BIMA DIAMOND Plan 841 Features

LIC Launched new Plan BIMA DIAMOND, Plan 841

Bima Diamond Plan Features

Sum Assured:
Minimum - 1 lakh
Maximum - 5 Lacs

Age at entry:
Minimum: 14 completed
Maximum: 50 lbd

Term: 16, 20 and 24 years

Survival Benefit:
15% at 4th, 8th, 12th year for term 16 years.

15% at 4th, 8th, 12th, 16th year for term 20 years.

12% at 4th, 8th, 12th, 16th, 20th year for term 24 years.

Maturity: Sum Assured less Survival benefits with Loyalty Addition.

Death Benefit:
First 5 years - Sum Assured
After 5 years - Sum Assured + Loyalty addition.

Extended Cover after Maturity:

8 years for 16 years term policy

10 years for 20 years term policy

12 years for 24 years term policy

Loan: Available

Auto Cover:
For 3 to 5 years premium paid - 6 months from FUP

For more than 5 years premium paid - 2 years from FUP.

Accident rider, Term rider & Disability benefit rider available.

एलआयसीची नवीन योजना सुरू होते.

 टेबल क्र.841

विमा डायमंड

प्राथमिक विवरण

किमान विमा रक्कम: 1 लाख

जास्तीत जास्त : 5 लाख

किमान वय :14 वर्षे

कमाल वय: 50/45/41 वर्षे

मोफत विस्तारित (Extended) कव्हर: मुदतीच्या अर्धे

     

* पॉलिसी टर्म *

16 वर्षे - पीपीटी 10 वर्षे 

20 वर्षे - पीपीटी 12 वर्षे

24 वर्षे - पीपीटी 15 वर्षे

16 आणि 20 वर्षे टर्म मध्ये मनी बॅक परतावा:- प्रत्येक 4 वर्षांनी विमा रक्कमेच्या 15% आणि 24 वर्षे टर्म साठी विमा रक्कमेच्या 12%

टीप : ही योजना फक्त 31 आंगस्ट17 पर्यंत उपलब्ध  राहीन.

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LICs New BIMA Diamond Plan - Money Back Plan 841

New Plans Name – BIMA DIAMOND PLAN, Table No 841

BIMA Diamond Plan Features – It’s thrice as nice, With Triple Advantage

• Money Back – Every 4th Year
• Extended Protection – Half of the Policy Term after lapsation of Policy Term
• Auto Cover Option – On a policy of at least 5 full years on which subsequent premium is not dully paid, Auto Cover period of 2 years available.
• Minimum Sum Assured – 1,00,000 (1 lac)
• Maximum Sum Assured – 5,00,000 (5 Lacs)
• Premium Paying Term – 16/10, 20/12, 24/15
• Minimum Age at Entry – 14 Years Completed

Launching the “Bima Diamond plan” on the occasion of the 60th year/Diamond Jubilee celebrations of LIC

LIC launches new plan table no. 841

*BEEMA DAIMOND PLAN FEATURES & Details*
Minimum SA. – 1 Lac
Maximum SA. – 5Lac
Minimum age – 14 yrs Completed
Max age – 50 years

Free extended cover is half of the term

Policy Term
16 yrs PPT is 10 yrs
20 yrs PPT is 12 yrs
24 yrs PPT is 15 yrs

Survival Benefit:
15% at 4th, 8th, 12th year for term 16 years.
15% at 4th, 8th, 12th, 16th year for term 20 years.
12% at 4th, 8th, 12th, 16th, 20th year for term 24 years.

Maturity: Sum Assured less Survival benefits with Loyalty Addition.

Death Benefit:
First 5 years – Sum Assured
After 5 years – Sum Assured + Loyalty addition.

Extended Cover after Maturity:
8 years for 16 years term policy
10 years for 20 years term policy
12 years for 24 years term policy

Loan: Available

Auto Cover: For 3 to 5 years premium paid – 6 months from FUP

*Note* This plan is available up to 31.8.17 only.

For more than 5 years premium paid – 2 years from FUP.
Accident rider, Term rider & Disability benefit rider available.

Bima Diamond Plan 841 Premium Chart

Bima Diamond 841

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Jeevan Pragati Plan 838

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.

ELIGIBILITY CONDITIONS AND RESTRICTIONS:

• 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).

GRACE PERIOD FOR PAYMENT OF PREMIUM:  

• 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

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