1. A Presentation on LIC Insurance Plans
By-
Rahul Bhagat
Deval Shah

2. BIMA ACCOUNT- I Plan offers: Simplicity Liquidity
Guaranteed minimum return
No medical examination
Transparent charges
Risk cover
6% annual return if all premiums are paid
Option to pay addition(Top-up) premium
Loan facility after one year of policy
Policy term 5 to 7 years

3. Payment can be done on Yearly, Half-yearly, Quarterly, Monthly
Premium Options:
Regular premium
Payment can be done on Yearly, Half-yearly, Quarterly, Monthly
Eligibility:
Minimum
Maximum
Yearly
7000
14000
Half Yearly
4000
Quarterly
2000
3500
Monthly
600
1100
Entry Age
Maturity Age
Minimum 11 18
Maximum 50 57

4. Minimum 10 times of annualized premium Maximum
Sum Assured:
Minimum 10 times of annualized premium
Maximum
Charges:
Mortality Charges
Service Tax Charges
Alteration Charges
Benefits:
Maturity Benefit – Balance in Policyholder’s A/c
Death Benefit – sum assured alongwith amt. in policyholders A/c
Guaranteed Interest – 6%
Age
Sum Assured (of annualized premium)
Up to 35 years
20 times
36 to 45 years
14 times
46 to 50 years
10 times

5. ENDOWMENT PLUS Investment cum Insurance cover
Based on NAV (Net Asset Value) of Units
Payment can be done on Yearly, Half-yearly, Quarterly, Monthly
Policy term 10 to 20 years
Premium Options:
Minimum Premium        Regular premium: Rs. 20,000 p.a. Regular premium: Rs. 1,750 p.m.   Single premium: Rs. 30,000   
Maximum Premium Regular premium: Rs. 1,00,000 p.a. Single premium: No Limit  

6. Regular : policy term + 1 times Single Premium :
Eligibility:
Sum Assured:
Minimum
Regular : policy term + 1 times
Single Premium :
Entry Age
Maturity Age
Minimum 7 18
Maximum 60 70
Age
Cover
Below 45 years
1.25 times
45 years & above
1.10 times

7. Maximum Regular Premium Single Premium Age Cover Up to 45 years
30 times
46 to 60 years
25 times
Up to 55 years
56 to 60 years
Critical Illness benefit
5 times
3 times
Up to 65 years
66 to 70 years
Critical Illness benefit not opted

8. Charges:
Premium Allocation Charges
Mortality Charges
Policy Admin
Fund Mgmt.
Switching Charges
Misc. Charges
Benefits:
Death benefit
Maturity Benefit
Accident – 25K to 50L
Critical illness benefit rider – 50K to 10L

9. JEEVAN ANURAG Eligibility: For educational need of children
Immediate payment on death
Payment of basic sum assured at start of every year during last 3 policy years
40% alongwith bonuses at the end of the term
Eligibility:
Age at entry
Age of the Life Assured- 20 to 60 years (age nearest birthday)
Age of the Life Assured at maturity
Maximum 70 years (age nearest birthday)
Term
All terms from 10 to 25 years. In case of single premium mode minimum term shall be 5 Years.
Minimum Sum Assured
Rs. 50,000 /-
Maximum Sum assured
No limit. Sum Assured will be in multiples of Rs.5,000 /- only.
Mode
Yearly, Half-yearly, Quarterly, Monthly or through salary deductions in case of regular premiums.

10. Premium Options:
(i) Single Premium- One Year
(ii) Regular Premium payable during (n-3) Years, where n is the policy term
(iii) Regular Premium payable throughout the policy term 
Benefits:
Grace period
9% compounded half yearly
Guaranteed Surrender Value

11. CHILD ENDOWMENT VESTING AT 21
Enable a parent or a legal guardian to provide insurance cover on the life of the child
Cover starts from deferred date i.e. 21 years of age
Premiums are payable yearly, half-yearly, quarterly or monthly
Bonuses after Deferred Date
Benefits:
Death Benefit – Sum assured along with vested bonuses
Maturity benefit - Sum assured along with all bonuses
Extra Benefits
Guaranteed Surrender Value

12. JEEVAN KISHORE
Endowment assurance plan for children of less than 12 years
Risk commences after 2 years from the date of commencement
Premiums are payable yearly, half-yearly, quarterly or monthly
Death Benefit: The Sum Assured along with vested bonuses
Maturity Benefit: Sum assured along with all bonuses declared during the policy term
Premium Waiver Benefit
Guaranteed Surrender Value

13. CHILD CAREER PLAN To meet the increasing educational need
provides the risk cover on the life of child not only during the policy term but also during the extended term
yearly, half-yearly, quarterly or through Salary deductions premium payments
Selection of Sum Assured, Maturity Age, Policy term.
Death Benefit:
Sum Assured + Vested bonuses + Final bonus
Auto Cover
Premium Waiver Benefit
Surrender Value
Grace Period
Cooling off period

14. Eligibility: Survival Benefit:
5 years before the date of expiry – 30% of S.A. + Bonuses
1-4 years before the date of expiry – 15% of S.A.
On the date of expiry – 15% of S.A. + Final Bonus
Minimum Entry Age
0 years (last birthday)
Maximum Entry Age
12 years (last birthday)
Minimum Maturity Age
23 years (last birthday)
Maximum Maturity Age
27 years (last birthday)
Minimum Sum Assured
Rs. 1,00,000
Maximum Sum Assured
Rs. 100,00,000
Policy term
11 to 27 years
Premium Paying term
6 years and Policy term less 5 years

15. MARRIAGE ENDOWMENT OR EDUCATIONAL ANNUITY PLAN
Designed to meet expenses of marriage/education
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deduction
Death Benefit – S.A. plus accrued bonuses up to maturity
Maturity Benefit - S.A. plus all bonuses declared up to maturity
Extra Benefits
Guaranteed Surrender Value

16. JEEVAN AADHAR Offered to a person who has a handicapped dependent
premiums paid under this plan are eligible for Income Tax relief under Section 80DDA 
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions
Guaranteed Rs.100 per 1000
Death Benefit:
Life Assured, Sum Assured together with the Guaranteed Additions and terminal additions, if any, become payable
Maturity Benefit:
No maturity date
Surrender of the policy is not allowed

17. THE ENDOWMENT ASSURANCE POLICY
Moderate Premiums
High bonus
High liquidity
Savings oriented
Lump sum assurance
Disability Benefit:
If disability comes near the age of 70 – no further premium payments are needed
Accident Rs.1 per 1000
Premium Stoppage can be done only after 3 premium payments

18. JEEVAN MITRA ( 2 & 3 times )
Greater financial protection against death throughout the term
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions
Death Benefit:
Twice the S.A. + Bonuses
Thrice the S.A. + Bonuses
Maturity Benefit:
S.A. + All Bonuses up to maturity
Extra Benefits
Guaranteed Surrender Value: 
Only after 3 years
30% guaranteed of the basic premium excluding 1st premium

19. JEEVAN PRAMUKH For people with Exclusive Lifestyle
Endowment assurance plan offering the choice of 3 premium paying options
Premiums are payable yearly, half-yearly, quarterly or monthly
Death or Maturity Benefit – S.A. + Accrued guaranteed additions & bonuses + Final Bonus if any
Guaranteed 0.50% of the S.A every year
Grace Period – 30 days
15 days cooling off period
Guaranteed Surrender Value
9% payable half yearly

20. Eligibility: Minimum Age at entry 18 years completed
Maximum Age at entry
65 years (age nearer birthday)
Maximum Maturity Age
75 years (age nearer birthday)
Policy Term
5, 10, 15, 20 or 25 years
Sum Assured
Minimum Rs.10 lakh. Thereafter in multiples of Rs.1,00,000

21. JEEVAN SHREE-I Choice of many convenient premium
Financial protection against death
Premiums are payable yearly, half-yearly, quarterly or through Salary deductions
Guaranteed Rs.50 per 1000
Bonuses from 6th year onwards
Benefits:
Death Benefit - Sum Assured alongwith guaranteed additions and vested bonuses
Maturity Benefit - Sum Assured alongwith guaranteed additions and reversionary bonuses
Guaranteed Surrender Value

22. MONEYBACK POLICY – 20 YEARS
Partial survival benefits during the term of policy
20% of sum assured payable after 5,10,15 yrs
Balance of 40% + bonus at 20 yrs
Money back type of assurance that provides protection against death throughout the term
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions 
Benefits
Bonuses
Death Benefit – Sum Assured + Bonuses till date
Guaranteed Surrender Value
Extra Benefits

23. % of Sum Assured paid at the end of specified duration
Survival Benefits & Parameters:
% of Sum Assured paid at the end of specified duration
Duration
Benefit 5
20% 10 15 20
40%
Minimum
Maximum
Entry age
13 (lbd) 50
Sum assured (Rs.)
50,000
NO LIMIT
Term (years)
Fixed at 20 for plan 75 and 25 for plan 93 -
Mode of Payment
Maximum Maturity Age
Policy loan available
Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme
70 years No

24. JEEVAN SURABHI Maturity term more than premium paying term
Early and higher rate of survival benefit payment
Risk cover increases every five years
Actual term & Premium paying term:
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions
Plan no.
Policy Term
Premium Paying Term
106
15 years
12 years
107
20 years
108
25 years
18 years

25. Guaranteed Surrender Value Survival Benefit
Death Benefit
Maturity Benefit
Extra Benefits
Guaranteed Surrender Value
Survival Benefit
Percentage of Sum Assured payable at the end of specified duration
Plan and Term ( Premium Paying Term )
Duration
106/15(12)
107/20(15)
108/25(18) 4
30%
25%
20% 5 - 8 10 12
40% 15 18

26. Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme
Parameters:
Minimum
Maximum
Entry age
14 (last birthday)
Plan 106 – 55
Plan 107 – 50
Plan 108 – 45
Sum assured (Rs.)
50,000
NO LIMIT
Term (years)
15 years
Fixed Term
Mode of Payment
Maximum Maturity Age
Policy loan available
Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme
70 years No

27. BIMA BACHAT
Money back policy offering financial security to policyholder and family
Only one premium to be paid
15 % every 3 year
Insured for the amount equal to sum assured
Minimum age 15 years and maximum is 66 years for applying
Maturity at the the age of 75 year
Minimum sum that to be assured – ( in multiple of 5000)
Premium rebates as sum assured increases

28. JEEVAN BHARATI-I Increased age at Entry ( 18 years to 55 years)
Flexibility to pay premium in advance
Encashment of Survival Benefit as and when needed
Option to receive Maturity Benefits as Annuity
Auto Cover ( after 2 premiums cover will continue for 3 years from the first unpaid premium without premium payment )
Reduced premium rates
15 to 20 years policy term
Benefits:
Increased age at Entry ( 18 years to 55 years)
Increased Maturity Age (70 years)
Available to all category of Females
Loan Facility Available
Optional Riders-Accident Benefits ( 50 K to 50 L)
Critical Illness Benefit & Congenital ( to )
Disability Benefit

29. SURVIVAL BENEFIT
Survival Benefits will be paid as %age of S.A. as below :
15 yr 20 yr
After 5 yrs 20% 20%
After 10 yrs 20% 20%
After 15 yrs %
DEATH BENEFIT
Sum Assured (without deduction of any SB paid) Plus Reversionary Bonus [ to 25 lakh ]
and Final Additional Bonus (if any)
will be payable.

30. THE WHOLE LIFE POLICY Plan to protect heirs of the policy holder
Payment of sum assured + bonuses
Premiums are payable upto 80 years of policyholder or term of 35 years whichever is later
premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions
Benefits:
Bonuses
Death Benefit ( sum assured + all bonuses till date)
Maturity Benefit ( anytime after 40 years from the date of commencement of policy)
Extra Benefit and Guaranteed surrender value

31. Parameters: Age at entry:
Minimum - 15 years last birthday Maximum - 60 years
Sum Assured:
Minimum - Rs.50,000/- Maximum - No limit
Mode of payment:
Yearly, half-yearly, quarterly, monthly and SSS
Policy Loan:
Yes

32. JEEVAN ANAND Combination of Endowment Assurance And Whole life plns.
Financial protection against death throughout the lifetime of the life assured.
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions.
Bonuses are declared per thousand Sum Assured annually at the end of each financial year.
BENEFITS
Death benefit- Sum Assured along with the vested bonuses
Accident benefit- Max of 5L upto age of 70 yrs
Supplementary Benefit
Surrender value

33. TWO YEAR TEMPORARY ASSURANCE POLICY
For the insuring public who requires risk cover for a maximum of two years
Single premium is required to be paid
Proposer is required to pay the medical examination fee
No surrender value
No Loan
Death Benefit – Total Sum Assured
Parameters:
Mode of Payment
Maximum premium paying period
Policy loan available
Single Premium
62 years No
Minimum
Maximum
Entry age 18 60
Sum assured (Rs.)
50,000
1,00,000
Term
6,12,18,24 months
Not Applicable

34. THE CONVERTIBLE TERM ASSURANCE POLICY
To meet the needs of people who are initially unable to pay larger premium but will be able to pay in future
Option of conversion into endowment assurance or limited payment whole life assurance
The sum assured is payable only in the event of death of the Life Assured before the expiry of the specified term
Parameter:
Mode of Payment
Maximum premium paying period
Policy loan available
Yearly, Half-yearly,Quarterly, Monthly
55 years No
Minimum
Maximum
Entry age
20 (nearer birthday) 50
Sum assured (Rs.)
50,000
1,00,00,000
Term (years) 5 7

35. JEEVAN SAATHI Provides protection against both lives
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions 
Benefits:
Death benefit – sum assured payable in lumpsum
Maturity benefit – sum assured alongwith bonuses
Extra benefits
Survival benefits
Guaranteed Surrender Value

36. MORTGAGE REDEMPTION Parameter:
Designed to meet the requirements of the policy holding individual who seeks to ensure that all his outstanding loans and debts are automatically paid up in the event of his demise
Usually issued only to male of age 50 years or below
Insurance cover would not extend beyond age of 65 years
Death Benefit : All outstanding loans declared at the beginning of the financial year would be payable as per the prepared schedule
Parameter:
Minimum
Maximum
Entry age (Years) 20 50
Sum assured (Rs.)
50000(except for single premium)
Term (Years) -
Mode of Payment
Maximum Maturity age
Policy loan available
Yearly, Half-yearly,Quarterly, Monthly, Salary Saving Scheme
65 years No

37. THANK YOU…