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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Table No. 833 : LIC JEEVAN LAKSHYA
Posted by:V.K. sharma, March - 07 - 2015

LIC JEEVAN LAKSHYA

(Table No.833)

LIC’s Best Plan Ever for Child & Family

LIC Jeevan Lakshya is a limited premium paying, conventional With-Profits, Endowment Assurance plan. This plan provides for Annual Income benefit that may help to fulfill the needs of the family. Primarily the annual income benefit is for the education of the children, in case of unfortunate death of Policyholder any time before maturity, a lump sum amount at the time of maturity will be given to the nominee (Child) independent of survival of the Policyholder.

LIC Jeevan Lakshya
LIC Jeevan Lakshya

Benefits:
The benefits payable under an inforce policy are as under:

1. ) Maturity Benefit: On survival to the end of the policy term provided all due premiums have been paid, “Sum Assured on Maturity” along with vested Simple Reversionary bonuses and Final Additional bonus, shall be payable. Where Sum Assured on Maturity is equal to Basic Sum Assured.

2.) In case of death of the life assured in LIC’s Jeevan Lakshya, future premium will be waived, an annual income benefit equal to 10% of the sum assured (Also called educational benefit for the child) & maturity equal to 110% of point 1 above will also be given.

ELIGIBILITY CONDITIONS AND RESTRICTIONS for LIC’s Jeevan Lakshya:

For Basic Plan:

1)    Minimum Age at entry for Life Assured  : 18 years (last birthday)

2)    Maximum Age at entry for Life Assured : 50 years (nearer birthday)

3)    Maximum Maturity Age                          : 65 years (nearer birthday)

4)    Policy Term                                             : 13 to 25 years

5)    Premium paying Term                             : (Policy Term – 3) years

6)    Minimum Basic Sum Assured                : Rs. 1,00,000/-

7)    Maximum Basic Sum Assured               : No Limit

MODE OF PREMIUM PAYMENT in LIC’s Jeevan Lakshya: The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS only or through salary deductions)

LIC Jeevan Lakshya

 

REBATES:

The rebates for basic plan are as under:

Mode Rebate:

Yearly mode                                 : 2% of tabular premium

Half-yearly mode                         : 1% of tabular premium

Quarterly and monthly mode        : NIL

High Basic Sum Assured Rebate:

Basic Sum Assured                            Rebate (in Rs.)

1,00,000 to 1,90,000               –           Nil

2,00,000 to 4,90,000               –           2%o Basic Sum Assured

5,00,000 to and above            –           3%o Basic Sum Assured

LOAN:

Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to following conditions:

a)    The maximum loan that can be granted as a percentage of surrender value are as under:

For inforce policies – 90%

For paid-up policies – 80%

However, the above percentages may vary from time to time.

LIC Jeevan Lakshya

GRACE PERIOD FOR PAYMENT OF PREMIUM: A grace period of one calendar month but not less than 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly mode of premium payment.

 

LIC Jeevan Lakshya
LIC Jeevan Lakshya

 

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Table No. 832 : New Children Money Back Plan
Posted by:V.K. sharma, March - 04 - 2015

LIC’s NEW CHILDREN MONEY BACK PLAN

(Plan No.832)

 

LIC’s New Children Money Back Plan is a non-linked, with-profits, regular premium
payment money back plan. It provides for the risk cover on the life of child (that is child will be the life assured in this plan). During the policy term, the of survival benefits equal to 20% of sum assured will be payable on surviving to the end of the specified duration.

New Children Money back Plan
New Children Money back Plan

Benefits:
The benefits payable under an inforce policy are as under:

1. ) Maturity Benefit: On the Life assured surviving the stipulated date of maturity, Sum
Assured on Maturity (which is 40% of the Basic Sum Assured) along with vested Simple
Reversionary Bonuses and Final Additional Bonus.

2. ) Survival Benefit : On the Life Assured surviving on each policy anniversary coinciding with or immediately following the completion of ages 18 years, 20 years and 22 years of Life Assured, 20% of the Basic Sum Assured on each occasion shall be payable provided the policy is in full force.

New Children Money back Plan

3.) LIC’s Premium Waiver Benefit Rider : LIC’s Premium Waiver Benefit Rider is available on payment of additional premium.

4.) Death Benefit: On death Before the Date of Commencement of Risk: An amount equal to the total amount of premium/s paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk: Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus.

New Children Money back Plan

Mode of Premium Payment : The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly [ECS only or through salary deductions (SSS)].

Loan: Loan facility is available under New Children Money back plan after the payment of premiums for at least three full years . After obtaining the declaration from the proposer to the effect that loan is raised for the benefit of the minor life assured.

Rebates:

Mode Rebate:
Yearly mode : 2% of tabular premium
Half-yearly mode : 1% of tabular premium
Quarterly and monthly : NIL
High Sum Assured Rebate:

Basic Sum Assured Rebate (Rs.)
1,00,000 to 1,90,000            Nil
2,00,000 to 4,90,000           Rs 2 per thousand Basic Sum Assured
5,00,000 and above            Rs 3 per thousand Basic Sum Assured

New Children Money back Plan

 Eligibility Conditions and Restrictions:

Basic Sum Assured Rebate (Rs.)
Minimum Age at entry for Life Assured (LBD)            0 years
Maximum Age at entry for Life Assured (LBD)           12 Years

Policy Term                                                                       (25-Age Entry) Yrs

maturity Age                                                                      25 Years

Minimum Sum Assured                                                   Rs 1 Lac

New Children Money back Plan
New Children Money back Plan
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How to join LIC as Agent in Delhi & Gurgaon ?
Posted by:V.K. sharma, December - 16 - 2014

                 

Call 99100-39879 Now to Join LIC as an Advisor in Delhi NCR

LIC  एजेंट बनने का तरीका एवं  फायदे

http://lichelpline.com/blog/2014/06/03/how-to-be-an-lic-agent/

यह एक नौकरी नहीं है बल्कि एक बिज़नेस है , यह आप पार्ट टाइम या फुल टाइम में भी कर सकते हैं आप इसे अपनी चालू नौकरी के साथ भी कर सकते हैं , इसमें समय की कोई पाबन्दी नहीं होती ,आप इसमें किसी भी नौकरी या बिज़नेस से ज्यादा पैसा कमा सकते हैं

Call 99100-39879 Now to Join LIC as an Advisor in Delhi NCR

                  http://lichelpline.com/blog/tag/be-an-lic-agent-in-gurgaon/

इसकी सबसे अच्छी बात है अगर आप कम से कम बारवीं पास है तो आप इस काम को कर सकते हैं.  कमा सकते है लाखों या करोडो जो कोई बड़ा बिज़नेस मैन या ऊचें ओहदे पर बैठा आदमी कमाता है

                 http://lichelpline.com/blog/tag/be-an-lic-agent-in-gurgaon/

          Call 99100-39879 Now to Join LIC as an Advisor in Delhi NCR

http://lichelpline.com/blog/2014/06/03/how-to-be-an-lic-agent/

                                                 दिल्ली एवं गुडगाँव में एजेंट बनने के लिए संपर्क करें

                                                     श्री विनय कुमार शर्मा

                                                      विकास अधिकारी

                                                       शाखा 11A एवं  122

                                                      99100-39879, 9716-836-836

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LIC’s LIMITED PREMIUM ENDOWMENT PLAN (Plan No. 830)
Posted by:V.K. sharma, December - 06 - 2014

This is a limited premium paying conventional With-Profits Endowment Assurance plan. The benefits and other details of the plan are given below.

BENEFITS:

The benefits payable under an inforce policy are as under:

a)    Benefits payable on death:

On death of the Life Assured during the policy term, the Death Benefit, defined as sum of  “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.

Where “Sum Assured on Death” is defined as the higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. 125% of the Basic Sum Assured.

This death benefit shall not be less than 105% of all the premiums paid as on date of death.

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Call for expert advice

b)    Benefits payable on maturity:

On survival to the end of the policy term, “Sum Assured on Maturity” along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable. Where Sum Assured on Maturity is equal to Basic Sum Assured.

c)  Participation in Profits:

Depending upon the Corporation’s experience the policies shall participate in the profits and shall be eligible for simple reversionary bonus at such rate and on such terms as may be declared by the Corporation.

Final Additional Bonus may also be declared under the policy which will be payable on the expiry of the policy term or on earlier death, provided the policy has run for certain minimum term.

ELIGIBILITY CONDITIONS AND RESTRICTIONS:

For Basic Plan:

1)    Minimum Age at entry for Life Assured  : 18 years (completed)

2)    Maximum Age at entry for Life Assured :

Maximum Age at entry

   Term           (in Years)   PPT = 8 years PPT = 9 years

12

57

62

16

59

59

21

54

54

3)    Policy Term                                   : [12,16 and 21] years

4)    Premium paying Term                   : [8 and 9] years

5)    Minimum Basic Sum Assured       : Rs. 3,00,000/-

6)    Maximum Basic Sum Assured      : No Limit

The Basic Sum Assured shall be in multiples of Rs. 10000/- only.

 

Age at entry for the Policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 18 years

 MODE OF PREMIUM PAYMENT:

The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS only or through salary deductions).

REBATES:

The rebates for basic plan are as under:

 Mode Rebate:

Mode                                             Percentage

Yearly mode                                 : 2% of tabular premium

Half-yearly mode                         : 1% of tabular premium

Quarterly and monthly mode        : NIL

 

High Basic Sum Assured Rebate:

Basic Sum Assured (B.S.A)         Rebate per Rs.1000 B.S.A

3,00,000 to 4,90,000                     : Nil

5,00,000 to 9,90,000                     : 0.50 ‰  B.S.A

10,00,000 and above                    : 0.75 ‰  B.S.A

 Click here to download the Ready reckoner of Table no. 830

” ” ” Ready Reckoner 830″ ” “

 

” ” ” Presentation for Table No. 830 ” ” “

 

 

 

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Varistha Pension Bima Yojna : Jeevan Rakshak: Table No. 827
Posted by:V.K. sharma, August - 12 - 2014
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How to be an LIC AGENT ?
Posted by:V.K. sharma, June - 03 - 2014

LIC OF INDIA is the biggest and govt. life insurance organization in India. Already more than 14,00,000 people are associated with LIC as LIC AGENTS. Many are earning in SIX FIGURES by just giving 2-3 hours a day.

To know more click here

Benefits of becoming LIC AGENT
1. Handsome Commission
2. Renewal & Hereditary Regular Income
3. Gratuity
4. Computer advance

To know more click here

5. Festival Advance
6. Foreign Trips
7. Regular Awards / Competitions
8. Office maintenance Allowance

To know more click here

9. Car Advance
10. E-support
11. Best Software for plan presentation
and much more

To know more click here

Contact : Mr. Vinay Kumar Sharma,
Development Officer, LIC OF INDIA,
Ph: 99100-39879, 9716-836-836

 

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Table no. 823 : Amulya Jeevan 2 : LIC’s Amulya Jeevan -2
Posted by:V.K. sharma, February - 03 - 2014

 

Table no. 823

Amulya Jeevan -2

Amulya Jeevan is a regular premium paying conventional WITHOUT profit pure protection plan

 

Eligibility Conditions And Restrictions:

1) Minimum Age at entry for Life Assured    : 18 years (completed)

2) Maximum Age at entry for Life Assured    : 60 years (nearest birthday)

3) Minimum Policy Term                                : 5 years

4) Maximum Policy Term                               : 35 years

5) Premium payment mode                           : Yearly, Half-yearly

6) Minimum Sum Assured                             : Rs 25,00,000/-

7) Maximum Sum Assured                            : No Limit

 

The Sum Assured shall be in multiple of Rs 1,00,000/-

 

Benefits:

Maturity Benefit – On Survival to the end of the policy term, no benefits shall be payable.

Death Benefit – On death of Life Assured during the term of the policy, Sum Assured will be payable.

 

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Grace Period:

Grace period of one calendar month but not less than 30 days will be allowed.

 

Additional Premium :

2% of the tabular annual premium will be payable for HALF YEARLY mode.

 

Higher Sum Assured: No Higher Sum assured rebate

 

Paid Up Value:  NIL

 

Surrender Value : NIL

 

Loan : Not allowed

 

Back Dating Interest:

Back dating allowed but no interest will be charged for back dating.

 

Assignment and Nomination is allowed as per normal rules.

Suggested and Must reading while studying Term Plans from LIC like Table no. 822 and 823.

Why Term Plan from LIC?

Why LIC?

LIC : A place in everyone life

LIC hai to kahin aur kyon jana.

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