Sunday 28 June 2015

LIC NEW MONEY BACK PLAN-20 YEARS



LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

Eligibility Conditions and Other Restrictions:
Minimum Basic Sum Assured                     :   Rs. 100,000
Maximum Basic Sum Assured                    :   No Limit
(The Basic Sum Assured shall be in multiples of Rs. 5000/-)
Minimum Age at entry for Life Assured       :  13 years (completed)
Maximum Age at entry for Life Assured      :  50 years (nearest birthday)
Maximum Maturity Age for Life Assured     :  70 years (nearest birthday)
Term                                                           :  20 years
Premium paying term            (PPT)              :  15 years
Premium paying modes:                   Yearly, Half-yearly, Quarterly and Monthly mode.

Saturday 20 June 2015

Reliance Child Education Plan



Reliance Life Insurance Company launched a new child insurance plan - Reliance Education Plan. This Plan is a non-linked, non-participating, specialist child insurance plan that provides assured payouts for financing a child's education and securing their future. This plan helps parents save for child's career milestones and provide them with the security of future income.

  • Guaranteed achievement of your child’s future dream: Receive guaranteed benefits at maturity of the policy, even in your absence 
  • Choose your benefit Payout Option
    1. Self Starter: A single lump sum for your child’s ambition
    2. Post Graduation Degree: 2 annual payouts for your child’s post-graduation
    3. Professional Degree: 4 annual payouts for your child’s professional degree
    4. Career Starter: 5 annual payouts to fund your child’s higher education and provide a career launch pad

Thursday 18 June 2015

LIC JEEVAN RAKSHAK



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 the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.

Eligibility Conditions and Other Restrictions:
Minimum Basic Sum Assured per life*        :   Rs. 75,000
Maximum Basic Sum Assured per life*       :   Rs. 200,000
(The Basic Sum Assured shall be in multiples of Rs. 5000/-)
Minimum Age at entry                                  :  8 years (completed)
Maximum Age at entry                                 :  55 years (nearest birthday)
Minimum Policy Term                                   :  10 years
Maximum Policy Term                                  :  20 years
Maximum Age at Maturity                            :  70 years (nearest birthday)
Premium paying modes:             Yearly, Half-yearly, Quarterly and Monthly mode.