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Mode
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0
Term
Select
0
PPT
Select
0
SB Option
NO SB
5% Of S.A.
10% Of S.A.
15% of S.A.
Process Solution on the basis of
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Last Declared Bonus
LIC 8% Scenario
LIC 4% Scenario
Forecast
Scenario for LA*
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LIC 8% Scenario
LIC 4% Scenario
Sum Assured
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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.
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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
Jeevan Tarun
Jeevan Lakshya
New Children’s Money Back Plan
Jeevan Umang
New Jeevan Anand
Saral Pension
Jeevan Akshay- VII
Jeevan Shanti
Cancer Cover
Jeevan Arogya
Jeevan Amar
Jeevan Umang
Bima Shree
Jeevan Shiromani
New Money Back Plan 25 Years
New Money Back Plan
New Bima Bachat
Dhan Rekha
New Pension Plus
SIIP
Nivesh Plus
New Endowment Plus
Plan No. 834
Ideal
for planning your child''s career goals
Moderate
premiums
Multiple
premium payment frequency to choose from
Premium Discount
available for higher Sum Assured (SA).
Premium Waiver option –
to ensure that the planned benefits will be paid to the child – with or without you
Life Cover
to the extent of 125% of Sum Assured + Bonus + Final Additional Bonus (as applicable)
Survival Benefit:
Option to take 5%, 10% or 15% of sum assured as survival benefit every year from 20 to 24 years of child''s age
Maturity Benefit:
Sum Assured (or Balance SA, if SB is chosen) + Bonus + Final Additional Bonus as applicable, will be paid on completion of 25 years of age
Loan is available
any time after 2 policy years (after 1 years incase Premium paying term is less than 10 years)
Policy can be back dated.
Premium Paid is
TAX EXEMPTED
u/s 80 C
All returns from the policy are
TAX FREE
u/s 10 (10) (D)
Free lookup
period for 15 days
Eligibility Criteria
Min.
Max.
Age
90 days
12 years
Term
13 years
25 years
PPT
8 years
20 years
Sum
75000
No Limit
Premium Modes
Yearly, Half Yearly, Quarterly & Monthly (SSS or ECS only)
Yearly Premium for 10 lac Sum Assured
Age
Option 1
Option 2
Option 3
Option 4
0
40904
41884
42864
43844
3
48499
49822
51194
52517
6
59377
61190
63052
64914
9
78536
81182
83779
86425
Taxes will be extra as applicable.
PWB premium optional according to Proposer''s Age.
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