Delhi

 

How LIC Jeevan Shiromani works, explained below with the help of an example for a Sum Assured of Rs 1 crore on the age of Mr. X aged 30yrs.

buy LIC jeevan shiromani plan in Gurugram & Delhi
buy LIC jeevan shiromani plan in Gurugram & Delhi

 

To buy LIC Jeevan Shiromani Plan 847, Please call us at 9716 836 836 Or

buy LIC jeevan shiromani plan in Gurugram & Delhi
buy LIC jeevan shiromani plan 847 in Gurugram & Delhi

 

 

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Guaranteed Maturity in Jeevan Shikhar
Posted by:V.K. sharma, March - 15 - 2016

The Jeevan Shikar, one time, tax saving, life insurance policy is one of the best plan available in Indian financial market as far as guarantee of customer’s money is concerned.

There are many financial instrument are available in Indian financial market like FD, ULIP, GOLD, Mutual Funds, ELSS, Stocks etc. Many of them claim to give you good interest rates but there is only one financial instrument which is telling you the maturity amount at the time of investment. It is giving many benefits other than good returns like

  1. Good Risk Cover- The customer gets risk cover for next 15yrs by doing a single investment in LIC. This risk cover will be ten times of the premium paid.
  2. Tax Free Maturity-There is no financial instrument avaiable in the Indian financial market which can help people to save their taxed on maturity. But LIC JEEVAN SHIKHAR provides tax free maturity.
  3. Safe- The investment in LIC JEEVAN SHIKHAR is 100% safe. The money invested in this plan will be invested by LIC only in debt market, hence no risk of returns.

Note: This policy is closing on 31st March 2016. Only few days left. Act Now!

LIC JEEVAN SHIKHAR
LIC JEEVAN SHIKHAR

 

Click here to know more about LIC JEEVAN SHIKHAR

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Better Than Fixed Deposit
Posted by:V.K. sharma,

LIC JEEVAN SHIKHAR plan  (the best plan for tax free maturity ) is closing on 31st March 2016.  The Actual calculations shows that this plan is better than fixed deposit in banks. These days the rate of interest on fixed deposit in banks is 7.5% but for a tax payer or whose income is more than 10lakhs, LIC JEEVAN SHIKHAR is better than FD of the bank.

 

Example: Suppose Mr. Ram aged 35 is investing Rs 96,184 in bank for a term of 15yrs at the rate of 7.5% . If Mr Ram is in 30% slab than for every investment he is doing in bank will attract 30% tax that means the net rate of interest for him will be 7.5% minus 30% of 7.5% that is 7.5-2.25=5.25%. In this case his money will be doubled in 13.72yrs as per 5.25% rate of interest and with this rate of interest his money after 15years will be Rs 207,221.

 

But LIC JEEVAN SHIKHAR is giving you much more than this

  1. For an investment of Rs 96,184 the customer will get Rs 2,40,000 (Rs 2,20,000 MSA +20,000 LA) after 15yrs which is definitely more than bank FD.
  2. In Bank the customer is getting just interest but in LIC he is getting life insurance that too ten times of the premium paid that is in this case Rs9,61,840 which is absolutely free..
  3. If you buy a term plan of Rs 9,61,840 for a tenure of 15yrs at the age of 35 then the annual premium will be Rs 2000 for the term plan. That is customer saves Rs 30,000 for the term plan. Which is free in this plan.
  4. If you consider the cost of insurance than net investment of the customer will be Rs 96,184-30,000=Rs66,184 and the returns of Rs 2,40,000 on this investment is better than any investment in Indian market available today.

 

LIC JEEVAN SHIKHAR
LIC JEEVAN SHIKHAR

 

Click here to know more about LIC JEEVAN SHIKHAR

 

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LIC JEEVAN SHIKHAR

(Single Premium, Guaranteed, Tax Free Maturity, 10 times insurance Cover, Better than long term FD, Best for Tax Paying People)

Jeevan Shikhar is a guaranteed, 100% safe (No Share Market Risk) fix term, tax free policy. It is available only till 31st March 2016.

There are many people in India who are in 30% tax bracket and they are looking for a plan which can help them to save their tax U/S 80C and also which can provide them a tax free maturity. Jeevan Shikhar is specially design for those kind of people.

Note: Insurance cover in this plan is a feature which is not just securing their family financially but also provide them tax free maturity.

As per IRDA , policies with insurance cover more than or equal to ten times of premium are exempted from tax while paying the premium and while taking the maturity.

LIC JEEVAN SHIKHAR
LIC JEEVAN SHIKHAR

This plan also takes care of liquidity need through its loan facility.

BENEFITS:

Death Benefit: On death during first five policy years: Before the date of commencement of risk: Refund of Single Premium without interest.

After the date of commencement of risk: “Sum Assured on Death” equal to 10 times the tabular single premium shall be payable.

On death after completion of five policy years but before the stipulated Date of Maturity:

“Sum Assured on Death “equal to 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

Maturity Benefit: On maturity, the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

  1. Minimum Entry Age                                      : 6 years (completed)
  2. Maximum Entry Age                                     : 45 years (nearer birthday)
  3. Sum Assured on Death                                : 10 times of tabular single  premium
  4. Minimum Maturity Sum Assured                   : Rs. 100,000/-
  5. Maximum Maturity Sum Assured                  : No Limit

(Maturity Sum Assured shall be in multiple of Rs. 20,000/- only.)

  1. Policy Term                                                  :15 years
  2. Premium payment mode                             : Single premium only

 

LIC JEEVAN SHIKHAR
LIC JEEVAN SHIKHAR

Loan:

Loan facility shall be available under the plan at any time during the policy term after. 3 months from the date of acceptance of risk or after expiry of the free-look period, whichever is later. Depending on the age at entry, the maximum loan that can be granted as a percentage of surrender value for different policy terms are as under:

Policy year Maximum Loan Amount as a % of surrender value for age at entry <=35 Maximum Loan Amount as a % of surrender value for age at entry >35 years.
*3 month to 3rd 55% 35%
4th   to 6th 65% 50%
7th   to 9th 75% 70%
10th   to 12th 80% 80%
13th to 15th 85% 85%

*3 month means loan can be availed after three months from Date of acceptance of risk or after expiry of the Free-look period, whichever is later.

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buy jeevan shikhar
buy lic JEEVAN SHIKHAR
buy lic JEEVAN SHIKHAR

 

Jeevan Shikhar lic
Jeevan Shikhar lic
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LIC POLICY FOR GIRL CHILD
Posted by:V.K. sharma, November - 02 - 2015

LIC POLICY FOR GIRL CHILD 

Girls are gift of god. In earlier times, people used to expect a boy child over a girl child. They used believe that a boy will serve them throughout their lives. But over a period of time this thought is changing, now in every sector girls are proving themselves better than boys. Even government is coming with new schemes so that people treat girls and boys equally. And studies proved that girls are better than boys in every field.

LIC OF INDIA has a launched a new LIC Policy for girl child, which provides full security to girl child education from Kindergarten to Post Graduation.

LIC POLICY FOR GIRL CHILD
LIC POLICY FOR GIRL CHILD

Normally the best and the safest investment from safety point of view is RD regular deposit in bank, In any situation the money will be safe though the returns are small.

LIC also brought a plan “Jeevan Lakshya Plan for girls” which is totally risk free. All investment in this plan goes into the debt market. “Means whatever you will invest in this plan that is 100% safe and secure“.

Lic Policy for girl child

In this plan the maturity is “GUARANTEED“. If you are there then you have to make the payments till the end of the term and then the maturity will be given to you which you can use for the well fare of your girl child and in case due to any mis happening with you if you are not around even then LIC of India will definitely give maturity to your GIRL CHILD at the end of the term of the policy without taking any premium from the family of the girl child. that is premium will be waived for this policy so that girl should not be a burden for the family.

Due to above GUARANTEED maturity feature this plan is also called “SECURE MARRIAGE PLAN for girls”

Lic Policy for girl child

Guaranteed Educational benefits: If you as parents are around then you will try to provide you the best education from kindergarten to post graduation to your “GIRL CHILD”
but in your absence LIC will provide a lump sum amount every year to the GIRL CHILD so that she can continue her education in the same manner.

Due to this above feature this plan is also called “GUARANTEED EDUCATION plan for GIRL CHILD.

LIC POLICY FOR GIRL CHILD
LIC POLICY FOR GIRL CHILD

 

 

LIC POLICY FOR GIRL CHILD
LIC POLICY FOR GIRL CHILD
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