Whole Life Schemes

1 Whole life with profits plan-002 Sum Assured Min Max 50,000 no limit

2 Limited

payment whole life plan 005(with profits)

50,000 no limit

3 Single premium

plan no. 8 with profits

30,000 no limit

Endowment Schemes
4 Endowment with profit plan- 014 50,000 no limit

5 Limited

payment endowment with profit plan no 48

50,000 no limit

6 Jeevan mitra plan no 88

50,000 no limit

7 Jeevan

mitra triple cover plan no 133

50,000 no limit

8 Jeevan Anand plan - 149

1,00,000 no limit

9 New

Janraksha Plan 91

30,000 2,00,000

Term assurance plan

10 Anmol-jeevan-1

(without profit)

5 lakh 3 crore

11 Term

assurance plan no 43

50,000 1 crore

12 Convertible term

assurance plan no 58

50,000 10 crore

Plans for needs of children

13 Jeevan

Anurag table no 168 159

50,000 no limit

14 Komal Jeevan:

1 lakh 25 lakh

15 Jeevan

Kishore plan no 102

50,000 no limit

16 Jeevan

Chaya Plan 103

50,000 no limit

17 Marriage endowment/educational annuity

plan no 90

50000 no limit

18 Childrens

deferred plan 041 and 050

50,000 no limit

Periodic money back plan

19 BIMA

GOLD

40,000 no limit

20 Jeevan

Rekha Plan 152

2 Lakh no limit

21 Money

back with profit

50,000 no limit

22 Jeevan

surabhi plan 106, 107, 108

50,000 no limit

24 Jeevan

Bharati plan 160-exclusive plan for women

50,000 2.5lakh

Policy for benefits for handica

25 Jeevan

Adhar plan 114

50,000 no limit

26 Jeevan

Vishwas plan 136

50,000 no limit

Plans to cover housing loan

27 Mortgage redemption

plan no 52

50k

10 lakh

Joint life Plan

28 jeevan

sathi plan 89

50k

no limit

Plan for high worth individual

30 Jeevan

shree-1 table no 162

5 laks

25 lakh

31 Jeevan

Pramukh

10 lakh

no limit

Capital market linked plan

32 Bima

plus plan 140 Special Plan

33 Jeevan

saral plan 165

Min premium per month: 250 for age<=49 years a

34 Future Plus

t. no. 172(pension plan)

Min premium 10000/annum for single premium m

Investment plan
35 Bima

nivesh

25,000 no limit

hole Life Schemes

Payment mode Y, HY, Q, M, Salary saving schemes Policy Loan Yes Age Min 18 Max 60

Y, HY, Q, M, Salary saving schemes

yes

12

60

single prem. Only

yes

12

60

ndowment Schemes
Y, HY, Q, M, Salary saving schemes yes 12 65

Y, HY, Q, M, Salary saving schemes

no

12

65

Y, HY, Q, M, Salary saving schemes

yes

18

50

Y, HY, Q, M, Salary saving schemes

yes

18

50

Y, HY, Q, M, Salary saving schemes

yes

18

65

Y, HY, Q, M, Salary saving schemes

yes

18

50

rm assurance plan
Y, HY , and single prem. no 18 55

single prem.

no

18

60

Y, HY, Q, M, Salary saving schemes

no

18

50

ans for needs of children

Y, HY, Q, M, Salary saving schemes yes 20 60

Y, HY, Q, M, Salary saving schemes

no

10

Y, HY, Q, M, Salary saving schemes

no

12

Y, HY, Q, M, Salary saving schemes

no

18

40

Y, HY, Q, M, Salary saving schemes

yes

18

60

M, Q, HY, Y

no

17

eriodic money back plan

all yes 14 63

all

yes

13

65

all

no

13

50

all

no

14 to 55(106), 50(107), 45(108)

yearly

no

18

50

olicy for benefits for handicapped

all no 22 65

all

no

20

60

ans to cover housing loan

all no 20 50

int life Plan

all yes 20 50

an for high worth individual

all yes 18 65

Yearly, Half-yearly, Quarterly or Monthly. yes

18

65

apital market linked plan

Single prem or HY or yearly

pecial Plan

month: 250 for age<=49 years and 400 for age>49 Yes

12

60

000/annum for single premium mode and 5000 under regular premium mode 65 18
single prem. Or yearly or HY

vestment plan
yes 13 70

Benefits survival benefits sum assured+accumulated bonuses+terminal bonuses after 40 years from commencement or policy holders age>= 80 years whichever is later

sum assured + bonuses (provided all prem. Have been paid as mentioned in prem paying terms )

no survival benefits

sum assured+accumulated bonuses+final additional bonuses

like limited payment whole life plan

sum assurance + vested bonuses

sum assured + accumulated bonuses

sum assured + vested bonuses

sum assured + accumulated bonuses

Nil

nil

nil

20+20+20+40% of sum assured for last 4 years + bonuses

20% at 18, 20 % at 20, 30% at 22, 30% at 24 + guaranteed addition, at the time of maturity+ loyalty addition

sum assured+ accumulated bonus+ final additional bonus

25+25+25, 25%+bonus + additional bonus

sum assured + bonuses payable in lumpsum or

payable in 10 half-yearly installments at the option of the life assured.

sum assured + bonuses

Term 12 Years: 15% of sum assured on 4th and 8th year Term 16 Years: 15% of sum assured on 4th and 8th and 12th year Term 20 Years: 10% of sum assured on 4th and 8th and 12th and 16th year above are survival benefits Maturity banifits=total prem. Paid+loyalty addition-survival benefits paid earlier 10% sum assured after every 5 years

20+20+20+40% sum assured for 20 years policy 15+15+15+15+40 for 25 years policy Plan 106: 4-30%, 8-30%, 12-40% 15-bonus

Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 20-bonus Plan 106: 4-25%, 8-25%, 12-25% 15-25% , 18-bonus
20 % of the Sum Assured at the end of 5/10 years for 15 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any) 20 % of the Sum Assured at the end of 5/10 /15 years for 20 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any)

sum assured + 10% guranteed addition

sum assured+ loyalty additions +

guaranteed addition (60 % of sum assured)

no

sum assured+accumulated benefits

sum assured+accumulated bonuses+guaranteed additions

: sum assured + Guraranteed addition + accumulated bonuses+

final additional bonuses

5 % of sum assured along with cash value of units

sum assured+ loyalty additions

pension on accumulated bid value of units

sum assured + guaranteed additions +loyalty benefits

Death benifits sum assured+accumulated benefits+terminal bonuses paid To his nominees after death

sum assured+ bonuses+vested bonuses

sum assured + profits

sum assured+vested bonuses

double the sum assurance + bonuses

three times sum assured+vested benefits

sum assured in case of death after prem paying terms sum assured+bonuses during prem paying terms

sum assured + accumulated bonuses

sum assured

sum assured

sum assured

sum assured+accumulated bonuses+terminal bonuses

sum assured + guaranteed aditions+ loyalty adiition

sum assured+vested bonuses+final additional bonus

25%+25%+25%+ sum assured

sum assured + bonuses

payable in 10 half-yearly installments at the option of the life assured.

lumpsum(sum assured + bonuses) will be paid after deferrement period not at the time of death

Sum assured

benefits paid earlier

sum assured + bonuses

sum assured +bonus without deducting survival benefits paid earlier

: sum assured+ bonuses

Full Sum Assured irrespective of all earlier survival benefits paid plus Guaranteed Additions plus bonus , if any)

sum assured+ guaranteed and terminal addition

sum assured+ loyalty additions + guaranteed addition

all loans will be payable

sum assured

sum assured+accumulated bonuses+guaranteed additions

sum assured + Guraranteed addition +

accumulated bonuses+final bonuses

during first 6 month 30 % of sum assured +cash value of units, 60% of sum assured+ cash value of units for next 6 months and full sum assured+ cash value after 1 year

250 times the monthly premium+ return of premiums

excluding first year+loyalty addition

basic sum assured + bid value of units

sum assured + guaranteed additions

accident benefits NA

premium Payment terms till age=80 years or terms of 35 years whichever is later

NA

Min 5 years and max 55 years

Na

N. A. because single prem

no further prem to be paid if policy holder become totally or permanent disable because of accident before reachng age of 70 NO

min 5 years Max 55 years

min 5

max 55

NO

min 15 max 30

besic sum assured with additional payment of prem

min 15 max 30

double accident available during prem. paying terms

min 5 max 57

double the sum assured+ accumulated bonuses provided death due to accident or permnant disability

min 12 max 30

No

min 5, max 25

No

: 6, 12, 18, 24 months

min 5 max 7

sum assured under basic plan

min 10 max 25 , 5 in case of single premium

no benefits

maturity age 26 years

min 15 max 35

double the sum assured + fixed benefits(75% sum assured) 18 max 25 min and future prem stands cancelled in case of accedental death

Sum assured by paying additional premium min 5 max 25 min 25 max 50

option of the life assured.

available by paying additional prem.

12, 16, 20

by paying additional prem.

min 5 max 25

NA

fixed 20 and 25

sum assured+bonuses

15 years fixed

double accident benefit

15 and 20

NA

10, 15, 20, 25, 30 & 35 only

yes as per usual LIC practice

min 10 max 40

NA

No

min 15 max 30

YES BY PAYING ADDITIONAL PREM.

min 5 max 25

NA

5, 10, 15, 20 or 25 years

sum assured + death benefits

amount equal to the Accident Benefit Sum Assured is payable. 10 to 35

NA

min 5 years

NA

5 and 10 years

suitable for all ages

reduced paid up assurance after 5 yrs. Prem are paid

all ages

after 3 yrs. Prem. Are paid

all ages

all ages

after 3 years

all ages

after 3 years

not allowed for people engaged in hazardous occupation suitable for Young age people all ages, not allowed for people engaged in hazardeous occupation

after 3 years

ideal for farmers and workers 100% income tax free

no paid up no surrender value

who need risk cover for maximum 2 yearspaid up no surrender value no

Guaranteed surrender after 3 years

after 3 years

after 3 years

after 3 years

all ages

after 3 years

only for women

after 3 years

no

after 3 years

1 for <10 term and 2 for >10

after 1 years

after 3 years

after 3 years

after 2 years

after 1 year

Provision to pay prem. In most productive years of life and need not pay prem. In later stages of life

Provision to pay prem. In most productive years of life and need not pay prem. In later stages of life

Assures lumpsum at desired age

payment of prem. Can be either limited to single payment or term shorter than policy also assures lump sum at desired age

assures lumpsum at desired age endowment+whole life, for all

provides full life insurance cover for 3 years even when prem. Are not paid provided min. 2 prem are paid

render value

render value

Policy holders get an option of converting an policy into endowment assurance or limited payment whole life assura

Take care of educational needs of childern

Take care of educational needs of childern

suitable for parent who want lumpsum amount at paerticular age of child child become owner of policy after 18 years

provision for education/marriage of child for parents having child less than a year

for marriage/higher education

provides insurance cover on life of the child

its combination of whole life plan with money back

maturity period is more than paying terms

lumpsum benefits on periodic year

exclusive money back plan for women

designed for maintainence of handicapped dependant

who wants housing loan to be piad up in case of demise

professional with high income

unit linked product that provides financial protection against death over 10 year term of plan

employee seeking life cover through salary saving scheme

unit lonked pension plan

ed payment whole life assurance

Sr.no

Policy category 1 Whole Life Schemes

2 Endowment Schemes

3 Term Assurance PLan

4 Plans for needs of Children

5 Periodic money back plan

6 Policy for benefits for Handicapped

7 Plans to cover housing Loan

8 Joint life plan

9 Plan for high worth individual

10 Capital market linked plan

11 Special plan

12 Investment Plan

Policy Name Whole life with profits plan-002

Sum assured Min Max 50,000 no limit

Loan yes yes yes

Age Min 18 12 12

Limited payment whole life plan 005 Single premium plan no. 8 with profits
Endowment with profit plan- 014

50,000 no limit 30,000 no limit

50,000 no limit

yes no yes yes yes yes

12 12 18 18 18 18

Limited payment endowment with profit plan no 48

Jeevan mitra plan no 88

50,000 no limit
50,000 no limit

Jeevan mitra triple cover plan no 133

Jeevan Anand plan - 149

50,000 no limit
100,000 no limit

New Janraksha Plan 91 Anmol-jeevan-1 (without profit) Term assurance plan no 43 Convertible term assurance plan no 58 Jeevan Anurag table no 168 Komal Jeevan: 159 Jeevan Kishore plan no 102 Jeevan Chaya Plan 103 Marriage endowment/educational annuity plan no 90 Childrens deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106, 107, 108 Jeevan Bharati plan 160-exclusive plan for women Jeevan Adhar plan 114 Jeevan Vishwas plan 136 Mortgage redemption plan no 52 jeevan sathi plan 89

30,000 200,000 5 Lakh 3 crore 50,000 1 crore 50,000 10 crore 50,000 no limit 1 lakh 25 lakh 50,000 no limit 50,000 no limit 50,000 no limit 50,000 no limit 40,000 no limit 2 lakh no limit 50,000 no limit 50,000 no limit 50,000 2.5 lakh 50,000 no limit 50,000 no limit 50,000 10 lakh 50,000 no lomit

no
no no

18 18 18

yes no no no yes no

20 0 0 18 18 0

yes

14 13 13 14 18

yes
no no no

no no

22 20

no

20

yes

20

Jeevan shree-1 table no 162 Jeevan Pramukh Bima plus plan 140 Jeevan saral plan 165 Future Plus t. no. 172(pension plan) Bima nivesh

5 lakh 25 lakh 10 lakh no limit

yes yes

18 18

yes NG

12 18

25,000 no limit

yes

13

Payment Terms Max Min Max 60 60 60 5 NA

profit plan paid up 35 yes 55 yes 1 yes 5 3 no

65 65 50 50 65 50

5 5 15 15 5 12

55 yes 55 no 30 no 30 no 57 no 30 no

3 3 no no 3 no

55 50

5 5

25 no no 7 no

no no no

60 6,12,18,24 months

60 12 40 60 17

10 15 18 5 25

25 yes no 35 yes 25 no 25 no 50 yes

3 3 no no no 3

10 maturity age=26

63 12,16,20 65 50 20 and 25 55,50,45 15 fixed 50 15 and 20 5

no 25 no yes no no

3 3 no no 3

65 10,15,20,25,30 and 35 no 60 10 40 no

no 3

25

no

no

50

15

30 no

no

65 65 5,

25 no no

1 or 2 1

10, 15, 20, 25

no

60 65

10 5

35 no NG no

3 2

70 5 and 10

no

survival benefits gets after 80 years or

40 years from the date of commencement whichever is later for all three policies

Policy category Whole Life Schemes

Policy Name Whole life with profits plan-002

Limited payment whole life plan 005 Single premium plan no. 8 with profits
Endowment Schemes Endowment with profit plan- 014

Limited payment endowment with profit plan no 48

Jeevan mitra plan no 88

Jeevan mitra triple cover plan no 133

Jeevan Anand plan - 149

New Janraksha Plan 91

Term Assurance PLan

Anmol-jeevan-1 (without profit) Term assurance plan no 43 Convertible term assurance plan no 58 Jeevan Anurag table no 168 Komal Jeevan: 159 Jeevan Kishore plan no 102 Jeevan Chaya Plan 103 Marriage endowment/educational annuity plan no 90 Childrens deferred plan 041 and 050 BIMA GOLD Jeevan Rekha Plan 152 Money back with profit Jeevan surabhi plan 106, 107, 108 Jeevan Bharati plan 160-exclusive plan for women Jeevan Adhar plan 114 Jeevan Vishwas plan 136 Mortgage redemption plan no 52 jeevan sathi plan 89

Plans for needs of Children

Periodic money back plan

Policy for benefits for Handicapped

Plans to cover housing Loan

Joint life plan

Plan for high worth individual

Jeevan shree-1 table no 162 Jeevan Pramukh Bima plus plan 140 Jeevan saral plan 165 Future Plus t. no. 172(pension plan) Bima nivesh

Capital market linked plan

Special plan

Investment Plan

Benefits survival SA+bonuses SA+bonuses nil

death benefits SA+bonuses SA+bonuses SA+bonuses

SA+bonuses SA+bonuses SA+bonuses SA+bonuses SA+bonuses SA+bonuses

SA+bonuses Double SA+bonuses Tripple SA+bonuses SA+bonuses SA+bonuses

nil nil nil

SA SA SA

SA for last 4 years+bonuses SA at 18,20,22,24+bonuses SA+bonuses SA at 17,18,19,20+bonuses SA+bonuses in lumpsum or 10 HY installements SA+bonuses

SA+bonuses SA+bonuses SA+bonuses SA+75% of sum assured SA+bonuses in lumpsum or 10 HY installements SA+bonuses will be paid after deferrement period

SA at 4,8,12,16 yrs. 10% of SA after every 5 Yrs 20 % of SA after evry 5 Yrs SA at 4,8,12 and 15 Yrs Sa after every 5 Yrs

SA+bonuses SA+bonuses SA+bonuses SA+bonuses SA+bonuses

SA+GA SA+GA

SA+GA+bonuses SA+GA+bonuses

nil

all loans payable

SA+bonuses

SA

SA+bonuses SA+bonuses

SA+GA+bonuses SA+GA+bonuses

5 % of sum assured along with cash value of units SA+ cash value of units

sum assured+ loyalty additions

pension on accumulated bid value of units

250 times the monthly premium+loyalty addition basic sum assured + bid value of units

accedent no no no

No further prem NO NO SA DSA DSA+bonuses like limited payment whole life Not allowed for people engaged in hazardeous environment Not allowed for people engaged in hazardeous environment endowment+whole life ideal for farmers

No no no max two year temp risk cover can be converted to endowment or limited payment whole life

SA no no DSA+fixed benefits SA no

Yes yes no yes DSA money back + whole life with profit plan Maturity period is more than paying terms only for womens

no yes

no

no

yes no

yes

unit linked product that provides financial protection against death over 10 year term of plan

no no

employee seeking life cover through salary saving scheme unit lonked pension plan

0 year term of plan