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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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Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
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Jeevan Labh
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Cancer Cover
Jeevan Arogya
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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. 827
It’s a regular premium paying
Non-linked with profits, Endowment Assurance Plan
This plan shall be
available to standard lives only under non-medical limit
and the total sum assured under all the policies issued to an individual under this plan shall not exceed Rs. 2 lacs.
Benefits :
Benefits payable on death:
On death of the Life Assured during the policy term “
Sum Assured on death
“ shall be payable, which is the highest of
Basic Sum Assured or
10 times of annualized premium; or
105 % of all the premiums paid as on date of death
Benefits payable on Maturity :
On Survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any, shall be payable.
Participation in profits :
Provided the policy is in full force, then depending upon the corporation’s experience the policies under this plan will be eligible for Loyalty Addition. The Loyalty Addition if any, is payable at such rate and on such terms as may be declared by the corporation on death after completion of 5th policy year or on policyholder surviving to the maturity.
Eligibility Criteria
Min
Max.
Age
5
55
Term
10
20
Sum
75,000
200,000
Premium Modes
Yearly, Half Yearly, Quarterly, & Monthly
Yearly Premium For 200000 Sum Assured
Age
10 Years
15 Years
20 Years
8
16536
9833
6589
15
16576
9872
6638
20
16605
9902
6668
25
16615
9921
6687
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