Jeevan Pragati Plan 838

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LIC is launching new plan Jeevan Pragati table no 838 on 3rd Feb 2016 

This is a non-linked, with-profits Endowment Assurance plan
The main feature of this Jeevan Pragathi plan is the ‘sum assured on death’ (part of death benefit) automatically increases after every five years during the term of the policy.


  • Minimum Basic Sum Assured (payable on maturity) : Rs. 1,50,000/-
  • Maximum Basic Sum Assured : No Limit (Maturity Sum Assured shall be in multiple of Rs. 10,000/- only)
  • Minimum Policy Term : 12 years
  • Maximum Policy Term  : 20 years
  • Minimum Age at entry for Life Assured : 12 years (completed)
  • Maximum Entry Age : 45 years (nearer birthday)
  • Maximum Age at Maturity for Life Assured : 65 years
  • Premium payment mode : Yearly, half-yearly, quarterly & monthly.
  • Accidental Death & Disability Benefit Rider is available on payment of additional premium.
  • Minimum Accident Benefit Sum Assured is Rs 10,000
  • Maximum Accident Benefit Sum Assured is an amount equal to the Basic Sum Assured subject to the maximum of Rs 1 cr.
  • Minimum entry age for the rider is 18 years.
Benefits under LIC’s Jeevan Pragati policy

Death Benefit under Jeevan Pragati Plan :
On death of the Life Assured during the policy term, the Death Benefit  which is ‘Sum Assured on Death’ + Vested Simple Reversionary Bonuses + Final additional bonus, if any, shall be payable to the nominee. The Sum assured on death automatically increases every fiver years. Where “Sum Assured on Death” is defined as the higher of
a) 10 times of annualized premium (or)
b) Absolute amount assured to be paid on death, which is as under;
i) During the first five policy years : 100% of the Basic Sum Assured.
ii) During 6th to 10th policy years : 125% of the Basic Sum Assured.
iii) During 11th to 15th policy years : 150% of the Basic Sum Assured.
iv) During 16th to 20th policy years : 200% of the Basic Sum Assured.

Maturity Benefit payable under LIC Jeevan Pragati Policy : On survival to the end of the policy term, the maturity benefit which is ‘Sum Assured on Maturity’ + Simple Reversionary Bonuses + Final Additional bonus (FAB) if any, shall be payable to the policy holder. Sum Assured on Maturity is equal to Basic Sum Assured.

Final Additional Bonus shall not be payable under paid-up policies..
The Bonuses shall be declared on the Basic Sum Assured.
The date of commencement of risk under Jeevan Pragati plan will be immediately from the date of issuance of policy.

MODE OF PREMIUM PAYMENT:  Yearly. Half Yearly. Quarterly, and Monti (ECS only or through salary deductions).


  • A grace period of one calendar month but not less than 30 days will be allowed for Quarterly, Half Yearly  and Yearly premium paid and 15 days for monthly mode of payment.
  • If the death of the Life Assured occurs within the grace period but before the premium then due, the policy will be treated as in-force and the benefits will be paid deduction of the said unpaid premium and also the unpaid premiums falling due before next policy anniversary
  • If premium is not paid before the expiry of the days of grace, the policy lapses.
  • If the Policy has not lapsed and the claim is admitted in case of death under the where the mode of payment of premium is other than yearly, unpaid premium(s).
  • The above grace period will also apply to rider premium as the rider premium is to be along with the premium of the base plan.

REBATES: The rebates for base plan are as under:

Mode Percentage

  • Yearly mode : 2% of tabular premium
  • Half-yearly mode : 1% of tabular premium
  • Quarterly and monthly mode : NIL
High Basic Sum Assured Rebate:

  • 1,50,000 to 2,90,000 : Nil
  • 3.00,000 to 4,90,000 : 1.50 % B.S.A
  • 5,00,000 to 9.90.000 : 2.00 % B.S.A
  • 10.00.000 and above : 2.25 %° B.S.A
जीवन प्रगति - तालिका नं. 838 ( एंडोमेंट प्लॅन )
योजना उपलब्ध : 3-2-2016 पासून
  • पाॅलिसी मुदत : 12 ते 20 वर्ष 
  • वय : 12 वर्ष (पूर्ण)  ते 45  वर्ष (NBD)
  • मॅच्युरिटी वय - 65 वर्ष 
  • वीमा रक्कम - 1,50,000 (10000 चे पटीत ) 
  • हप्ता भरणे प्रकार - YLY /HLY /QLY / ECS /SSS
  • उपलब्ध राइडर्स - अपघात व अपंगता हितलाभ 
  • पालिसी पर लोन उपलब्ध 
  • पालिसी बैक डेटिंग करू शकता 
  • मॅच्युरिटी वर - SA + BONUS + FAB (if any)
  • वीमा घेताच रिस्क कवर शुरू
  • मृत्यु संरक्षण -
    •  प्रथम 5 वर्षा चे आत  - 100% SA +BONUS +FAB (if any)
    • पाॅलिसी चे 6 ते 10 वर्षात 125% SA+BONUS +FAB (if any)
    • पाॅलिसीचे 11 ते 15 वर्षात 150% SA +BONUS +FAB (if any)
    • पाॅलिसी चे 16 ते 20 वर्षांत- 200% SA +BONUS +FAB (if any)
    • अपघाती मृत्यू करीता 1 SA आणखी

Jeevan Shikhar Plan 837

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Jeevan Shikhar launch planned for 11-Jan-2016 (Monday) . 
Tax compliant Single premium product. 
Will be available for sale up to 31-03-16.

JEEVAN SHIKHAR (Table No 837) Plan Highlights 
  • Non linked closed ended Single Premium Plan
  • Benefits on Death during first five year
  • On Non commencement of Risk refund of premium w/o interest. 
  • On commencement of Risk 10 times of tabular Single Premium. 
  • After five year of policy but before maturity 10 times of Tabular Single Premium plus Loyalty Addition, if any
  • Maturity Sum Assured along with Loyalty Addition if any. 
  • Age at entry: 8 yrs (comp) 45 yrs (NBD) 
  • Minimum MSA: Rs 1 lac
  • Maximum Sum Assured: No limit
  • Policy Term: 15 years
  • MSA multiple of Rs.20,000
  • Loan availability: 
    • after 3 months  55% to 85% of SV in different policy years below age at entry 35
    • after 3 months  35% to 85% SV in different policy years above age at entry 35
To know more about Jeevan Shikhar Plan 837 Features and Benefits
Jeevan Shikhar Plan 837 Features

Jeevan Shikhar Plan 837 Features

JEEVAN LABH Table No 836 - New LIC Plan

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  • This is a limited Premium Paying non linked with profit endowment plan
  • On Death - Sum Assured + BONUS + FAB (Final Addition Bonus) SA NOT LESS THAN 105% OF TOT PREMIUM PAID AS ON DATE OF DEATH.
  • Maturity Benefit- Sum Assured ON MATURITY + BONUS + FAB (Final Addition Bonus)
  • Min Age @ entry- 8 years completed
  • Max Maturity Age- 75 nbd
  • Term and Premium Paying Term - 16 (10), 21 (15), 25 (16)
  • Min Sum Assured 2 LAC. Then in multiplication of 10,000.
  • MAXIMUM Sum Assured - NO LIMIT
  • Commencement of Risk- Immediate.
  • Modes allowed - ALL With ECS & SSS.
  • Loan - Yes
  • Back dating allowed
To know more about Jeevan Labh

Calculate Premium for Jeevan Labh Plan
Jeevan Labh Premium Calculator

Jeevan Labh (Table No 836)

Sample Premium Calculation for 5 Lakh Sum Assured

Jeevan Labh

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