Jeevan Mitra is an Endowment Assurance plan that provides greater financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the policy term. Jeevan Mitra Premiums: Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of […]
Jeevan Amrit Review
December 27, 2011 By 1 Comment
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. Jeevan Amrit Options: You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment. Jeevan Amrit Payment […]
Jeevan Kishore Plan Review
December 25, 2011 By 3 Comments
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 […]
LIC’s Money Back with Profit
December 25, 2011 By 1 Comment
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 […]
Endowment Plus Review
December 19, 2011 By 1 Comment
Endowment Plus is a unit linked Endowment plan From LIC. This offers investment along with insurance. Endowment Plus allows insured to choose the insurance cover within the limits, which will depend on the mode and level of premium. It comes with four funds and investors can invest their funds in any one of them. Premiums […]