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LIC Jeevan Shanti Plan Review LIC Jeevan Shanti  is a Single Premium Annuity Plan. This plan can be used to secure fixed payouts at regular intervals for the rest of your life. How it works : You pay a Single Premium (also called the 'Purchase Price') to purchase an Annuity. LIC will then pay you regular amounts for the rest of your life. You could receive this regular payouts monthly, quarterly, half-yearly or annually. This regular payout amount is called an Annuity. You have 2 options in this plan - Immediate Annuity & Deferred Annuity. Collectively there are 12 options to receive you regular annuity payments.  Annuity Options in LIC Jeevan Shanti Policy You first have to opt for any of the following 2 options: Immediate Annuity  - In this option, your payments will start immediately. You purchase the plan by making a single payment and depending on the payout chosen, the payouts will start. In case you have chosen monthly payouts, your annuity payouts will start a...

LIC’s BIMA SHREE Plan is a non-linked, participating, individual, life assurance savings plan. LIC’s Bima Shree plan is a limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakhs especially designed for targeted segment of High Net-worth Individuals Premium Payment Mode The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (through NACH only) or through salary deductions (SSS).   Minimum Age at entry: 8 Years (completed) Maximum Entry Age: 55 years (nbd) for policy term 14 years 51 years (nbd) for policy term 16 years 48 years (nbd) for policy term 18 years 45 years (nbd) for policy term 20 years Age at Maturity: 69 years (nbd) for policy term 14 years 67 years (nbd) for policy term 16 years 66 years (nbd) for policy term 18 years 65 years (nbd) for policy term 20 years Policy Term: 14, 16, 18, 20 years Premium Paying Term: (Policy term less - 4) years Minimum Basic Sum Assured: Rs. 10,00,000/- Maximum Ba...

LIC’s JEEVAN SHIROMANI Plan is a non-linked, participating, individual, life assurance savings plan. It is a limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 1 crore especially designed for targeted segment of High Net-worth Individuals. Under this plan Guaranteed Additions shall accrue at the rate of Rs. 50 per thousand Basic Sum Assured for the first five years and Rs. 55/- per thousand Basic Sum Assured from 6th policy year till the end of premium paying term. In addition, the policy shall participate in the profits in form of Loyalty Additions Premium Payment Mode The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (through NACH only) or through salary deductions (SSS).   Minimum Age at entry: 18 Years (completed) Maximum Entry Age: 55 years (nbd) for policy term 14 years 51 years (nbd) for policy term 16 years 48 years (nbd) for policy term 18 years 45 years (nbd) for policy term 20 years Age at Mat...

  LIC New Children's Money Back Policy LIC's New Children’s Money Back Plan  is a insurance cum investment plan which can be used for securing the financial needs of a child as they turn 25 years old. It is a participating plan and hence is eligible for bonus depending on the performance of LIC. Please note that in this plan provides a risk cover on the life of the child and not of the parent or grandparent. So, it really does not secure the child’s future in case of death of the parent or the grandparent. This is more of an investment plan keeping in mind the needs to the child when they become 25 years old.   Key Benefits of LIC New Children's Money Back Plan Participating non-linked money back plan eligible for bonus Designed to cater to educational, marriage and other needs of growing children  Offers cover on the life of child during the policy term Can be bought by parent or grandparent for a child aged 0 to 12 years Eligibility conditions to buy LIC New Childr...

LIC's JEEVAN TARUN  LIC's JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years. It is a flexible plan wherein at proposal stage the proposer can choose the proportion of Survival Benefits to be availed during the term of the policy as per the following four options: Option Survival Benefit Maturity Benefit Option 1 No survival benefit 100% of Sum Assured Option 2 5% of Sum Assured every year for 5 years 75% of Sum Assured Option 3 10% of Sum Assured every year for 5 years 50% of Sum Assured Option 4 15% of Sum Assured every year for 5 years 25% of Sum Assured Where, Survival Benefit is the annual payment of a fixed percentage of Sum Assured (as defined in the table above) eve...

  LIC Jeevan Umang Plan LIC Jeevan Umang is an endowment cum whole life plan which offers a regular payout from the end of the premium payment term till the date of your survival. This is in addition to the life insurance cover which is being offered throughout the policy term. The policy ends when the policyholder reaches the age of 100 or on her/his death when a lumpsum amount is payable. This plan is a participating plan eligible for Simple Reversionary Bonus and Final Addition Bonus. You can avail a loan against this policy. An earlier version of this plan which has been withdrawn can be seen here -  LIC Jeevan Umang - Table No. 845 .   Plan Name LIC Jeevan Umang Policy Type Endowment & Whole Life Plan Details Plan No. 945 UIN 512N312V02 Launch Date 01st February, 2020 Key Features of LIC Jeevan Umang Policy  This is an endowment cum whole life policy Offers 8% of Basic Sum Assured after the premium payment term - till you are alive or till the age of 100 Pla...