Beruflich Dokumente
Kultur Dokumente
Nitin Sharma
Jeevan Labh
Introduction
Life is unpredictable. To help you take control of your life, you need insurance.
Which brings us to the most common dilemma you face what to choose.
That’s why there is Life Insurance Corporation. The biggest life insurance
company in India, with a network of over 13 lakh agents and 2048 branches all
over India. With the highest claim settlement record in the world and a
customer base of over 30 crore policy holders, LIC brings with it a world of
experience. LIC Offers you customized insurance products that suit your
specific needs, and helps you plan for a secure future.
Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East, Phone 9819416537 No 1
Mumbai 400057 Email mandarnd@gmail.com Date 28/02/2017
Bimamitra Bimamitra Jeevan Labh
Bimamitra Bimamitra
T
Table No. his is a fixed term policy. The premium has to be paid till the end of the Premium Paying
term or till the death of the policy holder whichever is earlier. The allowed terms are 16,
836
Bimamitra Bimamitra 21 and 25. In case, the policy holder dies before the end of the policy term, the 'sum
assured on death' along with bonus and FAB, if any, is paid to the nominee. If the policy holder
survives till the end of the term, he gets sum assured plus bonus plus FAB, if any.
Bimamitra Bimamitra
Released on
Jan 04, 2016 This is a fixed term policy which provides the policy holder an option
Bimamitra Bimamitra to select Premium Paying Term of his own choice.
Bimamitra Bimamitra
Maturity
Bimamitra Bimamitra On survival to the end of the policy term, B.S.A. Alongwith Vested Simple Reversionary
Bonuses and FAB, if any, shall be payable.
Benefits
Bimamitra Bimamitra
Bimamitra Bimamitra
On death of the Life Assured during the policy term, the Death Benefit i.e. S.A. On Death + Vested
Simple Reversionary Bonuses + FAB, if any, shall be payable.
Death
Bimamitra Bimamitra S.A. On death is higher of B.S.A. Or 10 times of Annualised Premium. This Death Benefit shall not
Benefits be less than 105% of total premiums paid as on date of death. The Premiums mentioned above
exclude taxes, extra premium and rider premiums, if any.
Bimamitra Bimamitra
Bimamitra Bimamitra
Min. age at entry 8 yrs (completed) *
Criteria
Bimamitra Bimamitra For 16 yrs Term - 59 yrs (nbd)
Bimamitra Bimamitra Premium Paying Terms 10, 15 & 16 yr PPT for 16, 21 & 25 Term Respectively
* Age at entry for the L.A. Is to be taken as nbd except for the min. Age at entry i.e. 8 yrs
Bimamitra Bimamitra
Bimamitra Bimamitra
Bimamitra
HighBimamitra
B.S.A. 2 Lac - 4,90,000 Nil
Rebate 5 Lac - 9,90,000 Rs. 1.25 per 1000 B.S.A.
Bimamitra Bimamitra
10 Lac - 14,90,000 Rs. 1.5 per 1000 B.S.A.
Bimamitra Bimamitra
Mode Yly 2%
Rebate
Bimamitra Bimamitra Hly 1%
Bimamitra Bimamitra
Accidental Death & Disability Benefit Riders can be opted at any policy anniversary during the
term of the policy by payment of additional premium. An additional amount equal to the Accident
Optional Benefit S.A. Is payable on death due to accident, provided the Rider is in force at the time of accident.
Bimamitra
Benefits Bimamitra This benefit will be available only till the policy anniversary on which the age of L.A. Is 70 yrs. (Nbd).
Bimamitra Bimamitra
Eligibility Conditions for ADDB Rider
Bimamitra Bimamitra Min. Entry Age 18 yrs (completed)
Bimamitra Bimamitra
Bimamitra Bimamitra
If, after at least three full years premium have been paid and any subsequent premiums be not
Paid-Up duly paid the policy shall not be wholly void, but shall subsist as a paid-up policy. B.S.A. Shall
Value
Bimamitra Bimamitra
be reduced to such a sum called paid-up S.A.
Bimamitra Bimamitra
Bimamitra Bimamitra Guaranteed Surrender Value (GSV) shall be a % of total premiums paid (net of taxes) excluding
any extra premiums and premiums for riders, if opted for. This % will depend on the policy term
GSV & and policy year in which the policy is surrendered.
SSV Bimamitra
Bimamitra The Special Surrender Value (SSV) will be the discounted value of the sum of Paid-up S.A. & the
Vested Simple Reversionary Bonuses. This is paid only if it is higher than GSV.
Bimamitra Bimamitra
Bimamitra Bimamitra
Underwriting Female lives category I / II / III
Requirements Age Proof Std./ NSAP-I / II / III
Bimamitra Bimamitra
Form No. 300 / 340
Bimamitra Bimamitra
Bimamitra Bimamitra
Bimamitra Bimamitra
Policy Policy Loan Yes
Servicing
Bimamitra Bimamitra Assignment Yes
Keyman / Partnership No
Bimamitra Bimamitra
Employer-Employee Yes
Bimamitra Bimamitra
Bimamitra Bimamitra
Loan shall be granted after payment of at least 3 full years premiums. The max. Loan
Bimamitra Bimamitra that can be granted as a % of S.V. for different policy terms is as follows:
Loan
Policy Term % for inforce policies % for paid-up policies
Bimamitra Bimamitra
Upto 25 90% 80%
Bimamitra Bimamitra
Bimamitra Bimamitra
Bimamitra Bimamitra
Bimamitra Bimamitra
Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East,
Mumbai 400057
Mobile : 9819416537
Email : mandarnd@gmail.com Jeevan Labh
Nitin Sharma
Age 30 No : 1
Plan Details
S.No Doc Plan Plan Name Term PPT Mode Sum Dab Rider Premium G.S.T. Bonus Maturity
Assured
1 17/01/2018 836 Jeevan Labh 25 16 Yly 7,50,000 7,50,000 37,353 1,681 50 20,25,000
Total 7,50,000 7,50,000 37,353 1,681 20,25,000
Rider Details
Plan Holder Rider Name Term PPT Sum Premium
S.No Assured
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the illustration
is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East,
Mumbai 400057
Mobile : 9819416537
Email : mandarnd@gmail.com Jeevan Labh
Nitin Sharma
Age 30 No : 1
2025000
31 35 39 43 47 51 55 56
39034
38193
Returns Premium
2400000
2512500
2625000
2737500
2868750
3000000
3187500
3525000
31 35 39 43 47 51 55 56
1537500
1650000
1762500
1875000
1987500
2118750
2250000
2437500
2775000
Accidental Risk Cover Natural Risk Cover
2025000
75000
31 35 39 43 47 51 55 56
39034
38193 3058
Returns Premium
Summary
Description Amount Maturity Breakup Details Amount
* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the illustration
is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East,
Mumbai 400057
Mobile : 9819416537
Email : mandarnd@gmail.com Jeevan Labh
Nitin Sharma
Age 30 No : 1