LIC Insurance policy

LIC Insurance policy

LIC Insurance policy List

  1. Jeevan Anand
  2. Jeevan Lakhshya
  3. Jeevan Labh
  4. Jeevan Akshay VI
  5. Jeevan Shiromani
  6. Cancer Cover

1. Jeevan Anand

Basic sum assured Simple reversionary bonus and final additional bonus(FAB) paid as the lump sum at the end of the policy term in case of survival of the policyholder and sum equal to Sum Assured at the time of death.  If a policyholder dies during the policy term, Sum assured, Bonus and FAB are paid.more

2. Jeevan Lakhshya

Sum Assured(SA) on Maturity along with vested Simple Reversionary Bonuses and Final Additional
Bonus, if any, shall be payable as survival benefit.

If death occurs during the policy term, 10% of the sum assured is payable until the end of the policy term. No need to pay the premium by the nominee. At the end of the policy term, SA +Bonus + FAB paid.More

3. Jeevan Labh

Maturity Benefit: On Life Assured surviving the stipulated Date of Maturity provided the policy is in force, Sum Assured on Maturity along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable

Death Benefit: On the death of the Life Assured before the stipulated Date of Maturity provided the policy is in force, then Death Benefit, defined as the sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as higher of Absolute amount assured to be paid on death i.e. Basic Sum Assured or 10 times of Annualized Premium. This Death Benefit shall not be less than 105% of the total Premiums paid excluding extra amount if charged under the policy due to underwriting decisions and Rider Premium(s), if any, as on date of death. for more details LIC Jeevan Labh

LIC Jeevan Anand

On Life Assured surviving at the end of the Policy Term (i.e. on maturity) provided the policy is in full force by paying up-to-date premiums:

Basic Sum Assured along with vested simple reversionary bonuses and Final Additional
bonus, if any, shall be payable. For more details LIC Jeevan Anand.

LIC Jeevan Akshay VI

LIC Jeevan Akshay VI Plan is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the lifetime of the annuitant. Various options are available for the type and mode of payment of annuities. read more LIC Jeevan Akshay VI

LIC Cancer Cover

LIC cancer care is a non-linked, regular premium payment health Insurance plan which provides fixed benefit in case the Life Assured is diagnosed with any of the specified Early and/ or Major Stage Cancer during the policy term, subject to certain terms and conditions.

The plan has two benefit options which have to be chosen by the proposer at the outset. The premium rates will vary depending on the option chosen. more LIC cancer cover

LIC Jeevan Shiromani

LIC Jeevan Shromani 947 is a limited premium, non-linked, with profits; money back Plan with built-in critical illness benefits.
Guaranteed additions will accrue @`50 per 1000 of Basic SA for first 5 years and @`55 per 1000 of
Basic SA from 6th year onwards until the end of premium paying term.
Loyalty additions are also payable from 6th year onwards. more about LIC Jeevan Shiromani