After discontinuation of many popular insurance plans from lic of india, lic has launched couple of new plans in 2016 and they also relaunched few of the old plans with new names and modification. The transfer will be effected only if full first years premium is. Are you lookin for any of the following lic policies. Which is best lic policy with high return and risk cover.
You can buy lic policy online by just leaving your details in the enquiry form, our team will get in touch with you. Jan 07, 2016 as usual, lic is launching a limited period plan called jeevan shikhar table no. Lic jeevan pragati plan lic new plan 838 key features, benefits. Lic s new money back plan20 years is a participating nonlinked 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.
One of them is lic new money back plan20 years plan that benefits the policy holder in many ways. Click on the image to open it new browser window latest lic policy. Lics term assurance plans provide life insurance protection for the insured at a minimal premium charge. Life insurance corporation of india new money back plan. My cutomer want loan cum revival but lic system was not acceped till the 15 days i try cidco 98j branch and parbhani 985 branch, please resolve the problem. New bima bachat 816 new money back plan 20 years 820 new money back plan 25 years 821 children money back plan 832 jeevan tarun 834 bima diamond 841 childrens. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders.
Generally money back plan premiums are little higher comparing to other traditional lic plans. Some major changes are going to happen in life insurance industry from jan 1, 2014, especially in traditional policies like endowment plans, moneyback plans and even ulips. Hence, i assume that you are talking about some changes that are possible, as listed below. Lic money back policies offer regular payments of survival benefits at specific intervals during the policy term. Lic policies will assure a financial security for you also your family in any unfortunate events. The life insurance corporation of india lic is a stateowned insurance group and investment company. The reason is to trap the tax saving salaried individuals.
Jan 04, 2014 lic s new endowment plan is a participating nonlinked plan which offers an attractive combination of protection and saving features. Financial security through regular income life insurance corporation of india offers best pension plans in india. You have to pay the premium for every policy term in lic endowment plans to get all the benefits available under this plans. Life insurance corporation of india lic of india is the only public sector life insurance company in india. Apply lic policy online lic investment plans online. Apr 01, 2016 about lic new endowment plan premium calculator. I have listed down the important features of lic of indias new plans that are launched in 2016 along with my recommendations whether to ignore a plan or to buy.
Lic managing director a k dasgupta said that in view of the favourable conditions, it is the right time for lic to introduce new products. A lot of lic policies pay you on a periodic basis like at the end of 4th, 8th and 12th year, and then finally at the end of the maturity period. Eligibility the policy having a term ranging from 12 to 20 years is open. This will be available from january, 2016 to the maximum period of 120 days. Lic limited premium endowment calculator policy dunia. I have a team of insurance experts who always suggest the best lic plans to our clients and explain them complete process of lic policy from the application till the maturity. It is the largest insurance company in india with an estimated asset value of rs 1,88,3018. Lic new jeevan nidhi plan has been withdrawn by lic and is not available for sale and purchase. Lic pension plan invest in best retirement plan get high. Best lic highest return policy in india bankbazaar. F riends, here is the list of insurance plans provided by the life insurance corporation of india lic.
Lic new jeevan nidhi plan is one of the most efficient deferred annuity plans with a bonus. I tried to compile lic 2014 new plans list in this article. Lic, the state owned insurance company was founded in the year 1956 with an aim to. A new insurance policy, jeevan pragathi, was launched by lic senior divisional manager g. In this post i have tried to list down the important features, details and my recommendations on all lic new plans that are launched in 201920. Policy can be taken for anyone between 8 to 55 years of age and can be continued till 75 years of age. Each individuals insurance needs and requirements are different from that of the others. He is a finance, insurance and software consultant with more than 18 years of experience in these fields. This policy has been closed, new policy lic jeevan amar 855 is available.
Age calculator calculate your exact age for lic plans. Lic insurance plans pdf download friday, may 10, 20 lic aao recruitment special, lic ado recruitment special 12 comments. Lic offers a wide range of life insurance policies designed to provide higher returns. You will also have an option to select policy term in lic endowment plans.
Lics new jeevan anand plan is a traditional savings cum and insurance protection plan. Lic new endowment plan is a nonlinked life insurance policy which offers guaranteed returns and bonus. The countrys largest insurer, lic has plans to launch four new insurance policies in the market. There many different policy plans in lic along with these plans also there is available one more plan for you that is gifts your child bright future plan. Apply online here for an lic life insurance policy. Different types of lic policy plans and its advantages. Established in 1956, the life insurance corporation of india offers a variety of insurance products to its customers such as insurance plans. Feb 03, 2014 lics new plan 2014 anmol jeevan 2 table no. From january 2018 to tilldate nov 2019, lic has launched two endowment insurance plans, one offline term insurance plan and one on. Get returns 50 lakhs or more by investing only 5,000 per month. By paying a small insurance premium, the insured can protect the financial security of his or her family. Lics new money back plan20 years is a participating nonlinked 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.
Lics jeevan utkarsh is a nonlinked, with profits, saving cum protection plan in which risk cover is 10 times the single premium. Lic new endowment plan premium calculator policy dunia. Jan 03, 2014 lic agent has given me a new policy new endowment plan with profits in november, 2014. Lics new plan 2014 new endowment plan 814 circular. Age calculator for lic plans, calculate your exact age which will be applicable for lic plans, check eligibility for lic plans. So, we thought of easing this for you and bring the best 5 policies offered by life insurance corporation of india. Lic new endowment plan lic new endowment plan table no 814 features. As per the guidelines of irda the lic money back policy 25 years 821 plan was released on 6th january 2014.
Five lic endowment plans, four lic moneyback plans, four lic term insurance plans and one. So before buying lic limited premium endowment policy 830, please refer lic limited premium endowment maturity calculator or lic limited premium endowment calculator which gives you brief idea about lic limited premium endowment policy. You will surely have a lic policy or any other private sector traditional plans or might buy them in coming times. Lics new plan 2014 new endowment plan 814 circular lic s new endowment plan is a participating nonlinked plan which offers an attractive combination of protection and saving features. Age for the most of the lic policies are considered according to nearest birthday, for example, if a person is 26 years, 5 months and 23 days old then hisher age will be counted as 26 years but if it is 26 years, 6 months and 23 days, then hisher age will be counted as 27 years.
Jan 06, 2014 lic s endowment plan 814 is a participating nonlinked plan which offers an attractive combination of protection and saving features. Lics endowment plan 814 is a participating nonlinked plan which offers an attractive combination of protection and saving features. List of all latest lic of india insurance policies. Lic has life insurance plans which suit various requirements like life cover, saving, child education, retirement, investment, tax saving etc, some of the famous policys are provided below. Lic plans to launch 4 new insurance policies in the market.
New jeevan anand plan is one of the best plan in lic, which offers an attractive combination of protection and savings. It is also an endowment policy but not a single premium plan. I have provided the basic features of all new lic policies that were launched in 2014. Lics new plan 2014 new endowment plan 814 circular lics new endowment plan is a participating nonlinked plan which offers an attractive combination of protection and saving features. Buy zenith ready reckoner all lic plans with lic premiums. The changing nature of our world and family set up is pushing everyone to seriously look at how to fulfill financial needs after retirement.
Lic new endowment policy plan no 814 was introduced on 3rd january 2014. The lic new endowment plan is a must to avail plan considering the many benefits it offers to the customer. Lic limited premium endowment calculator plan no 830 also gives you the details about simple reversion bonus and final additional bonus. Lic new endowment policy 814 is an endowment policy where sum assured along with vested simple reversionary bonus and final additional bonus will be paid to the policyholder, at the end of the policy term. Lic jeevan ankur new best child plan from lic of india help save for your child future and give income tax saving upto rs 100,000 under section 80c. The kyc documents required to complete a life insurance policy are. After 3 yrs, if you surrender your lic policy, still you will only get a small. Lic new endowment planone of the best policy by lic india. Best lic plans to invest in 2020 latest high return plans. Policy can be transferred to lic of india on repatriation of the policy holder to india. Lic launches a longterm endowment policy jeevan umang, that covers up to 100 years and offer a combination of income, protection including an assured 8% annual return. This unique combination provides financial support for the family of the deceased policyholder any time before. Kindly advice the procedure how i can surrender the policy at the earliest please.
This plan continues to provide coverage till the death of the insured even after the maturity of the plan. Money plusi lic policy, mortgage redemption lic policy, new bima gold lic policy, new janaraksha plan lic policy, new jeevan dharai lic policy, new jeevan surakshai lic policy, profit plus lic policy, shiksha sahayog yojana lic policy, the convertible term assurance policy lic policy, the endowment assurance policy lic policy, the. Lic has a huge range of products to offer and it often becomes difficult to choose the right fit. The plan falls under nonunitlinked insurance pension plan category.
Lics new money back plan 20 years, lic new plans policy2014. New jeevan akshay vi 189 new jeevan nidhi 818 single premium. Jan 25, 2017 we welcome you as prospective customer to our online customer service platform. Lic is the most trusted brand when it comes to life insurance. As usual, lic is launching a limited period plan called jeevan shikhar table no. Lic new endowment plan is offers guaranteed returns with protections because it is not a nonlinked life insurance plan means not related to market. We have picked this data from various lic websites. Lic new policy 2014, lic new plans 2014 new policies in lic, lic new policy, new lic polic, lic new policy, lic new policy launch, lic new policies, new lic policy details, lic new money back policy, new lic policy scheme, lic s new policy, lic of india, money back policy lic s new bima gold plan no. Lic has launched 4 new plans in the calendar year 2019 till date. The policy holder can choose the amount of premium heshe wishes to pay for the policy.
Life insurance corporation of india or lic has several products under its hat, which includes term and endowment insurance products as well as pension plans and whole life plans for the people to choose from. It was founded in 1956 with the merger of more than 245 insurance companies and provident societies. Compare now top performing investment plans with zero commission. Life insurance corporation of india is to launch two new policies on wednesday an investment oriented insurance plan and a money back plan with a guaranteed addition. The lic agent has not given any rebate of annual premimum. The application makes it easy and simple for insurance agents to explain various plans such as new jeevan anand plan no 815 new bima bachat plan no. I have also given my recommendation on all these plans. Lics insurance plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. First, you change the mode of payment, change nomination, reduce term. Lic new endowment plan with guaranteed returns, details key. Participating marriage education plan lic international.
You notice the lic history, they always launch limited period endowment plans in january and closes in march. It is a nonlinked life insurance policy that offers guaranteed returns and bonus. Lic new plans lic new policy new lic plans new lic policy. Life insurance corporation of india insurance plan. December 2016 for updated information, please visit. He thoroughly follows developments in insurance and finance. Lic whole life policy plan no 1 and 2 are actually started in the year 1986 by lic of india and policy got withdrawn in the year 2002. This plan will be available for sale from 06092017 up to 31032018. In this plan, premium needs to be paid for the entire policy tenure. The major possibilities is that increasing the surrender value for the policy holder. New endowment plan 814 new jeevan anand plan 815 jeevan lakshya plan 833 jeevan labh plan 836 jeevan pragati plan 838. Apr 09, 2018 lic new plans list launched in 2016 snapshot. Life insurance corporation of india new money back plan20. Best 5 lic policies to invest in 2020 policybazaar.
Aug 12, 2019 i tried to compile lic 2014 new plans list in this article. Lic s insurance plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. Service tax introduced in lic policy premium, 2014 including service tax in the premium. Unique identification of lics bima diamond plan is 512n3v01. Residence proof ration card, election card, electricity bill, water bill, telephone bill, credit card bill, bank passbook, driving license, rent agreement, passport etc. Children money back plan 832 jeevan tarun 834 whole life. Lic policy details get detailed explanation of all lic. The changing nature of our world and family set up is pushing everyone. 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.
In lic whole life policy, premiums are payable for minimum of 35 years from the date of commencement of policy or till attaining an age of 80 yrs. The following plans by lic provide you with the maximum benefits jeevan akshay vi, new childrens money back plan, new endowment plan, new money back plan 20 years. Different types of lic policy plans lic policy status. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the. Jul 11, 2016 lic new jeevan mangal plan 840 features, benefits, details of new lic term plan. One of such popular lic policy was jeevan anand plan which was reintroduced later a lic new jeevan anand plan. Lic of india has launched its new single premium, closedended plan jeevan utkarsh, plan no. Any person can take lic new endowment plan for minimum 12 years and maximum 35 years. Lic new money back policy 25 years is a nonlinked insurance plan which provides benefits and bonus at the end of the policy term or sudden death of the life assured. Lic bima diamond plan 841 features, benefits, details of new money back plan.
As this is the new version of existing plan, i am just updating the changes. Lic launches new insurance policy with 8% assured annual. Jan 03, 2017 after discontinuation of many popular insurance plans from lic of india, lic has launched couple of new plans in 2016 and they also relaunched few of the old plans with new names and modification. Lic agent has given me a new policy new endowment plan with profits in november, 2014. This is a plan designed to take care of the future expenses of higher education or marriage of your child. The policy can be availed for duration of 12 to 35 years. Lic endowment policy provides financial support to the family members of the policy holder at any time during the policy period.
89 1562 684 1038 1463 1350 704 1453 1334 63 852 890 629 19 444 557 356 332 110 440 1130 727 461 943 934 729 456 214 763 23 432 1487 667 1487 445 223 472 13