Bima Account 1 (Plan No. 805)

Summary of Bima Account:
LIC’s Bima Account 1 (Plan No. 805) is a without profit Variable Insurance Product. Under this life insurance policy there will be a Policyholder’s Account maintained separately for individual policyholder, which shall consist of two parts;

1. Regular Premium Account
2. Top-up Premium Account.

The Policyholder’s Account will earn an annual interest of 6% p.a. provided the policy is inforce and 5% p.a. if the policy is paid-up. The interest rate will be guaranteed for the whole of the policy term. Life Insurance Corporation may also declare an additional interest rate on Policyholder’s Regular Premium Account for inforce policies based on the experience under the LIC Bima Account 1 plan.
LIC Bima Account 1 at glance

• An Endowment Plan with guaranteed return
• Premium Top up facility
• A plan with Guaranteed Interest  of 6% for Whole Term
• A very high Risk cover
• Short Term policy (5-7 years)
• Loan Available after 1 Year : 60% of amount in Policyholder’s account
• Surrender Available after 1 year but money will be given after 3 years
• No Surrender Charges

Benefits of Bima Account 1:
a) Benefits payable on death: Bima Account 1:
In case of death of the Life Assured during the policy term, when the policy is inforce, the nominee shall get the Sum Assured along with the balance in the Policyholder’s Account.
b) Benefits payable on maturity – Bima Account 1:
On life assured surviving the date of maturity an amount equal to balance in the Policyholder’s Account is payable.
c) Guaranteed Interest – Bima Account 1:
Guaranteed interest rate shall be applicable on Policyholder’s Account and not on the gross premium paid by the Policyholder.
The Policyholder’s Account i.e both Policyholder’s Regular Premium Account and
Policyholder’s Top-up Premium Account will earn an annual interest of 6% p.a. provided the policy is inforce and 5% p.a. if the policy is paid-up. The interest rates will be guaranteed for the whole of the policy term.
During the revival period Policyholder’s Account will earn guaranteed interest rate of 5% p.a. On revival of policy, the guaranteed rate of interest on Policyholder’s Account will again be 6% p.a. from the date of revival.
The interest amount will be calculated on day to day basis on balance in the Policyholder’s Account after deduction of all due charges and shall be credited to the Policyholder’s Account at the end of each calendar month.
d) Additional Interest – Bima Account 1:
The LIC of India may also declare an additional interest rate on Policyholder’s Regular Premium Account for inforce policies based on the experience under this plan.
Premium:

Premium LIC Bima Account 1

Mode	Yearly	Half Yearly	Quarterly	Monthly (ECS)
Min. Premium	Rs.7000	Rs.4000	Rs.2000	Rs.600
Max. Premium	Rs.14000	Rs.7000	Rs.3500	Rs.1100

Annual Premiums shall be payable in multiple of Rs.1,000 for all modes other than ECS monthly. For monthly (ECS), the premium shall be in multiples of Rs. 100/-.
Charges under LIC Bima Account 1:
First Year 27.5%
2nd year 7.5% &
3rd Years Thereafter: 5%
Top-up Premium: 2.5%

BLEND Money Back Policy

LIC Long Term Infrastructure Bonds

Investment in Bonds of  LIC  upto Rs 20,000 in addition to Rs. 1Lakh in 80C are Eligible for Tax Exemption under Section 80CCF.
Finance Minister in Union Budget had introduced a new section 80CCF under the Income Tax Act, 1961 that provide income tax deduction of Rs. 20,000 in addition to Rs 1 Lakh available under other provisions for claiming tax deductions for investments made in the Long Term Infrastructure Bonds that are notified by the central government.

 

LIC Infrastructure Bond at Glance:



Term: 10 years
Minimum lock in period: 5 years
Loan on Bond: After 5 years
Interest Rate: 7.85%-7.95% after tax.
Exit options: Buy back or through Demat account
Open for Individual or HUF.

Any individual or HUF can invest in LIC’s Infrastructure Bonds Between Rs.5000 – Rs.20,000/- This will be over the Rs.1 lakh deduction allowed under Section 80C.

Tax Benefit example:
If you are in highest tax payers bracket of 30% can save an additional Rs 6,000 and if you happen to fall in the lower tax bracket then you can still save Rs.2,000/- by investing in LIC infrastructure bonds this financial year.

This announcement will boost the infrastructure projects in India. The deduction can be claimed by individuals or HUFs for the investments made in subscribing the long term infrastructure bonds during the FY 2010-11

Note:
The above is the product summary giving the key features of the Bond. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.

Jeevan Anand details's archive Jeevan Anand an Endowment Assurance + Whole Life plan

Jevan Anand is the combination of Endowment Assurance and Whole Life plan.
The risk cover will continue even after the maturity, that means Zindagi Ke Saath Bhi Zindagi Ke Bad Bhi… Jeevan Anand plan no. 149 provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Key Features:
1. Jeevan Anand is the combination of Whole Life and Endowment Assurance plan.
2. Even after the Premium Paying Term (PPT) is over, risk cover continues till the death of the policy holder.
3. Accident Benefit is available during the Premium paying term adn thereafter upto age 70.
4. Limited premium payments.
5. Double accidental cover upto age 70.
6. Tax Savings
more……….

LIC Agent Bangalore @9035084276

LIC Agent Bangalore @9035084276

LIC’s Jeevan Saral (ATM Plan)

LIC of India’s Jeevan Saral is a unique life insurance plan having good features of the conventional plans and the flexibility of unit linked plans. Jeevan Saral offers Higher Cover, smooth returns, good liquidity and a lot of flexibility. 
Benefits of Jeevan Saral:
On Death: 250 times the monthly premium, plus return of premiums excluding extra/rider premium and first year premium, plus the loyalty addition, if any.
On Maturity: Maturity sum assured, plus Loyalty Additions, if any

Features of Jeevan Saral:
High risk cover at low premium
Extended risk cover for one year after 3 years premium payment.
Optional higher cover through Term Riders
Any time surrender without any penalty or loss after 5 years
Any number of withdrawals through partial surrendering

Other eligibility conditions:
Minimum premium of Rs.250/- per month for entry age upto 49 years.
and Rs.400/- per month for entry age 50 years and above.

For Personal Illustration please send a mail to avijit.1804@gmail.com or call @9035084276 (Bangalore / Kolkata)

Illustration :  
Primium Monthly  250 400 500 1000 2000 5000

SA(On Death) 62500 100000 125000 250000 500000 1250000

Term            

10 years 52594 84151 105188 210374 420747 1051871

             

20 Years 189010 302416 378019 756030 1512058 3780153


After 10 years you can withdrawal whole amount.

Child Future Plan (Table - 185)

It has been decided to introduce a new with profits plan for children, LICs Child Future Plan (Plan No. 185) w.e.f 8th February 2007. This plan is designed to meet the increasing educational and other needs of growing children which provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term). On surviving to the end of the specified durations, a number of Survival benefits are also payable.

LIC PENSION PLUS (Plan No. 803)

LIC’S PENSION PLUS• A unique Unit Linked Pension Plan with guarantee on the minimum rate of interest.
• Rate of Interest applied to gross premium.
• Being a ULIP plan the fund has immense possibility for growth.
• Benefit of Annuity from Maturity Proceeds.


Benefit on Maturity :
• Annuity purchased from Fund Value or Guaranteed Maturity Proceeds whichever is higher.
• Option to commute 1/3rd. of the Maturity Proceeds.

Benefit on death - Fund Value. Nominee has the option to receive the amount in lump Sum or as Annuity.

Guaranteed Maturity Proceeds: premiums are paid till maturity, a guaranteed
interest shall accrue on the gross premium, including Top-up premiums, at the end of each
financial year. The guaranteed interest rate shall be 50 basis points above the average of the
reverse repo rate prevailing as on the last working day of June, September, December and
March of the preceding year.
However, the guaranteed interest rate shall be subject to a maximum of 6% and a minimum of
3%. This guaranteed interest rate is not applicable to a discontinued policy.
The minimum guaranteed rate of 4.5% p.a. is applicable to all premiums received up to 31st
March, 2011, including any Top-up premiums paid.


Pension Plus – Other features
• If premiums are not paid within days of grace life assured has to exercise option
to
(i) Revive the policy or
(ii) Withdraw the policy.
• Revival: Payment of Arrears without Interest.
• Withdrawal : On Withdrawal, Monetary Value is due. 1/3rd of the Monetary Value can be commuted, Balance is used for Annuity.
 Two free switches per year.

Why Pension Plus
• Minimum Interest Guaranteed. This
protects against fluctuation of interest due
to policies of the government in the distant
future.
• Since individuals in Private Employment and those engaged in Business do not have pension security, Pension Plus fulfils their need for a secured future.
• Being Market Linked, the plan has possibility of getting excellent returns.
• Easy Purchase.
• Top-up premiums allowed except during the last 5 years of Maturity.
• Partial Withdrawal Not allowed.
• Surrender allowed. Discontinuance charges applicable for the first 5 years. • Convenient modes of payment , Single Premium mode also available.
• Compulsory purchase of Annuity ensures channelisation of funds for specific purpose.
• Regular income from the commencement of annuity.

Plan presentation specially customised for Chitta aged 31 years.
Presentation based on an assumed NAV growth rate of 13 % per annum.*
Year Age Premium Allocation charge Invested amount NAV Total Charges Deducted units Units after deduction Fund Value at year end
1 31 30000 2025 27975 10 2422.1 35.1 2762.4 31215
2 32 30000 1350 28650 11.3 1759 32 5300.9 67687
3 33 30000 1350 28650 12.8 1771.3 29.2 7547.4 108901
4 34 30000 1350 28650 14.4 1783.9 26.6 9535.6 155475
5 35 30000 1350 28650 16.3 1796.9 24.3 11295.1 208105
6 36 30000 750 29250 18.4 1210.3 22.1 12884.8 268256
7 37 30000 750 29250 20.8 1224.1 20.2 14291.7 336228
8 38 30000 750 29250 23.5 1238.4 18.4 15536.8 413037
9 39 30000 750 29250 26.6 1253 16.7 16638.7 499833
10 40 30000 750 29250 30 1268.1 15.3 17613.9 597914
11 41 30000 750 29250 33.9 1283.6 13.9 18476.9 708748
12 42 30000 750 29250 38.4 1299.7 12.7 19240.7 833991
13 43 30000 750 29250 43.3 1316.1 11.6 19916.6 975517
14 44 30000 750 29250 49 1333.1 10.5 20514.8 1135443
15 45 30000 750 29250 55.3 1350.6 9.6 21044.2 1316162
16 46 30000 750 29250 62.5 1368.6 8.8 21512.7 1520375
17 47 30000 750 29250 70.7 1387.2 8 21927.4 1751138
18 48 30000 750 29250 79.9 1406.3 7.3 22294.4 2011902
19 49 30000 750 29250 90.2 1426 6.6 22619.1 2306568
20 50 30000 750 29250 102 1446.3 6 22906.5 2639542
Total pension fund available at the end of 20 years will be Rs.2639541*
Pension Availble without commutattion Pension available with 1/3rd commutation
Pension Fund   Yearly pension Monthly pension Pension Fund Commuted amount Yearly pension       Monthly pension
2639542     195590 15573 2639541 879847 130393 10382

* Actual pension rate may varry depending on the performance of fund and annuity rate at the time of maturity.
* Fund Value Totally depends on NAV Values.
* This Presentaion Based on NAV Value 13. This illustration is may be not correct because Return depends NAV Value. 

Welcome To LIC Bangalore; Need Any Help . Please Call @ 9035084276

Life Insurance is a lot more than just an investment to save taxes. From providing Financial security for your family to protection cover when life springs up unpleasant surprises, insurance provides it all. It even takes care of the educational needs of your loved ones. Unlike other investment avenues, Insurance gives you the much needed all round protection throughout life.

LIC Life Insurance Plans
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LIC Unit Plans & Policies

LIC Few Popular Plan

Jeevan Saral

Jeevan Anand

Jeevan Shree

Jeevan Chaya

Children Plan

Money back policy

ENDOWMENT PLUS (Plan No. 802)

Pay LIC Primium Online

Pay LIC Primium Online