Some LIC products

Easy to understand
Some Important parameters
• Age
• Tenure
• Investment amount limits
• Maturity benefits
2 types
1. Return

Nivesh Plan SIIP

(one time investment) (Per month investment)

2. Security
Endowment plan, Jeevan Anand etc.
Return related plans (Min 5years blocking)
• Nivesh plan:
• One time single premium, only investment
• Min: 1L investment, Max: Unlimited
• SIIP
• Monthly investment. Investment + Security
• Min: 4k per month, Max: unlimited
Some Security related policies
Endowment Plan (table no 914)
• Age: Min-> 8years, Max-> 55years
• Tenure: Min-> 12years, Max-> 35years
• Sum Assured: Min-> 1L, Max-> Unlimited
• Upon maturity, the policy holder gets sum assured+bonus
• In case of accidental death before maturity, nominee gets 2xsum
assured+bonus
• In case of natural death, nominee gets sum assured+bonus
Jeevan Anand (table no 915)
• Age: Min-> 18years, Max-> 50years
• Tenure: Min-> 15years, Max-> 35years
• Sum Assured: Min-> 1L, Max-> Unlimited
• Upon maturity, the policy holder gets sum assured+bonus. And after
death(any time after maturity), nominee gets another additional sum assured
• Before maturity, nominee gets 2xsum assured+bonus, in case of accidental
death
And for natural death, nominee gets 1.5xsum assured+bonus
Money Back Policy (920)
• Age: Min-> 13years, Max-> 50years
• Tenure: 20 years (rigid)
• Sum Assured: Min-> 1L (multiple of 5K), Max-> Unlimited
• Returns: Upon completion of 5th, 10th and 15th year; 20% of sum
assured in each case. And upon successful completion of 20 years;
40% of sum assured+Bonus(bonus of total 20years)
Thank you