Premium Ceasing Age : 75         Premium Ceasing Term : 0

LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving feature. This combination provides financial support for the family of the deceased policy holder any time before maturity and good lump sum amount at the time of maturity for the surviving policy hold. This plan also takes care of liquidity needs through its loan facility

Benefits:
Death benefit:
In case of death during the policy term provided all due premiums have been paid Death benefit defined as sum of "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 higher of Basic Sum Assured or 10 times of annualized premium. This death benefits shall not be less than 105% of all the premiums paid as on date of death

Where premiums exclude service tax, extra premium and rider premiums, if any.

Maturity Benefit:
Basic Sum Assured, along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits:
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporate, provided the policy is in full force. Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or mature provided the policy has run for certain minimum term.

Optional Benefit:
LIC’s Accidental Death and Disability Benefit Rider:
LICs Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium. In case of accidental death, the Accident Benefit Sum Assured will be payable as lump sum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident)  amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread ove1r0 years and future premiums for Accident Benefit Sum Assured as well as premiums for the proton of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy shall be waived.

Premium Ceasing Age : 75         Premium Ceasing Term : 1

LIC's Single Premium Endowment Plan is a participating non-linked savings cum protection plan, Where premium is paid in lump sum at the outset of the policy This combination provides financial protecton against death during the policy term with the provision of payment of lump sum at the end of the selected policy term in case of / their survival. This plan also takes care of liquidity needs through its loan facility

Benefits
Death Benefit:

On death during the policy term before the date of commencement of returns of single premium excluding service tax and extra premium, if any, without interest

On death during the policy term after the date of commencement of: risk sum assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

Maturity Benefit:
Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any,
Shall be payable.

Participation in profits:
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple
Reversionary Bonuses declared as per the experience of the Corporation. Final (Additional) Bonus may also be declared under the policy in the year when the policy Results into a claim either by death or maturity on such terms and conditions as may be declared by the Corporation from time to time

Premium Ceasing Age : 70         Premium Ceasing Term : 15

Step ahead in life with LIC’s New Money Back Plan!

Key highlights

Premium Ceasing Age : 70         Premium Ceasing Term : 20

Step ahead in life with LIC’s New Money Back Plan!

Key highlights

Premium Ceasing Age : 75         Premium Ceasing Term : 0

LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings . This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his /her survival. This plan also takes care of liquidity needs through its loan facility.

Benefits:
1. Death benefit:
Provided all due premiums have been paid, the following death benefit shall be paid: On Death during the policy term: Death benefit, defend as sum of “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 higher of 125% of Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.

The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
On death of policyholder at any time after policy term: Basic Sum Assured Benefits payable at the end of Policy Term: Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus , if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.

Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.

2. Optional Benefit:
LIC’s Accidental Death and Disability Benefit Rider: LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium during the policy term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be payable As lump sum along with the death benefit under the basic plan. In case of accidental permanent Disability arising due to accident (within 180 days from the date of accident, an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the proton of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

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Premium Ceasing Age : 66         Premium Ceasing Term : 1

New Bima Bachat Plan – 816

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term . In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility

Benefits:
Death benefits:
On death during the first five policy year Sum Assured.
On death after completion of five policy years: Sum Assured along with Loyalty Addition, if any.

Survival Benefits:
Payable as given below in case of Life Assured surviving to the end of the specified durations For policy term 9 years: 15% of the Sum Assured at the end of each 3rd & 6th policy year For policy term 12 years: 15% of the Sum Assured at the end of each 3fd, 6th & 9th policy year. For policy term 15 years: 15% of the Sum Assured at the end of each 3rd, 6th, 9th & 12th policy year

Maturity Benefit:
Payment of Single Premium (excluding taxes and extra premium, if any) along with Loyalty Addition, if any, in case of Life Assured surviving to the end of the policy term.

Loyalty Addition:
Depending upon the Corporation’s experience the policies shall be participate in the profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five policy years and on policyholder surviving to maturity at such rate and on such terms as may be declared by the Corporation.

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