LIC of India » Money Back Plans

LIC Bima Bachat Table 175

Adam — Sat, 26 Dec 2009 01:47:06 +0000

W.e.f. 14-11-2005.

It is a single premium Money back Type Plan. Survival benefits (15% of SA) are paid at 3rd, 6th, 9th & 12th policy year respectively depending on the policy term. On maturity the single premium paid alongwith Loyalty addition if any will be paid back.

General Conditions:

Min. age at entry: 15 years (completed).

Max. age at entry: 66 years (nbd).

Min. S.A.: Rs. 20,000

Max. SA.: Any Amount.

SA in multiples: Rs. 5000

Max. Maturity age: 75 years (nbd).

Terms Allowed: 9, 12 or 15 years.

Modes Allowed: All

Requirements in writing:

Age proof: Standard/Non-Std

Form Number: 300/340

Risk Coverage: SA

Dating Back @ 8%: Allowed

Policy Servicing:

Term Rider Option: No.

Critical Illness Rider: No.

Policy Loan @9%: Yes.

Assignment: Yes.

Surrender of Policy: Yes.

Survival Benefits: Yes.

Nomination: Yes

Benefits:

Death Benefits: During the Term of the policy if the Life Assured is dead, apart from survival benefits if any, paid earlier, an amount equal to SA will be paid.

Maturity Benefit/Survival benefit for 1 lakh SA Proposer’s Age 30 years:

POLICY TERM	Survival benefit at the end of Policy Year 3 Years 6 Years 9 Years 12 Years
9 Years	15,000	15,000	-	-
12 Years	15,000	15,000	15,000	-
15 Years	15,000	15,000	15,000	15,000

Tot Survival benefit		Single prem. Paid * is returned back		Total Amount
30,000	+	66,816	=	96,816+LA if any
45,000	+	71,922	=	1,16,922+LA if any
60,000	+	74,967	=	1,34,967+LA if any

* Less extra premium paid if any

Sum Assured Rebate
Less than 50,000	Nil
50,000 to 95,000	5%
1 lac to 1,95,000	7%
2 lacs & above	8%

Surrender Values (GSV, SSV): After completion of atleast 1 policy year, the policy can be surrendered for cash. The GSV is equal to 90% of the single premium paid excluding extra premium paid and the survival Benefits paid earlier.

Examples:

Mr. Rocky aged 30 years takes a Bima Bachat Policy for 15 years term for Rs 2 lakhs SA. He pays single premium of Rs. 1,48,322. He receives Survival Benefit of rs 30,000 each at the end of 3rd, 6th, 9th & 12th year respectively. On Maturity, he will receive Rs 1,48,322 being the single Prem. paid by him. Thus total amount received by him will be Rs 2,68,322 (Rs 1,20,000 as Survival Benefits + 1,48,322 as single Prem paid) + LA if any. If Mr. Rocky dies during the 13th policy year, his nominee will get Rs 2 lakh as SA as death benefit (Survival benefit of Rs 30000 each received during 3rd, 6th, 9th & 12th year will not be deducted from the SA). hence the total amount received would be Rs. 3,20,000.

Click here to know more about LIC Money back Plans. Click here to go back to LIC.

LIC New Bima Gold. Table-179 ==========LIC New Bima Gold. Table-179========== W.e.f. 04-09-2006 Requirements: Minimum age at entry: 14 years completed. Maximum age at entry: 57/51/45...
LIC Jeevan Surabhi Table-106 (15 Years) 107 (20 years) 108 (25 Years) ===Jeevan Surabhi Table-105 (15 Years) 107 (20 years) 108 (25 Years)=== W.e.f. 19-10-1992 This plan is suitable for professionals &...

LIC Money Back Policy Table 75 and Table 93

Adam — Fri, 25 Dec 2009 23:59:51 +0000

====Money Back Policy Table75 and Table 93====

Table 75: W.e.f. 01-09-1976

Table 93: W.e.f. 01-09-1986

This plan is suitable for professionals and businessmen as money available at regular intervals. Once in a 5 years, a portion of SA viz., Survival Benefit is paid as a percentage. Life risk cover for the entire sum assured even after payment of survival benefit. The life assured should have attained majority at the time of first survival benefit.

General Conditions:

Min. age at entry: 13 years.

Max. age at entry: 50 years.

Min. S.A.: Rs. 50,000

Max. SA.: Any Amount.

SA in multiples: Rs. 5000

Max. Maturity age: 70 years.

Min Term: 20 years.

Max Term: 20/25 years.

Modes Allowed: All

Accident benefit per 1000 SA: Re. 1 extra.

Requirements in writing:

Age proof: Standard (NSAP-1/2/3)

Form Number: 300/340

Female lives category: I/II/III

Dating Back @ 8%: Allowed

Non-Medical General: Allowed

Non-Medical Professional: Allowed

Non-Medical Special: Allowed

Risk Coverage: SA + Bonus

Actual Sum Assured: Basic SA

Policy Servicing:

Term Rider Option: Yes.

Critical Illness Rider: Yes.

Policy Loan @9%: Yes.

Assignment: Yes.

Revival: Yes.

Surrender of Policy: Yes.

Survival Benefits: Yes.

Housing Load: Yes

Benefits:

Maturity Benefits: Bonus is given for the full sum assured amount.

Death Benefits: Bonus + Full SA is paid to nominee before the policy term ends in case of death. In case of death claim, the survival benefit already paid is not deducted if any.

Following reinvestment tables will give an idea of the total amount available at the end of the term. If the survival benefits are re-invested at 9% interest compounded annually in Banks/company Deposits/Mutual funds/RBI bonds etc…

Reinvestment Table for plan Table 93-25, for 1 lakh SA

Survival Benefit	5 Years	10 Years	15 Years	20 Years	25 Years
I	15,000	23,079	35,510	54,637	84,066
II	-	15,000	23,079	35,510	54,637
III	-	-	15,000	23,079	35,510
IV	-	-		15,000	23,079
Maturity	-	-	-	-	40,000
Bonus @Rs 44 per 1000SA	-	-	-	-	1,10,000
FAB @Rs. 100 per 1000 S.A.	-	-	-	-	10,000
Total	15,000	38,079	73,589	1,28,226	3,57,292

Reinvestment Table for plan Table 75-20, for 1 lakh SA
Survival Benefit	5 Years	10 Years	15 Years	20 Years
I	20,000	30,772	47,347	72,850
II	-	20,000	30,772	47,347
III	-	-	20,000	30,772
Maturity	-	-	-	40,000
Bonus @Rs 39 per 1000SA	-	-	-	78,000
FAB @Rs. 75 per 1000 S.A.	-	-	-	7,500
Total	20,000	50,772	98,119	2,76,469

Examples:

1. Mr. Yadav takes a Money back Policy for 25 years for rs. 1 lakh under table 93-25. he receives rs 15,000 each at the end of 5th, 10th, 15th, & 20th year. In the 25th year, he receives a balance Rs. 40,000 + Bonus of rs. 1,10,000 at an estimated Rs. 44 per 1000 SA + Final Additional Bonus of Rs 10000. Totally, Mr yadav will receive Rs. 1,60,000. the above table will gives an insight for reinvestment.

In case Mr. Yadav dies during 12th year, his nominee will get Rs 1,52,800 (rs. 1,00,000 SA + Rs 52,800 Bonus). The survival benefit already paid during 5th and 10th year will not be deducted.

2. Mr. Yadav takes a Money back Policy for 20 years for rs. 1 lakh under table 75-20. He receives rs 20,000 each at the end of 5th, 10th, & 15th year. In the 20th year, he receives a balance Rs. 40,000 + Bonus of Rs. 78,000 at an estimated Rs. 39 per 1000 SA + Final Additional Bonus of Rs 7500.

In case Mr. Yadav dies during 12th year, his nominee will get Rs 1,46,800 (rs. 1,00,000 SA + Rs 46,800 Bonus @ an estimated 39 per 1000 SA). The survival benefit already paid during 5th and 10th year will not be deducted. The survival benefit already paid during 5th & 10th year will not be deducted

Click here to get more details about money back policies.

No related posts.

LIC Jeevan Surabhi Table-106 (15 Years) 107 (20 years) 108 (25 Years)

Adam — Fri, 25 Dec 2009 22:11:06 +0000

===Jeevan Surabhi Table-105 (15 Years) 107 (20 years) 108 (25 Years)===

W.e.f. 19-10-1992

This plan is suitable for professionals & Businessmen as money available periodically. One has to pay premium for 12 years only for a policy of 15 years. Similarly, One has to pay premium for 15 years only for a policy of 20 years and One has to pay premium for 18 years only for a policy of 25 years.

General Conditions:

Min. age at entry: 14 years.

max. age at entry: 55/50/45 years.

Min. S.A.: Rs. 50,000

Max. SA.: Any Amount.

SA in multiples: Rs. 5000

Max. Maturity age: 70 years.

Min Term: 15/20/25 years.

Max Term: 15/20/25 years.

Modes Allowed: All

Accident benefit per 1000 SA: Re. 1 extra.

Requirements in writing:

Age proof: Standard (NSAP-I (WR 5lacs)

Form Number: 300/340

Female lives category: I/II/III

Female lives category (sub. to medical reports): III up to 5 lacs

Dating Back @ 8%: Allowed

Non-Medical General: Allowed

Non-Medical Professional: Allowed

Non-Medical Special: Allowed

Risk Coverage: SA (depends on term) + Bonus basic SA.

Policy Servicing:

Term Rider Option: No.

Critical Illness Rider: No.

Policy Loan @9%: Yes.

Assignment: Yes.

Revival: Yes.

Surrender of Policy: Yes.

Survival Benefits: Yes.

Benefits:

Death Benefits:

1. Accrued bonus is paid if the policy holder dies before maturity.

2. This plan is not allowed for pregnant ladies and when occupation Extra is chargeable.

3. Once in every 5 years, by 50% of the Sum Assured risk cover increases.

4. From the death claim amount, already paid survival benefit will not be deducted.

5. If insurance is financed by parent’s income up to SA of 10 lakhs then this plan is ALLOWED to minor females.

6. Without undergoing special medical report or medical exam etc.. and without payment of extra premium Regular increase in Life Risk cover is available.

7. During premium paying term and only on basic SA accident benefit is provided.

The amount payable to nominee in case of death before maturity is as below:

POLICY TERM	15 Years	20 Years	25 Years
Prem Pyg Trm	12 Years	15 Years	18 Years
0 to 5 years	Only SA	Only SA	Only SA
6 to 10 years	1.5 times of SA	1.5 times of SA	1.5 times of SA
11 to 15 years	2 times of SA	2 times of SA	2 times of SA
16 to 20 years	-	2.5 times of SA	2.5 times of SA
21 to 25 years	-	-	3 times of SA

Survival Benefits.

The payment of premium ceases earlier to maturity is the special feature of this policy. Premium paying term and policy term can be seen from the below table column 1 & 2. Following Survival Benefits are paid at the end of specific durations provided policy was in force for full Sum Assured.

POLICY TERM	Prem Pay ing Term	Survival benefit for Rs. 1 lakh basic SA at the end of 4 Years 8 Years 12 Years 15 Years 18 Years
15 Years	12 years	30,000	30,000	40,000	-	-
20 Years	15 Years	25,000	25,000	25,000	25,000	-
25 Years	18 Years	20,000	20,000	20,000	20,000	20,000

The below re-investment table will give an idea of the total amount available at the end of the term, if survival benefits are re-invested at 9% interest compounded annually in banks/Company Deposits/Mutual funds/RBI Bonds etc..

Reinvestment Table for Plan 106-15, for 1 lakh SA.

Survival Benefit	4 Years	8 Years	12 Years	15 Years
I	30,000	42,347	59,777	77,413
II	-	30,000	42,347	54,841
III	-	-	40,000	51,801
Bonus @Rs 34 per 1000SA	-	-	-	51,000

Reinvestment Table for Plan 107-20, for 1 lakh SA.

Survival Benefit	4 Years	8 Years	12 Years	15 Years	20 Years
I	25,000	35,290	49,814	64,511	99,258
II	-	25,000	35,290	45,701	70,317
III	-	-	25,000	32,376	49,814
IV	-	-		25,000	38,466
Bonus @Rs 34 per 1000SA	-	-	-	-	82,000

Reinvestment Table for Plan 108-25, for 1 lakh SA.

Survival Benefit	4 Years	8 Years	12 Years	15 Years	18 Years	25 Years
I	20,000	28,232	39,851	51,609	66,835	1,22,176
II	-	20,000	28,232	36,561	47,347	86,553
III	-	-	20,000	25,901	33,542	61,316
IV	-	-		20,000	25,901	47,347
V	-	-	-	-	20,000	36,561
Bonus @Rs 34 per 1000SA	-	-	-	-	-	1,25,000

Note: For calculation purpose in above tables, the current Bonus Rates declared as at 31-03-2007 have been taken into consideration.

Example:

Mr. Angel takes a Jeevan Surabhi policy for 25 years for Rs. 1 lakh with PPT 18 years. After 4 years, he will receive Rs 20,000 and again in the 8th year rs 20,000. If Mr. Angel expires during the 10th year of the policy then his nominee will receive Rs. 2,00k,000 (Rs. 1,50,000 as claim and rs 50,000 as bonus at an estimated Rs. 50 per thousand p.a. for 10 years).

You can also check LIC Money Back Policy.

No related posts.

LIC New Bima Gold. Table-179

Adam — Mon, 14 Dec 2009 20:02:31 +0000

==========LIC New Bima Gold. Table-179==========

W.e.f. 04-09-2006

Requirements:

Minimum age at entry: 14 years completed.

Maximum age at entry: 57/51/45 years (nb)

Minimum Sum Assured: Rs. 50,000

Maximum Sum Assured: Any Amount.

SA is multiples: Rs. 5000

Term: 12/16/20 years.

Extended Term: 6/8/10 years.

Age at expiry of extended term: 75 years nbd:

Modes allowed: All except SP

Accident Benefit* per 1000 SA: Re 1 extra

*maximum of 50 lakh including in-built accident policies of LIC & other Insurance companies including existing policies under individual/group.

Underwriting:

Risk coverage: Basic SA

Female Lives category: I/II/III

Age proof: Std./NSAP-1/2/3.

Form No.: 300/340

Dating Back** @ 8% : Allowed

Non-medical general: Allowed

Non-medical prof. : Allowed

Non-medical special : Allowed

** Policy can be dated back even prior to introduction of the plan.

Servicing:

TRB/CIR: No.

Policy loan@ 9% : Yes.

Housing Loan: Yes

Revival: yes

Surrender of policy: Yes

Assignment: Yes

Grace period: Yes.

Survival Benefits: Yes.

Nomination: Yes.

SA Rebate per 1000

Upto 95,000 Nil

1 lac to 195000 5.0

2 lacs & above 7.5

===============

Mode rebate/extra*:

Yearly: 2%

Half Yly: 1%

Qly/SSS: Nil

*Mly: 5%

Loyalty Additions:

Loyalty addition (one time if any, will be payable only on maturity.

Auto Cover: Full death cover shall continue for a s period of 2 years from the date of first Unpaid Premium if atleast 2 full premiums have been paid, any subsequent premium be not duly paid.

Cooling Off Period: If not satisfied with the terms & conditions of the policy you can returned the policy to the corporation within 15 days.

Extended Terms:

This plan shall commence on the expiry of the policy term. It has the facility of an extended term which will be half of the policy term. For e.g., for 20 years term the extended term will be another 10 years. Hence., the total term will be 30 years. During this extended term, No premiums are payable.

Benefits:

This is a unique with profit Money Back Type plan. Life insurance cover si available during the term as well as during the extended term of the plan. Premiums are paid in installment if they are paid over the term of the plan. These will be paid at specified durations in case LA survives during the policy term.

1. Maturity benefits:

During the term of the policy, total amount of premiums paid, less survival benefits paid earlier + Loyalty addition, if any, will be paid. Extra/optional rider premiums paid, if any, will not be returned.

Accident benefits:

During the term of the policy, if opted and if the L.A. dies in an accident, Accident benefit SA + Basic SA will be paid. It is not applicable in extended term but it is available only during the policy term.

2. Death benefits:

During the extended term, 50% of the basic SA will be paid, provided all premiums under the policy have been paid. During policy term, basic SA will be paid to the nominee.

3. Survival Benefits:

In case LA survives till the end of specified durations the benefits shall be payable as per the following chart:

Policy Term	% of Sapayable at the end of policy year
Policy Term	4th	8th	12th	16th
12	15%	15%	-	-
16	15%	15%	15%	-
20	10%	10%	10%	10%

.
Examples:

Mr. Abby aged 35 years takes a 20 years policy for 2 lakh SA. He also opts for Accident Benefits Rider of Rs 2 lacs. He pays a yearly premium of rs 8020.

On Maturity, (at the end of the policy year), he will get Rs. 76,400 (total premiums paid for 20 years i.e. 8020 X 20 = 160400 minus AB Rider premium of Rs. 4000 less 80000 Survival Benefit already paid) + Loyalty additions if any:

If Mr. Abby dies during 17th Policy year:

1. In case of natural death, his nominee would get Rs. 2 Lakh SA .

2. In case of accidental death, his nominee would get Rs. 4 lakh.

In both cases of 1 and 2, the above benefits will be in addition to the total survival benefits of Rs 80000 already paid at the end of 4th, 8th, 12th, & 16th policy year. Hence, Total amount received on this policy will be Rs. 2 lakhs + 80000 = 280000. In case of accidental death, it will be Rs 400000 + 80000 = 480000.

If Mr. Abby is dead during the extended term of 10 years either due to natural/accidental death, his nominee will get Rs 1 lakh SA (i.e. 50% less of Basic SA). This is apart from Survival Benefit & maturity Benefits received earlier.

Loyalty addition is applicable only for Maturity Benefit & not for death benefit.

On his survival, he’ll get survival benefits of Rs 20000 (10% of SA) each at the end of 4th, 8th, 12th, 7 16th year totaling to Rs. 80,000.

LIC Jeevan Bharti- 1. Table-192 India General policy conditions Min. age at entry Max. age at entry Max. maturity age Terms Allowed Min. S.A Max. S.A...
LIC Jeevan Varsha Life Insurance General policy condition Min. age at entry Max .age at entry: For 9 yrs Term For 12 yrs Term Max....
LIC Jeevan Tarang. Table 178 ==========Jeevan Tarang. Table 178========== W.e.f. 17-03-2006 …………….General Policy Condition……………. Min. age at entry 0 yrs (NBD) Max. age at entry...

LIC Jeevan Varsha Life Insurance

Adam — Sun, 25 Oct 2009 18:17:59 +0000

General policy condition

Min. age at entry

Max .age at entry:

For 9 yrs Term

For 12 yrs Term

Max. maturity age

Terms Allowed

PPT

Min. S.A.

Min. S.A. for

ECS MLY made

Max. S.A.

S.A. in multiples of

Modes

15 yrs. Compl.

66 yrs. nbd

63 yrs. nbd

75 yrs. nbd

9 & 12 yrs.

Rs.50,000

Rs.75,000

NO limit.

Rs.5,000

YLY/HLY/QLY/MLY-ECS

This is a close ended money Back plan with 9 & 12 years policy term. For both policy Terms of 9 &12, the PPT will be 9 years only i.e. one has to pay premium only for 9 yrs. The Survival Benefit will be paid at the end of 3^rd, 6th, 9th & 12^th year along with G.A.+ L.A. if any, (as shown in the below table).

Death Benefit:

1) Death during the policy term excluding last policy year: S.A. + Accrued G.A.

2) Death during the last policy year: SA. + G.A. + L.A. if any.

Paid-up Value: If after at least 3 full years premium have been paid and any subsequent premium not duly paid, policy shall subsist as a paid-up policy for a reduced sum.

Gtd. Surrender Value: Available after the expiry of 3 policy year provided the premiums have been paid for at least 3 years. The guaranteed surrender value will be 30 percent of the total amount of the premium paid excluding the premium for the first year, all extra premiums that may been paid and the amount of survival benefit paid earlier.

Special Surrender Value: The SSV will be discounted value of the paid-up value.

EXAMLE: Mr. Rice aged 30 years takes a Jeevan Varsha policy for Rs.5Lakh S.A. for 12 year policy term (PPT 9 years). He pays yearly premium for Rs.78, 497. Here, he receives Rs.50, 000, 1Lakh, 1, 50,000 each at the end of 3^rd, 6^th, & 9^th year respectively. On maturity in the 12^th year, he receives balance of Rs.2Lakhs + G.A. of Rs.4,20,000 @ Rs.70 per thousand S.A. i.e.6,20,000+Loyalty Addition, if any, Totally he will receive 9,20,000+L.A.if any.

In case, Mr., Rice dies at the end of 7^th policy year his nominee will get Rs.5LAkh S.A.+Rs.2,45,000 as Guaranteed Addition for 7 years @ Rs.70 pre 10000p.a. i.e. Rs.7,45,000.

The survival benefit of Rs.50, 000 & 1Lakh paid during 3^rd & 6^th year will not be deducted from the claim amount. No Loyalty Addition will be paid.

In case, Mr. Rice dies during the last policy year his nominee will get 5Lakh S.A.+4,20,000 G.A.+L.A. if any. The survival benefit of Rs.3Lakhs (50,000+1Lakh+1, 50,000) paid earlier will not be deducted from claim amount.

LIC Amulya Jeevan. Life Insurance India Table 190 General police condition Min. age at entry Max. age at entry Max. Maturity Age Minimum Term Maximum Term Modes allowed...
LIC Jeevan Bharti- 1. Table-192 India General policy conditions Min. age at entry Max. age at entry Max. maturity age Terms Allowed Min. S.A Max. S.A...
LIC Child Fortune Plus Table 194 India This Unit Linked plan is allowed to PARENTS who have a CHILD aged between 0 to 7 years ibd to...

LIC Jeevan Bharti- 1. Table-192 India

Adam — Sun, 25 Oct 2009 18:09:21 +0000

General policy conditions

Min. age at entry

Max. age at entry

Max. maturity age

Terms Allowed

Min. S.A

Max. S.A

S.A in multiples of

Modes Allowed

Accident Benefit

Per 1000 S.A

18 yrs. Compl.

55 yrs. Nbd

70 yrs nbd

15&20 yrs.

Rs.50,000

Rs.25 Lac

Rs.500

YLY/SSS only

No rebate

Rs.1 extra

This plan is exclusively for Women encouraging them to save for SAFETY & SECURITY. This is like a Money back plan with 15&20 years term where 20% of the S.A. is paid at the end of every 5 tears and on maturity, the balance S.A will be paid along with Reversionary Bonus and FBA if any. Apart from the above, one can opt for ABR, CIR & CDB Rider also.

Death Benefit: An amount equal to S.A under the basic plan along with Reversionary Bonuses & Final Addition Bonus if any will be payable. Survival Benefit already paid if any is not deducted.

SPECIAL FEATURES :

1: Encashment of Survival Benefits: This can be encashed on or after the due dates but before maturity. If retained with LIC, interest at 4%p.a compounded yearly will be paid to start with. This option can be exercised 6 months before the due date of Survival Benefit.

2: Flexibility to pay premiums in advance: If next yearly premium (max. of 3 installments) is paid in advance a rebate of 5%p.a is available. This is also applicable for CIR, CDB, & ABR Rider premiums.

3: Option maturity benefit in the from of annuity to receive: this option can be exercised 6 months before maturity, to receive the maturity proceeds including bonuses in the from of an annuity.

4: Auto Cover: If 2 year premium have been paid, full death cover is available for a period of 3 year. from the date of first unpaid premium. If the death of the L.A during the Auto Cover period, then Death Benefit after deducting unpaid premiums, with interest will be payable along with vested bonuses plus FAB if any. Claims under CIR, CDB,&ABR not admissible during Auto Cover period.

5: Paid-up Value: If after at least 3 full years premium have been paid in respect of this policy, and any subsequent premium be not duly paid, this police shall not be wholly void after the expiry of three years Auto Cover period from the due date of First Unpaid premium, but shall subsist as a paid-up police for a reduced sum.

6: Gtd. Surrender Value: Eligible after the expiry of 3 police years provided the premium have been paid for at least 3 full years. The guaranteed surrender value will be 30 percent of the total amount of the premium paid excluding the premium for the first year, any premium paid towards riders, all extra premium that may have been paid and the amount of survival benefits paid earlier.

7: Special Surrender Value: will be payable if it is more favourable to the policyholder. The SSV will be discounted value of the paid-up value.

This plan offers following 3 optional Riders by payment of additional premium:

Accident Benefit Rider _- ABR
Critical illness Rider _ CIR
Congenital Disability Benefit Rider – CDB

A) Accident Benefit Rider (ABR): On Accident Death of the policyholder during the term of the police a sum equal to the Accident Benefit S.A. will become payable provided the AB cover is opted for and is in force.

B) Critical illness Benefit Rider (CIR): If opted, an amount equal to CIR S.A will be payable in case of diagnosis of defined categories of Critical illness. PWB option under CIR allowed.

C) Congenital Disability Benefit (CDB) Rider: an amount equal to 50% of the CDB Rider S.A will be payable if the life Assured given birth to a child with any of the specified Congenital Disabilities. This benefit is payable for a max. of 2 such congenitally disabled children. This benefit shall be payable only two times during the term of the rider. Premium for CDB Rider will be rs.2.50 per 1000 CDB S.A. p.a. irrespective of Age & Term.

The 6 Congenital Disabilities Covered are:

1) Spina Bifida , Down’s Syndrome, Tetra logy of Fallot, Oesophageal Atresia and/or Tracheo oesophageal Fistula, Anul Atresia, imperforate anus , Cleft palate with or without Claft LIP.

D) Waiting Period: A Waiting period of one year will apply from the date of commencement of risk or revival of the police to the birth of a congenitally disable child. That is, no claim is payable on birth of a child with congenital disabilities during a period of one year from the date of commencement of risk or revival.

E) CDB: Rider will not be available to females who have child/children with congenital disability/disabilities. No separate underwriting for CDB.

Eligibility conditions

Min. age at entry

Max. age at entry

Max. maturity age

Max. Ben. Ceasing age

Policy Term

LIC Amulya Jeevan. Life Insurance India Table 190 General police condition Min. age at entry Max. age at entry Max. Maturity Age Minimum Term Maximum Term Modes allowed...