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Types of Insurance Policy

LIC Bonus Rates for 2017-18

What is the meaning of bonus for LIC policies? When you buy a traditional with profit product from LIC, then your returns from such policy mainly depends on what will be the rate of bonus. LIC declares bonus on the yearly basis. Usually, you will not find any such drastic change….

LIC Insurance Policy takes GST onboard – Much Needed 8 LIC Policies which are Free from GST

An insurance policy is made of two parts – investment and risk protection, GST is levied only on the risk factor part and not the investment part and therefore term plans will be influenced the most under GST. Now the current situation is that the insurance policy is divided into…

LIC’s AADHAAR STAMBH

policy Document                        (LIC’s AADHAAR STAMBH (UIN: 512N310V01) (A non-linked, with-profit endowment assurance life insurance plan) LIC’s Aadhaar Stambh Plan offers a combination of protection and savings. This plan is exclusively designed for male lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial…

LIC’s AADHAAR SHILA

Policy Document    LIC’s AADHAAR SHILA (UIN: 512N309V01)                    (A non-linked, with-profit endowment assurance life insurance plan) LIC’s Aadhaar Shila Plan offers a combination of protection and savings. This plan is exclusively designed for female lives having Aadhaar Card issued by UIDAI (Unique Identification Authority of India). This plan provides financial support…

Jeevan Lakshya

 Policy Document  LIC’s Jeevan Lakshya LIC’s Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of…

Limited Premium Endowment Plan

Benefits Policy Document  LIC’s Limited Premium Endowment Plan LIC’s Limited Premium Endowment Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum…

Jeevan Rakshak

Benefits Policy Document  LIC’s Jeevan Rakshak Plan LIC’s Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at…

New Endowment Plan

Benefits Policy Document  LIC’s NEW ENDOWMENT PLAN (UIN: 512N277V01) LIC’s New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This com bination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount…

Single Premium Endowment Plan

Policy Document  LIC’s SINGLE PREMIUM ENDOWMENT PLAN (UIN: 512N283V01) LIC’s Single Premium Endowment Plan is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. This combination provides financial protection against death during the policy term with the provision of…

Jeevan Labh

LIC’s JEEVAN LABH(UIN: 512N304V01)  Policy Document (1590KB) LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the…

Jeevan Pragati

Policy Document (699 KB) LIC’s JEEVAN PRAGATI PLAN (UIN: 512N306V01) LIC’s Jeevan Pragati Plan is a non-linked, with – profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every five years during the term of the policy. In addition, this…

Anmol Jeevan II

Anmol Jeevan II Policy Document  LIC’s Anmol Jeevan – II is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate demise. Benefits: Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable. Maturity…

New Jeevan Nidhi

 LIC’s New Jeevan Nidhi Plan   Policy Document (5 MB) LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting. 1.Benefits: Benefit…

Jeevan Tarun

LIC’s JEEVAN TARUN  Policy Document (4.2 MB)   LIC’s JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments…

New Jeevan Anand

New Jeevan Anand Policy Document  LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected…

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