 | ENDOWMENT PLANS | | |||||||||
ENDOWMENT POLICY: TABLE-14
SUITABILITY: Popular Plan For Fulfilling All Long/Short Financial Needs. PRODUCT: This Is An endowment Assurance Plan That Provides Greater Financial Protection Against Death Throughout The Term Of plan. MATURITY BENEFIT: End Of Maturity Year Will Get = Sum Assured + Bonus + FAB If any DEATH BENEFIT: Sum Assured + Accured Bonus EXAMPLE:
Premium Paying Term = 20 YEARS Premium = Rs 4995 / Year MATURITY BENEFIT: End Of 20th Year Will Get = Rs 230000 DEATH BENEFIT: If Death Rises 10th Year, Nominee Will Get = Rs 150000 | |||||||||||
LIMITED PAYMENT ENDOWMENT : TABLE-48
SUITABILITY: A Flexible Plan For the Policyholder To Select Premium Paying Term Of His Choice. PRODUCT: Premium To Be Paid For A Fixed Term. But The Life risk Cover Continues Till the End Of policy Term. MATURITY BENEFIT: End Of Maturity Year Will Get = Sum Assured + Bonus + FAB if any DEATH BENEFIT: Nominee Will Get = Sum Assured + Accured Bonus EXAMPLE:
If Premium Paying Term = 15 YEARS Premium = Rs 5859 / Year If Premium Paying Term = 10 YEARS Premium = Rs 7687 / Year If Premium Paying Term = 5 YEARS Premium = Rs 13371 / Year (Premium should pay Premium Paying Term Only. Remaining Year Need not pay Premium.) MATURITY BENEFIT: End Of 20th Year Will Get = Rs 230000 DEATH BENEFIT: If Death Rises 10th Year , Nominee Will Get = Rs 150000 | |||||||||||
MARRIAGE ENDOWMENT/EDUCATION ANNUITY=TABLE-90
SUITABILITY: Specialy Designed For Child’s Marriage / education PRODUCT: The Proposer Shall Have To Pay The Premiums till Maturity Or Early Death MATURITY BENEFIT: End Of Maturity Year Will Get = Sum Assured + Bonus DEATH BENEFIT: On Death Of the Policy Holder Before Maturity 1. Future Premiums Are Waived (need not pay remaining premium) 2. On Maturity Nominee Will Get = Sum Assured + Bonus 3. If Death Rises By Accident, Nominee Will Get(immedietly) = Sum Assured EXAMPLE:
Premium Paying Term = 20 YEARS Premium = Rs 4835 / Year MATURITY BENEFIT: End of 20th Year Will Get = Rs 220000 DEATH BENEFIT: a) If Death Rises 10th Year, 1.Future Premiums Waived(need not to pay remaining premium) And 2.End Of 20th Year, Nominee Will Get = Rs 220000 b) If Death By Accident, 1.Future Premiums Waived(need not to pay remaining premium) And 2.Nominee will get = Rs 1 LAC(immedietly) 3.End Of 20th Year, Nominee Will Get = Rs 220000 | |||||||||||
NEW JANARAKSHA: TABLE-91
SUITABILITY: Best Suited For People With Irregular Income And Whose Job Is Not Secured PRODUCT: Auto Cover: If The Policyholder Is Not Able To Pay Premiums After Paying First 2 Years, The Policy Not Lapse and The Life Risk Cover Continues For 3 More Years From The Date Of Premium Unpaid. MATURITY BENEFIT: End Of Maturity Year Will get = Sum Assured + Bonus DEATH BENEFIT: Nominee Will Get = Sum Assured + Accured Bonus EXAMPLE:
Premium Paying Term = 20 Years Premium = Rs 5080 / Year MATURITY BENEFIT: End Of 20th Year Will Get = Rs 220000 DEATH BENEFIT: 1.If Death Rises 10th Year, Nominee Will Get = Rs 150000 2.In Case The Policyholder Cannot Pay Premiums For 9th&10th Year Also Nominee Will Get = Rs 150000 | |||||||||||
JEEVAN CHHAYA: TABLE-103
SUITABILITY: Right Policy For a Person Who Wants to Provide Fund For Child’s Education / Marriage. PRODUCT: 25% Of Sum Assured Is Given Every Year During Last 4 Years Of Maturity To The Policyholder, If He Is Alive. If Policyholder Dies Before Maturity, Nominee Get Benefit. MATURITY BENEFIT: End Of Maturity Year Will Get = 25%Sum Assured + Bonus DEATH BENEFIT: If Death Rises 10th Year, 1. Nominee Will Get(immediately) = Sum Assured 2. Further 25% of Sum Assured Also Given Every Year During Last 4 Yr 3. End Of Maturity Nominee Will Get = Bonus EXAMPLE:
Premium Paying Term = 20 Years Premium = Rs5505 / Year SURVIVAL BENEFIT&MATURITY BENEFIT: End of 17th Yr, 18th Yr & 19th Year Get = Rs 25000 End of 20th Year Will Get = Rs 150000 DEATH BENEFIT: If Death Rises 10th Year, 1.Nominee Will Get(immediately) = 1 Lac and 2.End of 17th Yr, 18th Yr & 19th Yr Nominee Will Get = Rs 25000 and 3.End of 20th Nominee Will Get = Rs 150000 | |||||||||||
JEEVAN MITRA(TRIBLE COVER) : TABLE-133
SUITABILITY: Best Suited For People Who Are Insurance Oriented And Also Want To Provide a Big Sum Insurance Protection. PRODUCT: In This Policy 3 Times Of Sum Assured to Be Given When The Policyholder Dies Before Maturity. MATURITY BENEFIT: End Of Maturity Will Get = Sum Assures + Bonus DEATH BENEFIT: Nominee Will Get = Sum Assured + Accured Bonus EXAMPLE:
Premium Paying Term = 20 Years Premium = Rs 5708 / Year MATURITY BENEFIT: End Of 20th Year Will Get = Rs 220000 DEATH BENEFIT: If Death Rises 10th Year , Nominee Will Get = Rs 350000 (3 times Sum Assured+Bonus) | |||||||||||
JEEVAN ANAND: TABLE-149
SUITABILITY: Right Policy For a Person Who Wants To Get Whole Life & Endowment Assurance. PRODUCT: After The Policy Term Is Over, The Risk Cover Continues Till The Death Of Policyholder. Accident Benefit Available Up To Age 70 MATURITY BENEFIT: End Of Maturity Will Get = Sum Assured + Bonus + FAB if any DEATH BENEFIT: 1.If Death Rises During The Premium Paying Term, Nominee Will Get = Sum Assured + Accured Bonus 2. If Death Rises After The Premium Paying Term, Nominee Will Get = Sum Assured EXAMPLE:
Premium Paying Term = 20 Years Only Premium = Rs 5660 / Year MATURITY BENEFIT: 20th Year End Will Get = Rs 230000 DEATH BENEFIT: 1. If Death Rises 10Th Year, Nominee Will Get = Rs 145000 2. If Death Rises 25th Year, Nominee Will Get = Rs 1 Lac 3. If Death Rises By Accident In Both Case, Nominee Will Get Additional 1 Lac. | |||||||||||
JEEVAN ANURAG: TABLE-168
SUITABILITY: This Is An Ideal Plan For Persons Who Want To Provide Funds For Childrens Education/Marriage and Other Needs. PRODUCT: Provided The Policy Is In Full Force, An Amount Equal To 20% Of The Basic Sum Assured At The Start Of Every Year During The Last 3 Years Of Policy Years Before Maturity Shall be Payable. An Maturity Balace 40% Of The SumAssured With Simple Reversionary Bonus Plus Terminal Bonus if Any Will Be Payable. MATURITY BENEFIT: On end of the policy term, Will Get = 40% SA + Simple Reversionary Bonus DEATH BENEFIT: If Death Occurs During The Policy Year The SumAssured Will be Payable Immediately. No Premiums Are Payable Thereafter. But The Other SB&MB Also Payable To Nominee. EXAMPLE:
Premium Paying Term = 20 Years Premium = Rs 10943 / Year SURVIVAL BENEFIT&MATURITY BENEFIT: End of 17th Yr, 18th Yr & 19th Yr Get = Rs 40000 End of 20th Year Will Get = Rs 238000 DEATH BENEFIT: If Death Occurs At 10th Year, ( No Premiums Are Payable Thereafter) 1.Nominee Will Get = Rs 2Lacs and also 2.End of 17th Yr, 18th Yr & 19th Yr Get = Rs 40000 and also 3.End of 20th Year Will Get = Rs 238000 | |||||||||||
JEEVAN TARANG: TABLE-178
SUITABILITY: This Is An Ideal Plan For Persons Who Want To Get Funds For Annualy After The Policy Year. PRODUCT: This is a Whole Life Plan which Provides for Annual Survival Benefit At The Rate Of 5.5% Of The Sum Assured for Life Time after One Year From the Chosen accumulation Period. SURVIVAL BENEFITS: 1. Bonus Will Be Paid One Lumpsum amount at The End Of Accumulation Period. And 2. 5.5% Of The Sum Assured Will Be payable Every Year Till The Survival Of The Life Assured. MATURITY BENEFIT: Sum Assured + Loyalty Addition If Any, will Be Payable On Survival Of Life Assured To The Policy Anniversary Coinciding with Or immediately Following Completion Of 100 Years Of Age. DEATH BENEFIT: 1.If Death Occurs During Accumulation Period Nominee Will Get = Rs Sum Assured + Vested Bonus 2.If Death Occurs After The Accumulation Period Nominee Will Get = Rs Sum Assured + Loyalty Addition EXAMPLE:
Accumulation Term = 20 YEARS (Accumulation Period available 10 & 15 Years Also) If Premium Paying Term 20 Years = Rs 5147/ Year If Premium Paying Term 6 Years = Rs 11530 / Year SURVIVAL BENEFIT: 1.End Of 20th Year Will Get = Rs 120000 2.From 21st Year To Age 100 Will Get = Rs 5500 / Year MATURITY BENEFIT: At The Age Of 100 Will Get = Rs 150000 DEATH BENEFIT: 1.If Death Occurs 10th Year Nominee Will Get = Rs 145000 2.If Death Occurs 23rd Year Nominee Will Get = Rs 120000 | |||||||||||
JEEVAN AMRIT: TABLE-186
SUITABILITY: This Is An Ideal Plan Designed to Meet The needs Of Persons Having High Earnings For a Short Period. PRODUCT: The Premium Will Be High During First Year And thereafter Premium Comes Down Significantly. MATURITY BENEFIT: Will Get = Total Premium Paid During The Term Of Policy+Vested Bonus DEATH BENEFIT: Nominee Will Get = Sum Assured+Bonus EXAMPLE:
Policy Term = 20 Years (Policy Term Available 10,15,25&30 Years ) If Premium Paying Term = 5 Years (Premium Paying Term Available 3&4 Years Also) 1st Year Premium = Rs 6541 / Year 2nd,3rd ,4th & 5th Year Premium = Rs 1637 / Year (after 5 years need not pay premium) MATURITY BENEFIT: 20th Year End Will Get = Rs 30000 DEATH BENEFIT: If Death Occurs 10th Year, Nominee Will Get = Rs 120000 | |||||||||||
JOINT LIFE PLAN JEEVAN SAATHI : TABLE-89
SUITABILITY: For Husband & Wife Who Wants Joint Life Risk Cover Under Single Policy PRODUCT: Issued Only To Working Couple. MATURITY BENEFIT: If Both Hisband & Wife Are Alive Upto Maturity Will Get = Sum Assured + Bonus DEATH BENEFIT: a)On Death Of Either Husband / Wife During Policy Year, Survivor Get = Sum Assured And Need not Pay Remaining Premium b)If The Survivor (Husband/Wife) Survives Till Maturity, He/She Will Get = Sum assured + Bonus c)If The Suevivor Also Dies Before Maturity, Nominee Will Get = Sum Assured + Bonus EXAMPLE:
Premium Paying Term = 20 YEARS Premium = Rs5804 / Year MATURITY BENEFIT: 20th Year End Will Get = Rs 230000 DEATH BENEFIT: a)If Husband Dies 10th Year, 1.Wife Will Get = Rs 1 Lac and Need Not Pay Remaining Premium 2.Also End Of 20th Year If Wife Survive, Will Get = Rs 230000 b)If Wife Dies 15th Year, Nominee Will Get = Rs 175000 | |||||||||||
JEEVAN SHREE-I-162
SUITABILITY: This Plan is Suitable For High Earning People PRODUCT: Policy Term Available For 5/10/15/20/25 Years. Premium Paying Terms Available For 1,2,3,4,6,8,10,12,16 Years. MATURITY BENEFIT: Basic Sum Assured+G.A @Rs50 /1000SA For 1st 5 Years+Bonus DEATH BENEFIT: a)If Death Rises During First 5 Years, Nominee Will Get = SA+G.A@Rs 50/1000 SA / Year b)If Death Rises After 5 Years, Nominee will Get SA + G.A @ Rs 50 /1000 SA for 5 Years+Bonus EXAMPLE:
Policy Term = 20 YEARS (Policy Term Available 5/10/15/25 Years Also) If Premium Paying Term, 12 Years = Rs 36276 / Year If Premium Paying Term, 10 Years = Rs 41742 / Year (Premium Paying Terms Available 2,3,4,6,8 Years Also) MATURITY BENEFIT: 20th Year End Will Get = Rs 11 Lacs DEATH BENEFIT: a)If Death Rises 5th Year, Nominee Will Get = Rs 625000 b)If Death Rises 11th Year, Nominee will Get = Rs 750000 | |||||||||||
JEEVAN PRAMUKH-167
SUITABILITY: This Plan is Suitable For High Earning People PRODUCT: Policy Term Available For 5/10/15/20/25 Years. Premium Paying Terms Available For 3,4,5 Years. Premium Should Pay Premium Paying Terms Only. MATURITY BENEFIT: On Maturity Get=Sum Assured+G.A @Rs50 /1000SA For 1st 5 Yrs+Bonus DEATH BENEFIT: a)If Death Rises During First 5 Years, Nominee Will Get = SA+G.A@Rs 50/1000 SA / Year b)If Death Rises After 5 Years, Nominee will Get SA + G.A @ Rs 50 /1000 SA for 5 Years+Bonus EXAMPLE:
Policy Term = 20 YEARS (Policy Term Available 5/10/15/25 Years Also) If Premium Paying Term, 5 Years = Rs 139209 / Year(Premium Should Pay 5 Yrs Only) If Premium Paying Term, 4 Years = Rs 161014/ Year If Premium Paying Term, 3 Years = Rs 210357 / Year MATURITY BENEFIT : End Of 20th Year Will Get = Rs 22 Lacs DEATH BENEFIT: a)If Death Rises 5th Year, Nominee Will Get = Rs 1250000 b)If Death Rises 11th Year, Nominee will Get = Rs 15 Lacs | |||||||||||
Statutory Warning: “Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. These assumed rates of return are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.” All Calculation Given Above are Refer only *Insurance is the subject matter of Solicitation | |||||||||||
For Any Clarification Contact RAVINDRABALAN. S LIC ADVICER | |||||||||||
ENDOWMENT PLANS
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