Jeevan Anand Free Presentation - Term 20 years Sum Assured 5 lacs

JEEVAN ANAND

Proposer: Mr. X

Age: 25

Policy Amount: Rs. 5,00,000

Policy Term: 20 years.

 

Features:

Jeevan Anand is one of the most successful products of LIC of India.  The policy is in force during the entire life period of the policy holder. 

• Event after the premium paying term is over the risk cover continues to the entire life period of the policy holder.
• Accident benefit is available up to age 70.

Maturity Benefits:

• On maturity time, the Sum Assured (Rs.5,00,000 /-) + Bonus will be paid to the policy holder.

Death Benefits:

• If the policy holder dies during the premium paying term then the Sum Assured + Bonus accrued will be payable to the nominee.

• If the policy holder dies during the premium paying term due to accident then the double the Sum Assured + Bonus accrued will be payable to the nominee.

• If the policy holder dies before the age of 70 then the Sum Assured will be payable to the nominee.

• If the policy holder dies before the age of 70 due to accident then double the Sum Assured will be payable to the nominee.

• If the policy holder dies after the age of 70 then the Sum Assured will be payable to the nominee.

Premium Amounts:

Payment Mode	Premium
Quarterly	Rs.6,887 /-
Half-yearly	Rs.13,563 /-
Yearly	Rs.26,701 /-

What you pay for 20 years		What you get after 20 years
Mode	Amount	Rs.5,00,000 + Rs. 4,50,000 Bonus (Estimated @ Rs.45 per thousand SA for 20 years)
Yearly	Rs. 5,34,020
Half-Yearly	Rs. 5,42,520
Quarterly	Rs. 5,50,960

Policy holder can also avail the Tax Benefits and the Double Accident Benefits from this policy.

LIC Komal Jeevan Explanation with Example - 2

Komal Jeevan

Proposer         : Mr. X                Age: 32 Years

Policy Holder : Mr.Y              Age: 0 Year.

Policy Amount: Rs.2,00,000/-

Policy Term: 18 yrs.

Premium Amounts:

Payment Mode	Premium
Yearly	Rs.15044 /-
Half Yearly	Rs.7602/-
Quarterly	Rs.3840 /-

Features:

This is an excellent children money back policy with Guaranteed Addition that is highly useful for the higher education of the children balancing the inflation level.

• The premium amount has to be paid only up to the 18^th age of the child.
• Guaranteed Addition is provided at the rate of Rs.75/- per thousand Sum Assured.
• Full Sum Assured is returned in regular intervals after the 18^th age of the child so that it can be useful for the child’s higher education.

Maturity Benefits:

At the end of Age	18	20	22	24	26
Returns	Rs.40,000/-	Rs.40,000/-	Rs.60,000/-	Rs.60,000/-	Rs.3,90,000/- +  LA, if any (GA+LA, if any)

                                               

What is paid for 18 years		What your child gets
Yearly	Rs.2,70,792/- - T.B for 18 years	SA – 2,00,000 (On Regular Returns)+ GA – 3,90,000 (@ Rs. 75 per 1000 SA for 26 years.)+ LA, if any = Rs.5,90,000 + LA, if any.
Half Yearly	Rs.2,73,672/- - T.B for 18 years
Quarterly	Rs.2,76,480/- - T.B for 18 years

                                                                  

T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.

L.A – Loyalty Addition: Based on the experience of LIC this amount will be given.

G.A – Guaranteed Addition: This amount will be given definitely by LIC.          

Policy Holder will also be provided Premium Waiver Benefit + Term Rider Benefit in the given premium amount.

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Jeevan Kishore - Sample Presentation with Example

Jeevan Kishore

Proposer         : Mr. X                Age: 32 Years

Policy Holder : Mr. Y              Age: 0 Year.

Policy Amount: Rs.2,00,000/-

Policy Term: 20 yrs.

Premium Amounts:

Payment Mode	Premium
Yearly	Rs.9556 /-
Half Yearly	Rs.4858 /-
Quarterly	Rs.2469 /-

Maturity Benefits:

            On maturity of the policy the Sum Assured (Rs.2,00,000 /-) + Bonus + FAB, if any will be paid to the policy holder.

                                  

What is paid for 20 years		What your child gets
Yearly	Rs.1,91,120/- - T.B for 20 years	SA – 2,00,000 + Bonus – 1,68,000 ( estimated @ Rs.42  per 1000 SA for 26 years.)+  F.A.B, if any – Rs.44,000 (estimated @ Rs.220 per 1000 SA) = Rs.4,12,000.
Half Yearly	Rs.1,94,320/- - T.B for 20 years
Quarterly	Rs.1,97,520/- - T.B for 20 years

                                                                   

T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.

F.A.B – Final Additional Benefits.

Policy Holder will also be provided Premium Waiver Benefit in the given premium amount.

 

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Komal Jeevan - Example Presentation 1

Komal Jeevan

Proposer         : Mr.X        Age: 32 Years

Policy Holder : Mr. Y           Age: 0 Year.

Policy Amount: Rs.1,00,000/-

Policy Term: 18 yrs.

Premium Amounts:

Payment Mode	Premium
Yearly	Rs.7626 /-
Half Yearly	Rs.3852 /-
Quarterly	Rs.1946 /-

Features:

This is an excellent children money back policy with Guaranteed Addition that is highly useful for the higher education of the children balancing the inflation level.

• The premium amount has to be paid only up to the 18^th age of the child.
• Guaranteed Addition is provided at the rate of Rs.75/- per thousand Sum Assured.
• Full Sum Assured is returned in regular intervals after the 18^th age of the child so that it can be useful for the child’s higher education.

Maturity Benefits:

At the end of Age	18	20	22	24	26
Returns	Rs.20,000/-	Rs.20,000/-	Rs.30,000/-	Rs.30,000/-	Rs.1,95,000/- +  LA, if any (GA+LA, if any)

                                               

What is paid for 26 years		What your child gets
Yearly	Rs.1,37,268/- - T.B for 26 years	SA – 1,00,000 (On Regular Returns)+ GA – 1,95,000 (@ Rs. 75 per 1000 SA for 26 years.)+ LA, if any = Rs.2,95,000 + LA, if any.
Half Yearly	Rs.1,38,672/- - T.B for 26 years
Quarterly	Rs.1,40,112/- - T.B for 26 years

                                                                  

T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.

L.A – Loyalty Addition: Based on the experience of LIC this amount will be given.

G.A – Guaranteed Addition: This amount will be given definitely by LIC.          

                       

Policy Holder will also be provided Premium Waiver Benefit + Term Rider Benefit in the given premium amount.

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LIC Jeevan Anand explanation with example presentation

JEEVAN ANAND

Features:

Jeevan Anand is one of the most successful products of LIC of India.  The policy is in force during the entire life period of the policy holder. 

• Event after the premium paying term is over the risk cover continues to the entire life period of the policy holder.
• Accident benefit is available up to age 70.

Maturity Benefits:

• On maturity time, the Sum Assured (Rs.2,00,000 /-) + Bonus will be paid to the policy holder.

Death Benefits:

• If the policy holder dies during the premium paying term then the Sum Assured + Bonus accrued will be payable to the nominee.

• If the policy holder dies during the premium paying term due to accident then the double the Sum Assured + Bonus accrued will be payable to the nominee.

• If the policy holder dies before the age of 70 then the Sum Assured will be payable to the nominee.

• If the policy holder dies before the age of 70 due to accident then double the Sum Assured will be payable to the nominee.

• If the policy holder dies after the age of 70 then the Sum Assured will be payable to the nominee.

Premium Amounts:

Payment Mode	Premium
Quarterly	Rs.2,830 /-
Half-yearly	Rs.5,575 /-
Yearly	Rs.10,980 /-

What you pay for 20 years		What you get after 20 years
Mode	Amount	Rs.2,00,00 + Rs.1,80,000 Bonus (Estimated @ Rs.45 per thousand SA for 20 years)
Yearly	Rs.2,19,600
Half-Yearly	Rs.2,23,000
Quarterly	Rs.2,26,400

Policy holder can also avail the Tax Benefits and the Double Accident Benefits from this policy.

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Jeeval Saral Free Presentation

The following presentation gives the features, benefits for a person aged 30 years if he takes the LIC's JEEVAN SARAL policy.

 

JEEVAN SARAL

Proposer         : Mrs. X                                            Age: 30 years.

Nominee         : Mr. Y.                                            Age  34 years.

Term               : 20 years.

Policy Premium:  Rs. 1071 (Qly – Including Double Accident Benefit)

Key Features:

• This is a Premium based policy rather than sum assured based policy.  The premium amount can be chosen by the policy holder.
• Here the Maturity Sum Assured is calculated based on the premium paid. 
• This policy comes with the facility of unit linked policies. 
• Partial withdrawals are allowed after three years of payment.
• Auto Cover facility is provided after three years of payment.
• Attractive surrender value.

Maturity Benefits:

            In this case the maturity benefit will be 95,707 + Loyalty Addition, if any.

Death Benefits:

            250 times the monthly basic premium (Rs. 87500 /-) + return of the premiums paid (excluding the first year premium and extra rider or premium) + Loyalty Additions, if any.

Surrender values:

            80% of Maturity Sum Assured are paid if the premium has been paid for 3 – 4 years.

            90% of Maturity Sum Assured are paid if the premium has been paid for 4 – 5 years.

            100% of Maturity Sum Assured are paid if the premium has been paid for more than 5 years + Loyalty Additions, if any.

 

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LIC's JEEVAN CHHAYA Free presentation

Jeevan Chhaya

Proposer : Mr.X Age: 31 Years

Nominee : Mr. Y. Pranav Age: 2 Years.

Appointee : Mr. Z. Age: 36 Years.



Policy Amount: Rs.2,00,000/-



Policy Term: 18 yrs.



Premium Amounts:

Payment Mode Premium

Yearly Rs.12,197 /-

Half Yearly Rs.6,194 /-

Quarterly Rs.3,145 /-








Policy Features:

An excellent adult as well as children plan that can provide benefit for the whole family.



Maturity Benefits:

• 25% of the Policy Amount is given every year during the last 4 years of the maturity to the policyholder, if he is surviving.
• Policy loan and Housing loan can be taken during the premium paying term.

Death Benefits:

• The nominee can be your child and the appointee can be your spouse.
• In case of risk during the policy paying term the sum assured is given to the appointee and all the future premiums are waived off (no need to pay future premiums).
• The Premium Waiver Benefit is coming as a default in this policy.
• 25% of the Policy Amount is given every year during the last 4 years of the maturity to the nominee.

What is paid for 18 year?

Yearly Rs. 2,19,546/- 
Half Yearly Rs. 2,22,984/-
Quarterly Rs. 2,26,440/-

What’s your benefit:
SA – 2,00,000 +Bonus – 1,51,200 ( estimated @ Rs.42 per 1000 SA for 26 years.) = Rs.3,51,200.


T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.


In addition to this the policy holder will also be provided Double Accident Benefit.

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LIC's Amulya Jeevan features benefits premiums with example

Amulya Jeevan

Proposer:  Mr. X

Age:  37 years

Nominee:  Mr. Y

Policy Amount: 25 lacs.

Key Policy Features:

                This is a pure term assurance plan using which a person can secure his/her family in an economical way.    The policy amount can be paid either as regular premiums (yearly and half yearly) or as a single premium.

Benefits:

Maturity Benefits:

                There is no maturity benefits in this policy.

Death Benefits:

                The Sum Assured will be given to the nominee on his/her  death during the policy paying term.

Terms and Premiums:

Term: 5 years

Single Premium:                               Rs. 27,450 /-

Regular Premiums:

Mode	Premium	Total Premium Paid
Hly Yearly	Rs. 3,379 /- Rs. 6,625 /-	3379 x 10 = Rs. 33,790 /- 6625 x 5 = Rs. 33,125 /-

Term: 10 years

Single Premium:                               Rs. 51,525 /-

Regular Premiums:

Mode	Premium	Total Premium Paid
Hly Yearly	Rs. 3,697 /- Rs. 7,250 /-	3697 x 20 = Rs. 73,940 /- 7250 x 10 = Rs.72,500 /-

Term: 15 years

Single Premium:                               Rs. 78,150 /-

Regular Premiums:

Mode	Premium	Total Premium Paid
Hly Yearly	Rs. 4,233  /- Rs. 8,300 /-	4233 x 30 = Rs.1,26,990 /- 8300 x 15 = Rs.1,24,500 /-

 

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