Professional Documents
Culture Documents
Lic Plan Booklet
Lic Plan Booklet
Pr o d ucts of
L if e I n s u r a n c e C o r p o r ati o n of In d i a
Exhaustive Notes on
Products of
Life Insurance Corporation of India
PMR Department,
DIVISIONAL OFFICE
7th Floor, Suraj Plaza II,
Sayajigunj, Vadodara 390 005.
Tel: 0265- 2225073
E-mail: pmr.vadodara@licindia.com
FOREWARD
I feel extremely happy to present an Exhaustive notes on
products of LIC to our field force. There has been a persisting
demand for such a publication in view of substantial changes and
amendments in rules, particularly during the last one year. Many
popular plans like Money Plus and Market Plus have been
withdrawn and many new plans have been introduced by the
Corporation. I hope this booklet will fill up the gap for the
guidance of our field force in particular and others in general.
The beauty of this compendium is in its lucid presentation,
covering all the aspects of the plans in brief. Needless to add,
the booklet is introductory in nature and in no way should be
construed as a substitute for the concerned Central Office
circulars on the subject. In case of any doubt or clarification,
reference should be made to the concerned circulars.
All the members of PMR and NB Department deserve all the
praise and appreciation for their hard and concerted efforts in
bringing out this booklet, which will definitely prove to be a
handy and useful reference material.
We are looking forward to your response at pmr.vadodara
@licindia.com.
S.B. JOSHI
Sr. Divisional Manager
Date: 12/08/2008
3
Thisbookletcontainsfollowingsubjects
ClassificationofLICPlans
WithdrawnPlansofLIC
MoralHazardReport
MHRforChiefLifeInsuranceAdvisor(CLIA)
IntroductionofL.A.toMedicalExaminers
FinancialUnderwriting
EmployerEmployeeScheme
KYC/AMLARequirements
NonMedicalBusiness
CriticalIllnessRider
ProductsofLIC
PRODUCTS OF LIC
Sr. Plan
No. No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
2
5
14
41
50
43
48
52
58
75
88
89
90
91
93
102
103
106
107
108
114
133
136
147
148
149
159
162
164
165
167
168
169
171
175
178
179
184
185
186
187
188
189
190
191
192
193
901
Name of Plan
WHOLE LIFE POLICY WITH PROFIT
LIMITED PAYMENT WHOLE LIFE POLICY WITH PROFIT
ENDOWMENT ASSURANCE POLICY WITH PROFIT
CHILDRENS DEFERRED ENDOWMENT ASSURANCE WITH PROFIT VA-21
CHILDRENS DEFERRED ENDOWMENT ASSURANCE WITH PROFIT VA-18
TWO YEAR TEMPORARY ASSURANCE POLICY WITHOUT PROFIT
ENDOWMENT ASSURANCE BY LIMITED PAYMENTS WITH PROFIT
THE MORTGAGE REDEMPTION ASSURANCE POLICY WITHOUT PROFIT
THE CONVERTIBLE TERM ASSURANCE POLICY WITHOUT PROFIT
MONEY BACK WITH PROFIT
JEEVAN MITRA (DOUBLE COVER) ENDOWMENT PLAN WITH PROFIT
JEEVAN SATHI (DOUBLE COVER JOINT LIFE PLAN) WITH PROFIT
MARRIAGE ENDOWMENT / EDUCATION ANNUITY PLAN WITH PROFIT
NEW JANA RAKSHA PLAN WITH PROFIT
MONEY BACK WITH PROFIT
JEEVAN KISHORE WITH PROFIT
JEEVAN CHHAYA PLAN WITH PROFIT
JEEVAN SURBHI WITH PROFIT (NEW MONEY BACK PLAN)
JEEVAN SURBHI WITH PROFIT (NEW MONEY BACK PLAN)
JEEVAN SURBHI WITH PROFIT (NEW MONEY BACK PLAN)
JEEVAN AADHAR PLAN WITHOUT PROFIT
JEEVAN MITRA (TRIPLE COVER) ENDOWMENT ASSURANCE PLAN WITH PROFIT
JEEVAN VISHWAS WITH PROFIT
NEW JEEVAN SURAKSHA-1
NEW JEEVAN DHARA-1 W.E.F. 1/2/2002
JEEVAN ANAND WITH PROFIT
KOMAL JEEVAN (W.E.F. 14/11/2002)
LICS JEEVAN SHREE-1 (W.E.F. 1/9/2003)
ANMOL JEEVN-1
SARAL JEEVAN
LICS JEEVAN PRAMUKH WITH PROFIT
JEEVAN ANURAG
JEEVAN NIDHI
BIMA NIVESH-2005 (W.E.F. 21/3/2005)
BIMA BACHAT
JEEVAN TARANG
NEW BIMA GOLD
CHILD CAREER PLAN
CHILD FUTURE PLAN
JEEVAN AMRIT
FORTUNE PLUS
PROFIT PLUS
JEEVAN AKSHAY VI
AMULYA JEEVAN - I
LICS MARKET PLUS I
LICS JEEVAN BHARATI I
LICS MONEY PLUS - I
LICS HEALTH PLUS
: 89
: 2, 5, 114
PLANS FOR CHILDREN WELFARE: 103, 106, 107, 108, 159, 168, 178
MONEY BACK PLANS
PENSION PLAN
INVESTMENT PLANS
: 171,187,188,191,193
:
:
:
:
168
178
901
192
:
:
:
:
SINGLE PREMIUM PLANS:43, 48, 52, 58, 102, 147, 148, 159,162,164
167, 168, 169, 171, 175, 177,178, 188,
189,190,191
Plan Nos.
1
11
16
17
18
19
20
21
22
23
24
25
26
27
28
33
34
44
45
46
47
51
64
66
67
73
74
76
77
78
79
80
81
84
85
86
87
60
61
(B) The following popular plans have been recently withdrawn by the
Corporation:
TABLE No.
150
152
153
154 TO 157
160
161
163
PLAN
NEW BIMA KIRAN
JEEVAN REKHA
ANMOL JEEVAN
JEEVAN SAMRIDHI
JEEVAN BHARATI
VARISHTHA PENSION BIMA YOJANA
LICS JEEVAN AKSHAY II
170
172
173
174
176
177
180
181
183
Rs. 5 Lac
Rs.
Rs.
Rs.
Rs.
Rs.
20 Lac
30 Lac
50 Lac
50 Lac
1 Crore
Rs. 2 Crore
8
E)
F)
G)
Branch
Rs. 5 Crore
Rs. 10 Crore
Above Rs. 10 Crore
Central underwriting Section can call for Special MHRs from other
officials, if necessary, depending on the merits of the case.
Limits up to
(Rs.)
Rs. 30 Lacs
Retired Employees
Rs. 50 Lacs
Rs. 50 Lacs
Rs. 75 Lacs
Rs. 1 Crore
Rs. 1 Crore
MHR Limits
Limits up to
(Rs.)
in Charge of Branch
3
Manager(Sales)
Up to Rs.10 Crores
Agent
Rs. 20 Lacs to
Rs. 30 Lacs
Rs. 20 Lacs to
Rs. 50 Lacs
Rs. 20 Lacs to
Rs. 1 Crore
ABM(S)
Above Rs 2 Crore
to Rs. 5 Crore
BM/SBM I/C
Above Rs 5 Crore
but less than Rs.
10 Crore
Manager( Sales)
Marketing Manager
1
2
3
4
5
6
Up
Up
Up
Up
Up
Up
to
to
to
to
to
to
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
30 Lacs
50 Lacs
50 Lacs
75 Lacs
1 Crore
1 Crore
AGE GROUP
UPTO 30 YEARS
31 TO 40 YEARS
41 TO 50 YEARS
51 YEARS AND ABOVE
TIMES
TIMES
TIMES
TIMES
Vide circular ref. Actl./2062/4 dated 11th March 2006, it was clarified
that as regards insurance under Employer-Employee Scheme the types of
plans offered could be other than term insurance also.
It is now further clarified that while allowing insurance under employeremployee scheme it should be ensured that the employee should not have
beneficial ownership in the employer company in excess of 5%. For
ascertaining the limit of 5% shareholding or ownership held by concerned
1
KYC NORMS
* As per the guidelines issued by IRDA premiums/proposal Deposits in excess
of Rs. 50,000/- is to be accepted through Cheques, Demand Draft, and CreditCard or through Bank Cheques only. (Exemption is given for Salary Savings
Collection)
* ID proof and Residence Proof is required for proposals having premium more
than Rs. 10,000/- (Including Renewal Premium)
* ID proof , Residence Proof and Proof of Income is required with all New
Proposals having premium Rs. 1,00,000 and above.
* As per AML ( Anti Money Laundering ) guidelines , Recent Passport Size
photograph of proposer is a mandatory requirement ( In case of Minors,
parents photograph is required.
1.
2.
3.
4.
5.
SA Limit
NON-MEDICAL
(GENERAL)
Professional
MAJOR
STUDENT
Rs.8 lacs
Age up to 25
Years
NON-MEDICAL
GENERAL
(OTHERS) Major
males and literate
females
Age 35 and less Rs.4
lacs
Age 36 to45 Rs.2 lacs
Age 46 to 50
1 lacs ;
If NSAP I Age 35 and
less Rs.3 lacs
Age 36 to45 Rs.1 lacs
Age 46 to 50 yrs
Rs.50000
Major males
and literate
females
NSAP-II and
NSAP-III
NSAP II Age 35 and
less Rs.2 lacs
Age 36 to45 Rs.1
lacs
Age 46 to 50 yrs
Rs.50000
NSAP III
Age 35 and less Rs.2
lacs
Age 36 to45 Rs.1
lacs
Age 46 to 50 yrs
Rs.50000
Plan
allowed
All plans
excluding
Table
Nos.43,52,58
,164,167,177
,88, 133,
Term Rider
and CI Rider
-: Revised Chart of Special Report:Cir. No. U&R/4/2008 dated 15-01- 2008 with effect from 17-01- 2008
Sum under
consideration
Up to
2,00,000
Up to 35 yrs
NIL
2,00,001
to
5,00,000
NIL
(Medical by TPA
for Revival)
5,00,001
to
10,00,000
NIL
Medical by TPA
for Rev. & if
SUC=10 lacs
for NB
36 to 45 yrs
46 to 55 yrs
NIL
NIL
FOR CIR
ECG,FBS, Hb%
FOR CIR
ECG,FBS, Hb%
Revi. S.A. up to
50,000 no Sp.
Reports
Rest ECG,FBS
NIL
FOR CIR
ECG,FBS, Hb%
(Medical by TPA
for Revival)
NIL
FOR CIR
ECG,FBS, Hb
%
(medical by TPA
for Rev. & if SUC
= 10 lacs for
NB)
Rest ECG,
Lipidogram, FBS,
RA, Hb%%
(Medical & Sp.
Report by TPA for
Revival)
Rest ECG,
Lipidogram, FBS,
RUA, Hb%
(Medical & Sp.
Report by TPA for
Rev. & if SUC > 8
lacs for NB)
10,00,001
to
15,00,000
NIL
(Medical by TPA
for Rev. & NB)
Lipidogram,
FBS, RUA, Elisa
for HIV HB%
For CIR
ECG
(Medical & Sp.
Report by TPA
for Rev. & NB)
15,00,001
to
35,00,000
FBS,
Lipidogram,
Elisa for HIV Hb
% (Medical &
Sp. Report by
TPA for Rev. &
NB)
35,00,0001
to
50,00,000
Rest ECG,
Haemogram,
SBT 13, RUA,
CTMT, (Medical
& Sp. Report by
TPA for Rev. &
NB)
50,00,001
and above
Rest ECG,
Haemogram,
SBT 13, RUA
(Medical & Sp.
Report by TPA
for Rev. & NB)
Rest ECG,
Haemogram,
SBT 13, RUA,
CTMT, HbA1c
(Medical & Sp.
Report by TPA
for Rev. & NB)
Rest ECG,
Haemogram, SBT13,RUA,CTMT
(Medical & Sp.
Report by TPA for
Rev. & NB)
Rest ECG,
Haemogram,
SBT 13, RUA,
CTMT %(Medical
& Sp. Report by
TPA for Rev. &
NB)
Rest ECG,
Haemogram, SBT
13, RUA, CTMT,
HbA1c%(Medical &
Sp. Report by TPA
for Rev. & NB)
Rest ECG,
Haemogram,
SBT 13, RUA,
CTMT, HbA1c
(Medical & Sp.
Report by TPA
for Rev. & NB)
Rest ECG,
Haemogram,
SBT 13, RUA,
CTMT, HbA1c,
Chest X-ray
(Medical & Sp.
Report by TPA
for Rev. & NB)
Rest ECG,
Haemogram, SBT
13, RUA, CTMT,
HbA1c Chest x Ray
(Medical & Sp.
Report by TPA for
Rev. & NB)
Rest ECG,
Haemogram, SBT
13, RUA, CTMT,
HbA1c, Chest Xray (Medical & Sp.
Report by TPA for
Rev. & NB)
Below 5 Years
No medical
requirement
Rs. 8,00,001 to
Rs. 25 Lacs
Immunization record
of the child ( no other
medical requirement )
Rs. 25,00,001 to
Rs. 49,99,999
i) Juvenile FMR
ii)Immunization record
of the
child
iii)Copy of latest
school report, if
attending school
Age Group
5 to 9 Years
No medical
requirements, but
height and weight to
be mentioned in the
ACR
No medical
requirements, but
height and weight to
be mentioned in the
ACR
i) Juvenile FMR
ii) Copy of latest
school report
10 to 17 years
No medical
requirements, but
height and weight to
be mentioned in the
ACR
i) Juvenile FMR
ii) Copy of latest
school report
i) Juvenile FMR
ii) Copy of latest
school record
Rs. 50,00,000 to
Rs. One Crore
i) Juvenile FMR
ii)Immunization record
of the
child
iii)Copy of latest
school report, if
attending school
i) Juvenile FMR
ii) ECG
iii) Haemogram
iv) Serum Creatinine
v) RUA
vi) Elisa test for HIV
vii)HbsAg
viii)Copy of latest
school
report
i) Juvenile FMR
ii) ECG
iii) Haemogram
iv) SBT-12
v) HbsAg
vi) Copy of latest
school
report
No medical
i) Juvenile FMR
ii)Immunization record
of the
child
iii) Copy of latest
school report,
if attending school
No medical
requirements, but
height & weight to be
mentioned in the ACR
, Copy of latest
school report
i) Juvenile FMR
ii) Copy of latest
school report
No medical
requirements, but
height & weight to be
mentioned in the ACR
, Copy of latest school
report
i) Juvenile FMR
ii) Haemogram
iii) SBT-12
iv) ECG
v)HbsAg
vi)Copy of latest
school report
PLAN
ENDOWMWNT PLAN
JEEVAN MITRA
MONEY BACK PLANS
JEEVAN MITRA TRIPLE COVER
JEEVAN ANAND
MARRIAGE ENDOWMT /EDU. ANNUITY
NEW JEEVAN SURAKSHA-I
NEW JEEVAN DHARA-I
NEW JEEVAN SHREE-I
JEEVAN ANURAG
JEEVAN NIDHI
JEEVAN TARANG
LICS PROFIT PLUS
LICS MARKET PLUS-I
LICS JEEVAN BHARATI -I
LICS MONEY PLUS-I
1)
2)
3)
4)
5)
6)
7)
BENEFITS: Cri. Ill. S.A is payable to L.A on occurrence of the illness covered.
PWB
Minimum Age at Entry
Maximum Age at Entry
Maximum Age at Maturity
Minimum S.A.
Minimum S.A. of Basic Plan
Maximum S.A. for C.I.
8) Term
: Yes
: 18 Years LBD & 20 years (Tbl.no. 168)
: 50 Years
: 60 Years
: Rs.50000 + (thereafter in multiples of Rs.10, 000/-)
: Rs.50000
: Equal to Basic S.A. subject to Max. of Rs.5 Lacs
(Rs. 10 lacs in Plan No. 191 & 193)
: 10 to 35 Years (Regular Prm Policy)
05 to 35 Years (Single Prm Policy)
15, 20, 25 Years (Ltd.Prm paying term)
25 years
(Table -168)
: YLY - 2%, HLY - 1%, MLY - 5% extra
: ANNUAL PREMIUM - NIL
SGL PRM - Less than 1 lac NIL
- Up to 2 Lacs Rs 0.25 % of S.A.
-2 lacs & above Rs.0.50 % of S.A.
: NO
: CATEGORY I, II.
: YES
: STANDARD
A Claim under Critical Illness Rider becomes payable on the first diagnosis of a critical Illness
during the Policy term after the waiting period of Six months ( Not applicable in Accident cases)
Critical Illness Rider - Only once. Available during the term of the Policy.
Illness Covered: Please refer to relevant circulars.
NRI
INSURANCE TO NON-RESIDENT INDIANS
Definition of NRI: A Non-Resident Indian is a citizen of India ( holding a valid
passport of Govt. of India ) temporarily residing in the country of his/her
present residence.
NRI should not be a Green-Card holder and should not have applied
for or planning to apply in the near future for acquiring citizenship of
his/her present country of residence or any other country.
Green-Card holders and Foreign Nationals of Indian origin are not to
be treated as NRIs for the purpose of allowing Insurance.
NRIs can be allowed Insurance ( policies in Indian Rupee currency
only )
(A) On their visit to India
(B) From their present country of residence through MAIL-ORDER
Business.
In mail order business formalities of proposal completion,
obtaining medical and Special reports, etc are to be completed
in their present country of residence.
FOR NRI
Term Rider & PWB is allowed.
Critical Illness Rider is not allowed.
Mail-Order Business is allowed.
No Limit of Maximum S.A. (under Mail-Order up to Rs. 1 Crore)
Plans allowed as per C.O. Circular No. 2056 dated 25th Feb, 2006.
as stated in Group Of Countries I to VIII.
Non-Medical Special is allowed ( Up to Rs. 5 Lacs )
MAIL-ORDER BUSINESS
Allowed to NRIs only.
Not allowed to Foreign Nationals and Green-Card holders.
Maximum S.A. allowed is Rs. 1 Crore ( Other than pure Term Assurance )
and in case of Pure Term Assurance Maxi. S.A. Rs. 25 Lacs.
Critical Illness Rider not allowed.
A person who was an Indian earlier and has taken the citizenship of
other country is called a Foreign National . A Green-Card holder and who
has applied for Green-Card are also to be treated as Foreign National.
* Permanent resident in Forein Country
* Critical Illness Rider, Term Rider and PWB not allowed.
CONTINUED
NRI
PURPOSE
To park earnings
Like Rent, Indian
Salary (If any),
Dividend etc
SPECIAL FEATURES
To park overseas
Savings remitted to
India after converting
To INR (Indian Rupee)
( Funds kept in NRE Account are exposed to Exchange rate risk for e.g. if
Rupee is Rs. 48 to a Us Dollar while depositing, and weakens to Rs. 50 to a
Dollar when one who wants to take money out of India will lose 4 cents/$.)
(3) Foreign-Currency
Non-Resident
(FCNR)
To park overseas
savings without
converting into INR
INSURANCE TYPE
: 18 YEARS
: 60 YEARS
: 80 YEARS
: Rs. 50,000
MODE
: ALL
: YLY: 3%,
HLY: 1.5%
1
NON-MEDICAL
: GENERAL :NO
SPECIAL: YES
FEMALE
: CATEGORY I,II,III
AGE PROOF
: STANDARD
DAB
: YES
POLICY LOAN
: YES
HOUSING LOAN
: NO
FORM NO.
: 300/340
BENEFITS
INSURANCE TYPE
: 12 YEARS
: 60 YEARS
MINIMUM TERM
: 05 YEARS
MAXIMUM TERM
: 55 YEARS
: 80 YEARS
MAXIMUM PREMIUM
CEASING AGE
MINIMUM SUM ASSURED
: 70 YEARS
: Rs. 50,000
MODE
: ALL
: YLY: 3%,
NON-MEDICAL
FEMALE
AGE PROOF
DAB
: YES
POLICY LOAN
: YES
HOUSING LOAN
: YES
FORM NO.
: 300/340
BENEFITS
HLY: 1.5%
(A)ON DEATH
INSURANCE TYPE
: ENDOWMENT PLAN
: 12 YEARS NBD
: 65 YEARS NBD
MINIMUM TERM
: 5 YEARS
MAXIMUM TERM
: 55 YEARS
: 75 YEARS
: Rs. 50,000
MODE
: ALL
: YLY: 3% ,
NON-MEDICAL
: GENERAL :YES
SPECIAL
HLY: 1.5%
: YES
FEMALE
AGE PROOF
DAB
: YES
POLICY LOAN
: YES
HOUSING LOAN
FORM NO.
: 300/340
BENEFITS
(A)
(B)
ON MATURITY
ON DEATH
INSURANCE TYPE
:CHILDREN
: 0 YEAR
PLAN
MAXIMUM TERM
: 50 YEARS
MINIMUM DEFERMENT
: 4 YEARS
PERIOD
: Rs. 50,000
MODE
NON-MEDICAL
AGE PROOF
: STANDARD
DAB
POLICY LOAN
BENEFITS
(A)
(B)
ON MATURITY
ON DEATH
Child
on deferred date policy vests in favour of LA
on deferred date proposer is having option of
receiving cash option or surrender value.
In case the death of LA before the deferred date:
Refund of all premiums paid
Bonus is payable from deferred date
Premium Waiver Benefit is available under this plan
INSURANCE TYPE
: TERM
: 18 YEAR LBD
: 60 YEAR NBD
TERM
MAXIMUM TERM
: 02 YEARS
: 62 YEARS
: Rs. 3,00,000
MODE
AGE PROOF
POLICY LOAN
: NO
HOUSING LOAN
: NO
BENEFITS
ASSURANCE
INSURANCE TYPE
MINIMUM AGE ENTRY
MAXIMUM AGE ENTRY
MINIMUM TERM
MAXIMUM TERM
: 15 YEARS
: 25 YEARS
: POLICY TERM
: 75 YEARS
: ORD : 50,000 SP : 30,000
: DOI (DEPENDS ON INCOME)
: ALL + SINGLE PREMIUM
: YLY : 3%, HLY : 1.5%
: GENERAL :YES
SPECIAL : YES
FEMALE
AGE PROOF
DAB
POLICY LOAN
HOUSING LOAN
:
:
:
:
:
FORM NO.
BENEFITS
: 300/340
:
: ENDOWMENT PLAN
: 12 YEARS NBD
: TERM
MAXIMUM AGE AT ENTRY
15
20
25
SINGLE PREMIUM
15
20
25
(A)
(B)
ON MATURITY
ON DEATH
60
55
50
65
YEARS
YEARS
YEARS
YEARS
: YES
: YES
INSURANCE TYPE
: ENDOWMENT PLAN
: 18 YEARS LBD
: 55 YEARS NBD
: 60 YEARS
MODE
MEDICAL
FEMALE
: CATEGORY - I
AGE PROOF
: STANDARD/ NSAP- I
POLICY LOAN
: NO
SURRENDER VALUE
: NO
BENEFITS
INSURANCE TYPE
MINIMUM AGE ENTRY
MAXIMUM AGE ENTRY
: TERM ASSURANCE
: 20 YEARS NBD
: 50, 44 AND 43 YEARS FOR TERMS
5, 6 AND 7 YEARS RESPECTIVELY
MINIMUM TERM
: 5 YEARS
MAXIMUM TERM
: 7 YEARS
: 55 YEARS
FEMALE
AGE PROOF
POLICY LOAN
BENEFITS
: CATEGORY I, II
: STANDARD/ NSAP - I
: NO PAID-UP VALUE, SURRENDER
OR POLICY LOAN
:* This plan is designed for those who
are Initially unable to pay larger
premium but Hope to be able to pay in
the near future
*
PLAN 75
INSURANCE TYPE
MINIMUM AGE ENTRY
MAXIMUM AGE ENTRY
MINIMUM TERM
MAXIMUM TERM
MAXIMUM MATURITY AGE
MINIMUM SUM ASSURED
MAXIMUM SUM ASSURED
MODE
REBATE FOR MODE
:
:
:
:
:
:
:
:
:
:
NON-MEDICAL
FEMALE
AGE PROOF
DAB
POLICY LOAN
HOUSING LOAN
FORM NO.
: GENERAL : YES
SPECIAL : YES
: CATEGORY I, II, III
: STANDARD / NON-STANDARD
: YES
: NO
: YES
: 300/340
BENEFITS
MONEY BACK
13 YEARS
50 YEARS
20 YEARS
20 YEARS
70 YEARS
Rs. 50,000
DOI (DEPENDS ON INCOME)
ALL
YLY: 3%, HLY: 1.5%
(A)
SURVIVAL BENEFITS
(B)
(C)
ON MATURITY
ON DEATH
: AFTER 05 YEARS
20% OF S.A.
AFTER 10 YEARS
20% OF S.A.
AFTER 15 YEARS
20% OF S.A.
: 40% OF S.A. + BONUS
: (1) NATURAL DEATH: S.A. +
ACCRUED BONUS
(2) WITH DAB (ACCIDENTAL DEATH)
DOUBLE SUM ASSURED + ACCRUED
BONUS
: YES
: YES
INSURANCE TYPE
: ENDOWMENT PLAN
: 18 YEARS COMPLETED
: 50 YEARS NBD
MINIMUM TERM
: 15 YEARS
MAXIMUM TERM
: 30 YEARS
: 70 YEARS
: Rs. 50,000
MODE
: ALL
NON-MEDICAL
: GENERAL : NO
SPECIAL : YES
FEMALE
: CATEGORY I, II
AGE PROOF
: STANDARD / NSAP - I
DAB
: YES
POLICY LOAN
: YES
HOUSING LOAN
FORM NO.
BENEFITS
(A)
(B)
ON MATURITY
ON DEATH
NATURAL DEATH:
DOUBLE THE S.A. + ACCRUED BONUS
WITH DAB (ACCIDENTAL DEATH)
TRIPLE S.A. + ACCRUED BONUS
INSURANCE TYPE
: ENDOWMENT PLAN
:
:
:
:
:
:
:
:
NON-MEDICAL
FEMALE
: GENERAL : NO
SPECIAL: YES
: CATEGORY I, II, III
AGE PROOF
DAB
POLICY LOAN
HOUSING LOAN
FORM NO.
BENEFITS
(A) ON MATURITY
(B) ON DEATH
50 YEARS
15 YEARS
30 YEARS
70 YEARS
Rs. 50,000
DOI (DEPENDS ON INCOME)
ALL
YLY: 3%, HLY: 1.5%
FOR HOUSEWIVES:
MAX. SA 2 LACS WITHOUT INCOME PROOF.
For S.A. > 2 lacs to 15 lacs, Female life
Proposed should be graduate and should
Possesses passport or credit card or
Driving licence or Medi claim policy.
:
:
:
:
:
:
:
STANDARD / NSAP - I
YES RS. 2 PER 1000 S.A.
YES
YES
300 & 400
SUM ASSURED + ACCRUED BONUS
(b)
SUM ASSURED
(c)
(d)
(e)
(2)
(b)
INSURANCE TYPE
MINIMUM AGE ENTRY
MAXIMUM AGE ENTRY
MINIMUM TERM
MAXIMUM TERM
MAXIMUM MATURITY AGE
MINIMUM SUM ASSURED
MAXIMUM SUM ASSURED
MODE
REBATE FOR MODE
NON-MEDICAL
FEMALE
AGE PROOF
DAB
POLICY LOAN
HOUSING LOAN
FORM NO.
BENEFITS
:
:
:
:
:
:
:
:
:
:
:
ENDOWMENT PLAN
18 YEARS
60 YEARS
05 YEARS
25 YEARS
70 YEARS
Rs. 50,000
DOI (DEPENDS ON INCOME)
ALL
YLY: 3%, HLY: 1.5%
GENERAL : YES
SPECIAL : YES
: CATEGORY I, II, III
: STD / NON-STD
: YES
: YES
: YES
: 300
: This plan is suitable for making
provision for a start in life,
provision for marriage of child
or education of children. It gives the
certainty and assurance of the
insured
amount being available at the
Predetermined time of wedding or higher
education of the children.
(A)
ON MATURITY
(B)
ON DEATH
: YES
: YES
INSURANCE TYPE
: ENDOWMENT PLAN
: 18 YEARS
: 50 YEARS
MINIMUM TERM
: 12 YEARS
MAXIMUM TERM
: 30 YEARS
: 70 YEARS
:
:
:
:
FEMALE
AGE PROOF
DAB
POLICY LOAN
HOUSING LOAN
FORM NO.
BENEFITS
: INCL. IN TP
: YES
: YES
: 300
:* The special additional feature of this plan
(A)
ON MATURITY
(B)
ON DEATH
INSURANCE TYPE
MINIMUM AGE
ENTRY
: 13 YEARS
: 45 YEARS
MINIMUM TERM
: 25 YEARS
MAXIMUM TERM
: 25 YEARS
: 70 YEARS
: Rs. 50,000
MODE
: ALL
: YLY: 3%,
NON-MEDICAL
: GENERAL : YES
FEMALE
SPECIAL : YES
: CATEGORY I, II, III
AGE PROOF
DAB
: YES
POLICY LOAN
: YES
HOUSING LOAN
: YES
FORM NO.
: 300 / 340
BENEFITS
HLY: 1.5%
: STANDARD / NON-STANDARD
(A)
SURVIVAL BENEFITS
: AFTER 05 YEARS
AFTER 10 YEARS
AFTER 15 YEARS
AFTER 20 YEARS
(B)
(B)
ON
ON
MATURITY
DEATH
15%
15%
15%
15%
OF
OF
OF
OF
S.A.
S.A.
S.A.
S.A.
: YES
: YES
INSURANCE TYPE
:
MINIMUM AGE ENTRY
:
MAXIMUM AGE ENTRY
:
MINIMUM TERM
:
MAXIMUM TERM
:
MINIMUM MATURITY AGE :
MAXIMUM MATURITY AGE:
MINIMUM SUM ASSURED :
MAXIMUM SUM ASSURED :
MODE
:
REBATE FOR MODE
:
MEDICAL
:
FEMALE (PROPOSER)
:
AGE PROOF
:
:
DAB
POLICY LOAN
HOUSING LOAN
ASSIGNMENT
FORM NO.
:
:
:
:
:
:
BENEFITS
(A)ON MATURITY
(B)
ON DEATH
:
:
CHILDREN PLAN
00YEARS LBD
12 YEARS LBD
15 YEARS
35 YEARS
20 YEARS
45 YEARS
Rs. 50000
WITH RESTRICTION Rs. 15 LACS
ALL EXCEPT SSS + SINGLE PREMIUM
ALL YLY : 3% HLY: 1.5%
UPTO 8 LACS NO MEDICAL
CAT I, II
STD
SCHOOL GOING PROOF IfAGE IS 5 YEARS OR
MORE
YES, WITH RESTRICTION
NO
NO
NO
360 UPTO AGE 9 YEARS
340 AGE 10 TO AGE 12 YRS
This plan is specially designed for children
Between 1 to 12 years. Risk coverage starts on
completion of 7 years of age or 2 years from
commencement of the policy whichever is later
SUM ASSURED + BONUS
(1) NATURAL AS WELL AS ACCIDENTAL:
S.A. + BONUS
(C)
(D)
INSURANCE TYPE
CHILDREN PLAN
18 YEARS COMPLETED
45 YEARS
MINIMUM TERM
18 YEARS
MAXIMUM TERM
25 YEARS
65 YEARS
Rs. 50000
MODE
ALL
YLY : 3%
NON-MEDICAL
GENERAL: YES
SPECIAL: YES
HLY: 1.5%
FEMALE
CAT I, II
AGE PROOF
STD / NSAP - I
DAB
YES
POLICY LOAN
NO
HOUSING LOAN
NO
FORM NO.
300
BENEFITS
(A)
ON MATURITY
FIRST INSTALMENT
SECOND INSTALMENT
THIRD INSTALMENT
FINAL INSTALMENT
ON DEATH
NATURAL
:
:
(1) S.A.
(B)
ACCIDENTAL
and
INSURANCE TYPE
14 YEARS
55 YEARS
POLICY TERM
15 YEARS
12 YEARS
70 YEARS
Rs. 50000
MODE
ALL
YLY : 3%
NON-MEDICAL
FEMALE
CATEGORY I, II
AGE PROOF
STD / NSAP - I
DAB
YES
POLICY LOAN
NO
HOUSING LOAN
YES
HLY: 1.5%
FORM NO.
BENEFITS
(B) ON DEATH
300 / 340
A very popular money back plan with
increasing risk cover after every 5 years.
Premium payment is for lesser period than term
of the policy. * Early returns * Increased
survival benefit * Increase in risk cover (50%
of Sum Assured after every 5 years) * Freedom
from premium payment in last policy year *
Double Accident Benefit upto premium paying
term
PLAN 106-15(12)
AFTER 04 YEARS
AFTER 08 YEARS
AFTER 12 YEARS
AFTER 15 YEARS
30% OF S.A.
30% OF S.A.
40% OF S.A.
BONUS
PERIOD IN YEARS
1-5
6-10
11-15
S.A.
1.5 X S.A. 2 X S.A.
:
Additional Sum Assured is payable during the
premium paying term + Bonus Accrued upto
the date of death
NATURAL
ACCIDENT
INSURANCE TYPE
14 YEARS
50 YEARS
20 YEARS
15 YEARS
70 YEARS
Rs. 50000
MODE
ALL
YLY : 3%
NON-MEDICAL
:
:
GENERAL: NO
SPECIAL: YES
FEMALE
CATEGORY I, II
AGE PROOF
STD
DAB
YES
POLICY LOAN
NO
HLY: 1.5%
HOUSING LOAN
YES
FORM NO.
BENEFITS
300 / 340
A very popular money back plan with
increasing risk cover after every 5 years.
Premium payment is for lesser period than term
of the policy. * Early returns * Increased
survival benefit * Increase in risk cover (50%
of Sum Assured after every 5 years) * Freedom
from premium payment in last policy year *
Double Accident Benefit upto premium paying
term
(B) ON DEATH
NATURAL
PLAN 107-20(15)
AFTER 04 YEARS
AFTER 08 YEARS
AFTER 12 YEARS
AFTER 15 YEARS
AFTER 20 YEARS
25% OF
25% OF
25% OF
25% OF
BONUS
S.A.
S.A.
S.A.
S.A.
PERIOD IN YEARS
1-5
6-10
11-15
16-20
S.A.
1.5 X S.A.
2 X S.A.
2.5 X S.A.
:
Additional Sum Assured is payable during the
premium paying term + Bonus Accrued upto
the date of death
ACCIDENT
INSURANCE TYPE
14 YEARS
45 YEARS
25 YEARS
18 YEARS
70 YEARS
Rs. 50000
MODE
ALL
YLY : 3%
NON-MEDICAL
:
:
GENERAL: NO
SPECIAL: YES
FEMALE
CATEGORY I, II
AGE PROOF
STD
HLY: 1.5%
DAB
YES
POLICY LOAN
NO
HOUSING LOAN
YES
FORM NO.
BENEFITS
300 / 340
A very popular money back plan with
increasing risk cover after every 5 years.
Premium payment is for lesser period than term
of the policy. * Early returns * Increased
survival benefit * Increase in risk cover (50%
of Sum Assured after every 5 years) * Freedom
from premium payment in last policy year *
Double Accident Benefit upto premium paying
term
(B) ON DEATH
NATURAL
ACCIDENT
PLAN 108-25(18)
AFTER 04 YEARS
AFTER 08 YEARS
AFTER 12 YEARS
AFTER 15 YEARS
AFTER 18 YEARS
AFTER 25 YEARS
20% OF
20% OF
20% OF
20% OF
20% OF
BONUS
S.A.
S.A.
S.A.
S.A.
S.A.
PERIOD IN YEARS
1-5
6-10
11-15
16-20
21-25
S.A.
1.5XS.A. 2 X S.A. 2.5 X S.A. 3 X S.A.
:
Additional Sum Assured is payable during the
premium paying term + Bonus Accrued upto
the date of death
INSURANCE TYPE
22 YEARS
60 YEARS
10 YEARS
35 YEARS (10,15,20,25,30,35)
70 YEARS
Rs. 50000
5 LACS
MODE
ALL
YLY : 3%
NON-MEDICAL
GENERAL: NO
SPECIAL: NO
YES
DAB
HLY: 1.5%
AGE PROOF
STD
POLICY LOAN
NO
HOUSING LOAN
NO
BENEFITS
ON DEATH OF L.A.
INSURANCE TYPE
ENDOWMENT PLAN
18 YEARS COMPLETED
50 YEARS NBD
MINIMUM TERM
15 YEARS
MAXIMUM TERM
30 YEARS
70 YEARS NBD
Rs. 50000
MODE
ALL
YLY : 3%
NON-MEDICAL
GENERAL: NO
SPECIAL: YES
HLY: 1.5%
FEMALE
AGE PROOF
STD / NSAP - I
DAB
YES
POLICY LOAN
YES
HOUSING LOAN
YES
FORM NO.
300
BENEFITS
(A) ON MATURITY
(B) ON DEATH
:
:
CATEGORY I, II
(C) PERMANENT
DISABILITY BENEFIT
YES
TERM RIDER
NO
INSURANCE TYPE
20 YEARS
65 YEARS
MINIMUM TERM
10 YEARS
MAXIMUM TERM
40 YEARS
75 YEARS
Rs. 50000
MODE
YLY : 3%
NON-MEDICAL
GENERAL: YES
SPECIAL: YES
HLY: 1.5%
FEMALE
AGE PROOF
DAB
YES
POLICY LOAN
NO
HOUSING LOAN
NO
FORM NO.
300
BENEFITS
INSURANCE TYPE
18 YEARS LBD
65 YEARS LBD
50 YEARS LBD
79 YEARS LBD
02 YEARS
Rs. 10000/-
Rs. 2500/-
Rs. 250/-
AGE PROOF
FEMALE
CATEGORY I, II
REVIVAL
YES
TERM RIDER
ALLOWED
35 YEARS
Single Pre.
FORM NO.
440 (REVISED)
POLICY LOAN
NO
ASSIGNMENT
NO
TERM RIDER
REBATES ON MODE
Continued..
(PLAN NO 147/148)
2
BENEFITS
INSURANCE TYPE
MINIMUM TERM
:5 YEARS
MAXIMUM TERM
MODE
: ALL
: YLY : 3%
NON-MEDICAL
: GENERAL: YES
:57 YEARS
HLY: 1.5%
: SPECIAL: YES
FEMALE
: CAT I,II,III
AGE PROOF
: STD/NON STD
DAB
POLICY LOAN
: YES
HOUSING LOAN
: YES
FORM NO.
: 300 (REV)
BENEFITS
DEATH BENEFIT
CRITICAL RIDER
INSURANCE TYPE
MODE REBATE
MEDICAL EXAM
DAB
AGE PROOF
POLICY LOAN
REVIVAL
MINIMUM TERM
MAXIMUM TERM
PROPOSAL FORM
PROPOSER
:
:
:
:
:
:
:
:
:
:
POLICY AS A GIFT
COMMENCEMENT OF RISK:
PAID-UP VALUE
SURRENDER VALUE
:
:
GUARANTEED
SURRENDER VALUE
(1)
(2)
:
:
:
:
10 YEARS NBD
26 YEARS LBD
YLY,HLY,QLY,SSS & SINGLE PREMIUM
Rs. 100000 THEREAFTER IN MULTIPLE OF
Rs.25,000
Rs. 25,00,000 within the overall
permissible limit of Rs.50 lakhs
YLY 2%, HLY 1%
NO
NO
STD
NO
YES
08 YEARS
18 YEARS
360
Father or Mother (Female cat-I,II) or
Legal guardian (if parents are not alive)
Close relatives can gift Single Premium
policy under this plan. Even in case of gift
proposer should be either father or mother or
legal guardian as the case may be
conted
..2.
(3)
BENEFITS
INSURANCE TYPE
MINIMUM AGE ENTRY
: ENDOWMENT
: 18 YEARS COMPLETED
65
05
25
75
YEARS NBD
YEARS
YEARS
YEARS NBD
GSV
SPECIAL SURRENDER
VALUE
CONTD
PLAN NO. 162
TRANSFERABILITY
BENEFITS
(A) MATURITY
:
: SUM ASSURED + VESTED GUARANTEED
ADDITION (@Rs.50/- PER 1000 S.A. PER
ANNUM FOR THE FIRST 5 YEARS) AND
REVERSIONARY BONUSES DECLARED FROM
TIME TO TIME BY LIC
: AS ABOVE
YES
TERM RIDER
YES
INSURANCE TYPE
18 YEARS COMPLETED
55 YEARS NBD
65 YEARS
MINIMUM TERM
5 YEARS
MAXIMUM TERM
25 YEARS
Rs. 500000
MODE
Regular: NIL
S.P.: 1% of SA FOR SA 25 lacs & above
FEMALE
CAT I,II
AGE PROOF
STD
NON-MEDICAL
NO
MEDICAL
YES
PAID UP VALUE
NO
SURRENDER VALUE
NO
POLICY LOAN
NO
GRACE PERIOD
15 DAYS
FORM NO.
300 (REV)
BENEFITS
(WITH PROFIT)
INSURANCE TYPE
: 12 YEARS COMPLETED
: 60 YEARS NBD
TERM
: 10 TO 35 YEARS
MINIMUM PREMIUM
MAXIMUM PREMIUM
MODE
TERM RIDER
: YLY : 2%
: NIL
CEIS REBATE
: 10% OF T.A.
DAB
: YES
BACK DATING
: YES
SURRENDER VALUE
: After 3 years
G.S.V.
PAID UP VALUE
: After 3 years
PARTIAL SURRENDER
: Allowed
AUTO COVER
POLICY LOAN
: YES
FORM NO.
BENEFITS
(A) MATURITY
(B)DEATH
HLY: 1%
INSURANCE TYPE
: ENDOWMENT
: 18 YEARS COMPLETED
: 65 YEARS NBD
POLICY TERM
: 5,10,15,20 OR 25 Years
: 3, 4 AND 5 YEARS
LARGE SA REBATE
CEIS REBATE
: 3% of Tab. Prem.
PAID UP VALUE
SURRENDER VALUE
BENEFITS
(A) MATURITY
(B) DEATH
LOAN
: YES
UNDERWRITING
AGE PROOF
ACCIDENT BENEFIT
: NO
ENDOWMENT PLAN
20 YEARS NBD
60 YEARS NBD
70 YEARS NBD
5 YEARS FOR SINGLE PREMIUM
& 10 YEARS FOR REGULAR PREMIUM
MAXIMUM TERM
: 25 YEARS
MINIMUM SUM ASSURED : Rs. 50,000 (THEREAFTER IN MULTIPLE OF Rs. 5000/-)
MAXIMUM SUM ASSURED : NO LIMIT
MODE
: ALL MODES & SINGLE PREMIUM
: YLY : 2%
NON-MEDICAL
: GENERAL: YES
INSURANCE TYPE
:
MINIMUM AGE ENTRY
:
MAXIMUM AGE ENTRY
:
MAXIMUM MATURITY AGE:
MINIMUM TERM
:
: SPECIAL: YES
AGE PROOF
FEMALE
POLICY LOAN
: YES
REVIVAL
: YES
DAB
: YES
FORM NO.
: 300
BACK DATING
: YES
PAID UP VALUE
G.S.V.
BENEFITS
DEATH BENEFIT
ASSURED BENEFIT
: Sum Assured
: 20% of SA at start of every year during last 3
Years
Maturity: 40% of S.A. + Reversionary
bonus+ terminal bonus (if any)
YES
YES
PLAN -169
JEEVAN NIDHI
INSURANCE TYPE
: 18 YEARS COMPLETED
: 65 YEARS NBD
MINIMUM TERM
DEFERMENT TERM
MAXIMUM TERM
DEFERMENT TERM
: 35 YEARS
MODE
NON-MEDICAL
: GENERAL: YES
FEMALE
: CAT I,II,III
AGE PROOF
POLICY LOAN
: YES
REVIVAL
DAB
: YES
POLICY LOAN
: NO
PAID UP VALUE
: AFTER 3 YEARS
G.S.V.
REVIVAL
SPECIAL: YES
BACK DATING
: YES
FORM NO.
: 300
CONTD.
PLAN NO. 169
BENEFITS
ON VESTING
ON DEATH BEFORE
VESTING
ANNUITY OPTION
INSURANCE TYPE
MINIMUM AGE
: 70 YEARS
TERM
:5
: 75 YEARS
: Rs. 25000
MODE
: SINGLE PREMIUM
PREMIUM RATE
: SINGLE PREMIUM
ENTRY
: 13 YEARS COMPLETED
AND 10 YEARS
FORM NO.
: 300 / 340
POLICY LOAN
REBATE TO STAFF
BENEFITS
(A)
(B)
ON
ON
: 2 % OF TABULAR PREMIUM
:
MATURITY
DEATH
TERM RIDER
Loyalty Adiition
S.A. + Guaranteed Addition +
Term rider S.A. (if opted )
: YES
Age at Entry
18 to 50 years
BACK DATING
GURANTEED ADDITION
: YES
:
i) For 5 year Term : Rs. 50 per thousand per year
ii) For 10 year Term : Rs. 55 per thousand per year
PLAN-175 - BIMA
BACHAT
(W.E.F 14-11-2005)
INSURANCE TYPE
MINIMUM AGE
: 66 YEARS NBD
TERM
: 9, 12 OR 15
: 75 YEARS NBD
MODE
: SINGLE PREMIUM
S.A. REBATE
ENTRY
: 15 YEARS (COMPLETED)
YEARS
NON-MEDICAL
: YES
FEMALE
AGE PROOF
: STANDARD / NON-STANDARD
DAB
: NO
POLICY LOAN
: YES
HOUSING LOAN
: NO
FORM NO.
: 300 / 340
(A)
BENEFITS :
SURVIVAL BENEFITS
FOR POL. TERM . 9 YRS
(B)
ON
MATURITY
(C)
(D)
(E)
ON DEATH
SURRENDER VALUE
GURANTEED S.V.
policy year
: 15% of S.A. at the end of each 3rd , 6TH &
9th policy year
: 15% OF S.A. at the end of each 3rd , 6TH ,
9th & 12th policy year.
: SINGLE PREMIUM PAID (EXCLUDING EXTRA
PREMIUM) + LOYALTY ADDITION.
: SUM ASSURED
: AFTER 1 YEAR
: 90 % OF Single premium excluding
extra premium paid & survival benefits paid.
INSURANCE TYPE
: WHOLE OF LIFE PLAN
MINIMUM AGE ENTRY
: 0 YEARS
MAXIMUM AGE ENTRY
: 60 YEARS NBD
ACCUMULATION PERIOD : 10, 15 AND 20 YEARS
ACCUMULATION PERIOD : 10, 15 AND 20 YEARS
PREMIUM PAYING TERM : 6, 10, 15 AND 20 YEARS
MAX. PREMIUM CEASING
AGE
: 70 YEARS NBD
LIFE COVER AVAILABLE :UP TO AGE 100 YEARS (COMPLETED)
MIN. AGE AT THE END OF
ACCUMULATION PERIOD : 18 YEARS (COMPLETED)
MODE
: SINGLE PREM., YLY, HLY, QLY, MLY,SSS
MINIMUM SUM ASSURED : Rs. 1 Lakh (thereafter in multiples of Rs.5000)
MAXIMUM SUM ASSURED : DOI (DEPENDS ON INCOME)
AGE PROOF
: STANDARD / NON-STANDARD (WR)
DAB
: YES (during accumulation period)
TERM RIDER
: YES (during accumulation period)
CRITICAL ILLNESS RIDER: YES (during accumulation period)
PWB
: YES, ALLOWED
POLICY LOAN
: YES
MODE REBATE
: YLY 2%, HLY 1%, MLY 5% EXTRA
HIGH S.A. REBATES
: For Regular Premium:
Rs. 1.25%o S.A. for S.A. Rs. 2 lakh & over
Rs. 2.25%o S.A. for S.A. Rs. 5 lakh & over
For Single Premium:
Rs. 7.50%o S.A. for S.A. Rs. 2 lakh & over
Rs. 12.50%o S.A. for S.A. Rs. 5 lakh & over
CEIS REBATE
: 2% of the Single Premium
5% of Regular premium for PPT: 10 yrs
NON-MEDICAL
FEMALE
MINOR LIVES
PAID-UP VALUE
GUARANTEED S.V.
..2
CONTINUED
PLAN NO.178
*
*
REVIVAL
: YES
BACK DATING
: YES
FORM NO.
BENEFITS
INSURANCE TYPE
AGE AT EXPIRY OF
EXTENDED TERM
:
MINIMUM SUM ASSURED :
MAXIMUM SUM ASSURED :
POLICY TERM
:
MODE
MODE REBATE
CEIS REBATE
PAID UP VALUE
: AFTER 3 YEARS
POLICY LOAN
: YES
NON-MEDICAL
FEMALE
AUTO COVER
EXTENDED TERM
AGE PROOF
: STANDARD
UNDERWRITING
CONTINUED
Plan-179
:2 :
GUARANTEED S.V.
BENEFITS
(A) Death Benefits
(B) Survival Benefits
:
: During the Policy term: S.A.
During the extended Term: 50% of S.A.
: For policy term 12 years:
15% of the S.A. at the end of each 4th, 8th Policy Yr.
For policy term 16 years:
15% of the S.A. at the end of each 4th, 8th & 12th
Policy year
For policy term 20 years:
10% of the S.A. at the end of each 4th, 8th 12th &
16th Policy year
On expiry of Policy Term:
Total amount of Premiums paid ,
(Excluding extra/optional rider premiums, if any)
plus loyalty additions, if any, less the amount
of survival benefits paid earlier.
REVIVAL
: YES
FORM NO.
: 300 or 340
TERM RIDER
: NO
----------
INSURANCE TYPE
:
MINIMUM AGE ENTRY
:
MAXIMUM AGE ENTRY
:
MINIMUM MATURITY AGE :
MAXIMUM MATURITY AGE:
MINIMUM SUM ASSURED :
MAXIMUM SUM ASSURED :
POLICY TERM
:
PREMIUM PAYING TERM :
MODE
:
REBATE FOR MODE
:
FEMALE (PROPOSER)
:
AGE PROOF
:
:
AUTO COVER
PREMIUM WAIVER BENI
BACK DATING
POLICY LOAN
HOUSING LOAN
ASSIGNMENT
SUCIDE CLAUSE
:
:
:
:
:
:
:
EXTENDED TERM
CHILDREN PLAN
00YEARS LBD
12 YEARS LBD
23 YEARS LBD
27 YEARS LBD
Rs. 100000
Rs. 1 CRORE(IN MULTIPLE OF Rs. 5000)
11 TO 27 YEARS
6 YEARS & POLICY TERM LESS 5 YEARS
YLY, HLY, QLY, SSS
YLY : 2% HLY: 1%
CAT I, II
STD
SCHOOL GOING PROOF IF AGE IS 5 YEARS OR
MORE
FOR 2 YEARS (AFTER 2 YEARS)
YES
YES
NO
NO
NO, BUT ALLOWED AFTER VESTING
Not applicable for the basic Plan but
Applicable for optional PWB
7 Years from the date of expiry of Policy
..2
CONTINUED
PLAN NO.184
Death Benefit :
RISK COVER OF THE CHILD:For child age entry less than or equal to
10 years Risk Commence fromeither after 2 years from DOC or 5 years age of
LA whichever is later. For age entry 10 to 12 years the risk shall commence
from the policy anniversary coinciding with or next following 12 th birthday of
LA. Age 12 years or more risk will commence immediately.
MATCHING INSURANCE: Parents Insurance will not be insisted.
upto Rs.2 Lacs S.A. (If PWB is not opted) upto Rs.5 Lacs S.A. (If PWB is
opted for and allowed)
Guaranteed Surrender Value :The policy can be surrendered for cash
provided at least three full years' premiums have been paid.
INSURANCE TYPE
:
MINIMUM AGE ENTRY
:
MAXIMUM AGE ENTRY
:
MINIMUM MATURITY AGE :
MAXIMUM MATURITY AGE:
MINIMUM SUM ASSURED :
MAXIMUM SUM ASSURED :
POLICY TERM
:
PREMIUM PAYING TERM :
MODE
:
REBATE FOR MODE
:
FEMALE (PROPOSER)
:
AGE PROOF
:
:
AUTO COVER
PREMIUM WAIVER BENI
BACK DATING
POLICY LOAN
HOUSING LOAN
ASSIGNMENT
:
:
:
:
:
:
CHILDREN PLAN
00YEARS LBD
12 YEARS LBD
23 YEARS LBD
27 YEARS LBD
Rs. 100000
Rs. 1 CRORE(IN MULTIPLE OF Rs. 5000)
11 TO 27 YEARS
6 YEARS & POLICY TERM LESS 5 YEARS
YLY, HLY, QLY, SSS
YLY : 2% HLY: 1%
CAT I, II
STD
SCHOOL GOING PROOF IfAGE IS 5 YEARS OR
MORE
FOR 2 YEARS (AFTER 2 YEARS)
YES
YES
NO
NO
NO, BUT ALLOWED AFTER VESTING
SUCIDE CLAUSE
EXTENDED TERM
..2
CONTINUED
PLAN NO.185
Death Benefit :
RISK COVER OF THE CHILD:For child age entry less than or equal to
10 years Risk Commence from either after 2 years from DOC or 5 years age of
LA whichever is later. For age entry 10 to 12 years the risk shall commence
from the policy anniversary coinciding with or next following 12 th birthday of
LA. Age 12 years or more risk will commence immediately.
MATCHING INSURANCE:
The policy can be surrendered for cash provided at least three full years'
premiums have been paid.The Guaranteed Surrender Value allowed under this
Policy is as under:
1 Before the Date of Commencement of Risk: 90 percent of the total amt.
of the premiums paid excluding the premiums paid for the first year.
PROFITS
INSURANCE TYPE
: 12 YEARS LBD
: 60 YEARS NBD
POLICY TERM
: 10 TO 30 YEARS
: 70 YEARS, NBD
: Rs. 1,00,000
MODE
: YLY, HLY
: YLY: 2% ,
NON-MEDICAL
FEMALE
AGE PROOF
POLICY LOAN
CRITICAL ILLNESS RIDER
TERM RIDER
PAID-UP VALUE
GSV
: YES
: NO
: NO
: After 1 year
: 30 % of premiums paid ( excluding
extra premiums paid , if any )
FORM NO.
: 300 OR 340
BENEFITS :
(A)
ON MATURITY
(B)
ON DEATH
HLY: NIL
INSURANCE TYPE
: 12 YEARS (completed)
: 60 YEARS NBD
POLICY TERM
: 5 TO 20 YEARS
premium)
: 65 YEARS NBD
DAB
PWB : NO
FEMALE
: NO
MODE REBATE
MAXIMUM PREMIUM
: NO LIMIT
SUM ASSURED
PREMIUM ALLOCATION
CHARGE
INVESTMENT FUND
TYPES
: NIL
: Rs. 20,000.
.continued
PLAN NO.187
MORTILITY CHARGES
SWITCHING
NAV
: DAILY BASIS
PARTIAL WITHDRAWALS
POLICY LOAN
: NO
NRI
REVIVAL
: YES
BACK DATING
: NOT ALLOWED
NOMINATION
: YES
ASSIGNMENT
: YES
UNIT STATEMENT
BENEFITS: (A) BENEFITS PAYABLE ON DEATH: When the cover is in full force,
: YES , ALLOWED
: EVERY YEAR
INSURANCE TYPE
MINIMUM AGE ENTRY
MAXIMUM AGE ENTRY
POLICY TERM
PREMIUM PAYING TERM
:
:
:
:
:
: YES, ALLOWED
AGE PROOF : STANDARD / NON STANDARD
FEMALE
: CATEGORY: I, II & III
MODE : YLY, HLY, QLY, MLY(ECS) & SINGLE PREMIUM
MODE REBATE
: NIL
MINIMUM PREMIUM
MAXIMUM PREMIUM
PREMIUM ALLOCATION
CHARGES
INVESTMENT FUND
TYPES
.continued
PLAN NO.188
: Recoverable On monthly basis by Cancellation
of Units till S A > fund value
MORTILITY CHARGES
SWITCHING
NAV
: DAILY BASIS
PARTIAL WITHDRAWALS
: NO
: YES , ALLOWED
POLICY LOAN
NRI
REVIVAL
BACK DATING
NOMINATION
ASSIGNMENT
UNIT STATEMENT
INCREASE/DECREASE
SURRENDER (EXIT)
BENEFITS: (A) BENEFITS PAYABLE ON DEATH: When the cover is in full force,
:
:
:
:
YES
NOT ALLOWED
YES
YES
: EVERY YEAR
IN BENEFITS : NO, NOT ALLOWED
: After 3 years, fund value is payable Without
any surrender charge.
INSURANCE TYPE
: 40 YEARS LBD
: 79 YEARS LBD
: Rs.
MODE
REBATE
CEIS REBATE
AGE PROOF
MEDICAL
LOAN
: NO
SURRENDER VALUE
: NO
NOMINATION
: YES
ASSIGNMENT
: NO
TERM RIDER
: NO
PROPOSAL FORM
1.
2.
3.
4.
5
6.
INSURANCE TYPE
: 18 YEARS COMPLETED
MAXIMUM SUM ASSURED : NO UPPER LIMIT (IN MULTIPLES OF Rs. 1 lac SA)
MODE
: NO MODE REBATE
HLY. Additional prem. of 2% of the Tab. Prem.
MEDICAL
: Yes, By DMR/addi. DMR or by TPA
Exam. & Sp. Reports will be
Borne by the Corporation.
FEMALE
: CAT I,II
AGE PROOF
: STD
DAB / CIR
: NO
TERM RIDER
: NO
PAID UP VALUE
: NO
SURRENDER VALUE
: NO
REVIVAL
POLICY LOAN
BACK DATING
: YES
ASSIGNMENT/NOMI.
: YES
FORM NO.
: 300 OR 340
BENEFITS
(A) ON MATURITY
: NIL
(B) ON DEATH
: SUM ASSURED
: 60 YEARS NBD
: 5 YEARS
Rs.1
INSURANCE TYPE
UNIT IDENTIFICATION NO
: 512L249V01
MINIMUM AGE ENTRY
: 18 YEARS (completed)
MAXIMUM AGE ENTRY
: 74 YEARS NBD: 65 YEARS NBD (with life cover)
MIN.DEFEREMENT PERIOD
: 5 YEARS
MIN. AGE AT VESTING : 40 YEARS LBD
MAX. AGE AT VESTING: 79 YEARS NBD(without life cover)
: 75 YEARS NBD (with life cover)
MAX. LIFE COVER CEASING AGE : 75 YEARS NBD
MINIMUM SUM ASSURED : Rs.25000
MAXIMUM SUM ASSURED: Single Premium: Equal to Sing. Prem.
: Regular Premium (If CIR not opted for)
20 times of the annualized premium if age entry up to 40 years
10 times of the annualized premium if age entry 41 years & above
MINIMUM PREMIUM
MAXIMUM PREMIUM
: NO LIMIT
DAB
MODE
MODE REBATE
POLICY LOAN
FEMALE
REVIVAL
: YES
BACK DATING
: NO
NOMINATION
: YES
ASSIGNMENT
: NO
: YES , ALLOWED
AGE PROOF
.continued
PLAN NO.191
PROPOSAL FORM
SWITCHING
: SPECIAL FORM
PREMIUM ALLOCATION
CHARGES
MORTILITY CHARGES
TOP-UP(ADDITIONAL PREMIUM )
INCREASE IN BENEFITS
: NO
DECREASE IN BENEFITS
PARTIAL WITHDRAWALS
: NOT ALLOWED
REVIVAL
SURRENDER (EXIT)
BENEFITS
: YES
(A)
BENEFITS PAYABLE ON DEATH BEFORE VESTING:
-S.A. + FUND VALUE OF UNITS
Either in a lump sum or in the form of pension.
(If without risk cover, then the Fund value of units)
Partially as a lump sum and the balance as an annuity is also allowed.
(B)
BENEFITS ON VESTING:
Fund Value will compulsorily be utilized to provide an annuity.
(Only one third of the fund value may be commuted)
Policy holder can purchase pension from any Insurance Co.
INSURANCE TYPE
:
MONEY BACK PLAN EXCLUSIVELY FOR FEMALES
UNIQUE IDENTIFICATION NO : 512N247V01
MINIMUM AGE ENTRY
:
18 YEARS COMPLETED
MAXIMUM AGE ENTRY
:
55 YEARS NBD
MINIMUM TERM
:
15 YEARS
MAXIMUM TERM
:
20 YEARS
MAXIMUM MATURITY AGE:
70 YEARS NBD
MINIMUM SUM ASSURED :
Rs. 50000 THEREAFTER IN MULTIPLE OF
Rs. 5000
MAXIMUM SUM ASSURED :
Rs. 25,00,000
MODE
:
YEARLY ONLY
REBATE FOR MODE
:
NIL
REBATE FOR HIGH SA
:
For SA Rs.1 lakh to Rs. 4,99,999 at @ Rs
2 per 1000 SA of TP, for SA Rs. 5 lakhs
& above Rs. 4 per 1000 SA of TP.
CEIS REBATE
:
10% of TP IF purchased from LIC directly.
NON-MEDICAL
:
GENERAL: NO : SPECIAL: NO
FEMALE
:
CATEGORY I, II, III
AGE PROOF
:
STD
DAB
:
YES
CRITICAL ILLNESS RIDER:
YES
CONGENITAL DISABILITY BENEFIT RIDER : YES
POLICY LOAN
:
YES
REVIVAL
:
YES
BACKDATING
:
YES, ALLOWED
ASSIGNMENT/NOMINATION : YES
PAID UP VALUE
:
AFTER PAYMENT OF 3 FULL YEARS PREM.
FORM NO.
CONTD
PLAN NO. 192
BENEFITS
(A) DEATH CLAIM
for 15 yr.Plan
AFTER 5 YEARS
AFTER 10 YEARS
AFTER 15 YEARS
20% OF S.A.
20% OF S.A.
-
20% OF S.A.
20% OF S.A.
20% OF S.A.
INSURANCE TYPE
: 00 YEARS
: 65 YEARS NBD
: 18 YEARS LBD
: 75 YEARS NBD
POLICY TERM
: 5 TO 30 YEARS
MINIMUM PREMIUM
o
o
MODE
: YLY, HLY, QLY, MLY (ECS only)
MODE REBATE
: NIL
POLICY LOAN
: NO
FEMALE
: CATEGORY: I, II & III
PWB
: NO
CRITICAL ILLNES RIDER
: YES , ALLOWED
AGE PROOF
REVIVAL
: YES
BACK DATING
: NO
NOMINATION
: YES
ASSIGNMENT
: YES
.continued
PLAN NO.193
2
INVESTMENT FUND TYPES: BOND FUND, SECURED FUND, BALANCED
FUND AND GROWTH FUND
NAV
: DAILY BASIS
SWITCHING
UNIT STATEMENT
: EVERY YEAR
PREMIUM ALLOCATION
CHARGES
MORTILITY CHARGES
o TOP-UP(ADDITIONAL PREMIUM )
INCREASE IN BENEFITS
: NO
DECREASE IN BENEFITS
PARTIAL WITHDRAWALS
: YES, AFTER 3 YEARS.
REVIVAL
: YES
SURRENDER (EXIT)
: After 3 years only, no surrender charge.
Once a policy is surrender it can not be
reinstated.
SATTLEMENT OPTION : 1 month prior to maturity (notice)
- Extended for 5 years
- Payable by Yly or Hly installments
- Not allowed under lapsed policies
- No life covers during this period
PROPOSAL FORM
BENEFITS :
: SPECIAL FORM
INSURANCE TYPE
: Unit Linked Health Insurance Plan
Which provides Insurance cover against health risks
1. Hospital Cash Benefit (HCB), per day basis
2. Major Surgical Benefit (MSB), on % of SA basis
3. Domiciliary Treatment Expenses
DAB
CRITICAL ILLNES RIDER
POLICY LOAN
REVIVAL
BACK DATING
: No
:
:
:
:
.continued
PLAN NO. 901
2
BACK DATING
NOMINATION
ASSIGNMENT
PROPOSAL FORM
BENEFITS :
: No
: Yes
: No
: SPECIAL FORM
Principal
Insured (PI)
) Minimum Initial Daily Rs. 250/Benefit (in a ward
other than ICU)
) Maximum
initial Rs. 2,500/daily amount
Insured Dependent
Children (if any)
Rs. 250/-
[18]years
last
birthday
years
) Maximum entry age [55]
Nearest birthday
) Maximum
cover 65 years nearest
birthday
ceasing age
[18]
years
birthday
[55] years Nearest
birthday
65 years nearest
birthday
) Maximum
annual 18 days in year 1,
60 days per year
benefit period
thereafter,
inclusive of stay
in ICU. Max. no.
of days in ICU is
restricted to 9
days in year 1
and to 30 days
thereafter.
) Maximum Lifetime 365 days
Benefit period
18 days in year 1, 60
days
per
year
thereafter, inclusive
of stay in ICU. Max.
no. of days in ICU is
restricted to 9 days
in year 1 and to
30days thereafter.
18 days in year 1, 60
days per year thereafter,
inclusive of stay in ICU.
Max. no. of days in ICU
is restricted to 9 days in
year 1 and to 30 days
thereafter.
365 days
365 days
Nearest
nearest
.continued
PLAN NO. 901
3
)
)
)
)
Principal
Insured (PI)
200 times of
Sum Assured
Initial
Daily
benefit of HCB
of PI
Min. age for [18] years last
commencement birthday
of cover
Max.
cover 65 years nearest
birthday
ceasing age
Max. annual 100% of S A
benefit
Maxi. Lifetime 3 times the Sum
Assured
Benefit
Insured Spouse
(if any)
200 times of Initial
Daily benefit of
HCB of Insured
Spouse
[18] years last
birthday
Insured Dependent
Children (if any)
200 times of Initial
Daily benefit of HCB of
each child
[18] years last birthday
65 years nearest 25
years
birthday
birthday
100% of S A
100% of S A
3 times the Sum 3 times
Assured
Assured
nearest
the
Sum
a) Minimum
allowed
payment
b) Maximum
amount
each
.continued
PLAN NO. 901
*****