1. PPT On New PLans

2. LIC’s NEW ENDOWMENT PLAN
TABLE NO. 814

3. Table No 814-New Endowment
(1 ) Age at entry has been reduced :(8 yrs to 55 yrs ).
(2) Policy term modified : ( 12 to 35 yrs ) .
(3) Min Sum assured is : ( 1 Lac) .
(4) All modes of Prem Payment : ( allowed ) .
(5 ) Maturity benefit :– No change .
(6) Death benefit : –BSA or 10 times of annualized Prem , whichever is higher + Bonus+ FAB ( death benefit will not be less than 105% of total Prem Paid)
(7) Loan / SV : ( Not much change ) .
(8) Revival : ( within 2 yrs of FUP ) .
(9) Service Tax – to be born by Policyholder.

4. Other Important Points
(1 ) Agents commission:–
Policy term st yr & 3 yr Subsequent yr
12 to % % %
15 & above % % %
Bonus commission :- 40% of 1st yr comm .
(2) DOs credit :-
12 to 14 yrs term – 60%
15 yrs & above term – 100%
(3) Lower ages Prem slightly increased .
(4) Higher ages and Max term: ( Prem less even after inclusion of S.tax hence return in higher ages improved) .

5. Gist of Premium rate comparison between Table 14 & 814
Premium Reduced in Plan 814
From Age 44 to 55 Yrs. premium rates have reduced for Any Term.
For Term 34 and above premium rates reduced FIRST Time at Age 24.
Highest reduction in premium rate is 9.65 per thousand S.A. at Age 55 for term 20 Yrs.
Premium Increased in Plan 814
Highest increase at Age 20 & 21 for Term 12 Yrs. by 1.90 per thousand S.A.

6. LIC’s NEW MONEY BACK PLAN
TABLE NO. 820 & 821

7. NEW MONEY BACK PLANS TABLE 820 & 821 PARTICULAR
PLAN 820 – NEW MONEY BACK 20 YEARS
PLAN 821 – NEW MONEY BACK 25 YEARS
ENTRY AGE
13-50 YEARS
13-45 YEARS
MAX MTY AGE
70 YEARS
70 YEARS
POLICY TERM
20 YEARS
25 YEARS
PREM. PAYING TERM
15 YEARS
MIN. S.A.
1,00,000
SURVIVAL BENEFIT
20% OF SA AFTER 5TH , 10TH & 15TH YEAR
15% OF SA AFTER 5TH , 10TH 15TH & 20TH YEAR

8. NEW MONEY BACK PLANS TABLE 820 & 821
PARTICULAR
PLAN 820 – NEW MONEY BACK 20 YEARS
PLAN 821 – NEW MONEY BACK 25 YEARS
MATURITY BENEFIT
40% OF SA + BONUS+FAB
DEATH BENEFIT
1.25XBSA OR 10XANNUALISED PREM, WHICHEVER IS HIGHER + BONUS + FAB (DEATH BENEFIT WILL NOT BE LESS THAN 105% OF PREM PAID)
LOAN/S.V.
AVAILABLE AFTER 3 YEARS
REVIVAL
WITHIN 2 YEARS OF FUP
SERVICE TAX
BY POLICY HOLDER

9. 20yrs & 25 yrs new money back ( Plan-820& 821
(1 ) Some favourable points:–
i) Min S.A is now 1 Lac .
ii) No Prem to be paid for last 5 yrs of the policy term .
iii) Total Prem to be paid is lower than earlier .
iv) Commission rate of agents :-
1st yr & 3 yrs subsequent yrs
20% % %
Bonus commission:- 40% of 1st yr commission .
DOs credit :- full .

10. LIC’s NEW JEEVAN ANAND
TABLE NO. 815

11. New Jeevan Anand Policy (Plan-815)
(1 ) Age:– 18 to 50 yr (earlier upto 65 yrs).
(2) Max. Mty age: –75 yrs (same as earlier)
(3) Term: 15 to 35 yrs (earlier 5 – 57)
(4) Mode: all modes allowed.
(5) Min SA: 1 Lac (same as earlier)
(6) Mode rebate: 2% for Yly, 1% for Hly (reduced)
(7) High SA rebate: 1.50%0 to 3%0 BSA (increased)
(8) Mty Benefit: BSA+Bonus+FAB.
(9) Death Benefit: i)During policy term –(1.25*BSA or 10*annual Prem (whichever is higher) + Bonus+FAB)
ii) After expiring policy term- (Basic SA)
(Death benefit will not be less than 105% of total Prem paid (less taxes) as on date of death) .

12. New Jeevan Anand Policy (Plan-815)
(10) Accident Benefit : Available as a rider (earlier inbuilt upto 5 lacs)
(11 ) Loan:– After 3 yrs ( 60% to 90% of SV )
(12) SV: –After 3 yrs
(13) Revival: Within 2 yrs of FUP
(14) Service tax: To be born by policy holder.

13. LIC’s NEW BIMA BACHAT
TABLE NO. 816

14. New Bima Bachat Policy (Plan-816)
(1 ) Age:– 15 to 66 (max maturity age 75 yrs).
(2) Term : Same 9yrs – 12yrs – 15yrs
(2) Min S.A: – 35, , ,000
(4) Survival benefit: same 15% of SA after every 3 yrs.
(5) Maturity benefit: same as earlier. Refund of Premium
( excluding taxes) plus loyalty addition .
(6) Death benefit: (i ) upto to 5 yrs – Basic SA
(ii) after 5 yrs - Basic SA+ LA
(7) High SA rebate: based on term & SA band.
(8) S.V available at any time : earlier after 1 yr.
(9) Loan available after 1 year: earlier immediately .
(10) Service tax to be born : by policy holder .

15. PREMIUM COMPARISION AGE TABLE/TERM S.A. SINGLE PREM. 40 816-12 50000
40197
175-12
37062 45
100000
77901
73247 50
200000
154398
146814

16. LIC’s NEW SINGLE PREMIUM
ENDOWMENT PLAN
TABLE NO. 817

17. Single Premium Endowment (Plan-817)
(1 ) Age:– 90 days to 65 yrs (n.b.d).
(2) Mty age: –18 to 75 yrs
(3) Term: 10 to 25 yrs
(4) Min SA: 50,000
(5) Risk date: i) If age less than 8 yrs risk will start either after 2 yr from DOC or policy anniversary after completion of 8 yrs of age whichever is earlier.
ii) Age 8 yrs & more – from DOC
(6) Maturity benefit: SA+Bonus+FAB if any.
(7) Death benefit:(i)before risk date–Return of Prem excluding S. tax
(ii)after risk date- SA+ Bonus+FAB if any
(8) Loan: available after 1 yr.( 30 to 90% of SA depending upon policy term & duration)
(9) S.V value: any time during term.
(10) Service tax to be born : by policy holder .

18. Why? LIC Single Premium Endowment Plan
S:– Single premium- one time investment .
P:–Protection – Risk cover for full Assured .
E: Excellent for meeting educational needs of young ones .
C: Children from the age of 90 days can be covered .
I: Ideal for investment planning. Wide range of policy term .
A: Attractive – participates in profits .
L :Liquidity through loan .
Best for Reinvestment of ULIP SV

19. THANK YOU