1000+ Satisfied

& Happy Client

Number #1

Recruitment Officer  Nashik

Leading Provider

Of Insurence Solutions

  • Jeevan Prakash, Gadkari Chowk, Nashik
  • +91 7588518800

1000+ Satisfied

& Happy Client

Number #1

Recruitment Officer  Nashik

Leading Provider

Of Insurence Solutions

Information

Our Range Of Products

New Jeevan Anand is a With Profits Assurance Plan
It’s a non linked plan which offers an attractive combination of Protection + Savings.

Maturity Benefit :

Basic sum assured + Vested Simple Reversionary Bonuses + Final Additional Bonuses.

During the policy :
“Sum Assured on Death” + Vested Simple Reversionary Bonuses + Final Additional Bonuses.

After expiry of policy term :
Basic Sum Assured.

Loan :
Available after payment of 3 full years premiums.

LIC’s New Jeevan Nidhi is a conventional with profits pension plan.

Life Cover :
Death during first five policy years :
Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee/ legal heir at the then prevailing immediate annuity rates.

Death after first five policy years :
Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition, Vested Simple Reversionary Bonuses and Final Additional Bonus, if any,shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee/legal heir at the then prevailing immediate annuity rates.

Benefit on vesting :
Provided the policy is in full force, on vesting, an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, Vested Simple Reversionary Bonuses And final Additional Bonus,if any shall be made available to the Life Assured.

Option available to Life Assured for utilization of the benefit amount :
The following options shall be available to the Life Assured for utilization of the benefit amount on vesting/ surrender.

To purchase an immediate Annuity :
The Life Assured shall have a choice to commute the amount available on vesting/ surrender to the extent allowed under Income Tax Act. The entire amount available on vesting/ surrender or the balance amount after communication, as the case may be, shall be utilized to purchase immediate annuity at the then prevailing annuity rates. Communication shall only be allowed provided the balance amount is insufficient to purchase a minimum amount of annuity as per the provisions of section 4 of Insurance Act, 1938.

In case the total benefit amount is sufficient to purchase the minimum amount of annuity, then the said amount shall be paid as a lump sum to the Life Assured.

To purchase a new single premium deferred pension product from LIC :
Under this option the entire proceeds available on vesting/ surrender shall be utilized to purchase a new single premium deferred pension product provided the policy holder satisfies the eligibility criteria for purchasing single premium deferred pension product.

The Life Assured will have to intimate his/her intention on to go for a particular option available on the date of vesting at least six months prior to the date of vesting or at the time of surrender.

A conventional with profits Endowment Assurance Plan

Maturity Benefit :

Basic Sum Assured along with Vested Simple Reversionary Bonuses and final Additional Bonus.

Death Benefits :
Sum Assured on death along with Vested Simple Reversionary Bonuses and final Additional Bonuses.The death benefit as defined above shall not be less than 105% of total premium paid as on the date of death.

Optional Rider :
Accidental Death & Disability Rider by payment of additional premium.

Loan :
facility is available, after payment of premiums for at least 3 full years.

LIC’s New Money Back Plan 20 years is a non-linked with profit limited premium payment plan

Maturity Benefit :

LIC’s New Money Back Plan 20 years is a non-linked with profit limited premium payment plan.

Death Benefit :
Sum Assured on death along with vested Simple Reversionary Bonuses and Final Additional Bonus, if anyThe death benefit as defined above shall not be less than 105% of total premiums paid as on the date of death.

Survival Benefits :
In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.

Optional Benefit :
Accidental Death & Disability Benefit Rider

Loan
: Available after payment of 3 full years premiums.

A non linked with profits limited premium payment plan

Maturity Benefit :
40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any

Death Benefit :
Sum Assured on death along with Vested Simple Reversionary Bonuses and final Additional Bonus, if any.The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date death.

Survival Benefits :
Survival Benefits: In case of Life Assured surviving to the end of the specified durations 15% of the Basic Sum Assured at the end of each of 5th, 10th, 15th & 20th policy year.

Optional Benefit :
Accidental Death & Disability Benefit Rider

Loan :
Available after payment of 3 full years premiums.

Single Premium with Profit Endowment Plan

Maturity Benefit :
Sum Assured + Simple Reversionary Bonus + Final Additional Bonus

Guaranteed Surrender Value :
1st Year : 70% of Single Premium excluding taxes and extra premium.90 % of Single Premium excluding taxes and extra premium

Special Surrender Value :
Discounted Value of sum assured and vested Simple Reversionary bonuses.

Loan :
Available after completion of one year.

Convenience : One time investment – Single Premium Plan

Maturity Benefit :

Single premium paid along with Loyalty Addition Less Taxes and Extra Premium.

Death Claim Benefit :
First 5 years : Sum Assured shall be payable

After Completion of 5 years:
Sum Assured And Loyalty Additions, if any shall be payable.

Liquidity :
Loan facility available after completion of 1 policy year.

Jeevan Arogya is a unique non-participating non-linked plan
It gives valuable financial protection in case of hospitalisation, surgery etc
Increasing Health cover every year
Lump sum benefit irrespective of actual medical costs
No claim benefit
Flexible benefit limit to choose from
Flexible premium payment options

Benefits offered under the plan are :

  • Hospital cash benefit (HCB)
  • Major Surgical Benefit (MSB)
  • Day Care Procedure Benefit
  • Other Surgical Benefit
  • Ambulance Benefit
  • Premium waiver Benefit (PWB)
                                                                           Eligibility Criteria
Min Max.
Age 18 50
Maximum Cover Ceasing Age 60 years
Term 35 years
Premium Modes Yearly, Half Yearly

It’s a regular premium paying conventional without profit pure protection plan

A protection plan which provides financial protection to the insured family in case of his / her unfortunate demise.

Death Benefit :
In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable

Maturity Benefit :

On survival to the end of policy term, nothing shall be payable.

It’s a regular premium paying conventional without profit pure protection plan

A protection plan which provides financial protection to the insured family in case of his / her unfortunate demise.

Death Benefit :
In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

Maturity Benefit :
On survival to the end of policy term, nothing shall be payable.

Top