LIC PLANS- AN ESSENTIAL NEED TO SURVIVE PEACEFULLY!Share BlogLic insurace by Preeti Khana

Benefits of buying life insurance :

  1. One will have ultimate peace of mind that if I  expire my family and loved ones will have a financial safety in my presence.
  2. Companies or Life insurance will pay a lump-sum benefit to help with financial crunches left behind.
  3. Payouts are oftenly tax free.
  4. Few companies offer variant of  policy discounts for taking out a joint policy with  spouse.
  5. Coverage can generally be bundled with other types of life insurance.
  6. Some insurance companies will  let you increase or decrease the benefit of the policy in the future.
  7. Some of life insurance have a cash value. A portion of the paid premium is set aside and either accumulates interest or is invested in the market. You can borrow from that cash value, or keep it as an end-of-life payout.
  8. Most policies provide an advance benefit, without a waiting period, to help cover immediate costs following death.
  9. As we get older and become prone to risk , we may not qualify for a life insurance policy or will pay more. Which is pinching factor to our pocket after retirement.
  10. Life Insurance at the end gives strength to relations-that’ YOU CARE’.

Following are the best Insurance plans by LIC the renowned brand of our country, which thinks for people on their survival or afte Death.

Jeevan Lakshya (833)-9310046775

Product Summary :
This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
13 to 25 Years

PPT :
(Policy Term – 3) Years

Minimum Entry Age :
18Years Completed

Maximum Entry Age :
50Years (Nearest Birthday)

Maximum Maturity Age :
65 Year (Nearest Birthday)

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits :
On Death :
Benefits payable on death:
Sum Assured on Death + Bonuses and Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity).
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity).
Along with Bonuses and Final Additional Bonus, if any, on maturity. (on due date of maturity).

On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Loan :
Available after payment of premium of 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

 

best insurance plan of LIC by Preeti Khanna

Plan :Jeevan Anand (815)-9310046775

Product Summary :
New Jeevan Anand(815) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his or her survival.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
15 to 35 years

Minimum Entry Age :
18 Year Completed

Maximum Entry Age :
50 Year (Nearest Birthday)

Maximum Maturity Age :
75 Year

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :

On Death :
Provided all due premiums have been paid, the following death benefit shall be paid:
• On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
• On death of policyholder at any time after policy term: Basic Sum Assured

On Survival :
Basic Sum Assured, along with vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Surrendered Value :
The policy can be surrendered for cash provided at least three full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.

Income Tax Benefit :
Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

Proposal Form : 300 shall be used under this plan

Lic insurace by Preeti Khana

Plan :Jeevan Labh (836)-call-9310046775

Product Summary :
Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
16 Year
21 Year
25 Year

PPT :
For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year

Minimum Entry Age :
8 Year Completed

Maximum Entry Age :
59 Year (Nearest Birthday)

Maximum Maturity Age :
75 Year

Minimum Sum Assured :
2,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum-Assured, OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.

On Survival :
On Survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least three full years premiums have been paid.

Loan :
Loan Facility is available under this plan, after payment of premiums for at least 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

Do and Don’ts

  1. Buy a policy while you’re  young. Age is as important to an insurance company as your health and lifestyle. The longer you put off buying life insurance, the more premium will be paid.
  2. Joint policies: Always include your partner or spouse on your term life insurance policy. Not only will the both of you be covered, but you’ll also be eligible for discounts on your premiums.

Donts

  1. Do not eat Unhealthy and smoke. The less risk you pose to the insurance company, the less you’ll have to pay.

There are more such Insurance plans one can opt for. Contact us : PREETI KHANNA  9310046775/ 9310001990

Email  us : kritigyaenterprises@gmail.com visit us : www.kritigyaenterprises.com

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