LIC New Plans One PPT 2014

10/31/2014 STC- HGD 1
H G DASAR
FM,STC Bangalore
1.LICs Single Premium
Endowment Plan
Plan No. 817
UIN 512N283V01
Single Premium
With Profit Endowment Plan
Minimum Age at entry is 90 days
Loan available after completion of one year
Back dating is allowed
SINGLE PREMIUM ENDOWMENT
Highlights
Death Benefit
Maturity Benefit =
Sum Assured Plus + Simple Reversionary Bonuses Plus
+ Final Additional Bonus, if any.
After Commencement of Risk Before Commencement of Risk
#
Sum Assured plus vested Simple Reversionary
bonuses and final additional bonus, if any.
Return of Single Premium excluding
taxes and extra premiums, if any.
# In case the age at entry of Life Assured is less than 8 years, risk will commence either 2
years from the DOC OR policy anniversary after completion of 8 years of age whichever is
earlier, for others risk shall commence immediately.
SINGLE PREMIUM ENDOWMENT PLAN
Available after completion of 1 policy year.
Amount of loan will depend on year of Policy and Policy Term.
The maximum loan shall be granted as a * % of S V.
Policy Year
Term
2 3 6 9 12
13 and
above
Upto 15 yrs 55% 60% 80% 90% 90% 90%
16 to 20 yrs 40% 45% 60% 80% 90% 90%
21 yrs and above 30% 30% 45% 60% 80% 90%
* Some Examples of Loan as a percentage of Surrender Value are given below
Loan :
Particulars Description
Age at entry
90 days (completed) to 65 years (nearest
birthday)
Age at Maturity 18 to 75 years
Policy Term 10 to 25 years
Premium mode Single Premium only
Basic Sum
Assured
50000 and above ( In multiples of 5000)
No upper Limit.
Sum
Assured
3,00,000 and
above
2,00,000 to
2,95,000
1,00,000 to
1,95,000
50,000
to 95,000
Rebate (Rs.) 30 SA 25SA 18SA Nil
Rebate for High Sum Assured
Eligibility Conditions and Restrictions
The policy can be surrendered at any time during the policy term.
Higher of Guaranteed Surrender Value or Special Value shall be
payable.
Guaranteed Surrender Value(GSV):
1
st
Year ~ 70% of Single Premium excluding taxes and extra premium,
if any.
Thereafter ~ 90% of Single Premium excluding taxes and extra
premium, if any. Plus Surrender Value of vested bonuses.

Special Surrender Value (SSV):
Discounted value of Sum Assured and vested simple reversionary
bonuses
10/31/2014 STC- HGD 8
Remember.
1. Single Premium
2. Age at entry 90 days ?
3. Risk Commencement @ age 8years
4. Maturity claim :
a) SA + Bonus +FAB if any
5. Death Claim :
a) Before commencement of Risk
Re turn of SP Taxes Extra
b) SA + Bonus * + FAB if any
10/31/2014 STC- HGD 9
6. Loan after 1 year 30% - 90%
7. Maturity age 18 to 75 years.
8. Term 10 to 25 years
9. SA Min 50,000 -- Max No limit
10.GSV70% of SP Ist yearTax-Extra
- 90% of SP Tax-Extra thereafter
11. SSV - Discounted value of SA &
vested bonus
12. Revival within 2 years
Remember.
2.LICs NEW ENDOWMENT
PLAN
Table No. 814
Table No. 14
Endowment Assurance Plan
Table No.814
New Endowment Plan
Maturity Benefit Maturity Benefit
Basic Sum Assured along with
Vested Simple Reversionary
Bonuses and Final Additional
Bonus, if Any.
Vested Simple Reversionary Bonuses and
Final Additional Bonus, if Any.
Death Benefit Death Benefit
Sum Assured (SA) along with
Vested Simple Reversionary
Bonuses and
Final Additional Bonus, if any.
Sum Assured on Death along with Vested
Simple Reversionary Bonuses and Final
Additional Bonus, if any.
The death benefit as defined above shall not be
less than 105% of total premiums* paid as on the
date of death.
Modified Sum
Assured on
Death' instead
of SA.
No
change
New Endowment Plan Benefits
What is Sum Assured on Death?

Sum Assured on Death shall be Higher of ~
Basic Sum Assured (BSA)

OR

10 times Annualised Premium.(10 x AP).

[*The premiums mentioned in death benefit are excluding
taxes, extra premiums and premiums for riders, if any]
New Endowment Plan Benefit on Death
Particulars
Table No. 14
Table No. 814
New Endowment Plan
Age at entry 12 to 65 years 8 to 55 years
Age at
Maturity
Maximum 75 years Maximum 75 Years
Policy Term 5 to 55 years 12 to 35 years
Premium
mode
Yearly, Half-yearly,
Quarterly, Monthly (SSS or
ECS)
Quarterly, Monthly (SSS or
ECS)
Basic Sum
Assured
50000 and above
100000 and above
( In multiples of 5000)
New Endowment Plan
Age at
entry
modifie
d
Minimu
m Sum
Assured
Modified
Policy
term
modifie
d
Mode
Rebate
Table No. 14 Table No. 814
Yearly
3% of tabular Premium 2% of tabular premium
Half-yearly
1.5% of tabular premium 1% of tabular premium
Quarterly Nil Nil
Table No 14
Table No. 814
New Endowment Plan
Basic Sum Assured Rebate (Rs.) Basic Sum Assured Rebate (Rs.)
100001 and above 2.00 SA 5,00,000 and above 3.00 BSA
50001 to 100000 1.00 SA 2,00,000 to 4,95,000 2.00 BSA
Upto 50000 Nil <1,95,000 Nil
Slab & Rate
modified
Rate
modified
LICs New Endowment Plan ~ Rebates
Table No. 14
Table No. 814
New Endowment Plan
Available after payment of 3 full
years premiums.
years premiums.
Loan granted shall be 90% of the
Surrender Value in case of inforce
policies and 85% of the Surrender
Value in case of Paid-up policies
irrespective of the policy term.
The maximum amount of loan that
can be granted as a percentage of
Surrender Value shall depend on
the Policy Term, as given in the
table below.

Foreclosure action was initiated on
default of 2 or more half-yearly
loan interest installments.
Foreclosure action shall not be
taken under fully paid-up and
inforce policies even if there is
default of loan interest.
Policy Term Upto 23 24 to 27 28 to 31 32 to 35
% for inforce policies 90% 80% 70% 60%
% for Paid-up policies 80% 70% 60% 50%
% of loan
modified
LICs New Endowment Plan ~ Policy Loan
Table No.14 Table No. 814
Guaranteed Surrender Value (GSV) Guaranteed Surrender Value (GSV)
Available after payment of 3 full years
premiums.
premiums.
GSV shall be equal to 30% of the total
premiums paid less First Year Premium
and extra premium, if any.

GSV shall be a percentage of total
premiums paid (net of taxes) excluding
extra premium, if any and premium paid
for riders,if opted for.
Examples of GSV factors applicable for
total premiums paid
Policy Year ~ GSV factor
3 = 30%
5 = 50%
t -1 = 80% (t=Policy Term)
Cash Value of vested bonuses, if any. GSV factor applicable to vested bonus, if
any. Examples of Vested bonus factors
Year of SV Policy Term Factor
3 12 18.60%
19 25 20.85%
29 30 30%
LICs New Endowment Plan ~ Surrender Value
GSV %
modified
Bonus
Payable
modified
No
Change
Table No. 14
Table No. 814
New Endowment Plan
Special Surrender Value (SSV) Special Surrender Value (SSV)
Surrender Value shall be the
discounted value of the Paid-up Sum
Assured and vested simple
reversionary bonuses.
Surrender Value shall be the
discounted value of the Paid-up Sum
Assured and vested simple
reversionary bonuses.
The discount factors shall be
surrender value factors as provided in
Table-1A of the Special Surrender
Value Booklet and will depend upon
the policy term and duration elapsed
since the commencement of the policy.
The discount factors shall be
surrender value factors as provided in
Table-1A of the Special Surrender
Value Booklet and will depend upon
the policy term and duration elapsed
Surrender Value Payable Surrender Value payable
The Higher of Guaranteed Surrender
Value and Special Surrender Value
shall be payable.
The Higher of Guaranteed Surrender
Value and Special Surrender Value
shall be payable.
No change in SSV
LICs New Endowment Plan
Table No 14
Table No 814
New Endowment plan
A Policy may be revived within a
period of 5 years from the date of first
unpaid premium.
unpaid premium.
Taxes, if any , were borne by the
corporation.
Taxes, if any, shall be applicable at the
prevailing rates and borne by the
policyholder as per rules.
There shall be no change in the
following Items
Back Dating
Grace Period
Paid-up Value
Assignment/Nomination
LICs New Endowment Plan ~ Table No. 814
3. LICs NEW MONEY BACK
PLAN 20 Years
( Plan No. 820 )
UIN : 512N280V01
Money Back Plan -20 years
Plan No. 75
New Money Back Plan 20 years
Plan No. 820
40% of the Basic Sum Assured along
with
with
Vested Simple Reversionary Bonuses
and
Basic Sum Assured(BSA) along with
Sum Assured on Death along with
and

The death benefit as defined above shall
not be less than 105% of total
premiums* paid as on the date of death .
Modification-
Sum Assured on
Death' instead of
SA
LICs New Money Back Plan -20 years ~ Benefits

125% of Basic Sum Assured (1.25 x BSA)
OR

[Premiums - excluding taxes, extra premiums and premiums
for riders, if any]
Survival Benefit
Policy Year
5th 10
th
15
th

Survival Benefit
Payable
20% 20% 20%
Plan No. 75
Plan No. 820
Paid-up value per thousand Sum Assured
Paid up value shall be equal to
[(Number of premiums paid/ Total
Number of premiums payable)x Basic
Sum Assured less total amount of
Survival Benefits paid under the policy.
Year Year
6,11 70 15 50
2,7,12 140 16 120
3,8,13 210 17 190
4,9,14 280 18 260
19 330
20 400
NO
Change
in SB
Paid-up
Value
modified
Particulars
( Plan No. 75)
New Money Back Plan 20
years ( Plan No. 820)
Age at Maturity Maximum 70 years Maximum 70 Years
Policy Term 20 years 20 years
Premium
Paying Term
20 Years 15 Years
Premium mode
Yearly, Half-yearly, Quarterly,
Monthly (SSS or ECS)
Basic Sum
Assured
50,000 and above
1,00,000 and above
Premium
Paying
term
modified
LICs New Money Back Plan -20 years ~
Minimum
Sum
Assured
modified
Mode
Rebate
Plan No. 75 Plan No. 820
Yearly 3% of tabular Premium 2% of tabular premium
Half-yearly 1.5% of tabular premium 1% of tabular premium
Quarterly Nil Nil
Plan No. 75
Plan No. 820
1,00,000 and above 2.00 SA 5,00,000 and above 3.00 BSA
50001 to 1,00,000 1.00 SA 2,00,000 to 4,95,000 2.00 BSA
Upto 50000 Nil 1,00,000 to 1,95,000 Nil
Slab & Rate
modified
Rate
modified
LICs New Money Back Plan -20 years ~ Rebates
Plan No. 75
Plan No. 820
premiums.
Available after payment of 3 full years premiums.
Value in case of Paid-up policies.
The maximum amount of loan that can be granted
as a percentage of Surrender Value be as under:
For inforce and fully paid-up policies upto 90%
For paid-up policies 80%
Foreclosure action shall be initiated on
default of 2 or more half-yearly loan
interest installments.
Foreclosure action shall not be taken under fully
paid-up and inforce policies even if there is
% of loan
modified
LICs New Money Back Plan -20 years ~ Loan
premiums.
premiums.
Before Payment of Survival Benefit:
premiums paid less First Year Premium and
extra premium, if any.
After Payment of Survival Benefit:
GSV shall be 30% of the premiums paid after
the due date on which last SB was paid less
GSV shall be a percentage of total premiums
paid (net of taxes) excluding extra premium, if
any and premium paid for riders, if opted for.
Less any survival Benefits already paid.
Examples of GSV factors applicable for total
premiums paid
3 = 30%
5 = 50%
Cash Value of vested bonuses, if any. GSV factor applicable to vested bonus, if any.
Examples of Vested bonus factors
Year of SV Factor
3 16.21%
10 18.16%
19 30%
GSV %
modified
Bonus
Payable
modified
No
Change
LICs New Money Back Plan -20 years ~ Surrender Value
Plan No. 75
Plan No. 820
Surrender Value shall be the discounted
value of the Paid-up Sum Assured and
vested simple reversionary bonuses.
The discount factors shall be special
surrender value factors as provided in Table-
1A of the Special Surrender Value Booklet
and will depend upon the policy term and
duration elapsed since the commencement of
the policy.
the policy.
The Higher of Guaranteed Surrender Value
and Special Surrender Value shall be
payable.
payable.
No change in SSV
Plan No. 75
Plan No. 820
period of 5 years from the date of
first unpaid premium.
period of 2 years from the date of
first unpaid premium.
corporation.
Taxes, if any, shall be applicable at
the prevailing rates and borne by
the policyholder as per rules.
There shall be no change in
the following Items
Back Dating
Grace Period
LICs New Money Back Plan -20 years
10/31/2014 STC- HGD 29
1.Maturity = 40%SA + Bonus = FAB
2.Sum Assured on Death has been
defined separately. i,e Higher of
a) 105% of Prem paid
b) 10 Times of AP
c) 125 % of BSA
3. Age at entry has not been changed
from 13-50 .
4. PPT changed from 20 to 15 Years
Remember..
10/31/2014 STC- HGD 30
5. Min 50,000 to 1,00,000 SA
6. Rebate Slab and rate changed.
7.GSV percentage shall also
depend on policy term and
year of Surrender
3 = 30%
5 = 50%
Remember..
10/31/2014 STC- HGD 31
8. Rebates for high SA and
premium mode modifie
8. Age at entry changed 12-65 to
8-55
9. Term Change 5-55 to 12-35
10. Min SA Changed 50,000 to
1,00,000
11. Modes allowed
Yly,Hly,Qty,SSS & ECS
4. LICs NEW MONEY BACK PLAN
25 Years ( Plan No. 821 )
UIN:51278VO1
Plan No. 93
Plan No. 821
with
and
with
and
Final Additional Bonus, if Any
Sum Assured(SA) along with Vested
Simple Reversionary Bonuses and
Sum Assured on Death along with
and

The death benefit as defined above shall
not be less than 105% of total
premiums* paid as on the date of death .

Modification- Sum
Assured on Death'
instead of SA

OR

[*Premiums - excluding taxes, extra premiums and premiums for
riders, if any]
Survival Benefit
Policy Year
5th 10
th
15
th
20
th

Survival
Benefit Payable
15% 15% 15% 15%
Plan No. 93
Plan No. 821
Paid-up value per thousand Sum Assured
Paid up value shall be equal to
[(Number of premiums paid/ Total
Number of premiums payable)x Basic
Sum Assured less total amount of
Survival Benefits paid under the policy.
Year Year
6,11,16 62 20 90
2,7,12,17 124 21 152
3,8,13,18 186 22 214
4,9,14,19 248 23 276
24 338
25 400
NO
Change in
SB
Paid-up
Value
modified
Particulars
( Plan No. 93)
New Money Back Plan 25
years ( Plan No. 821)
Age at Maturity Maximum 70 years Maximum 70 Years
Policy Term 25 years 25 years
Premium
Paying Term
25 Years 20 Years
Premium mode
Basic Sum
Assured
50,000 and above
1,00,000 and above
Premium
Paying
term
modified
LICs New Money Back Plan -25 years ~
Minimum
SA modified
Mode
Rebate
Quarterly Nil Nil
Plan No. 93
Plan No. 821
1,00,000 and above 2.00 SA 5,00,000 and above 3.00 BSA
50001 to 1,00,000 1.00 SA 2,00,000 to 4,95,000 2.00 BSA
Upto 50000 Nil 1,00,000 to 1,95,000 Nil
Slab & Rate
modified
Rate
modified
LICs New Money Back Plan -25 years ~ Rebates
Plan No. 93
Plan No. 821
premiums.
Available after payment of 3 full years premiums.
Value in case of Paid-up policies.
The maximum amount of loan that can be granted
as a percentage of Surrender Value be as under:
For inforce and fully paid-up policies upto 90%
For paid-up policies 80%
Foreclosure action shall be initiated on
default of 2 or more half-yearly loan
interest installments.
Foreclosure action shall not be taken under fully
paid-up and inforce policies even if there is
% of loan
modified
LICs New Money Back Plan -25 years ~ Loan
premiums.
premiums.
Before Payment of Survival Benefit:
premiums paid less First Year Premium and
After Payment of Survival Benefit:
GSV shall be 30% of the premiums paid
after the due date on which last SB was paid
less extra premium, if any.
GSV shall be a percentage of total premiums
paid (net of taxes) excluding extra premium, if
any and premium paid for riders, if opted for.
Less any Survival Benefits already paid.
Examples of GSV factors applicable for total
premiums paid
3 = 30%
5 = 50%
Cash Value of vested bonuses, if any. GSV factor applicable to vested bonus, if any.
Examples of Vested bonus factors
Year of SV Factor
3 15.28%
20 21.99%
24 30%
GSV %
modified
Bonus
Payable
modified
No
Change
Plan No. 93
Plan No. 821
the policy.
the policy.
payable.
payable.
No change in SSV
Plan No. 93
Plan No. 821
unpaid premium.
unpaid premium.
Corporation.
the following Items
Back Dating
Grace Period
LICs New Money Back Plan -25 years
10/31/2014 STC- HGD 42
1.Maturity = 40%SA + Bonus = FAB
2.Sum Assured on Death has been defined
separately. i,e Higher of
a) 105% of Prem paid
b) 10 Times of AP
c) 125 % of BSA
3. Age at entry has not been changed
from 13-45 .
4. PPT changed from 25 to 20 Years
Remember..
10/31/2014 STC- HGD 43
5. Min 50,000 to 1,00,000 SA
6. Rebate Slab and rate changed.
7.GSV percentage shall also
depend on policy term and
year of Surrender viz:
3 = 30%
5 = 50%
Remember..
10/31/2014 STC- HGD 44
8. Rebates for high SA and
premium mode modifie
8. Age at entry changed 12-65 to
8-55
9. Term Change 5-55 to 12-35
10. Min SA Changed 50,000 to
1,00,000
11. Modes allowed
Yly,Hly,Qty,SSS & ECS
5. LICs NEW JEEVAN ANAND
PLAN
Plan No. 815
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
and
and
Final Additional Bonus, if Any
During the policy term
Basic Sum Assured(BSA) along
with Vested Simple Reversionary
Bonuses and
After expiry of policy term
Basic Sum Assured
During the policy term
Sum Assured on Death * along
with Vested Simple Reversionary
Bonuses and
After expiry of policy term
Basic Sum Assured
Modification-
Sum Assured on
Death' instead
of BSA
LICs New Jeevan Anand Plan Benefits
What is Sum Assured on Death? *

OR
10 times Annual Premium.(10 x AP).

The death benefit as defined above shall not be less than
105% of total premiums* paid as on the date of death .
[*excluding taxes, extra premiums and premiums for riders, if any]
LICs New Jeevan Anand Plan Benefits
Particulars
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
Age at
Maturity
Maximum 75 years Maximum 75 Years
Policy Term 5 to 57 years 15 to 35 years
Premium
mode
Quarterly, Monthly (SSS
or ECS)
Quarterly, Monthly (SSS
or ECS)
Basic Sum
Assured
100000 and above
100000 and above
Maximu
m Age at
entry
reduced.
Policy
term
modified
LICs New Jeevan Anand Plan
Mode
Rebate
Plan 149 Plan No. 815
Quarterly Nil Nil
Plan No 149
Jeevan Anand
Plan No. 815
New Jeevan Anand
10,00,000 and above 1.75 BSA 10,00,000 and above 3.00 BSA
5,00,000 to 9,95,000 1.50 BSA 5,00,000 to 9,95,000 2.50 BSA
3,00,000 to 4,95,000 1.00 BSA 2,00,000 to 4,95,000 1.50
1,00,000 to 2,95,000 Nil 1,00,000 to 1,95,000 Nil
Slab & Rate
modified . . .
Rate
modified
LICs New Jeevan Anand Plan Rebates
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No.815
premiums.
premiums.
Loan granted shall be 90% of the Surrender
Value in case of inforce policies and 85% of
the Surrender Value in case of Paid-up
policies irrespective of the policy term.
The maximum amount of loan that can be
granted as a percentage of Surrender Value
shall depend on the Policy Term, as given in
the table below.*
Foreclosure action was initiated on default of
2 or more half-yearly loan interest
installments.
Foreclosure action shall not be taken under
fully paid-up and inforce policies even if
there is a default of loan interest.
Policy Term Upto 23 24 to 27 28 to 31 32 to 35
% for inforce policies
90% 80% 70% 60%
% for Paid-up policies
80% 70% 60% 50%
% of loan
modified
LICs New Jeevan Anand Plan Loan
*
Plan No.149 Plan No. 815
years premiums.
years premiums.
premiums paid less First Year
Premium and extra premium, if any.

GSV shall be a percentage of total
premiums paid (net of taxes)
excluding extra premium, if any and
premium paid for riders,if opted for.
Examples of GSV factors applicable
for total premiums paid
3 = 30%
5 = 50%
Cash Value of vested bonuses, if any. GSV factor applicable to vested
bonus,if any. Examples of Vested
bonus factors
Year of SV Policy Term Factor
3 15 17.66%
19 25 20.85%
29 30 30%
GSV %
modified
No Change
LICs New Jeevan Anand Plan Surrender Value
Jeevan Anand
Plan No. 149
New Jeevan Ananad
Plan 815
The discount factors shall be surrender value
factors as provided in Table-1A and
2A(whole life) of the Special Surrender
Value Booklet and will depend upon the
policy term and duration elapsed since the
commencement of the policy.
The discount factors shall be Special
1A and 2A(Whole life) of the Special
Surrender Value Booklet and will depend
upon the policy term and duration elapsed
payable.
payable.
No change in SSV
LICs New Jeevan Anand Plan Surrender Value
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
unpaid premium.
unpaid premium.
Accident Benefit inbuilt. Accident Benefit as a rider.
corporation.
There shall be no change in the following Items
Back Dating
Grace Period
Paid-up Value
LICs New Jeevan Anand Plan
Bima Bachat Plan
Plan No. 175
New Bima Bachat plan
Plan No. 816
Single Premium Paid along with
loyalty addition less extra
premiums ,if any.
Single Premium Paid along with loyalty addition
less Taxes and extra premiums ,if any
Death Claim Benefit Death Claim Benefit
Payment of Sum Assured First 5 years:
Sum Assured shall be payable.
After completion of 5 years:
Sum Assured and Loyalty Additions, if any
shall be payable.
LICs New Bima Bachat Plan
Benefits
Death Benefit
Modified

Year->
Term
SURVIVAL BENEFIT
(as a percentage of Sum Assured )
3
RD
6
TH
9
TH
12
TH
15th
9 15% 15% MAT XXX
12 15% 15% 15% MAT
15 15% 15% 15% 15% MAT
LICs New Bima Bachat Plan - Benefits
There is no change in the percentage of Survival Benefit payable under
Bima Bachat Plan 175 and New Bima Bachat Plan - 816
No Change
in SB
Particulars
Description
Plan No 175
Bima Bachat
Plan No. 816
New Bima Bachat
Age at
entry
15 to 66 years
irrespective of the
policy term
Minimum Maximum
15 years
Term = 9 Term = 12 Term = 15
66 yrs 63 yrs 60 yrs
Age at
Maturity
Maximum
75 Years
Maximum 75 Years
Policy
Term
9 , 12 and 15 years 9 , 12 and 15 years
Basic Sum
Assured
Minimum 20000 and
in multiple of Rs
5000 No upper limit
Minimum Maximum
Term = 9 Term = 12 Term = 15 Term = 9/12/15
35000 50000 70000
No upper Limit
SA shall be in
multiple of
Rs.5000
Age at Entry
and SA based on
policy term
New Bima Bachat
Plan 816
Policy
Term
Sum Assured Band
% of
Tabular
Premium
9
years
Less than 75000 Nil
75000 to less than 150000 6%
150000 and above 8%
12
years
Less than 100000 Nil
100000 and less than
200000
4%
200000 and above 6%
15
years
Less than 150000 Nil
150000 and less than
300000
3%
300000 and above 5%
High Sum Assured Rebate
Bima Bachat Plan No. 175
Policy
Term

Sum Assured
Band
% of
Tabular
premium
Policy
term
9,12 and
15 years
Less than
50000
Nil
50000 and less
than 100000
5%
100000 and
less than
200000
7%
200000
And above
8%
LICs Bima Bachat
Plan No 175
LICs Bima Bachat
Plan No. 816
Available after completion of 1 year. Available at any time during the policy term
subject to realisation of the premium cheque.
No Loyalty Addition payable. No Loyalty Addition payable.
Higher of GSV or SSV payable Higher of GSV or SSV payable
GSV is equal to 90% of the single
premium paid excluding extra premium
and less amount of Survival benefits
paid earlier.
1
st
Year ~ 70% of Single Premium
excluding taxes and extra premium,if any.
Thereafter ~ 90% of Single Premium
excluding all Survival Benefits paid earlier,
taxes and extra premium, if any.
Discounted value of Single Premium
paid excluding extra premium, if any.
Discounted value of Single Premium paid
excluding taxes and extra premium,if any.
Surrender Value
GSV
modified
LICs Bima Bachat
Plan No 175
LICs Bima Bachat
Plan No. 816
Loan available after payment of first
premium.
Loan facility available after completion
of 1 policy year
Loan can be granted upto 90% of the
Special Surrender Value
Loan can be granted upto 60% of
Surrender Value.
LICs New Bima Bachat Plan - Loan
Loan ~
Modified
Table No 175
Bima Bachat Plan
Table No 816
New Bima Bachat Plan
Service Tax was borne by the
corporation.
Service Tax shall be applicable at the
the following Items
Back Dating
Paid-up Value
LICS NEW JEEVAN
NIDHI
PLAN NO. 818
LICS NEW JEEVAN NIDHI - HIGHLIGHTS
1. Life Protection ~
Insurance Cover upto Date of Vesting
2. Pension ~
Option To purchase an Immediate Annuity
or
To purchase New Single Premium Deferred
Pension Plan
3. Guaranteed Additions ~
For the first 5 years @ Rs.50 Basic Sum
Assured
1. Participation in Profits ~After 6th policy
year, benefit of Vested Bonus and Final
Additional Bonus (if any).
2. Flexibility ~Premium Payment
Frequency-Single Premium, Yly, Hly, Qly,
Mly(ECS/SSS)
3. Customisation
Option for Accident Benefit Rider under
Regular Premium Policies only. Min SA is
changed from Rs 25000 to Rs 100,000
LICS NEW JEEVAN NIDHI
Description Minimum Maximum
Age at Entry 20 years 60 years under SP
20 years 58 years under RP
Age at Vesting 55 years 65 years
Deferment period 5 years for SP
7 years for RP
35 years

Sum Assured
Single Premium
Rs.150000/-

No Limit
Regular Premium
Rs.100000/-
The Sum Assured under Basic Plan shall be in
multiples of Rs.5000/
Premium Mode Single Premium, Yearly, Half-yearly, Quarterly,
Monthly [ECS or SSS]
LICS NEW JEEVAN NIDHI - BENEFITS
Benefit on Vesting
Basic Sum Assured
+
Accrued Guaranteed Additions
+
&Final Additional Bonus(if any)
Commute as per Income Tax
rules and purchase Immediate
Annuity with the balance amount
at the then prevailing Immediate
annuity rate
Purchase a new Single
Premium deferred
pension product from
LIC
Basic Sum Assured
+
Accrued Guaranteed
Additions
Basic Sum Assured
+
Accrued Guaranteed Additions
+
Vested Bonuses & FAB (if any)
First 5
policy years
6th year
onwards
Death Benefit
The death benefit as defined
above shall not be less than 105%
of total premiums* paid as on the
date of death
The Benefit shall be paid to the nominee as
lump sum OR
In the form of Annuity OR
Partly in lump sum and balance in the
form of Annuity at the then prevailing
Immediate annuity rates
Guaranteed Additions :
Payable for the first five years @ Rs.50/- per thousand
Basic Sum Assured for each completed year.

Participation in profits :
Simple Reversionary Bonus shall be added from the
6th policy year onwards till the end of the deferment
period and at such rates as may be declared by the
Corporation.

Final Additional Bonus shall be payable either on
vesting or on earlier death at the rates declared by the
Corporation.
Mode
Rebate
Plan 812 Plan No. 818
Quarterly Nil Nil
Rate
modified
LICs New Jeevan Nidhi Rebates
For Single Premium
1,50,000 to 2,95,000 Nil
3,00,000 and above 5.00 BSA
For Other Mode Premium
1,50,000 to 2,95,000 Nil
3,00,000 and above 2.00 BSA
NEW JEEVAN NIDHI
unpaid premium.
unpaid premium.
Corporation.
There shall be no change in the
following Items
Back Dating
Grace Period
Nomination

NO Assignment

No loan

Jeevan Nidhi meets all your needs across the
time horizon-
1. Life cover now and Pension afterwards!

2. Life Insurance cover till the date of
vesting-For the well-being of your loved
ones!

3. And Annuity/Pension after vesting-For
your well-being in later years!!!
WHY-LICS NEW JEEVAN NIDHI !!!
10/31/2014 STC- HGD 73

LIC New Plans One PPT 2014

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10/31/2014 STC- HGD 1

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