ICICI Pru LifeLink Wealth SP

ICICI Pru LifeLink Wealth SP is a unit linked insurance policy from icici prudential insurance company. It is a single premium insurance policy which means that you will pay one time premium at the time of purchasing this policy. Like other ULIP policies, you will get investment along with life insurance cover.

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ICICI Pru LifeTime Premier

ICICI Pru Life Time Premier is a unit linked insurance plan from the icici prudential life insurance company which offers portfolio strategies for achieving long term investment objectives along with providing life insurance cover with the policy.

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Komal Jeevan

Komal Jeevan  is a Children’s Money Back Plan that offers financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grandparent for a child aged 0 to 10 years.

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LIC’s Jeevan Anand

LIC’s Jeevan Anand plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection in the event of 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.

LIC’s Jeevan Anand is a with-profit plan and participates in the profits of the Corporation’s life insurance business. LIC’s Jeevan Anand policy gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year for Jeevan Anand .  Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period for LIC’s Jeevan Anand policy.

Benefits in case of death during the selected term for LIC’s Jeevan Anand policy:

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LIC’s Money Back with Profit

LIC’s Money Back with Profit policy provides periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive. In the case of a 20-year Money-Back Policy (Table 75), 20% of the sum assured becomes payable each after 5, 10, 15 years, and the balance of 40% plus the accrued bonus become payable at the 20th year.

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LIC’s Pension Plus

LIC’s Pension Plus is a unit linked deferred pension plan, which provides you a minimum guarantee on the gross premiums paid. The plan is without any life cover.

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Bima Nivesh 2005

Bima Nivesh 2005 is a plan with compound rate of guaranteed additions and loyalty additions. This is the revised version of Bima Nivesh Plan 2004. Bima Nivesh 2005 was launched to capitalize over the demand for a single premium plan from our customers. It is a single premium and investment plan for those who have no regular income but good periodical income. Bima Nivesh 2005 is available for terms 5 and 10 years. The guaranteed surrender value is payable after the policy has run for at least one year. Term Assurance Rider is also available by payment of a single premium at the option of the proposer.

Bima Nivesh 2005’s Guaranteed Additions : Guaranteed additions at the compound rate of Rs.50 per thousand Sum Assured per annum for the policy with term of 5 years and at the compound rate of Rs.55 per thousand Sum Assured per annum for the policy with term of 10 years.

Bima Nivesh 2005’s Loyalty Addition : Depending upon the Corporation’s experience with regard to mortality, interest and expenses and based on term of the policy, Loyalty addition, if any, may be declared by the corporation and paid on maturity.

Bima Nivesh 2005’s Maturity Benefit : The Basic Sum Assured along with compounded Guaranteed Additions will be payable.

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HDFC Standard’s Premium Guarantee Plan

HDFC Standard’s Premium Guarantee Plan is an insurance plan that comes with twin advantage of protection and return of premiums on maturity. So, you can enjoy life knowing that your family financial independence is secure even in your absence. And your premiums are yours on your survival at maturity.

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HDFC Term Assurance Plan

HDFC Term Assurance plan is a specially designed term plan from hdfc standard life insurance company. The plan does this by providing a lump sum to the family of the life assured in case of death or critical illness (if option is chosen) of the life assured during the term of the contract. One can choose the lump sum that would replace the income lost to one’s family in the unfortunate event of one’s death. This helps your family to maintain their financial independence, even when you are not around.

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HDFC Life Click 2 Protect

HDFC Life Click 2 Protect is a term insurance plan which can be bought online. HDFC Life Click 2 Protect plan’s USP is its online availability. New, young & tech savy customers are looking for an option where they purchase life insurance policies online and hdfc is targeting them through this policy.

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Birla sun life’s Premium Back Term Plan

Birla sun life’s Premium Back Term Plan is term insurance plan which is quite similar to Birla’s other term insurance plan but it offers a additional benefit of premium back at the end of the policy term. Due to premium back benefit, premium rates for this policy are a bit higher than term insurance policy of Birla Sun Life.

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