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Term Life Insurance

Term insurance is the most basic and cost-effective form of life insurance availed for a predefined period of time. .The objective of term insurance is to provide financial coverage to the policyholder (you) and/or beneficiary in case of unfortunate events in return for paying regular premiums. .When you get term insurance, you can be assured that your family and dependents will be financially secure in your absence. This helps your family fulfil their future needs like higher education, marriage, buying a house etc.

BENEFITS OF TERM INSURANCE
Less premium for non smokers
High coverage at an affordable premium
Flexible in terms of payment
Additional riders benefits
Simple and quick buying
The policyholder has the leverage to choose the sum assured amount of the policy.
Enables a good lifestyle while paying premium.
LIC provides a claim settlement ratio of 98.62%




SARAL JEEVAN BIMA

SARAL JEEVAN BIMA plan This is a Non-Linked, Without Profits, Pure Risk Cover Plan.


Waiting Period : 45 Days from date of acceptance of proposal.

Premium Payment Mode:
Premiums can be paid either under Regular Premium, Limited Premium or Single Premium payment options under this plan. In case of Regular and Limited Premium payment, the premium can be paid regularly during the Premium Paying Term with modes of premium payment yearly , half-yearly,and monthly (only ECS/NACH).

Term :
5 to 40 Years

Minimum Entry Age :
18 Years (Last Birthday)

Maximum Entry Age :
65 Years (Last Birthday)

Minimum Sum Assured :
5,00,000

Maximum Sum Assured :
25,00,000

Premium Paying Term :
Policy Benefits :


On Death :
During Waiting Period:
Natural Death : Refund of 100% of all premiums paid without Taxes.
Accidental Death : Sum Assured on Death

After Waiting Period:
Natural / Accidental Death : Sum Assured on Death
Sum Assured on Death : 100% of Basic SA

MATURITY BENEFIT: Nothing is Payable.


On Survival :
On survival to the end of the policy term,no benefits shall be payable.

Surrendered Value :
No surrender value will be available under this plan.

Loan : No loan will be granted under this plan.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.

Jeevan Amar

JEEVAN AMAR is a Non-Linked, Without Profit, pure protection plan. Under this plan there is flexibility to choose from two death benefit options viz. Level Sum Assured and Increasing Sum Assured.



JEEVAN AMAR is a Non-Linked, Without Profit, pure protection plan. Under this plan there is flexibility to choose from two death benefit options viz. Level Sum Assured and Increasing Sum Assured.
Under this plan, there are two categories of premium rates viz. (1) Non-Smoker rates and (2) Smoker rates.

Premium Payment Mode:
Premiums can be paid either under Regular Premium, Limited Premium or Single Premium payment options under this plan. In case of Regular and Limited Premium payment, the premium can be paid regularly during the Premium Paying Term with modes of premium payment yearly or half-yearly.
Term :
10 to 40 Years

Minimum Entry Age :
18 Years (Last Birthday)

Maximum Entry Age :
65 Years (Last Birthday)

Minimum Sum Assured :
25,00,000

Maximum Sum Assured :
NO LIMIT

Premium Paying Term :
Policy Benefits :


On Death :
On death of the Life Assured during the policy term Sum Assured on Death shall be payable.

For Regular premium and Limited premium payment policy, Sum Assured on Death is defined as the highest of: • 7 times of annualised premium; or • 105% of all the premiums paid as on the date of death; or • Absolute amount assured to be paid on death.

For Single premium policy, Sum Assured on Death is defined as the higher of: • 125% of Single Premium. • Absolute amount assured to be paid on death.

Absolute amount assured to be paid on death shall depend on Death Benefit Option chosen at the time of taking this policy and is as under:
• Option 1: Level Sum Assured: Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured, which shall remain the same throughout the policy term.
• Option II: Increasing Sum Assured: Absolute amount assured to be paid on death shall remain equal to Basic Sum Assured till completion of fifth policy year. Thereafter, it increases by 10% of Basic Sum Assured each year from the sixth policy year till fifteenth policy year till it becomes twice the Basic Sum Assured. This increase will continue under an inforce policy till the end of policy term; or till the Date of Death; or till the fifteenth policy year, whichever is earlier. From sixteenth policy year and onwards, the Absolute amount assured to be paid on death remains constant i.e. twice the Basic Sum Assured, till the policy term ends.

The option once chosen cannot be altered subsequently.

On Survival :
On survival to the end of the policy term,no benefits shall be payable.

Surrendered Value :
No surrender value will be available under this plan. However on surrender of policy in the following cases (for both Level Sum Assured (Option I) as well as Increasing Sum Assured (Option II) options), an amount shall be refunded as per underwriting terms. (For more details contact branch office.)

Loan :
No loan will be granted under this plan.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.

Contact Info

9/336 Mandoli Extension,Delhi-110093

9971710099

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