A Presentation on LIC Insurance Plans By- Rahul Bhagat Deval Shah

BIMA ACCOUNT- I Plan offers: Simplicity Liquidity Guaranteed minimum return No medical examination Transparent charges Risk cover 6% annual return if all premiums are paid Option to pay addition(Top-up) premium Loan facility after one year of policy Policy term 5 to 7 years

Payment can be done on Yearly, Half-yearly, Quarterly, Monthly Premium Options: Regular premium Payment can be done on Yearly, Half-yearly, Quarterly, Monthly Eligibility: Minimum Maximum Yearly 7000 14000 Half Yearly 4000 Quarterly 2000 3500 Monthly 600 1100 Entry Age Maturity Age Minimum 11 18 Maximum 50 57

Minimum 10 times of annualized premium Maximum Sum Assured: Minimum 10 times of annualized premium Maximum Charges: Mortality Charges Service Tax Charges Alteration Charges Benefits: Maturity Benefit – Balance in Policyholder’s A/c Death Benefit – sum assured alongwith amt. in policyholders A/c Guaranteed Interest – 6% Age Sum Assured (of annualized premium) Up to 35 years 20 times 36 to 45 years 14 times 46 to 50 years 10 times

ENDOWMENT PLUS Investment cum Insurance cover Based on NAV (Net Asset Value) of Units Payment can be done on Yearly, Half-yearly, Quarterly, Monthly Policy term 10 to 20 years Premium Options: Minimum Premium        Regular premium: Rs. 20,000 p.a. Regular premium: Rs. 1,750 p.m.   Single premium: Rs. 30,000    Maximum Premium Regular premium: Rs. 1,00,000 p.a. Single premium: No Limit  

Regular : policy term + 1 times Single Premium : Eligibility: Sum Assured: Minimum Regular : policy term + 1 times Single Premium : Entry Age Maturity Age Minimum 7 18 Maximum 60 70 Age Cover Below 45 years 1.25 times 45 years & above 1.10 times

Maximum Regular Premium Single Premium Age Cover Up to 45 years 30 times 46 to 60 years 25 times Up to 55 years 56 to 60 years Critical Illness benefit 5 times 3 times Up to 65 years 66 to 70 years Critical Illness benefit not opted

Charges: Premium Allocation Charges Mortality Charges Policy Admin Fund Mgmt. Switching Charges Misc. Charges Benefits: Death benefit Maturity Benefit Accident – 25K to 50L Critical illness benefit rider – 50K to 10L

JEEVAN ANURAG Eligibility: For educational need of children Immediate payment on death Payment of basic sum assured at start of every year during last 3 policy years 40% alongwith bonuses at the end of the term Eligibility: Age at entry Age of the Life Assured- 20 to 60 years (age nearest birthday) Age of the Life Assured at maturity Maximum 70 years (age nearest birthday) Term All terms from 10 to 25 years. In case of single premium mode minimum term shall be 5 Years. Minimum Sum Assured Rs. 50,000 /- Maximum Sum assured No limit. Sum Assured will be in multiples of Rs.5,000 /- only. Mode Yearly, Half-yearly, Quarterly, Monthly or through salary deductions in case of regular premiums.

Premium Options: (i) Single Premium- One Year (ii) Regular Premium payable during (n-3) Years, where n is the policy term (iii) Regular Premium payable throughout the policy term  Benefits: Grace period Loan @ 9% compounded half yearly Guaranteed Surrender Value

CHILD ENDOWMENT VESTING AT 21 Enable a parent or a legal guardian to provide insurance cover on the life of the child Cover starts from deferred date i.e. 21 years of age Premiums are payable yearly, half-yearly, quarterly or monthly Bonuses after Deferred Date Benefits: Death Benefit – Sum assured along with vested bonuses Maturity benefit - Sum assured along with all bonuses Extra Benefits Guaranteed Surrender Value

JEEVAN KISHORE Endowment assurance plan for children of less than 12 years Risk commences after 2 years from the date of commencement Premiums are payable yearly, half-yearly, quarterly or monthly Death Benefit: The Sum Assured along with vested bonuses Maturity Benefit: Sum assured along with all bonuses declared during the policy term Premium Waiver Benefit Guaranteed Surrender Value

CHILD CAREER PLAN To meet the increasing educational need provides the risk cover on the life of child not only during the policy term but also during the extended term yearly, half-yearly, quarterly or through Salary deductions premium payments Selection of Sum Assured, Maturity Age, Policy term. Death Benefit: Sum Assured + Vested bonuses + Final bonus Auto Cover Premium Waiver Benefit Surrender Value Grace Period Cooling off period

Eligibility: Survival Benefit: 5 years before the date of expiry – 30% of S.A. + Bonuses 1-4 years before the date of expiry – 15% of S.A. On the date of expiry – 15% of S.A. + Final Bonus Minimum Entry Age 0 years (last birthday) Maximum Entry Age 12 years (last birthday) Minimum Maturity Age 23 years (last birthday) Maximum Maturity Age 27 years (last birthday) Minimum Sum Assured Rs. 1,00,000 Maximum Sum Assured Rs. 100,00,000 Policy term 11 to 27 years Premium Paying term 6 years and Policy term less 5 years

MARRIAGE ENDOWMENT OR EDUCATIONAL ANNUITY PLAN Designed to meet expenses of marriage/education Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deduction Death Benefit – S.A. plus accrued bonuses up to maturity Maturity Benefit - S.A. plus all bonuses declared up to maturity Extra Benefits Guaranteed Surrender Value

JEEVAN AADHAR Offered to a person who has a handicapped dependent premiums paid under this plan are eligible for Income Tax relief under Section 80DDA  Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions Guaranteed additions @ Rs.100 per 1000 Death Benefit: Life Assured, Sum Assured together with the Guaranteed Additions and terminal additions, if any, become payable Maturity Benefit: No maturity date Surrender of the policy is not allowed

THE ENDOWMENT ASSURANCE POLICY Moderate Premiums High bonus High liquidity Savings oriented Lump sum assurance Disability Benefit: If disability comes near the age of 70 – no further premium payments are needed Accident Benefit @ Rs.1 per 1000 Premium Stoppage can be done only after 3 premium payments

JEEVAN MITRA ( 2 & 3 times ) Greater financial protection against death throughout the term Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions Death Benefit: Twice the S.A. + Bonuses Thrice the S.A. + Bonuses Maturity Benefit: S.A. + All Bonuses up to maturity Extra Benefits Guaranteed Surrender Value:  Only after 3 years 30% guaranteed of the basic premium excluding 1st premium

JEEVAN PRAMUKH For people with Exclusive Lifestyle Endowment assurance plan offering the choice of 3 premium paying options Premiums are payable yearly, half-yearly, quarterly or monthly Death or Maturity Benefit – S.A. + Accrued guaranteed additions & bonuses + Final Bonus if any Guaranteed Additions @ 0.50% of the S.A every year Grace Period – 30 days 15 days cooling off period Guaranteed Surrender Value Loan @ 9% payable half yearly

Eligibility: Minimum Age at entry 18 years completed Maximum Age at entry 65 years (age nearer birthday) Maximum Maturity Age 75 years (age nearer birthday) Policy Term 5, 10, 15, 20 or 25 years Sum Assured Minimum Rs.10 lakh. Thereafter in multiples of Rs.1,00,000

JEEVAN SHREE-I Choice of many convenient premium Financial protection against death Premiums are payable yearly, half-yearly, quarterly or through Salary deductions Guaranteed additions @ Rs.50 per 1000 Bonuses from 6th year onwards Benefits: Death Benefit - Sum Assured alongwith guaranteed additions and vested bonuses Maturity Benefit - Sum Assured alongwith guaranteed additions and reversionary bonuses Guaranteed Surrender Value

MONEYBACK POLICY – 20 YEARS Partial survival benefits during the term of policy 20% of sum assured payable after 5,10,15 yrs Balance of 40% + bonus at 20 yrs Money back type of assurance that provides protection against death throughout the term Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions  Benefits Bonuses Death Benefit – Sum Assured + Bonuses till date Guaranteed Surrender Value Extra Benefits

% of Sum Assured paid at the end of specified duration Survival Benefits & Parameters: % of Sum Assured paid at the end of specified duration Duration Benefit 5 20% 10 15 20 40% Minimum Maximum Entry age 13 (lbd) 50 Sum assured (Rs.) 50,000 NO LIMIT Term (years) Fixed at 20 for plan 75 and 25 for plan 93 - Mode of Payment Maximum Maturity Age Policy loan available Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme 70 years No

JEEVAN SURABHI Maturity term more than premium paying term Early and higher rate of survival benefit payment Risk cover increases every five years Actual term & Premium paying term: Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions Plan no. Policy Term Premium Paying Term 106 15 years 12 years 107 20 years 108 25 years 18 years

Guaranteed Surrender Value Survival Benefit Death Benefit Maturity Benefit Extra Benefits Guaranteed Surrender Value Survival Benefit Percentage of Sum Assured payable at the end of specified duration Plan and Term ( Premium Paying Term ) Duration 106/15(12) 107/20(15) 108/25(18) 4 30% 25% 20% 5 - 8 10 12 40% 15   18

Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme Parameters: Minimum Maximum Entry age 14 (last birthday) Plan 106 – 55 Plan 107 – 50 Plan 108 – 45 Sum assured (Rs.) 50,000 NO LIMIT Term (years) 15 years Fixed Term Mode of Payment Maximum Maturity Age Policy loan available Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme 70 years No

BIMA BACHAT Money back policy offering financial security to policyholder and family Only one premium to be paid Benefit @ 15 % every 3 year Insured for the amount equal to sum assured Minimum age 15 years and maximum is 66 years for applying Maturity at the the age of 75 year Minimum sum that to be assured – 20000 ( in multiple of 5000) Premium rebates as sum assured increases

JEEVAN BHARATI-I Increased age at Entry ( 18 years to 55 years) Flexibility to pay premium in advance Encashment of Survival Benefit as and when needed Option to receive Maturity Benefits as Annuity Auto Cover ( after 2 premiums cover will continue for 3 years from the first unpaid premium without premium payment ) Reduced premium rates 15 to 20 years policy term Benefits: Increased age at Entry ( 18 years to 55 years) Increased Maturity Age (70 years) Available to all category of Females Loan Facility Available Optional Riders-Accident Benefits ( 50 K to 50 L) Critical Illness Benefit & Congenital ( 50000 to 500000) Disability Benefit

SURVIVAL BENEFIT Survival Benefits will be paid as %age of S.A. as below : 15 yr 20 yr After 5 yrs 20% 20% After 10 yrs 20% 20% After 15 yrs - 20% DEATH BENEFIT Sum Assured (without deduction of any SB paid) Plus Reversionary Bonus [ 25000 to 25 lakh ] and Final Additional Bonus (if any) will be payable.

THE WHOLE LIFE POLICY Plan to protect heirs of the policy holder Payment of sum assured + bonuses Premiums are payable upto 80 years of policyholder or term of 35 years whichever is later premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions Benefits: Bonuses Death Benefit ( sum assured + all bonuses till date) Maturity Benefit ( anytime after 40 years from the date of commencement of policy) Extra Benefit and Guaranteed surrender value

Parameters: Age at entry: Minimum - 15 years last birthday Maximum - 60 years Sum Assured: Minimum - Rs.50,000/- Maximum - No limit Mode of payment: Yearly, half-yearly, quarterly, monthly and SSS Policy Loan: Yes

JEEVAN ANAND Combination of Endowment Assurance And Whole life plns. Financial protection against death throughout the lifetime of the life assured. Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions. Bonuses are declared per thousand Sum Assured annually at the end of each financial year. BENEFITS Death benefit- Sum Assured along with the vested bonuses Accident benefit- Max of 5L upto age of 70 yrs Supplementary Benefit Surrender value

TWO YEAR TEMPORARY ASSURANCE POLICY For the insuring public who requires risk cover for a maximum of two years Single premium is required to be paid Proposer is required to pay the medical examination fee No surrender value No Loan Death Benefit – Total Sum Assured Parameters: Mode of Payment Maximum premium paying period Policy loan available Single Premium 62 years No Minimum Maximum Entry age 18 60 Sum assured (Rs.) 50,000 1,00,000 Term 6,12,18,24 months Not Applicable

THE CONVERTIBLE TERM ASSURANCE POLICY To meet the needs of people who are initially unable to pay larger premium but will be able to pay in future Option of conversion into endowment assurance or limited payment whole life assurance The sum assured is payable only in the event of death of the Life Assured before the expiry of the specified term Parameter: Mode of Payment Maximum premium paying period Policy loan available Yearly, Half-yearly,Quarterly, Monthly 55 years No   Minimum Maximum Entry age 20 (nearer birthday) 50 Sum assured (Rs.) 50,000 1,00,00,000 Term (years) 5 7

JEEVAN SAATHI Provides protection against both lives Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions  Benefits: Death benefit – sum assured payable in lumpsum Maturity benefit – sum assured alongwith bonuses Extra benefits Survival benefits Guaranteed Surrender Value

MORTGAGE REDEMPTION Parameter: Designed to meet the requirements of the policy holding individual who seeks to ensure that all his outstanding loans and debts are automatically paid up in the event of his demise Usually issued only to male of age 50 years or below Insurance cover would not extend beyond age of 65 years Death Benefit : All outstanding loans declared at the beginning of the financial year would be payable as per the prepared schedule Parameter: Minimum Maximum Entry age (Years) 20 50 Sum assured (Rs.) 50000(except for single premium) 1000000 Term (Years) - Mode of Payment Maximum Maturity age Policy loan available Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme 65 years No

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