January 27, 2012

LIC’s New Jeevan Ankur Scheme Details & Review

LIC’s New Jeevan Ankur Scheme‏ is a new children plan from LIC. In the past few years, we have a seen series of children life insurance plans in India. But if something is coming from the biggest life insurer in India then it has to be big. LIC New Jeevan Ankur is a conventional children life insurance plan but as it is backed by LIC which has got best claim ratio in the industry, is expected to gets good response from the people seeking children care life insurance policy in India.

∼ Continue Reading ∼

• • •

December 27, 2011

Jeevan Tarang

Jeevan Tarang is a with profits whole life plan from LIC. Jeevan Tarang provides annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.

∼ Continue Reading ∼

• • •

December 27, 2011

Jeevan Surabhi Review

Jeevan Surabhi plan is money back life insurance policy from LIC. Jeevan Surabhi is quite similar to other money back policies in the market from LIC and other insurance companies. But there are few differences like Maturity term is more than premium paying term.

∼ Continue Reading ∼

• • •

December 27, 2011

Jeevan Amrit Review

Under LIC’s Jeevan Amrit plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.

∼ Continue Reading ∼

• • •

December 25, 2011

Jeevan Kishore Plan Review

Jeevan Kishore is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grandparent. Jeevan Kishore is offered by India’s biggest life insurance company LIC.
Commencement of risk cover for Jeevan Kishore:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

∼ Continue Reading ∼

• • •

December 25, 2011

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.

∼ Continue Reading ∼

• • •

December 25, 2011

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:

∼ Continue Reading ∼

• • •

December 19, 2011

LIC’s Jeevan Arogya Review

LIC’s Jeevan Arogya is a health insurance plan. LIC has launched Jeevan Arogya targeting rapidly growing health insurance market in India. LIC being the biggest life insurance company in India is able to provide better services and claims to its customer. Jeevan Arogya is expected to be as good as other LIC products and its claim ratio is also going be as good as life insurance claim ratio.

∼ Continue Reading ∼

• • •