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LIC 8% Scenario
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LIC 4% Scenario
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Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
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Understand Life Insurance
Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
Aadhaar Stumb
Jeevan Labh
Aadhaar Shila
Jeevan Lakshya
Single Payment Endowment
Bima Jyoti
Amritbaal
Jeevan Tarun
Jeevan Lakshya
New Children’s Money Back Plan
Jeevan Utsav
Jeevan Umang
New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Kiran
Jeevan Amar
Dhan Rekha
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Index Plus
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
Plan No. 838
Jeevan Pragati is a regular premium payment Endowment Insurance Non Linked With Profit Plan.
This plan is available with an optional rider to provide better protection to policyholder
Best suited for the person aged between 12 years to 45 years.
Maturity Benefit - At the end of policy term policyholder will get Basic Sum Assured with Total vested reversionary bonus and Final Additional Bonus (as applicable)
Its biggest advantage over and above the all other available life insurance products in market is
INCREASING DEATH SUM ASSURED.
Up to 15 year term natural death sum assured will be increased by 25% to 50% In interval of every 5 years.
Loan Facility - Allowed (After 3 Full years premium payment) will be 90% of Surrender value for inforce policies and 80% for paid-up policies.
Tax Benefits- Policy holder can avail income tax benefit u/s 80C of I.T. Act for the premiums paid and all maturity proceeds will be Tax free u/s 10(10D) of I.T. Act.
Eligibility Criteria
Min.
Max.
Age
12
45
Term
12
20
Sum
1,50,000
No Limit
Modes
Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)
Yearly Premium For 1000000 Sum Assured
Age
14
16
18
15
70123
60764
52679
20
70270
60960
52875
30
70711
61548
53659
40
72671
64047
56746
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