LIC New Jeevan Nidhi - Plan 812 Call Ur LIC Agent Anandaraman +919843146519 for Privileged Service

7/27/2019 LIC New Jeevan Nidhi - Plan 812 Call Ur LIC Agent Anandaraman +919843146519 for Privileged Service

1/11

LICS NEWLICS NEWLICS NEWLICS NEWJEEVAN NIDHIJEEVAN NIDHIJEEVAN NIDHIJEEVAN NIDHI

PLAN NO. 812PLAN NO. 812PLAN NO. 812PLAN NO. 812


2/11

LICS NEW JEEVAN NIDHI -

HIGHLIGHTS

Life Protection ~

Insurance Cover upto Date of Vesting

Pension ~

p on o purc ase an mme a e nnu y or

To purchase New Single Premium Deferred Pension Plan

Guaranteed Additions ~

For the first 5 years @ Rs.50 Basic Sum Assured


3/11

LICS NEW JEEVAN NIDHI - HIGHLIGHTS

Participation in Profits ~

After 6th policy year, benefit of Vested Bonus and

Final Additional Bonus (if any).

Flexibility~

Premium Payment Frequency-SinglePremium,

Yearly,Half-yearly,Quarterly,Monthly(ECS/SSS)

Customisation

Option for Accident Benefit Rider under Regular

Premium Policies only.


4/11

DescriptionDescriptionDescriptionDescription MinimumMinimumMinimumMinimum MaximumMaximumMaximumMaximum

Age at EntryAge at EntryAge at EntryAge at Entry 20 years20 years20 years20 years 60 years60 years60 years60 years

Age at VestingAge at VestingAge at VestingAge at Vesting 55 years55 years55 years55 years 65 years65 years65 years65 years

LICS NEW JEEVAN NIDHI- ELIGIBILITY CONDITIONS

Sum AssuredSum AssuredSum AssuredSum Assured

Single PremiumSingle PremiumSingle PremiumSingle Premium

Rs.150000/Rs.150000/Rs.150000/Rs.150000/----No LimitNo LimitNo LimitNo Limit

Regular PremiumRegular PremiumRegular PremiumRegular Premium

Rs.100000/Rs.100000/Rs.100000/Rs.100000/----The Sum Assured under Basic Plan shall be inThe Sum Assured under Basic Plan shall be inThe Sum Assured under Basic Plan shall be inThe Sum Assured under Basic Plan shall be in

multiples of Rs.5000/multiples of Rs.5000/multiples of Rs.5000/multiples of Rs.5000/----

Premium ModePremium ModePremium ModePremium ModeSingle Premium, Yearly, HalfSingle Premium, Yearly, HalfSingle Premium, Yearly, HalfSingle Premium, Yearly, Half----yearly, Quarterly,yearly, Quarterly,yearly, Quarterly,yearly, Quarterly,

Monthly [Monthly [Monthly [Monthly [ECS orECS orECS orECS or SSS]SSS]SSS]SSS]


5/11

LICS NEW JEEVAN NIDHI - BENEFITS

Benefit on VestingBenefit on VestingBenefit on VestingBenefit on Vesting

Basic Sum AssuredBasic Sum AssuredBasic Sum AssuredBasic Sum Assured

++++Accrued Guaranteed AdditionsAccrued Guaranteed AdditionsAccrued Guaranteed AdditionsAccrued Guaranteed Additions

++++

Commute as per Income TaxCommute as per Income TaxCommute as per Income TaxCommute as per Income Tax

rules and purchase Immediaterules and purchase Immediaterules and purchase Immediaterules and purchase Immediate

Annuity with the balance amount at theAnnuity with the balance amount at theAnnuity with the balance amount at theAnnuity with the balance amount at the

then prevailing Immediate annuity ratethen prevailing Immediate annuity ratethen prevailing Immediate annuity ratethen prevailing Immediate annuity rate

Purchase a new Single PremiumPurchase a new Single PremiumPurchase a new Single PremiumPurchase a new Single Premiumdeferred pension product from LICdeferred pension product from LICdeferred pension product from LICdeferred pension product from LIC


6/11

LICS NEW JEEVAN NIDHI ---- BENEFITS

Death BenefitDeath BenefitDeath BenefitDeath Benefit

First 5First 5First 5First 5

policy yearspolicy yearspolicy yearspolicy years


++++Accrued Guaranteed AdditionsAccrued Guaranteed AdditionsAccrued Guaranteed AdditionsAccrued Guaranteed Additions


++++

6666ththththyearyearyearyear

onwardsonwardsonwardsonwards

Accrued Guaranteed AdditionsAccrued Guaranteed AdditionsAccrued Guaranteed AdditionsAccrued Guaranteed Additions

++++Vested Bonuses & Final AdditionalVested Bonuses & Final AdditionalVested Bonuses & Final AdditionalVested Bonuses & Final Additional

Bonus (if anyBonus (if anyBonus (if anyBonus (if any))))

The Benefit shall be paid to the nominee as lump sum ORThe Benefit shall be paid to the nominee as lump sum ORThe Benefit shall be paid to the nominee as lump sum ORThe Benefit shall be paid to the nominee as lump sum OR

In the form of Annuity ORIn the form of Annuity ORIn the form of Annuity ORIn the form of Annuity OR

Partly in lump sum and balance in the form of Annuity at the then prevailingPartly in lump sum and balance in the form of Annuity at the then prevailingPartly in lump sum and balance in the form of Annuity at the then prevailingPartly in lump sum and balance in the form of Annuity at the then prevailing

Immediate annuity ratesImmediate annuity ratesImmediate annuity ratesImmediate annuity rates


7/11

LICS NEW JEEVAN NIDHI - PROFITS

Guaranteed AdditionsGuaranteed AdditionsGuaranteed AdditionsGuaranteed Additions

Payable for the first fivefivefivefive years @ Rs.50/- per thousand Basic Sum

Assured for each completed year.

Partici ation in rofitsPartici ation in rofitsPartici ation in rofitsPartici ation in rofits

Simple Reversionary BonusSimple Reversionary BonusSimple Reversionary BonusSimple Reversionary Bonus shall be added from the 6th policy year

onwards till the end of the deferment period and at such rates as

may be declared by the Corporation.

Final Additional BonusFinal Additional BonusFinal Additional BonusFinal Additional Bonus shall be payable either on vesting or on

earlier death at the rates declared by the Corporation.


8/11

EventEventEventEvent BenefitsBenefitsBenefitsBenefits

Death due to AccidentDeath due to AccidentDeath due to AccidentDeath due to Accident

Accident Benefit Sum Assured will be payable as

lump sum along with the death benefit under the

Basic plan.

Disability due toDisability due toDisability due toDisability due to

AccidenAccidentAccidenAccident

All Future Premiums are waived and

An amount equal to the Accident Benefit Sum

Assured will be paid in monthly installments spread

LICS NEW JEEVAN NIDHI ACCIDENT BENEFIT RIDER

over 10 years.

DescriptionDescriptionDescriptionDescription MinimumMinimumMinimumMinimum MaximumMaximumMaximumMaximum

Age at EntryAge at EntryAge at EntryAge at Entry 20 years 60 years

Sum AssuredSum AssuredSum AssuredSum Assured Rs. 25000/- Rs.50 lakh overall limit considering the Accident

Benefit Sum Assured in respect of all

existing/proposed individual life insurance and

group policies

TermTermTermTerm Same as Basic Plan

Eligibility Condition for Accident Benefit RiderEligibility Condition for Accident Benefit RiderEligibility Condition for Accident Benefit RiderEligibility Condition for Accident Benefit Rider


9/11

LICS NEW JEEVAN NIDHI- OTHER FEATURES

BackBackBackBack datingdatingdatingdating Allowed within same Financial year.

RevivalRevivalRevivalRevival ----A policy may be revived within a period of 5 years from thedate of First Unpaid premium and before the date of vesting by

payment of Arrears of premium plus Interest and subject to

continued insurability.

SurrenderSurrenderSurrenderSurrender----The policy can be surrendered at any time on payment ofat least 3 years premiums and after completion of at least 3 policy

years but before the date on which annuity vests. The Surrender

Value payable shall be the higher of Guaranteed Surrendered Value

and Special Surrender Value. The Surrender proceeds shall be

utilized to purchase an immediate annuity product or a new Single

Premium deferred pension product from LIC.

Claims ConcessionClaims ConcessionClaims ConcessionClaims Concession - Allowed


10/11

Description Single Premium Regular Premium

Age 35 years 35 years

Policy Term 25 years 25 years

Premium (exclusive of

service tax)Rs. 78,667 Rs. 4,121

LICS NEW JEEVAN NIDHI - BENEFIT

ILLUSTRATION

Mode Single Yearly

Sum Assured 1,50,000 1,00,000

Vesting Age 60 Years 60 Years

Guaranteed Vested

Benefit1,87,500 1,25,000

Assuming Investment

Return at 8 %3,50,250 2,33,500


11/11

Jeevan Nidhi meets all your needs across the time horizon-

Life cover now and Pension afterwards!

Life Insurance cover till the date of vesting-

WHY-LICS NEW JEEVAN NIDHI !!!

For the well-being of your loved ones!

And Annuity/Pension after vesting-

For your well-being in later years!!!

Documents

LIC New Jeevan Nidhi - Plan 812 Call Ur LIC Agent Anandaraman +919843146519 for Privileged Service