Date of Launch 23-01-2012 UIN 512N267V01

Jeevan Ankur is the LIC Children plan. Plan allowed to parents who have child aged up to 17 years. Risk cover for parent and child is nominee.

Benefits:

A) Death Benefit:

1. On death of life assured:  Basic Sum Assured on Death + Income Benefit of 10% of basic sum assured payable each year till maturity + basic sum assured & loyalty addition on maturity – All Benefits payable to Nominee Child / Appointee.
2. On death of child when life assured is alive : Life assured has option to appoint another child / person as nominee with all policy benefits payable to the new nominee in case of death of life assured.
3. On the death of nominee after death of life assured: Policy will continue with all benefits payable to the legal heirs of life assured

B) Maturity Benefit:

1. Basic Sum Assured + Loyalty Additions
2. Accident Benefit / Critical Illness Rider / PWB for critical Illness Rider can be opted
3. No loan or assignment allowed

LicIndia Jeevan Ankur Eligibility Conditions and Features:

For Basic Plan:

1. Minimum age at entry for life assured: 18 years (completed)
2. Maximum age at entry for life assured: 50 years (nearest birthday)
3. Minimum age at entry for Child: 0 years (last birthday)
4. Maximum age at entry for child: 17 years (last birthday)
5. Minimum Term: Higher of (18- age of child, years
6. Maximum Term:  (25 – age of child) years.
7. Minimum Basic Sum assured:  Rs 100000
8. Maximum Basic Sum assured: no limit

• The basic sum assured shall be in multiples of Rs 5000.
• Age at entry for the policy holder is to be taken as age nearest birthday except for the minimum age at entry i.e. 18 years.

For Accident Benefit Rider:

1. Minimum Entry Age : 18 years (completed)
2. Maximum Entry Age : 50 years (nearest Birthday)
3. Maximum Maturity Age: 70 years (nearest Birthday)
4. Minimum Accident Benefit Sum Assured: Rs 25000
5. Maximum Accident Benefit Sum Assured: An Amount equal to the basic Sum Assured subject to the maximum of Rs 50 lakh overall limit.

The accident benefit Sum Assured shall be in multiples of Rs 5000

For Critical Illness Rider:

1. Minimum Entry Age: 18 years (completed)
2. Maximum Entry Age : 50 years (nearest Birthday)
3. Minimum Policy Term: 10 years for Regular Premium & 8 years for single premium
4. Maximum Maturity Age: 60 years (nearest Birthday)
5. Minimum Critical Illness Rider Sum Assured: Rs 50000
6. Maximum Critical Illness Rider Sum Assured: An amount equal to the Basic Sum Assured subject to the maximum of Rs 5 lakhs overall limit taking all critical illness riders under all existing policies of the life assured and the critical illness rider option under the new proposal into consideration.

The critical illness rider sum assured shall be in multiples of Rs 10000

Mode of Premium Payment:

•  Single Premium / Yearly / Half Yearly / Quaterly / SSS/ Monthly ECS.

Lic Jeevan Ankur Rebates:

• Mode Rebate: Rebates are available at the following rates
• Yearly Mode: 2% of tabular premium
• Half Yearly mode: 1% of tabular premium
• Quarterly and SSS mode : NIL

LicJeevanAnkur High Sum Assured Rebate:

Jeevan Ankur Single premium Sum Assured Rebate (Rs):

1. 100000 to 195000 :     NIL
2. 200000 to 495000 :    4% SA
3. 500000 to above :        6% SA

JeevanAnkur Regular Premium Sum Assured Rebate (Rs)

1. 100000 to 195000 :   NIL
2. 200000 to 495000 :  2% SA
3. 500000 to above :      3% SA

Jivan Ankur Policy Term 1st year, 2nd and 3rd year subsequently years.

1. 8 to 9 years 10%,  5%,  5%
2. 10 to 14 years 20%,  7.5%,  5%
3. 15 years and above 25%,  7.5%,  5%

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Lic Table 808

• Open for sale for the maximum period of 120 days.
• Death Benefits: 5 times of single premium paid excluding extra premium
• Maturity benefit: Guarantee maturity SA + Loyalty addition
• Minimum Age:    8 years
• Maximum Age :  50 years
• Minimum SA :      1.50 lacs
• Maximum SA :     No Limits
• Minimum Premium :  Rs 30000. Thereafter in multiples of Rs 1000
• Lic Loan:  Available after completion of one policy year @ 10.25% p.a.
• Surrender: Permitted after completion of one policy year minimum 90% of single premium paid
• Service Tax:  Payable by the policy holder as per rule
• Age Proof:  acceptable all
• Female Category:  All
• SUC:  4 times of single premium paid

JivanVriddhi Incentive for higher Lic premium:

Note:

1. Free Risk Cover of 5 times of Base Premium.  
2. On Death:  Sum Assured is payable whereas in Bank FD only accumulated value paid with deduction of TDS
3. Easy Liquidity:  Loan / Surrender after 1 year
4. Loan @ 10.25 as against > 14% in the banks.

Visit LIC INDIA for more details.

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• Before you can make lic online payment, you’d have to register directly on the LIC official website along with your bond number or policy number.  If you’re a first time user of lic online, then you’ve to register on Lic online payment site. Here is the direct link:http://www.licindia.in/NewUserRegistration.htm
  
• If you’re already registered for making lic india online payment, then login through the below link and make the lic payment.https://customer.onlinelic.in/epslogin.htm
  
• Lic online payment site is a secured website having “HTTPS” security.

How to check lic policy status?

Simply follow the above steps for lic online payment. And, you can check your lic policy status. You can check your premium payment date, maturity date, policy starting date, etc…

Check more details on LicIndia

For New Lic insurance or Lic policy contact our LIC Agent on 
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• LIC life insurance protection under group insurance policies to various groups such as employer-employees, professionals, co-operatives, weaker sections of society, etc. The slogan of LIC is “Yogakshemam Vahamyaham” – Your welfare is our responsibility.
• Life Insurance corporation of India provides insurance coverage to people at subsidized rates under Social Security Group Schemes. Besides Providing insurance coverage, life insurance corporation of India (licindia.in) also offers group schemes to employees, which provide funding of gratuity, pension liabilities and leave encashment liabilities of the employers.

Lic Group Term Insurance Schemes:

• Employer-Employees groups is offered group life insurance schemes providing either uniform or graded cover.
• Group Insurance Schemes providing uniform cover will be granted to associations of professionals, members of cooperative banks, welfare funds, credit societies and weaker sections of society.

Group Insurance Scheme in lieu of EDLI:

• The employees’ Deposit Linked Insurance Scheme is application to all establishment and undertaking contributing to Employees Provident Fund under EPF and MP Act, 1952 with effect from 01.08.1976, unless exempted under section 17 (2A), of the act.
• The schemes provides for an insurance cover to an employees, which is linked to his balance in the PF Account, subjected to a maximum of  Rs 60000. Under LIC’s scheme, which is granted in lieu of the EDLI, the insurance cover starts from Rs 5000 and depends on the service put in by the employees and the current monthly salary on each annual renewal date. The cover provided will be at least Rs 2000 more than the cover given under the EDLI scheme.
• Few advantages of the LIC scheme (licindia.in) are higher cover, lower premium (depending on average age), cover not linked to balance in PF account, simple administrative procedures, easy claims settlement process etc.

Group Gratuity Schemes:

• Gratuity is a statutory liability of the employers.
• This is an incremental liability which accrues to an employee for every year of service put in by him.
• In the group gratuity scheme granted by LIC, in the event of premature death of the member, the dependent can get an amount which will be equal to the gratuity payable on the normal retirement of the member, had he survived up to the date of superannuation.
• Apart from the above the advantage of LIC’s group gratuity schemes are free valuation of the liability, guidance in drafting Trust deed and rules of the scheme, security for the fund, attractive return, lower premium for the insurance, optional critical illness rider benefit against major diseases, periodical information about the status of fund, simple administrative and claim settlement procedures, tax concessions, etc.

LicIndia Group Superannuation Scheme:

• The Group Superannuation scheme is designed to provide pension to the employees/beneficiaries on the exit of the member from the service.
• A decreasing group insurance cover in conjunction with the superannuation benefit can also be provided to supplement the lower accumulation  in the event of premature death of the member.
• The scheme is of  two types:

1. Money Purchase Scheme.
2. Benefits Purchase scheme.

• Pension which is linked to the Dearness  Allowance will also be granted.
• The LIC Group (Licindia.in) Superannuation Scheme out are easy to install and provides best service, free valuation of the liability, attractive returns, safety of funds, simple administrative procedures, periodical statement on the fund position, tax, concession, etc.
• LIC offers a wide range of benefits options to cater to the needs of the different beneficiaries.

Group Savings Linked insurance Scheme (GSLI):

• The scheme offers insurance cover with an element of thrift. This scheme is granted to Employer-Employee groups.
• Under the scheme out of the contribution received in respect of each member of scheme a portion is utilized towards the insurance cover; the balance is accumulated till the exit.
• In the event of premature death of the member, the amount held in his account together with accumulated interest and insured amount is payable.
• The scheme provides an attractive rate of interest on the savings and lower premium for insurance granted, tax concessions, etc.

Group Annuity Scheme:

• Employers who have a privately administered superannuation fund, where money are invested by the trusties as per income tax rules can purchase pension for employees as and when it is due under group annuity policies from LIC.
• LIC (licindia.in) offers wide range of benefits options combined with good rate of return on the investment.

Group Leave Encashment Scheme (GLES):

• According 5to the accounting standard (AS15) of  January, 1995 and amended section 209 (3) of the companies act 1956. It has become necessary for employers to provide for the liberty of the leave encashment facility available to employees in the annual book of accounts.
• The group leave encashment scheme (GLES) is designed to fund such liberties of the employers.
• The scheme offers free valuation of the liberty, attractive returns and best service combined with insurance cover which may either be uniform or graded.

Group critical Illness Rider benefits:

• This offer to employers-employees groups as an accelerated benefits granted together with group insurance scheme.
• This benefits provides coverage against 8 major diseases with maximum of hundred person acceleration.
• The maximum cover granted is Rs. 20,00,000. The benefit is payable at its first instance, mere diagnosis of the illness is sufficient to get the benefits.

Group Mortgage Redemption Assurance Schemes LIC:

• This scheme covers the borrowers of housing vehicle loans from financial institutions where the loan are recovered in EMI.
• Insurance covered allowed to borrowers up to the out standing loan excluding the EMI interest, subject to the conditions applicable to scheme. single premium is payable for the entire term of loan at one go.

LicIndia Group insurance scheme for deposit holders of banks:

This scheme covers account deposit holders of a bank. The cover allows is Rs 1 lac per member with / without double accident benefit.

Lic India Unit Linked Gratuity Plus:

With effect from June, 2006, LIC (licindia.in) has brought out a Unit Linked group gratuity plan, called gratuity plus for management of Gratuity fund. It is a market linked plan, which offers great flexibility and transparency.

Lic of India Group Superannuation Plus Plan:

• Group Superannuation plus plan is introduced by LIC (licindia.in) in May, 2009.
• This is a unit linked defined contribution plan for management of superannuation funds.
• The policy holder (licindia.in) has the choice of investing the member vise allocated contribution in any one of the four fund types i.e. Bond Fund, Income Fund, Balanced Fund and Growth Fund.
• Returns under this plan are market linked and flexibility of contributions, Top-up additional contributions, low fund management charges and expenses are the salient features of this plan.

life insurance corporation of India

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It’s time to cheers for all the customers, employees of LIC (Life Insurance Corporation of India), its subsidiaries and group companies  because LIC of India(India’s No. 1 insurance service provider) and Axis Bank (India’s third largest private sector Bank) has come in collaboration to provide Value added LIC Credit card services.

LIC Cards services limited (  Lic India D. K. Mehrotra, Current-in-Charge-Chairman of LIC of India) has announced their partnership with Axis Bank (Ms. Shikha Sharma, MD & CEO of Axis Bank) on June 21st, 2011 and received the first LIC Visa Signature Credit Card powered by Axis Bank by Ms. Shikha Sharma. Other Executives that were present at this function are S. C. Singh – Director & Chief Executive, LIC India Cards Services Limited and Jairam Sridharan – Head-Consumer Lending & Payments, Axis Bank.

Issuance of LIC Credit cards:

LIC Credit Card Eligibility:

1. Age criteria : Primary card holder
2. Minimum Age: 18 years
3. Maximum Age: 60 years
4. Add-on* card holder
5. Minimum Age: 15 years
6. No maximum age prescribed

*(Maximum of 4 add-ons can be issued to a primary card)

Residential Status: Credit card to be issued only to the following persons

• Individuals resident in India.
• Eligible Segment: Following segments are eligible.

1. LIC Employees
2. LIC Agents
3. LIC policy holders (not life assured)

• Serviceable Pin Code Location:  Residence should be in serviceable pin code location

Documents:

1.  Income and KYC documents to be given as specified.
2. For existing Axis bank customers liability / loan account number to be mentioned in application form.
3. All documents should be self-attested by the applicant.
4. Photocopies of Income and KYC documents to be verified as per guidelines issued (i.e. Document verification by authorized LICCSL Sales Personnel).

Contact Information:

COMPUTATION OF ANNUAL INCOME:

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Jivan Arogya Special Attractions: LIC Mediclaim

1. An attractive non-linked BENEFIT plan offering Health cover up to age 80 years and life cover and Accidental Benefit up to age 60 years.
2. Single policy for self (Principal Insured-PI) & entire family including parents and Parents in law.
3. Health Benefit for ALL SURGERIES (except specifically excluded)
4. Benefit can be availed along with Mediclaim for same Hospitalization/Surgery, without any link to actual expenses incurred.
5. No claim Benefit, unlimited granted every 3 years.
6. Premium waiver benefit, one premium following Surgery under category I and II

Lic Jeevan Aarogya : Applicable Benefits: (LIC Health Insurance / Lic Mediclaim)

• Lic JeevanArogya (LIC MEDICLAIM POLICY) Hospitalization Cash Benefit (HCB) up to 720 days (inclusive of 360 days ICU benefit). Available options Rs 1000, 2000, 3000, 4000, (increase arithmetically@5% p.a. up to 50%). 1st year 30 days. 2nd year and onward 90 days p.a. ICU Benefit @ HCB X 2 (1st year 15 days – 2nd year and onward 45 days p.a.).
• LIC Jeevan Aarogya Major Surgical Benefit (MSB) up to 800 times of HCB for 140 surgeries (100 times p.a.)
• Day Care procedure Benefit (DCPB) (Table no. 903) up to 24 procedures for 140 daycare procedures @ HCB X 5/procedure (3 procedures p.a.)
• Other Surgical Benefits (OSB) for all other surgeries up to 360 days @ HCB X2/day (1st year 15 days – 2nd year and onward 45 days p.a.)
• Quick Cash Facility – Advance of 50% cost of MSB for 50 Surgeries under Network Hospitals
• Ambulance charges – Reimbursement of Rs 1000 for 50 surgeries.

Jeevan Arogya Plan Features (LIC Health Insurance / Lic Mediclaim)

• Eligible Age – PI and Spouse: 18 to 65
• Dependent parents: 18 to 75
• Children: 3 months to 17 years
• Mode of Premium: Yearly, Qtly, Hly, and ECS (Mtly)
• Rebate for Yly and Hly and High HCB
• Automatic increase in HCB by 5% every year up to 50% of the Initial HCB.
• Major Surgical Benefit for 140 listed Surgical Procedures.
• MSB is equal to 100 times of HCB
• Automatic increase in MSB by 5% of Initial MSB every year up to 50% of the initial MSB
• Maximum 8 times of MSB through out policy Term (1 MSB per annum)
• Up to 80 years of age for other than children – For children up to 25 years of age.
• Day care Procedure Benefit for 140 day care procedures. 5 times of applicable Daily Cash Benefits (ADB). 3 times in a year and 24 times in the policy full term.
• Other Surgical Benefit- For any surgery not covered under MSB. 2 times of applicable Daily Cash Benefit – 45 days in a year 360 days in the policy full term (15 days – first year)
• Quick Cash Facility- This is the facility available for all insured, where instant cash can be pad as an advance up to 50% of eligible MSB surgeries of category 1 & 2.
• Ambulance charges – for surgeries eligible for MSB listed under category 1 and 2. Benefit @Rs 1000 per insured per policy year.
• Premium Waiver Benefit – for surgeries eligible for MSB listed under category 1 & 2. One year premium will be waived.
• Term Assurance Rider- Death Benefit MSB is covered under this policy by payment of additional premium.
• Accidental Benefit Rider-Accidental Death Benefit up to initial MSB is available by payment of additional premium.
• No Claim Benefit – If there is no claim from any insured between two Automatic Renewal date (ARD) 5% of IDB will be added to the ADB from nest ARD for all insured.

For more details, visit www.Lic

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The name of this plan is still not decided yet. It can be LIC Samriddhi Plus Table number 804.

• Age Entry: 8 to 65 years.
• Policy Term :  10 Years.
• Premium paying Term : 5 years (on yearly basis) or Single mode
• Minimum premium : 15000 yearly  |  8000 half yearly  |  4000 quaterly
• ECS  : 1500 per month
• Single Premium : Minimum 30,000 Rs. |  Maximum No limit

SamruddhiPlus Risk Cover :

• Lic Samruddhi Plus 10 times for yearly or Half Yearly  premium  (if age is under 45 years)

1. 7 times for yearly or Half Yearly  premium  (if age is above 45 years)
2. 1.25% for Single Mode (if age is under 45 years)
3. 1.10% for Single Mode  (if age is above 45 years)

• Allocation Charges  :  Single (3.3%)  |  Regular (6%)
• Policy Administration charges :

1. Rs 30 first year
2. Rs 9 for subsequent years. (Lic SamruddhiPlus )

• Minimum Maturity Age term  :  18 years
• Maximum Maturity Age term :  75 years

Highest NAV Guaranteed in first 100 month (8 years 4 month)

Lic Table 804 Benefits:

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Open your happiness account with Lic Non Linked variable life insurance plan:

• Guaranteed return = minimum 6% per annum
• Lockin Period = 3 years
• Entry age = 11 – 50 years
• Policy Term = 5 – 7 years
• Premium range = 7000 – 14000 yearly.
• Risk Cover = 10 – 20 times annualized premium.
• No medical examination.
• Loan available after 1st year itself.
• Income Tax benefit as per prevalent laws.
• Mode : Qtly/Hly/yrly/ ECS

Note:

1. If paying 7000 rs premium yearly then half yearly will be 4000 Rs and quarterly will be 2000 rs and ECS will be 600 Rs per month.
2. If paying 14000 rs premium yearly then half yearly will be 7000 Rs and quarterly will be 3500 rs and ECS will be 1250 Rs per month.

For New Lic insurance or Lic policy contact our LIC Agent on 
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• LICIndia branches are every where in India. The major cities where LICofIndia operates are Agra, Ahmedabad, Amritsar, Bangalore, Bangalore-II, Bhubaneshwar, Bhopal, Chandigarh, Chennai, Cuttack, Delhi, Goa, Guwahati, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jamshedpur, Kanpur, Kolkata, Lucknow, Ludhiana, Madurai, Mumbai, Mangalore, Nagpur, Patna, Pune, Raipur, Trivendrum, Vijaywada, Vishakhapatnam .

LicIndia Customer care number: 1251.

• The above LIC customer care number can only be dialed through MTNL or BSNL landline. However, we have found that you can also dial it from a Billing mobile number. You can also try dialing lic customer care from your prepaid mobile by prefixing your STD code followed by 1251.

To know Policy details through IVRS, simply dial 1251 available 24×7 in the following cities

1. To know LIC policy status through sms, click here.
2. To know LIC Office addresses, click here.
3. To know LIC Phone Numbers, click here.
4. To know LIC policy Status, click here.

More details on LicOfIndia

For New Lic insurance or Lic policy contact our LIC Agent on 
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Related posts:

1. LIC Housing Finance LICHFL Care Homes Ltd. LICHFL (LIC Housing Finance Ltd.) CARE HOMES LTD., A fully owned subsidiary of LIC housing Finance Ltd. has pioneered corporatised...

• Business of insurance policy pertains to the protection of the monetary values of belongings. Each and every asset has a value. The asset would have been created through the efforts of the owner. The asset is valuable into the owner, due to the fact he expects for getting some benefits from it. It is a gain because it meets some of his needs. The gain may be an income or in some other make. In the case of a manufacturing facility or a cow, the product formed by it is sold and wages is formed. In the case of a motor car, it offers comfort and ease in transit. There is no direct salary. Both of them are belongings and supply rewards.
• Each and every asset is predicted to last for a certain period of time during which it will provide the advantages. After that, the benefit might not be accessible. There is a life-time for a device in a manufacturing facility or a cow or a motor car. None of them will last for ever. The owner is aware of this and he can so manage his affairs that by the end of that period or life-time, a alternative is made accessible. Thus, he makes sure that the profit is not lost. Nonetheless, the asset may get lost previous. An misfortune or some other unfortunate event may ruin it or make it incapable of giving the benefits and advantages. A virulent disease may kill the cow all of a sudden. In that case, the owner and those delighting the advantages therefrom, would be deprived of the rewards. The planned alternative do not have been prepared. There is an bad or disagreeable position. Insurance cover is a system that helps to cut down the outcome of such bad circumstances. It assurances to pay into the owner or beneficiary of the asset, a certain sum if the damage happens.

Go back to LIC

For New Lic insurance or Lic policy contact our LIC Agent on 
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