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Lic Insurance Plans

For list of Lic Premium calculators click on  Lic Premium Calculator 

 

Term Insurance:-

Term insurance plan is the most basic plan and simplest form of insurance offered by the life insurance industry. In this Term insurance plan the life insurance company promises to pay a specified amount (sum insured or death benefit ) if the insured dies during the Term of the plan. If the life insured survives he entire duration of the plan then they will not be entitled to anything, meaning that there is no maturity benefit with such policies.
So in short, Term insurance plan offers only death cover in the event of the death of the life insured during the period of the plan.
Plans Under Term Insurance:-

  1. LIC’s Anmol Jeevan II

  2. LIC’s Amulya Jeevan II

 

 

Whole Life Insurance:-

A term insurance plan with an unspecified period is called a whole life plan. Some plans also have a savings element to them. The insurance company declared bonuses for these plans based on the returns earned on investments.

As the name of the plan specifies, this plan covers the individual throughout their entire life.

 

Plans Under Whole Life Insurance:-

 

Yet to be Released

 

 

Endowment Insurance:-

An endowment insurance plan is basically a combination of a term insurance plan and a pure endowment plan. It offers death cover if the life insured dies during the term of the policy or survival benefit if the life insured survives until the maturity of the policy. 

Plans Under Endowment  Insurance:-

  1. Single Premium Endowment Plan

  2. New Endowment Plan

  3. New Jeevan Anand

 

 

Child Insurance:-

Child insurance plans help parents to save for their Children’s Future Financial needs such as education, marriage etc.

Child insurance plans offer the dual benefit of savings along with insurance.

 

Plans Under Child Insurance

 

Yet to be Released

 

 

Money Back Insurance:-

  • Money back insurance plans combine the dual benefits of savings and insurance, and are somewhat similar to endowment plans in terms of features.
  • In endowment plan, the policyholder receives the maturity benefit at the end of the policy term.
  • However, in money back insurance plans/policies ‘partial survival benefits’ are paid to the policyholder during the term of the policy at specific intervals.

 

Plans Under Money Back Insurance

  1. LIC’s NEW MONEY BACK PLAN – 20 YEARS

  2. LIC’s NEW MONEY BACK PLAN – 25 YEARS

  3. LIC’s NEW BIMA BACHAT

 

Pension Plans:-

An annuity is a series of regular payments from an annuity provider (insurance company) to an individual (called the annuitant) in return for a lump sum (purchase price) or installment premiums for a specified number of years.

According to the manner in which the purchase price is paid, annuities can be either:

  • An immediate annuity
  • A deferred annuity

 

Plans Under Pension Plan

  1. Jeevan Akshay-VI

  2. LIC’s New Jeevan Nidhi

 

 

Health Insurance:-

A Health insurance plan is mandatory for everyone in this present world. Present days one of the  highest expense of individual is medical and hospital bills. Lic released health insurance plans by paying little amount of 2000 to 3000 he can cover his life. main difference between general insurance health plans and lic health plan is in lic health plans in single policy you can include your parents,grandparents, children,wife.

 

Plans Under Health Insurance:-

  1. LIC’s JEEVAN AROGYA

 

 

ULIPS:-

The ULIP is a type of insurance plan where the cash value of a policy varies according to the current NAV of underlying investment assets.

ULIPS Separate the two element viz., Savings and Insurance within the same product and manage them separately.

Plans Under ULIPS:-

  1. LIC’s

  2. LIC’s

 

 

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 Lic Insurance Plans
Hi friends, Here you can get knowledge on life insurance policies mainly insurance policies provided by LIC of india
 Lic Insurance Plans

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30 comments

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  1. Ramakrishna

    Hello Vijay,

    my policy number 616377748 . Plan 165 term 35 YLY Premium 25,221.00
    I want to close this policy. please let me know Surrender Value .

    1. vijay kumar

      Policy Number : 616377748
      Plan Number : 165
      Surrender Value : 22699.00

      1. Ramakrishna

        Hello Vijay . thank you for the info. i have paid almost 75,000 in last 3 year. should i need to wait another 2 year to complete 5 year or 7 year to complete 10 . At least to get the amount which i have paid as an Premium. thanks for letting me know this.

      2. Ramakrishna

        Policy Number : 616377748
        Plan Number : 165
        Surrender Value : 22699.00

        if i surrender now i will be on loss around 75k . Should i wait to complete 5 year or 10 atleast to get the amount which i have paid as an premium.

  2. anuj kumar

    Can u get me the maturity date of my lic policy no 252641946.

    1. vijay kumar

      surrender value is

      Policy Number : 252641946
      Plan Number : 106
      Surrender Value : 47235.00

      maturity value Lic Maturity Calculator

  3. ruchi

    HI Sir,

    I ruchi goyal booked a lic policy number 117440159 , premium 4032 on 30/03/2013.Due date 28.03.2043.
    I paid premium for 1st year then from last 5-6 months , i am not paying premiums.I want to stop this policy get my money back around 50 k which i deposited.
    Please tell me the steps.

    Thanks,
    Ruchi

    1. vijay kumar

      if you want to revival the policy
      Policy Number : 117440159
      Plan Number : 165
      Premiums not paid since : 28/02/2014
      No of Installments due : 8
      Installment Premium : 4032.00
      Total Premium Amount : 32256.00
      Late payment charges : 1414.00
      Total Revival Amount : 33670.00
      Revival quotation valid till : 27/10/2014

      if you want to surrender the policy you will get
      Policy Number : 117440159
      Plan Number : 165
      Surrender Value : 0.00

  4. Ullas

    Instead of Jeevan Saral you can go for Jeevan Anand

  5. ராம்

    எல் ஐ சி

  6. rajesh kumar

    how much discount on first premium of Jeevan rakshak plan . and also tell me it is same in all policy or might bo changed

  7. sehajpal singh

    Good day sir,
    i want to know about new jeevan saral policy. Will it come? and when?
    Or any other equivalent policy for 5000-6000 rs/month primium.

  8. Shrikant Ajansondkar

    I would like to know how to get details of loan balance against policy.

    Is there any helpline number or on-line way?

    Thanks in advance.

    Shrikant A.

    1. vijay kumar

      Lic Help Line Numbers

  9. madhusridhar

    My lic policy No.704915376. commencement date is 08-10-2009. plan 191 market plus -I . what is status of my policy? can u reply to my mail id ?

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