My LIC of India

Jeevan Amrit

Anushka — Sun, 18 Jul 2010 10:46:50 +0000

Jeevan Amrit (Plan No.186) is designed to meet the needs of persons having high earning for short span, wherein the income may decrease or stop thereafter. During the period of high income, the premium paying capacity of such persons is quite high. The premium will be high during first year and thereafter premium comes down significantly i.e. to the extent of half or 1/3rd or 1/4of the first year premium. You can choose the policy term from 10 to 30 years. Under Jeevan Amrit plan premium payment is limited to 3 or 4 or 5 years. During PPT, the premium payable in subsequent years is higher than the premium payable during the first year. Read Rest of the Jeevan Amrit details Here --> http://www.mylicindia.com/jeevan-amrit/

Bima Nivesh 2005

Anushka — Tue, 13 Jul 2010 21:28:28 +0000

Bima Nivesh 2005 is a plan with compound rate of guaranteed additions and loyalty additions . This is the revised version of our popular Bima Nivesh Plan 2004 and is introduced to meet the overwhelming demand for a single premium plan from our customers . It is a single premium, ideal investment plan for those who have no regular income but good periodical income. Bima Nivesh 2005 is available for terms 5 and 10 years. The guaranteed surrender value is payable after the policy has run for at least one year. Term Assurance Rider is also available by payment of a single premium at the option of the proposer.

Unit Linked Insurance Plan Revised

Anushka — Wed, 30 Jun 2010 14:43:35 +0000

Unit Linked Insurance Plan (ULIP) Revised terms you should know... Life Insurance will be compulsory. Read more at: ULIP Plans Revised.

ULIP vs. Mutual fund

Anushka — Thu, 10 Jun 2010 19:49:40 +0000

ULIPs and mutual fund are similar type of investments but not same. As we know mutual funds are more into investments; whereas ULIPs are into investments as well as insurance. When we look into the basic concept the difference between the two is very small, and mainly consists of product structure and risk coverage.

ULIP Insurance How it works?

Anushka — Sat, 29 May 2010 15:15:15 +0000

As now we know what exactly is an ULIP plan, now the next question normally pops out in our minds is how does this plan works out? No plan is easy to understand, so in the same way even it is critical to know the working of ULIP plan and how our money gets invested. ULIPs basically work like a mutual fund with a life cover involved in it.

Endowment Policy

Tabrej — Mon, 10 May 2010 14:43:34 +0000

Endowment Plan Summary: It is one of the oldest and popular LIC plan. Endowment plan (Table 14) provides financial assistance to the family of the life assured in the event of policy holders early death or a lumsum amount on policy holders survival upto the selected term. Hence, Endowment plan (Table 14) provides for family [...]

Limited Payment Endowment Policy

Tabrej — Mon, 10 May 2010 13:48:52 +0000

Limited Payment Endowment Plan Summary: This is an Endowment policy similar to Table No.14. LIC’s Limited Payment Endowment (Table no.48) provides the flexibility of choosing the Premium Paying Term (PPT). If you want to pay premium only for few years then this is right endowment plan for you. All other features are quite similar to [...]

Jeevan Saathi

Tabrej — Sat, 08 May 2010 17:58:34 +0000

Jeevan Saathi Summary: LIC’s Jeevan Saathi (Table No.89) is specially designed for married couples. It is for husband and wife who wants single policy for joint life risk cover. Key features: Unique Joint Life Insurance Policy from India’s No.1 Insurance company Tax benefit You can pay monthly, quarterly, half yearly or yearly premiums. Maturity Benefits: [...]

Jeevan Mitra

Tabrej — Wed, 05 May 2010 17:44:45 +0000

Jeevan Mitra (Double Cover Endowment Plan) Summary: Jeevan Mitra – Double Cover (Table No.88) is for people who need a big sum assured / financial protection to his/her family in case of unfortunate death during policy period. Jeevan Mitra plan is not allowed for non-earning majors including students. (i) When occupational extra is chargeable (ii) [...]

Jeevan Mitra (Triple Cover Endowment Plan)

Tabrej — Sun, 02 May 2010 13:54:27 +0000

Jeevan Mitra Summary: Jeevan Mitra – Triple Riskcover plan (Table No.133) is a refined version of endowment plan. Jeevan Mitra – Triple Riskcover is ideal for the persons who require high risk cover and at the same time want provision for certain needs. This plan is also good for persons availing housing loans etc. This [...]