Anda di halaman 1dari 18

By Rohit jagtap Swapnil koli

Life Insurance Corporation of India (LIC) is the largest insurance group and investment company in India. Its a state-owned where Government of India has 100% stake. It has assets estimated of 13.25 trillion It was founded in 1956 with the merger of 243 insurance companies and provident societies. Headquartered in Mumbai. The slogan of LIC is "Your welfare is our responsibility". The slogan is derived from the Ancient Hindu text, the Bhagavat Gita 9th Chapter,.

Type Industry Founded Headquarters Key people

State-owned

Financial services
1 September 1956 Mumbai, India D. K. Mehrotra, (Chairman) Life and health insurance, investment management, 13.25 trillion (US$239.83 billion)(2010) Government of India 115,966 (2010) www.licindia.in

Products
mutual fund Total assets Owner(s)

Employees
Website

Life insurance provides you with the opportunity to protect yourself and your family from personal risk exposures like repayment of debts after death, providing for a surviving spouse and children, fulfilling other economic goals, leaving a charitable legacy, paying for funeral expenses, etc. Life insurance protection is also important if you are a business owner or a key person in someone else's business.

LIC JEEVAN SARAL - BEST INSURANCE PLAN FROM LIC

Agents Brokers

Corporate

Agents

LIC JEEVAN SARAL


Product Summary: This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid.

Premiums: Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death. Loyalty Additions: This is a with-profits plan and participates in the profits of the Corporations life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.

'JEEVAN SARAL' is a unique plan having good features of the conventional plans and the flexibility of unit-linked plans. Salient Features Risk Coverage : First policy which provides 250 times of basic monthly premium + Return of premiums + Loyalty Addition (if any). Children between age 1 to 12 years are eligible. Term Assurance Rider Option: An amount equal to the Term Assurance Sum Assured is payable only on death of the policyholder during the policy term. Benefits Maturity Benefits: Maturity S.A. + Loyalty Additions, if the policy was in force for a minimum of 10 policy years. Death Benefit: 250 times the monthly basic premium + return of premium paid (excluding extra/rider premium and 1st year premium) + Loyalty additions, if any. Surrender Value: Policy can be surrendered after a minimum 3 years premiums have been paid. Surrender Value will be more than Guaranteed Surrender Value. Guaranteed Surrender Value: Guaranteed Surrender Value will be equal to 30% of the total premiums paid (excluding the 1st year premium + all the extra premiums + accident benefit + term rider premiums.

Eligibility conditions in LIC Jeevan Saral Plan


Minimum Sum Assured (in Rs.) Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder Age at Maturity Monthly Premium (in Rs.) Payment modes Maximum

250 times Monthly Premium 10 10 12 35 35 60 70

For Age 12 to 49 years: Rs.250/For Age 50 to 60 years: Rs.400/-

Rs. 10,000/-

Yearly, Half-yearly, Quarterly, Monthly

Minimum Age at Entry : 12 years Maximum Age at Entry : 60 years Maximum Maturity Age : 70 years Minimum Term : 10 years Maximum Term : 35 years For Age 12 to 49 years : Minimum Premium is Rs.250/p.m. For Age 50 to 60 years : Minimum Premium is Rs.400/p.m. Maximum Premium : Rs. 10,000/- p.m. Mode of Premium : Yearly, Half-Yearly, Quarterly, Monthly Accident Benefit & Disability is allowed. Standard age proof required.

LIC JEEVAN SARAL - BEST INSURANCE PLAN FROM LIC


Invest for retirement, education, marriage, High returns. TERM INSURANCE CAR INSURANCE HEALTH INSURANCE PERSONEL LOAN

Term Insurance is a form of Life Insurance which provides a stipulated cover for a certain period under contractual agreement. Simply put, Term Plan is financial cover in case if the insured dies; death claim is given to the beneficiary.

Car Insurance is the most valuable document that you buy to protect your car from bodily damage, accidental injury and also provide coverage against third party liabilit Stress-free claim settlement. Easy & fast process to buy online

Health insurance is important for you and your family as it covers medical cost, cashless claims on best hospitals, hospitalization charges and also helps you to save on tax.

To meet with skyrocketing medical expenses. To get treatment in the best hospital in your city. Hospitalization benefits like ICU charges and surgery cost. It helps your loved ones at the time of medical emergencies.

Compare personal loan offers in India with us and then get a personal loan to fulfill your dreams that may be marriage or a romantic holiday abroad. At the time of emergency also you can avail personal loan from us.

HDFC

Life Insurance Max- New York Bajaj Allianz ICICI Prudential