• Money Back 25Year(821)
• Product Summary : This is a limited premium payment, non-linked, with profits Money Back Plan.
• Mode : Yearly, Halfly, Quarterly, Monthly(ECS)
• Term : 25 Year
• P.P.T : 20 Year
• Minimum Entry Age : 45 Year (Nearest Birthday)
• Maximum Maturity Age : 70 Year
• Minimum Sum Assured : 1,00,000
• Maximum Sum Assured : : NO LIMIT (Depending upon Income)
• Maximum Accidental Death and Disability Benefit Rider up to age : 70 years
• On Death : Sum Assured on Death + Vested Bonus + FAB if any. Sum Assured on Death = Higher of 125% of Basic SA or 10 times of annualized Premium. Death Benefit shall not be less than 105% of total premiums paid as on date of death. The premiums exclude taxes, extra premium and rider premiums.
• On Survival : 15% of Basic SA is payable after 5th, 10th, 15th & 20th year of policy. Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.
• Surrendered Value : The policy can be surrendered for cash provided atleast three full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax)excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered
• Loan : Available after payment of premium of 3 full years.
• Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D).
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• Product Summary : LIC Bima Bachat (816) Plan is a single premium, non-linked, with profits Money Back type Plan.
• Mode : Single Premium
• Term : 9 Year 12 Year 15 Year
• P.P.T :
• Minimum Entry Age : 15 Year Completed
• Maximum Entry Age : : Term 9yr then 66yr (Nearest Birthday) Term 12yr then 63yr (Nearest Birthday) Term 15yr then 60yr (Nearest Birthday)
• Maximum Maturity Age : 75 Year
• Minimum Sum Assured : Term 9yr then 35,000 Term 12yr then 50,000 Term 15yr then 70,000
• Maximum Sum Assured : NO LIMIT (Depending upon Income)
• On Death : During 1st five years policy years : Sum Assured only. After completion of five policy years : Sum Assured + Loyalty Addition, if any.
• On Survival : For Policy Term of 9 years : 15% of SA, after 3rd & 6th policy year. For Policy Term of 12 years : 15% of SA, after 3rd ,6th & 9th policy year. For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th & 12th policy year.
• At Maturity Time : Single Premium Paid + Loyalty Additions, if any.
• Surrendered Value : The policy can be surrendered at any time during the policy term subject to realization of the premium cheque. Guaranteed Surrender Value : First year: 70% of the Single Premium excluding taxes and extra premium,if any. Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.
• Loan : Loan facility is available under this plan at any time after completion of one policy year.
• Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c.
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• Product Summary : LIC's Jeevan Tarun Plan is non-linked, with-profits, Limited premium payment plan specially designed to meet the educational and other needs of growing children.
• Mode : Yearly, Halfly, Quarterly, Monthly(ECS)
• Term : 25 Age at Maturity Time [25-Age at entry]Years
• P.P.T. [20-Age at entry]Years
• Minimum Entry Age : 0 Year Last Birthday
• Maximum Entry Age : 12 Year Last Birthday
• Maximum Maturity Age :
• Minimum Sum Assured : 75,000
• Maximum Sum Assured : NO LIMIT (Depending upon Income)
• On Death : 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, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. 125% of Sum Assured This death benefit shall not be less than 105% of the total premiums paid as on date of death.
• On Survival : Option is chosen at proposal stage. Option-1: No Survival,Maturity Benifit 100% S.A. Option-2: 5% S.A. every year For 5 Years from age 20 to 24,Maturity Benifit 75% S.A. Option-3: 10% S.A. every year For 5 Years from age 20 to 24,Maturity Benifit 50% S.A. Option-4: 15% S.A. every year For 5 Years from age 20 to 24,Maturity Benifit 25% S.A.
• Surrendered Value : The policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.
• Loan : Loan facility is available under this plan after the payment of premiums for atleast three full years.
• Income Tax Benefit :• Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D). .
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Product Summary : LIC’s New Children’s Money Back Plan is a non-linked, with-profits, regular premium payment money back plan

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

Term : 25 Age at Maturity Time

Minimum Entry Age : 0 Year Last Birthday

Maximum Entry Age : 12 Year Last Birthday

Minimum Sum Assured : 1,00,000

Maximum Sum Assured : NO LIMIT (Depending upon Income)

Policy Benefits :


On Death : 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, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :
If Policy in full force :
Completion Age 18YRS - 20% OF MSA
Completion Age 20YRS - 20% OF MSA
Completion Age 22YRS - 20% OF MSA
On Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FAB

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


Loan : Loan facility is available under this plan after the payment of premiums for atleast three full years.


Income Tax Benefit • Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

• Product Summary : LIC Single Premium Endowment Plan (817) is a single premium, non-linked, with profits Endowment Plan.
• Mode : Single Premium
• Term : 10 to 25 Years
• Minimum Entry Age : 90days Completed
• Maximum Entry Age : 65 Year (Nearest Birthday)
• Maximum Maturity Age : 65 Year (Nearest Birthday)
• Minimum Sum Assured : 50,000
• Maximum Sum Assured : : NO LIMIT (Depending upon Income)
• Maximum Accidental Death and Disability Benefit Rider up to age : 70 years
• On Death : On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.
• On Survival : On survival Sum Assured + Vested Bonus + FAB if any.
• Surrendered Value : The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
• Loan : Loan Facillity is available under this plan, after completion of one policy year.
• Income Tax Benefit : • u/s 80C up to 10% of SA.
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Product Summary : LIC Amulya Jeevan 2 plan number 823 is a regular premium paying conventional without profit pure protection plan.

Premium Payment Mode: Yearly, Halfly

Term : 5 to 35 Years

Minimum Entry Age : 18 Years (Completed)

Maximum Entry Age : 60 Years (Nearest Birthday)

Minimum Sum Assured : 25,00,000

Maximum Sum Assured : NO LIMIT

Policy Benefits :

On Death : On death of the Life Assured during the policy term Sum Assured shall be payable.

On Survival : On survival to the end of the policy term,no benefits shall be payable.

Surrendered Value : No surrender value will be available under this plan.

Loan : No loan will be granted under this plan.

Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c.

Product Summary : LIC Anmool Jeevan 2 plan number 822 is a regular premium paying conventional without profit pure protection plan.

Premium Payment Mode: Yearly, Halfly

Term : 5 to 25 Years

Minimum Entry Age : 18 Years (Completed)

Maximum Entry Age : 55 Years (Nearest Birthday)

Maximum Cover Ceasing Age : 65 Years (Nearest Birthday)

Minimum Sum Assured : 6,00,000

Maximum Sum Assured : 24,00,000

Policy Benefits :

On Death : On death of the Life Assured during the policy term Sum Assured shall be payable.

On Survival : On survival to the end of the policy term,no benefits shall be payable.

Surrendered Value : No surrender value will be available under this plan.

Loan : No loan will be granted under this plan.

Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c.

Product Summary : LIC New Jeevan Nidhi (818) Plan is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

Premium Payment Mode: Single Premium

Term : 5 to 35 Years

Minimum Entry Age : 20 Year Completed

Maximum Entry Age : 60 Year (Nearest Birthday)

Minimum Vesting Age : 55 Year

Maximum Vesting Age : 65 Year

Minimum Sum Assured : 1,50,000

Maximum Sum Assured : NO LIMIT (Depending upon Income)

Policy Benefits :

On Death : Death during first five policy year : Sum Assured + Guaranteed Addition

Death after first five policy year : Sum Assured + Guranteed Addition + Vested Bonus + FAB if any.

On Vesting : On Vesting Basic Sum Assured + Guaranteed Addition + Vested Bonus + FAB if any.

Option On Vesting : 1. Get 1/3rd amount as commutation and Buy Jeevan Akshay policy of Balance amount increased by 3%. 2. Buy Jeevan Akshay of Full vesting amount increased by 3%. 3. Buy Jeevan Nidhi Single Premium.

Surrendered Value : Single Premium : The Policy can be surrendered at any time during the deferment Period(term). Regular Premium : Term less than 10 : After atleast 2 full years premiums have been paid. Term 10 or More : After atleast 3 full years premiums have been paid.

Loan : No loan facility will be available under this plan.

Income Tax Benefit : • On Premiums : u/s 80C • Commutation Tax free : u/s 10(10A)iii • Death claim Tax free : u/s 10(10D) • Pension : Taxable.

Product Summary : LIC Jeevan Akshay VI (189) is an immediate annuity plan that can be bought by paying a lumpsum as Single Premium. Pension will start immediately after buying the policy.Various options are available for the type and mode of payment of annuities. But once chosen, it can not be changed.

Premium Payment Mode: Single Premium

Annuity Mode: • Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity

Minimum Entry Age : 30 Year Completed

Maximum Entry Age : 85 Year Completed

Minimum Sum Assured : • Rs.1,00,000/- for all distribution channels except online. • Rs.1,50,000/- for on line sale.

Maximum Sum Assured : NO LIMIT

Annuity Option : i) Annuity for life ii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter iii) Annuity for life with return of purchase price on death iv) Annuity for life increasing at a simple rate of 3% p.a. v) Annuity for life with a provision for 50% of the annuity to the spouse of the annuitant for life on death of the annuitant. vi) Annuity for life with a provision for 100% of the annuity to the spouse of the annuitant for life on death of the annuitant. vii) Annuity for life with a provision of 100% of the annuity payable to spouse during his/her life time on death of annuitant with return of purchase price on the death of last survivor.

Policy Benefits : On Death : (a) Under option (i) - payment of annuity ceases.

(b) Under option (ii)
i. On death during the guarantee period - annuity is paid to the nominee till the end of the guaranteed period after which the same ceases.
ii. On death after the guarantee period - payment of annuity ceases.
(c) Under option (iii) - payment of annuity ceases and the purchase price is returned to the nominee.
(d) Under option (iv) - payment of annuity ceases.
(e) Under option (v) - payment of annuity ceases and 50% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.
(f) Under option (vi) - payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant.
(g) Under option (vii) - payment of annuity ceases. 100% of the annuity is paid to the surviving named spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, the annuity ceases and purchase price is paid to the nominee. The amount of annuity shall be assured throughout the period for which it is payable.
Surrendered Value : No surrender value will be available under the policy.

Loan : No loan will be available under the policy.

Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c. • Pension that is received is taxable.

Proposal Form 440 (IA) shall be used under this plan.

Product Summary : This is non-linked health plan which provides fixed benefits for hospitalization and almostall types of surgical procedures irrespective of actual cost incurred and the benefit is in additionto any other health insurance cover that insured lives may have, subject to certain terms and conditions. The Benefits offered under the plan are:
i) Hospital Cash Benefit (HCB)
ii) Major Surgical Benefit (MSB)
iii) Day Care Procedure Benefit (DCPB)iv) Other Surgical Benefit (OSB)
These are in addition to any other health insurance cover.
Two riders: Term Assurance and Accident Benefit Rider available for PI & Insured Spouse only.
The Principle Insured (PI) can take the policy covering himself/herself. The Spouse, Children, Parents and Parents-in-law can also be covered under the same policy.

Premium Payment Mode:

Yearly, Halfly

Minimum Entry Age :
• For Prencipal Insure/Spouse: 18 Years
• For Child: 3 Month
• For Parents/Parents-In-Law: 18 Years

Maximum Entry Age :
• For Prencipal Insure/Spouse: 65 Years
• For Child: 17 Years
• For Parents/Parents-In-Law: 75 Years

Minimum Sum Assured :
• Rs.1,00,000/

Maximum Sum Assured : • Rs.4,00,000

Basic S.A. shall be in multiple of Rs.1,00,000
Policy Benefits :

On Death :
No death benefits payable.
However, following action will take place.

i. On death of the Principal Insured (PI); Option for Spouse to take over policy.
ii. Insured Spouse had predeceased the Principal Insured: Option to take new policy.
iii. In the event of death of an Insured continue with change in premium.

Surrendered Value : No surrender value will be available under the policy..

Loan : No loan will be available under the policy..

Product Summary :
This is a limited premium paying term conventional With-Profits Endowment Assurance plan wherepremium paying term is less than policy term by three years.

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

Term :
13 to 25 Years

P.P.T. (Policy Term - 3) Years

Minimum Entry Age :
18Years Completed

Maximum Entry Age :
50Years (Nearest Birthday)

Maximum Maturity Age :
65 Year (Nearest Birthday)

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 65.

Policy Benefits :
On Death :
Benefits payable on death:
Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.

Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)

Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)

Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)

On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Loan :
Available after payment of premium of 3 full years.

Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D)

Product Summary :
LIC's Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

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

Term :
16 Year
21 Year
25 Year

P.P.T.
For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year

Minimum Entry Age :
8 Year Completed

Maximum Entry Age :
59 Year (Nearest Birthday)

Maximum Maturity Age :
75 Year

Minimum Sum Assured :
2,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :
On Death :
Basic Sum-Assured,OR
10 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.

On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.

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

Loan :
Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

Product Summary :
LIC’s Jeevan Shikhar is a participating, non-linked, saving cum protection single premium plan wherein the risk cover is ten times of Tabular Single Premium

Premium Payment Mode:
Single Premium

Term :
15 Year

Minimum Entry Age :
6 years (completed)

Maximum Entry Age :
45 years (nearer birthday)

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Higher Maturity Sum Assured than MSA amount shall be in multiple of Rs. 20000/-

Policy Benefits :
On Death :
On death during first five policy years:
Before the date of commencement of risk:

Refund of Single Premium without interest. Single Premium mentioned above shall not include any extra amount if charged under the policy due to underwriting decision and taxes.

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.

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

Surrendered Value :
The policy can be surrendered at any time during the policy year. The Guaranteed Surrender Value allowable shall be as under:• First year: 70% of the Single Premium.• Thereafter: 90% of the Single Premium.

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.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

Product Summary :
LIC's Jeevan Pragati(838) is a non-linked, with profits Endowment Assurance Plan wherein the risks cover automatically increases after every five years during the term of the policy.

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

Term :
12 to 20 years

Minimum Entry Age :
12 Year Completed

Maximum Entry Age :
45 Year (Nearest Birthday)

Maximum Maturity Age :
65 Year

Minimum Sum Assured :
1,50,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 65.

Policy Benefits :

On Death :
Sum Assured + Vested Bonus + FAB if any.

Where 'S.A. on Death' is defined as the higher of
i. 10 times of Anualized Premium, OR
ii. Absolute amount assured to be paid on death, which is as under:

During first five policy years: 100% of the Basic S.A.
During 6th to 10th policy years: 125% of the Basic S.A.
During 11th to 15th policy years: 150% of the Basic S.A.
During 16th to 20th policy years: 200% of the Basic S.A.
This Death Benefit shall not be less than 105% of all Premiums paid as on death

On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Loan :
Loan Facillity is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

Proposal Form : 300/340/360 shall be used under this plan.