845 Jeevan Umang_English

You can called this plan a plan for 100 years. It is a plan which is a non-linked, with profit, whole life plan.


845 Jeevan Umang_Hindi

You can called this plan a plan for 100 years. It is a plan which is a non-linked, with profit, whole life plan.


It is the ideal combination of Whole Life and Money Back Plan. It provides an annual survival benefits after the end of premium paying term till maturity and maturity on attainment of age 100 Years, gives you basic sum assured along with vested bonus and final additional bonus, if any.

Yearly Returns in the form of Survival Benefit

It gives an 8 % Survival Benefit at the end of premium paying term, to take care of regular needs.

Life Time Financial protection against Death

In case of unfortunate demise during term, Sum Assured with Bonuses will be payable till age of 100 Years.

Profit Sharing till Maturity

Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.

Additional Accident Benefit

By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.


Plan Conditions -

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Minimum Age At Entry -90 Days (Completed)
Maximum Age At Entry -55 Years (NBD) For PPT -15 Years
50 Years (NBD) For PPT - 20 Years
45 Years (NBD) For PPT - 25 Years
40 Years (NBD) For PPT - 30 Years
PPT -15, 20, 25 and 30 years
Minimum Age at the end of the PPT -30 years (NBD)
Maximum Age at the end of the PPT -70 years (NBD)
Age at Maturity -100 years (NBD)
Policy Term -[100 -Age At Entry] years
Minimum Basic Sum Assured -₹ 2,00,000/-
Maximum Basic Sum Assured -No Limit
Mode of Payment -Yearly, Half Yearly, Quarterly, Monthly (NACH only), SSS

Basic Sum Assured shall be in multiples of ₹ 25,000/- only

Accidental Death and Disability Benefit Rider -

Minimum Entry Age -18 years (Completed)
Maximum Entry Age -The cover can be opted for at inception or at any policy anniversary thereafter, provided the outstanding premium paying term under the base plan is at least 5 years.
Maximum Cover Ceasing Age -70 years (NBD)
Minimum Sum Assured -₹ 10,000/-
Maximum Sum Assured -₹ 100 Lakh (Not exceed to the basic sum assured)

Sum Assured shall be available in multiples of ₹ 10,000/-

Accidental Death Benefit Rider -

Minimum Entry Age -18 years (Completed)
Maximum Entry Age -The cover can be opted for at inception or at any policy anniversary thereafter, provided the outstanding premium paying term under the base plan is at least 5 years.
                   
Maximum Cover Ceasing Age -Age at the end of premium paying term
Minimum Sum Assured -₹ 20,000/-
Maximum Sum Assured -₹ 100 Lakh (Not exceed to the basic sum assured)

Sum Assured shall be available in multiples of ₹ 5,000/-

New Term Assurance Rider -

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Minimum Entry Age -18 years (Completed)
Maximum Entry Age -55 years (NBD) for PPT - 15
50 years (NBD) for PPT - 20
45 years (NBD) for PPT - 25
40 years (NBD) for PPT - 30
Premium Paying Term -Same As Base Plan
Maximum Policy Term -35 years
Maximum Cover Ceasing Age -75 years (NBD)
Minimum Sum Assured -₹ 1,00,000/-
Maximum Sum Assured -₹ 25 Lakh (Not exceed to the basic sum assured)

Sum Assured shall be available in multiples of ₹ 5,000/-

New Critical Illness Benefit Rider -

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Minimum Entry Age -18 years (Completed)
Maximum Entry Age -55 years (last birthday) for PPT - 15
50 years (last birthday) for PPT - 20
45 years (last birthday) for PPT - 25
40 years (last birthday) for PPT - 30
Maximum Cover Ceasing Age -75 years (last birthday)
Maximum Policy Term -35 years
Premium Paying Term -Same As Base Plan
Minimum Sum Assured -₹ 1,00,000/-
Maximum Sum Assured -₹ 25 Lakh (Not exceed to the basic sum assured)

Sum Assured shall be available in multiples of ₹ 25,000/-

Benefit -


Death Benefit -

On Death before the Commencement of Risk -


An amount equal to the total amount of premiums paid without interest shall be payable


On Death after the Commencement of Risk -

"Sum Assured on Death" and vested simple Reversionary Bonuses and Final Additional Bonus if any shall be payable. Where "Sum Assured on Death" is defined as the highest of -

                10 times of annualised premium; or

                Sum Assured on Maturity; or

                Absolute amount assured to be paid on death, i.e. Basic Sum Assured.
          

This death benefit shall not be less than 105% of all the premiums paid as on date of death.


Survival Benefit -

On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year.


Maturity Benefit -          

All due premiums have been paid, "Sum Assured on Maturity" along with vested Simple Reversionary Bonuses and Final Additional bonus, if any shall be payable. Where "Sum Assured on Maturity" is equal to Basic Sum Assured.