Life Insurance Corporation Life Insurance Corporation of India presents of India presents ……. ……. Jeevan Surabhi Jeevan Surabhi Money Back Plans Money Back Plans with cash back at faster rate with cash back at faster rate fulfils growing needs by fulfils growing needs by increasing risk cover increasing risk cover
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Life Insurance Corporation Life Insurance Corporation of India presentsof India presents…….……. Jeevan SurabhiJeevan Surabhi
Money Back Plans Money Back Plans with cash back at faster ratewith cash back at faster rate fulfils growing needs by increasing fulfils growing needs by increasing risk coverrisk cover
LIC’s Jeevan Surabhi
Intro Features Benefits Illustrations
Y 2005Y 2005 Y 2009Y 2009 Y 2013Y 2013 Y 2017Y 2017 Y 2020Y 2020
30% 30% of Sumof Sum
AssuredAssured
30% 30% of Sumof Sum
AssuredAssured
40% 40% of Sumof Sum
AssuredAssuredVestedVested
BonusesBonuses
Premium Payment CeasesPremium Payment Ceases
Policy Policy CommencesCommences
Illustration of 15 year planIllustration of 15 year plan
LIC’s Jeevan Surabhi
Y 2005Y 2005 Y 2020Y 2020
Y 2025Y 2025
Y 2030Y 2030
Premium Payment Ceases
Policy Policy CommencesCommences Maturity Date
Maturity Date
Maturity Date
Y 2017Y 2017
Y 2020Y 2020
Premium Payment Ceases
Premium Payment CeasesY 2023Y 2023
Y 2005Y 2005
Y 2005Y 2005
Table 106
Table 107
Table 108
Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Y 2005 Y 2010 Y 2015 Y 2020
Policy Policy CommencesCommences
Illustration of 15 year planIllustration of 15 year plan
Risk cover =
Basic Sum Assured
Risk cover = 1.5 times
Basic Sum Assured
Risk cover = 2 times
Basic Sum Assured
Premium Premium Payment Payment CeasesCeases
Y2017
Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Intro Features Benefits Illustrations Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Who can avail of this policy ?
Those aged between 14 years (completed) and 55 years subject to maximum maturity age : 70 years
Who are the modes of premium payment ?
Premium can be paid in yearly, half-yearly, quarterly or monthly (SSS) instalments.
Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi Plan
Termin
years
Prem. Payab
le for ..years
SB Amt paid
after 4 years
SB Amt paid
after 8 years
SB Amt paid after 12
years
SB Amt paid after 15
years
SB Amt paid after 18
years
SB Amt paid after 20
years
SB Amt paid after 25
years106 15 12 30% of
S.A.30% of
S.A.40% of
S.A.VestedBonus
--- --- ---
107 20 15 25% of S.A.
25% of S.A.
25% of S.A.
25% of S.A.
--- VestedBonus.
---
108 25 18 20% of S.A.
20% of S.A.
20% of S.A.
20% of S.A.
20% of S.A.
--- VestedBonus.
Survival Benefit payable chart forSurvival Benefit payable chart for
Plan 106 – Policy Term : 15 years - Premium Term : 12 yearsPlan 106 – Policy Term : 15 years - Premium Term : 12 yearsPlan 107 – Policy Term : 20 years - Premium Term : 15 yearsPlan 107 – Policy Term : 20 years - Premium Term : 15 yearsPlan 108 – Policy Term : 25 years - Premium Term : 18 yearsPlan 108 – Policy Term : 25 years - Premium Term : 18 years
Additional Death Cover : is available depending upon duration of policy
TermTerm 15 years15 years 20 years20 years 25 years25 yearsDurationDuration Additional Death Cover per thousand sum assuredAdditional Death Cover per thousand sum assuredFirst 5 yearsFirst 5 years -------- -------- --------66thth – 10 – 10thth year year 500500 500500 5005001111thth -15 -15th th year year 10001000 10001000 100010001616thth – 20 – 20thth year year -------- 15001500 150015002121stst – 25 – 25thth year year -------- -------- 20002000
Condition:
Policy shouldbe in
full force
Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Maturity Benefit
The policy matures on survival to the end of the policy term.
All bonuses declared up to maturity date will be paid in a lump sum. Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Death Cover
If death occurs any time during the term of the policy, provided policy is in full force, the basic sum assured with vested bonuses will be payable.
Survival benefits already paid will not be deducted from the claim amount.
Additional amounts, as described earlier, will also be paid depending on the duration of the policy. Intro Features Benefits Illustrations
LIC’s Jeevan Surabhi
Bonus
Accident Cover
The policy is a with profit policy and participates in profits till the end of term. Bonus is calculated on basic sum assured and is payable on maturity or death, if earlier.
Accident cover, equal to basic sum assured is available under the plan, at by payment of a small additional premium, subject to a existing overall limits during the premium paying period. Intro Features Benefits Illustrations
Age at entry : 35 years Policy Term : 15 Years Premium Paying Term : 12 Years Mode of premium payment : YearlySum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 10963 /-
LIC’s Jeevan Surabhi
Intro Features Benefits Illustrations
Age at entry : 35 years Policy Term : 15 Years Premium Paying Term : 12 Years Mode of premium payment : YearlySum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 10963 /-
Age at entry : 35 years Policy Term : 20 Years Premium Paying Term : 15 Years Mode of premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 9581
Age at entry : 35 years Policy Term : 20 Years Premium Paying Term : 15 Years Mode of premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 9581
LIC’s Jeevan Surabhi
Intro Features Benefits Illustrations Intro Features Benefits Illustrations
Age at entry : 35 years Policy Term : 25 Years Premium Paying Term : 18 Years Mode of Premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 8776 /-
LIC’s Jeevan Surabhi
Intro Features Benefits Illustrations
Age at entry : 35 years Policy Term : 25 Years Premium Paying Term : 18 Years Mode of Premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 8776 /-