×
Login
New User
/
Forgot Password
×
Register
By logging in you agree to our
Terms
and
Conditions
and
Privacy Policy
MEMBER LOGIN
New User ?
Forgot Password ?
Toggle navigation
Home
Know Us
About Us
Photo Gallery
Awards
Certificates
Client Testimonials
Information
Product Info
Tax Info
LIC Home Loans
Articles
LIC Related Info
Bonus
Newsletter
Industry News
NAVs
Mutual Fund NAVs
LIC NAVs
Learning Center
Tax Guide
Insurance Guide
FAQs
Glossary
TPA
Online Tools
Calculators
Counsellor
Portfolio
Forms
eGreetings
Policy Details
Online Payment
Policy Capture
Videos
NRI Centre
Insurance Plan
Forms Download
Procedure
FAQs
Contact Us
» Home » Information » Product Information
back
Share
Tweet
Product Information
Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Understand Life Insurance
Dhan Sanchay
Saral Jeevan Bima
Bachat Plus
New Endowment Plan
New Jeevan Anand
Aadhaar Stumb
Jeevan Labh
Aadhaar Shila
Jeevan Lakshya
Single Payment Endowment
Bima Jyoti
Amritbaal
Jeevan Tarun
Jeevan Lakshya
New Children’s Money Back Plan
Jeevan Utsav
Jeevan Umang
New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Kiran
Jeevan Amar
Dhan Rekha
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Index Plus
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
Plan No. 835
A
unit linked assurance plan
, offering investment-cum-insurance during the term of the policy..
This Plan allows policyholder to decide the amount of premium he/she can pay. There is a option to choose from
4 funds for investment
.
Bond Fund
Secured Fund
Balanced Fund 5
Growth Fund
A pre-specified percentage shall be deducted upfront from the premium as Premium Allocation Charges. This charge is levied to meet the cost of issuing policy such as distributor fee and cost of underwriting.
Premium
Allocation Charge
1
st
Year
7.50%
2
nd
to 5
th
Year
5.00%
thereafter
3.00%
Death Benefits :
In the event of death of life assured before the date of maturity, the sum payable would be:
Upto age 8 years of the Life Assured OR before completion of 2 policy years
An amount equal to the Policyholder’s fund value immediately on the date of receipt of the intimation of death with death certificate.
Age 8 years and above of the Life Assured OR after completion of 2 policy years
An amount equal to the higher of Basic sum assured (i.e. higher of 10 X Annualized Premium or 105% of total premiums paid); or Policyholder’s Fund Value.
Optional
Double Accidental Death Benefit rider
up to Rs.1 Crore. It can be availed by just paying Rs.40 per Lac.
Maturity Benefits on completion of policy term:
An amount equal to the policyholder’s fund value shall be payable. This amount can either be taken at once or in installments as chosen.
Tax Benefits:
The Maturity proceeds under the plan will be tax-free under section 10(10D) of Income Tax Act.
Enjoy Income tax benefit on premiums paid under section 80C of Income Tax Act.
Eligibility Criteria
Min.
Max.
Age
90 days
50 years
Term
10 years
20 years
Sum Assured
Higher of 10 times of annualized premium or 105% of total premium Paid
Premium
Yearly
20,000
No Limit
Half Yearly
13,000
Quarterly
8,000
Monthly (ECS)
3000
Modes
Yearly, Half Yearly, Quarterly, Monthly (ECS)
Back
Download Brochure
fiogf49gjkf05