UNIT MEETING 20 FEB 2014 S.R. Shardul, Development Officer Hearty Welcome by Shashikant Shardul.

Slides:



Advertisements
Similar presentations
The Magic of Jeevan Saral An insight into this unique plan of L.I.C. of India.
Advertisements

Welcome TULSI dot COM.
LICS JEEVAN SUGAM (PLAN No. 813 ) a close ended plan which would be open for sale from 25th February, 2013 for a maximum period of 45 Days.
LIC’s Single Premium Endowment Plan
SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children.
LIC’s NEW MONEY BACK PLAN
LIC’s NEW JEEVAN ANAND PLAN
LIC’s Jeevan Tarang Celebrating Life. LIC’s Jeevan Tarang This is a with-profits whole of life plan which provides for annual survival benefit at a rate.
Do you face these objections from clients? Why only % of my 1st year premium is invested ?? Is there any Guarantee ??? It’s my money, why should.
An Ideal gift for every Indian aged between 8 and 45 yrs.
Samridhi Plus Plan no 804. HIGHLIGHTS OF THE PLAN A Unit Linked Insurance Plan that offers best of the Stock Market through Samridhi Plus Fund. Highest.
LIC’s ENDOWMENT PLUS TABLE NO 802.
Who can avail of this plan ?  Those aged between 14 years and 57 years Are policy terms flexible ?  Yes, The options are 12, 16 or 20 years. Upto.
UNIT MEETING K.SANKAR SBA. TOPICS FOR THE DAY All the 9-NEW PLANS Review of our TEAM’S Performance YEARLY GOAL Review.
New Children Money Back
A Close Ended Scheme open for sale from 16 th Feb 2009 to 31 st Mar 2009.
SBI Life Money Back Plan
February 2011 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential.
NEW ARRIVALS LIC’s JEEVAN SANGAM (Plan No.831)
Lic Jeevan Sangam – T 831 Presented by
K.SANKAR,SBA JEEVAN RAKSHAK Max Mat Age 70 NBD Min & Max Term 10 to 20 Yrs Maturity Benefit: Sum Assured + Loyalty Addition, if any.
Jeevan Rakshak Plan No.827.
LIC’s NEW ENDOWMENT PLAN Table No. 814 LIC’s NEW ENDOWMENT PLAN Table No. 814.
LIC’s NEW ENDOWMENT PLAN Plan No. 814 LIC’s NEW ENDOWMENT PLAN Plan No. 814 To know more please visit :
LIC SZO Chennai – Product Presentation ENDOWMENT PLANS Jeevan Anand149 Endowment with Profit14 Limited Payment Endowment with profit48 Jeevan Mitra88 Jeevan.
The Magic of Jeevan Saral An insight into this unique plan of L.I.C. of India.
ENDOWMENT PLANS Prepared by: Shrikant Deshpande Shrikant Deshpande Nitesh Urwete Nitesh Urwete Dilip Dhote Dilip Dhote Omraj Gurunule Omraj Gurunule Abhilash.
LIC’s Jeevan Ankur. LIC’s Jeevan Ankur Features A must plan for all parents. Parent is the Life Assured, child is the Beneficiary. Death Benefit = Sum.
WITH PROFIT ASSURANCE PLAN PRESENTED BY MANGALA BAKSHI.
NEW JEEVAN ANAND PLAN Table No BASIC CONDITIONS Minimum Age at Entry18 Years Maximum Age at Entry50 Years Minimum Term15 Years Maximum Term35 Years.
PPT On New PLans.
1 Children Plans Children’s Deferred Endowment Assurance - With Profits ( Table No. 41 & 50) Jeevan Kishore with Profits ( Table No. 102) Komal Jeevan.
IMMEDIATE ANNUITY PLAN
LIC empowers women of India with Jeevan Bharati An Exclusive plan for the woman of Today… you because we care and understand The best way to honour.
A Reliance Capital company Strictly For Internal Communication Only Reliance Super InvestAssure Plan June 3 rd, 2008 Get More Than You Can Ask For!
Birla Sun Life Insurance Company Limited Copyright © Birla Sun Life Insurance Company Limited 2008 Strictly for internal training purpose only JAN, 2011.
A Reliance Capital company Strictly For Internal Communication Only Reliance Life Insurance Money Multiplier Plan UIN: IRDA Approval Awaited.
LIC’S Jeevan Vaibhav (Plan No. 809).
1 Introducing LICs New Health Plan Jeevan Arogya.
LIC’s SAMRIDHI PLUS TABLE NO.804.
A Presentation on LIC Insurance Plans
SINGLE PREMIUM ENDOWMENT PLAN TABLE NO BASIC CONDITIONS Minimum Age at Entry90 Days (Complete) Maximum Age at Entry65 Years Minimum Term10 Years.
LIC’s Flexi Plus Plan No Flexi Plus - Highlights Life Insurance Protection Payment of Sum Assured on death Financial protection Payment of Fund.
LIC’s New Jeevan Nidhi Plan No LIC’s New Jeevan Nidhi - Highlights Life Protection ~ Insurance Cover upto Date of Vesting Pension ~ Option To purchase.
BIMA BACHAT PLAN TABLE NO BASIC CONDITIONS Minimum Age at Entry15 Years (Complete) Maximum Age at Entry for 9yrs Term 66 Years Maximum Age at Entry.
NEW JEEVAN NIDHI TABLE NO. 818 DEFER ANNUITY PLAN DEFER ANNUITY PLAN.
This plan is specially designed to meet the increasing educational and other needs of growing children It provides the risk cover on the life of child.
TERM ASSURANCE PLAN (WITHOUT PROFIT) 1) ANMOL JEEVAN 1 (PLAN NO. 164) 2) AMULYA JEEVAN 1 (PLAN NO. 190) 3) 2 Yrs TEMPORARY ASSURANCE (PLAN NO.43) 4) MORTGAGE.
Prepared by: Kamlesh Gurbuxani TABLE 830 LIC’s LIMITED PREMIUM ENDOWMENT PLAN Launch Date : 09/12/2014 UIN No: 512N293V01.
NEW ENDOWMENT PLAN Table No BASIC CONDITIONS Minimum Age at Entry8 Years Maximum Age at Entry55 Years Minimum Term12 Years Maximum Term35 Years.
PRESENTING… A PLAN For Internal Circulation Only Product Development.
JEEVAN LABH Plan No.836.
Exclusively, for your Child Scholar II Guaranteed Education Plan for your child.
Prepared by Swarnalata Dash Pension Plan Met Deferred Monthly Income Plan.
WELCOME Mr.Sangharakshit Shende Development Officer Mumbai, LIC OF INDIA.

164 – ANMOL JEEVAN I.
LIC’s NEW JEEVAN ANAND PLAN
LIC’s JEEVAN RAKSHAK PLAN
Table No.186 Jeevan Amrit.
LIC’S JEEVAN ANKUR (Plan No. 807).
LIC’S TABLE NO 89 JEEVAN SAATHI
LIC’s NEW MONEY BACK PLAN
Table No.192 Jeevan Bharati - I LIC's TRIBUTE TO INDIAN WOMEN.
Marriage/Educational annuity plan
The Magic of Jeevan Saral
Whole Life With Profit/Ltd Payment Create an Estate
LIC’S JEEVAN ANKUR (Plan No. 807).
Komal Jeevan Because every child deserves the best, GUARANTEED!!
Presentation transcript:

UNIT MEETING 20 FEB 2014 S.R. Shardul, Development Officer Hearty Welcome by Shashikant Shardul

TOPICS FOR THE DAY All the 9-NEW PLANS Review of our TEAM’S Performance YEARLY GOAL Review S. R. Shardul, Development Officer

Table NEW ENDOWMENT PLAN Table NEW JEEVAN ANAND Table-816 – NEW BIMA BACHAT Table-817 – SINGLE PREMIUM ENDOWMENT PLAN Table-818 – NEW JEEVAN NIDHI Table-820 – NEW MONEY BACK PLAN (20-YRS) Table-821 – NEW MONEY BACK PLAN (25-YRS) Table-822 –ANMOL JEEVAN II Table-823 – AMULYA JEEVAN II S. R. Shardul, Development Officer What are the NEW PLANS of LIC ?

S.R. Shardul, Development Officer NEW ENDOWMENT PLAN (814)

New Avatar of our most popular Table-14 Age at Entry: 8-completed Max Entry: 55-yrs Terms: 12 to 35 years only; Max Maturity Age:75 Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY Minimum Sum Assured: 1-Lac No Maximum Limit All Male Lives & Females of all Categories eligible All Non-Medical Schemes eligible as per rules All Age-Proofs (Standard, NSAP-1/2/3) acceptable Service Tax to be borne by Policyholder as per Govt rules S. R. Shardul, Development Officer NEW ENDOWMENT PLAN (814)

Maturity Benefits Death Benefits Accident Benefit & Disability Benefit (AB & DB) S. R. Shardul, Development Officer BENEFITS OF TABLE - 814

SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable) S. R. Shardul, Development Officer MATURITY BENEFITS

Sum Assured on Death (SAD) + BONUS + FAB What is Sum Assured on Death? It is: Basic Sum Assured (or) 10-times of Annualized Premium (or) 105% of the Premiums paid as on date of death; Whichever is Higher…. S.R. Shardul, Development Officer DEATH BENEFIT

AB & DB Rider is nothing but EPDB. What is AB & DB Rider? Covers Accidental Death as well as Permanent Disability If death occurs due to accident, 1-more SA is payable. For Permanent Disability of any 2-Limbs due to Accident, Future Premium is waived Basic SA is given back to the Policyholder in 120-instalments Full SA + all other maturity Benefits are given on Maturity. S.R. Shardul, Development Officer ACCIDENT BENEFIT & DISABILITY BENEFIT (AB &DB RIDER)

Loan Facility available after 3-years Surrender allowed after 3-years Lapsed Policy to be revived within 2-years from FUP Commission rates are: 35% in 1 st year, 7.5% in 2 nd & 3 rd and thereafter 5% in subsequent years No Foreclosure action is taken for IN-FORCE policies Service Tax to be borne by the Policyholder. S.R. Shardul, Development Officer OTHER FEATUERES OF TABLE - 814

S.R. Shardul, Development Officer NEW JEEVAN ANAND (815)

New Avatar of our most popular Table-149 Age at Entry: 18-completed Max Entry: 50-yrs Terms: 15 to 35 years only; Max Maturity Age:75 Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY Minimum Sum Assured: 1-Lac No Maximum Limit All Male Lives & Females of all Categories eligible All Non-Medical Schemes eligible as per rules All Age-Proofs (Standard, NSAP-1/2/3) acceptable Service Tax to be borne by Policyholder as per Govt rules S.R. Shardul, Development Officer NEW JEEVAN ANAND (815)

Maturity Benefits Death Benefits Accident Benefit & Disability Benefit (AB & DB) FREE RISK COVER after MATURITY S.R. Shardul, Development Officer BENEFITS OF TABLE 815

SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable) S.R. Shardul, Development Officer MATURITY BENEFITS

Sum Assured on Death (SAD) + BONUS + FAB What is Sum Assured on Death? It is: 125% of Basic Sum Assured (or) 10-times of Annualized Premium (or) 105% of the Premiums paid as on date of death; Whichever is Higher…. S.R. Shardul, Development Officer DEATH BENEFIT

AB & DB Rider is nothing but EPDB. What is AB & DB Rider? Covers Accidental Death as well as Permanent Disability If death occurs due to accident, 1-more SA is payable. For Permanent Disability of any 2-Limbs due to Accident, Future Premium is waived Basic SA is given back to the Policyholder in 120-instalments Full SA + all other maturity Benefits are given on Maturity. S.R. Shardul, Development Officer ACCIDENT BENEFIT AND DISABILITY BENEFIT (AB & DB RIDER)

FREE RISK COVER for Basic Sum Assured life-long DAB Cover is available up to Age:70 S.R. Shardul, Development Officer FREE RISK COVER AFTER MATURITY

S.R. Shardul, Development Officer NEW JEEVAN ANAND (815)

NEW BIMA BATCHAT PLAN (816) S.R. Shardul, Development Officer

NEW BIMA BATCHAT PLAN (816) Single Premium Money Back Plan for 9, 12 & 15 years Age at Entry: 15-completed Max Entry: 66-yrs Max Maturity Age:75 Minimum Sum Assured: 35,000/50,000/75,000 (9,12,15) All Male Lives & Females of all Categories eligible All Non-Medical Schemes eligible as per rules All Age-Proofs (Standard, NSAP-1/2/3) acceptable Service Tax to be borne by Policyholder as per Govt rules S.R. Shardul, Development Officer

Features and Benefits of 816 SB of 15% of SA payable every 3-years Return of Premium + Loyalty Addition on Maturity Death Benefit: Within 5-years: SA is payable After 5-years: SA + Loyalty Addition is payable Loan available after 1-year Surrender of Policy can be done ANYTIME. S.R. Shardul, Development Officer

SINGLE PREMIUM ENDOWMENT (817)

Age at Entry: 90-DAYS completed Max Entry: 65-yrs Terms: 10 to 25 years only; Max Maturity Age:75 Minimum Sum Assured: No Maximum Limit All Male Lives & Females of all Categories eligible All Non-Medical Schemes eligible as per rules All Age-Proofs (Standard, NSAP-1/2/3) acceptable Service Tax to be borne by Policyholder as per Govt rules S.R. Shardul, Development Officer

NEW MONEY BACK PLAN ( 820 )

Limited Premium money back plan; Term:20; PPT: 15 Age at Entry: 13-completed Max: 50-yrs; Max Maturity:70 Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY Minimum Sum Assured: 1-Lac No Maximum Limit All Male Lives & Females of all Categories eligible All Non-Medical Schemes eligible as per rules All Age-Proofs (Standard, NSAP-1/2/3) acceptable Service Tax to be borne by Policyholder as per Govt rules S.R. Shardul, Development Officer

BENEFITS of Table No. 820 Survival Benefits Maturity Benefits Death Benefits Accident Benefit & Disability Benefit (AB & DB) S.R. Shardul, Development Officer

SURVIVAL BENEFITS 820 At the end of 5 th year: 20% of the Sum Assured At the end of 10 th year: 20% of the Sum Assured At the end of 15 th year: 20% of the Sum Assured S.R. Shardul, Development Officer

MATURITY BENEFITS 820 Balance 40% SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable) S.R. Shardul, Development Officer

DEATH BENEFIT 820 Sum Assured on Death (SAD) + BONUS + FAB What is Sum Assured on Death? It is: 125% of Basic Sum Assured (or) 10-times of Annualized Premium (or) 105% of the Premiums paid as on date of death; Whichever is Higher…. S.R. Shardul, Development Officer

Accident Benefit & Disability Benefit (AB & DB Rider) AB & DB Rider is nothing but EPDB. What is AB & DB Rider? Covers Accidental Death as well as Permanent Disability If death occurs due to accident, 1-more SA is payable. For Permanent Disability of any 2-Limbs due to Accident, Future Premium is waived Basic SA is given back to the Policyholder in 120-instalments Full SA + all other maturity Benefits are given on Maturity. S.R. Shardul, Development Officer

Other Features of Table-820 Loan Facility available after 3-years Surrender allowed after 3-years Lapsed Policy to be revived within 2-years from FUP Commission rates are: 28% in 1 st year, 7.5% in 2 nd & 3 rd and thereafter 5% in subsequent years No Foreclosure action is taken for IN-FORCE policies Service Tax to be borne by the Policyholder. S.R. Shardul, Development Officer

NEW MONEY BACK PLAN (821) Limited Premium money back plan; Term:25; PPT: 20 Age at Entry: 13-completed Max: 45-yrs; Max Maturity:70 Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY Minimum Sum Assured: 1-Lac No Maximum Limit All Male Lives & Females of all Categories eligible All Non-Medical Schemes eligible as per rules All Age-Proofs (Standard, NSAP-1/2/3) acceptable Service Tax to be borne by Policyholder as per Govt rules S.R. Shardul, Development Officer

BENEFITS of Table-821 Survival Benefits Maturity Benefits Death Benefits Accident Benefit & Disability Benefit (AB & DB) S.R. Shardul, Development Officer

SURVIVAL BENEFITS At the end of 5 th year: 15% of the Sum Assured At the end of 10 th year: 15% of the Sum Assured At the end of 15 th year: 15% of the Sum Assured At the end of 20 th year: 15% of the Sum Assured S.R. Shardul, Development Officer

MATURITY BENEFITS Balance 40% SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable) S.R. Shardul, Development Officer

DEATH BENEFIT Sum Assured on Death (SAD) + BONUS + FAB What is Sum Assured on Death? It is: 125% of Basic Sum Assured (or) 10-times of Annualized Premium (or) 105% of the Premiums paid as on date of death; Whichever is Higher…. S.R. Shardul, Development Officer

Accident Benefit & Disability Benefit (AB & DB Rider) AB & DB Rider is nothing but EPDB. What is AB & DB Rider? Covers Accidental Death as well as Permanent Disability If death occurs due to accident, 1-more SA is payable. For Permanent Disability of any 2-Limbs due to Accident, Future Premium is waived Basic SA is given back to the Policyholder in 120-instalments Full SA + all other maturity Benefits are given on Maturity. S.R. Shardul, Development Officer

Other Features of Table No. 821 Loan Facility available after 3-years Surrender allowed after 3-years Lapsed Policy to be revived within 2-years from FUP Commission rates are: 28% in 1 st year, 7.5% in 2 nd & 3 rd and thereafter 5% in subsequent years No Foreclosure action is taken for IN-FORCE policies Service Tax to be borne by the Policyholder. S.R. Shardul, Development Officer

new jeevan nidhi 818 S.R. Shardul, Development Officer

818- NEW JEEVAN NIDHI Eligibility Conditions, Restrictions and Benefits: Age at entry: 20 – 58 years N.b.d (for Regular Premium ) Age at entry: 20 – 60 years N.b.d (for Single Premium) Age at vesting: 55 – 65 years Deferment term: 7 – 35 years (for Regular Premium ) Deferment term: 5 – 35 years N.b.d (for Single premium ) Basic Sum Assured: 1, 00,000 – No limit (Under regular premium Plan in multiples of 5000) Basic Sum Assured: 1, 50,000 – No limit (Under single premium Plan in multiples of 5000) S.R. Shardul, Development Officer

new jeevan nidhi 818 Payment Modes: Single, Yearly, Half yearly, Quarterly, Monthly (ECS or salary deduction) Mode Rebates Yearly 2% of TP, Half Yearly 1% of TP Basic Sum Rebates For 3,00, 000 & above – Regular Rs / Single Rs per thousand BSA ADDB rider (Optional) Rs 1.00 per / Rs 1.50 per thousand SA. Min. SA 1, 00,000. Opt able any time Service Tax First year 3.09% Subsequent 1.545% Loan Not allowed Surrender Regular:- After 2 years for Def. S.R. Shardul, Development Officer

Single Premium: if within 3 years of DOC then 70% of Single premium Death Benefit** Before first 5 years : BSA + 50 per thousand BSA which is Payable as Lump sum / Annuity OR Partly Lump sum & Balance as annuity Death Benefit After first 5 years: BSA plus GA for 5 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. (Payable Lump sum / Annuity OR Partly Lump sum & Balance as annuity) ** Total death benefit at any time shall not be less than 105% of total premiums paid. S.R. Shardul, Development Officer new jeevan nidhi 818

Benefits on Vesting** BSA plus GA for 5 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. ** Proceeds are Payable in two choices o Purchase an immediate annuity. From LIC of India only. After commuting to the extent allowed under IT act. / Without commuting o Purchase a new single premium deferred pension product from LIC of India Without commuting ** Provided the amount required is sufficient to purchase a minimum amount of annuity.If not it will be paid out in a lump sup S.R. Shardul, Development Officer new jeevan nidhi 818

L.I.C’s TERM INSURANCE PLANS PLAN No-822 ANMOL JEEVAN – II PLAN No-823 AMULYA JEEVAN – II S.R. Shardul, Development Officer

Term Assurance Plans: 822 & 823 S.R. Shardul, Development Officer

term assurance plan S.R. Shardul, Development Officer New Anmol JEEVAN II Plan No. 822

Anmol jeevan II 822 FEATURES  Pure Term Assurance Policy  Low Premium, Low Risk Cover Plan  Ideal for:  Youngsters making start-in-life  People interested in pure risk cover only S.R. Shardul, Development Officer

Anmol jeevan II 822 DEATH BENEFIT  Full Sum Assured is paid to the Nominee in the event of death of the Policy Holder S.R. Shardul, Development Officer

Anmol jeevan II 822 Features not available in the plan  Maturity - No Maturity would be given to the policyholder at the end of the term  Surrender value - No surrender value will be available under this plan  Loan - Loan facility is not available in this plan  Paid up value -The policy will not acquire any paid up value S.R. Shardul, Development Officer

Anmol jeevan II 822 PLAN SPECIFICATION  Minimum Age - 18 (years completed)  Maximum Age – 55 (nearest birthday)  Minimum Term – 5  Maximum Term - 25  Minimum Sum Assured – 6,00,000  Maximum Sum Assured – 24,00,000 S.R. Shardul, Development Officer

Anmol jeevan II 822 S.R. Shardul, Development Officer

term assurance plan S.R. Shardul, Development Officer LIC’s New AMULYA JEEVAN II Plan No. 823

Amulya jeevan II 823 FEATURES  Pure Term Assurance Policy  Low Premium, High Risk Cover Plan  Ideal for:  Youngsters making start-in-life  People interested in pure risk cover only S.R. Shardul, Development Officer

Amulya jeevan II 823 Low Cost – benefit  Cheapest Policy for Risk Cover Purpose  Risk Cover available till age 70  Sum Assured is provided to Nominee on death of the Policyholder S.R. Shardul, Development Officer

Amulya jeevan II 823 DEATH BENEFIT  Full Sum Assured is paid to the Nominee in the event of death of the Policy Holder S.R. Shardul, Development Officer

Amulya jeevan II 823 Features not available in the plan  Maturity - No Maturity would be given to the policyholder at the end of the term  Surrender value - No surrender value will be available under this plan  Loan - Loan facility is not available in this plan  Paid up value -The policy will not acquire any paid up value S.R. Shardul, Development Officer

Amulya jeevan II 823 PLAN SPECIFICATION  Minimum Age - 18 (years completed)  Maximum Age – 60 (nearest birthday)  Minimum Term – 5  Maximum Term - 35  Minimum Sum Assured – 25,00,000  Maximum Sum Assured – No Limit S.R. Shardul, Development Officer

Amulya jeevan II 823 S.R. Shardul, Development Officer

Jeevan Akshay Table No. 189 S.R. Shardul, Development Officer

Jeevan Akshay Table No. 189

S.R. Shardul, Development Officer Shashikant Shardul Development Officer