LIC Introduce New Jeevan Varsha plan no 196

LIC’S New JEEVAN VARSHA (PLAN No. 196): A Close ended plan which would be open for sale from 16th February 2009 to 31st March 2009. LIC’s Jeevan Varsha is a money back plan with Guaranteed Additions and Loyalty Additions, if any. The benefits and other details of this plan are given below.
Plan No.196 Benefits:
a) Death BenefitOn death during the policy term excluding last policy Year: Sum Assured with assured Guaranteed Additions.
On death during last policy year: Sum Assured with accrued Guaranteed Additions along with Loyalty Addition, if any.
b) Survival BenefitsSurvival benefits will be payable as given below.
Percentage of Sum Assured under the basic Plan
Survival to end of
9-Year Plan
12- Year Plan
3 Years
15%
10%
6 Years
25%
20%
9 Years

30%

c) Maturity BenefitFor policy term of 9 years: 60% of the Sum Assured along with Guaranteed Additions and Loyalty addition, if any, will be payable.
For policy term of 12 years: 40% of the Sum Assured along with Guaranteed Additions and Loyalty addition, if any, will be payable.
d) Guaranteed Addition: The Guaranteed Addition will accrue for each policy year at the following rates:
Rs: 65 per thousand Sum Assured per year for a policy of 9 years term.
Rs:70 per thousand Sum Assured per year for a policy of 12 years term.
e) Loyalty Addition: Depending upon Corporation’s experience with regard to policies issued under this plan, the policy will be eligible for Loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the Corporation.
Eligibility Conditions and Restrictionsa) Minimum Sum Assured : Rs.50,000/-b) Maximum Sum Assured : Rs 25,00,000/-c) Minimum age at entry : 18 years completed.d) Maximum age at entry : 55 years nearest birthdaye) Maximum age at maturity : 70 years nearest birthdayf) Policy Term : 15 & 20 yearsThe Sum Assured shall be in multiples of Rs. 5,000
Mode of Premium Payment: Yearly, Half Yerly, Quarterly & Monthly (through ECS only).
Contact us for free quotes on LIC’s Jeevan Varsha Life Insurance olicy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs. Type your Business querry here.

Advertisements

2 Responses to LIC Introduce New Jeevan Varsha plan no 196

  1. vikram mehra says:

    kindly submit myrequiest foronline my police

  2. Cami Meidinger says:

    Fairly nice entry, genuinely informative stuff. Never ever believed I would obtain the facts I would like in this article. I’ve been scouring all over the web for some time now and had been starting to get discouraged. Thankfully, I stumbled across your page and acquired exactly what I had been looking for.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: