My Money Mitra

Jeevan Pragati

  • Jeevan Pragati is a regular premium payment Endowment Insurance Non Linked With Profit Plan.
  • This plan is available with an optional rider to provide better protection to policyholder
  • Best suited for the person aged between 12 years to 45 years.
  • Maturity Benefit - At the end of policy term policyholder will get Basic Sum Assured with Total vested reversionary bonus and Final Additional Bonus (as applicable)
  • Its biggest advantage over and above the all other available life insurance products in market is INCREASING DEATH SUM ASSURED. Up to 15 year term natural death sum assured will be increased by 25% to 50% In interval of every 5 years.
  • Loan Facility - Allowed (After 3 Full years premium payment) will be 90% of Surrender value for inforce policies and 80% for paid-up policies.
  • Tax Benefits- Policy holder can avail income tax benefit u/s 80C of I.T. Act for the premiums paid and all maturity proceeds will be Tax free u/s 10(10D) of I.T. Act.
  • Eligibility Criteria
      Min. Max.
    Age 12 45
    Term 12 20
    Sum 1,50,000 No Limit
    Modes Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)

    Jeevan Labh Plan

  • LIC's Jeevan Labh is a Limited Premium Payment Endowment Insurance Plan.
  • The Main Feature of this plan is, the payment of premiums is limited to a term shorter than the policy (Limited Premium Payment -LPP). The maturity amount is payable at the end of the policy term, or on the death of the policy holder whichever is earlier.
  • Maturity Benefit under Jeevan Labh : Sum Assured + Bonus + Final Additional Bonus (As applicable).
  • Death Benefit under Jeevan Labh : The policyholder's nominee will receive, Sum Assured + Bonus + Final Additional Bonus (As applicable).
  • Optional riders like Term insurance rider (TR) & ADADB (Accidental Death And Disability Benefit ) are available.
  • Loan facility is available under this plan, after payment of premiums for at least 3 full years subject to conditions: Maximum loan for inforce policy-90% of surrender value and for paid up policies 80% of surrender value.
  • Eligibility Criteria
      Min. Max.
    Age 8 59
    Term/PPT 16/10,    21/15,    25/16
    Sum 2,00,000 No Limit
    Modes Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)
    Yearly Premium For 1000000 Sum Assured
    Age 16/10 21/15 25/16
    16 81898 51812 43384
    25 82094 52057 43727
    40 83564 54164 46422
    55 90914 - -

    Limited Premium Endowment Plan

  • A Limited premium paying conventional With-Profits Endowment Assurance plan.
  • Maturity Benefit: Basic Sum Assured + Vested Bonus + Final Additional Bonus.
  • Death Benefit: "Sum Assured on Death" + Vested Bonuses + Final Additional Bonus.
  • “Sum Assured On Death” is defined as the higher of 10 times of annualized Premium or 125% of the Basic Sum Assured.
  • Optional Benefit:
  • LIC’s Accidental Death and Disability Benefit Rider.
  • LIC’s New Term Assurance Rider.
  • Loan: After payment of premiums for at least 2 full years.
  • Eligibility Criteria
    Min. Max.
    Age 18 62
    Term 12 21
    PPT 8 9
    Sum 3,00,000 No Limit
    Premium Modes Yly, Hly, Qly, Mly
    Yearly Premium For 1000000 Sum Assured
    Age 12/8 16/9 21/8
    25 108373 84755 76572
    30 108569 85098 77209
    35 109059 85833 78532
    40 110137 87303 80835

    Jeevan Rakshak

  • It’s a regular premium paying Non-linked with profits, Endowment Assurance Plan
  • This plan shall be available to standard lives only under non-medical limit and the total sum assured under all the policies issued to an individual under this plan shall not exceed Rs. 2 lacs.
  • Benefits :
  • Benefits payable on death:On death of the Life Assured during the policy term “ Sum Assured on death “ shall be payable, which is the highest of
  • Basic Sum Assured or
  • 10 times of annualized premium; or
  • 105 % of all the premiums paid as on date of death
  • Benefits payable on Maturity :On Survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any, shall be payable.
  • Participation in profits :Provided the policy is in full force, then depending upon the corporation’s experience the policies under this plan will be eligible for Loyalty Addition. The Loyalty Addition if any, is payable at such rate and on such terms as may be declared by the corporation on death after completion of 5th policy year or on policyholder surviving to the maturity.
  • Eligibility Criteria
    Min Max.
    Age 5 55
    Term 10 20
    Sum 75,000 200,000
    Premium Modes Yearly, Half Yearly, Quarterly, & Monthly
    Yearly Premium For 200000 Sum Assured
    Age 10 Years 15 Years 20 Years
    8 16536 9833 6589
    15 16576 9872 6638
    20 16605 9902 6668
    25 16615 9921 6687

    New Jeevan Anand

  • It's a regular premium paying conventional without profit pure protection plan
  • A protection plan which provides financial protection to the insured family in case of his/her unfortunate demise.
  • Benefits :
  • Death Benefit: In case of unfortunate death of the Life Assured during the policy term, sum assured shall be payable.
  • Maturity Benefit: On survival to the end of the policy term, no benefits shall be payable.
  • Eligibility Criteria
    Min. Max.
    Age 18 60
    Maximum cover ceasing age 70 years (nearest birthday)
    Term 5 35
    Sum 2500000 No Limit
    Premium Modes Yearly, Half Yearly
    Yearly Premium For 3000000 Sum Assured
    Age 10 Years 20 Years 30 Years
    25 3600 3810 5040
    30 3870 4920 6990
    35 4950 7110 10080
    40 7230 10710 14880

    Single Premium Endowment Plan

  • Single Premium cialis coupons with Profit Endowment Plan.
  • Benefits Payable on death:
  • On death of the Life Assured on or after the Commencement of Risk: Sum Assured along with vested Simple reversionary bonuses and final additional bonus, if any, shall be payable.
  • On death of the Life Assured before the Commencement of Risk: Return of single premium excluding taxes and extra premium, if any, without interest.
  • Maturity Benefits: Sum Assured + Simple Reversionary Bonus + Final Additional Bonus.
  • Guaranteed Surrender Value:
  • 1st Year: 70% of Single Premium excluding taxes and extra premium.
  • Thereafter: 90% of Single Premium excluding taxes and extra premium.
  • Special Surrender Value: Discounted Value of sum assured and vested Simple Reversionary bonuses.
  • Loan available after completion of one year.
  • Eligibility Criteria
    Min. Max.
    Age 90 Days 65 Years
    Term 10 25
    Sum 50,000 No Upper Limit
    Premium Modes Single
    Yearly Premium For 1000000 Sum Assured
    Age 15 Years 20 Years 25 Years
    25 611900 515650 437500
    30 612600 517350 440900
    35 614300 521000 447450
    40 617650 527750 458350

    New Endowment Plan

  • A conventional with profits Endowment Assurance Plan.
  • Maturity Benefits:
  • Basic Sum Assured along with Vested Simple Reversionary Bonuses and final Additional Bonus, if any.
  • Death Benefits:
  • Sum Assured on death along with Vested Simple Reversionary Bonuses and final Additional Bonuses, if any.
  • The death benefit as defined above shall not be less than 105% of total premium paid as on the date of death.
  • Optional Rider:
  • Accidental Death & Disability Rider by payment of additional premium.
  • Loan facility is available, after payment of premiums for at least 3 full years.
  • Eligibility Criteria
    Min. Max.
    Age 8 55
    Term 12 35
    Sum 100000 No Limit
    Premium Modes Yearly, Half Yearly, Quarterly, Monthly
    Yearly Premium For 1000000 Sum Assured
    Age 15 Years 20 Years 25 Years
    25 66874 47323 36494
    30 67070 47617 36935
    35 67511 48254 37866
    40 68393 49479 39385

    Aadhaar Shila

  • Exclusive endowment insurance plan specially designed for FEMALE lives without any medical test.
  • Ideal for Regular Savings & Life Cover.
  • Lowest premium in its category.
  • Discount in Premium for Higher Sum Assured
  • Life Cover to the extent of 110 % of Basic Sum Assured + Loyalty Addition (as applicable)
  • Auto Cover - Life Cover continues for 2 years even if the premiums are in arrears.
  • Loan Available after 2 Years.
  • On Maturity, Sum Assured + Loyalty Addition (as applicable) will be paid.
  • Can be easily aligned with your family objective with its wide choice of term.
  • Policy commencement can be backdated
  • Double Accidental Death Benefit is also available
  • Premium Paid are eligible for tax savings u/s 80 C
  • Maturity Amount is Tax Free u/s 10 (10) (D).
  • Eligibility Criteria
      Min. Max.
    Age 8 Years (Completed) 55 Years (Nearest Birthday)
    Term 10 Years 20 Years
    Sum Rs. 75,000/- Rs. 3,00,000/-
    Modes Yearly, Half Yearly, Quarterly, Monthly

    Aadhaar Stambh

  • Exclusive endowment insurance plan specially designed for MALE lives without any medical test.
  • Ideal for Regular Savings & Life Cover.
  • Lowest premium in its category.
  • Discount in Premium for Higher Sum Assured
  • Life Cover to the extent Basic Sum Assured + Loyalty Addition (as applicable)
  • Auto Cover - Life Cover continues for 2 years even if the premiums are in arrears.
  • Loan Available after 2 Years.
  • On Maturity, Sum Assured + Loyalty Addition (as applicable) will be paid.
  • Can be easily aligned with your family objective with its wide choice of term.
  • Policy commencement can be backdated
  • Double Accidental Death Benefit is also available
  • Premium Paid are eligible for tax savings u/s 80 C
  • Maturity Amount is Tax Free u/s 10 (10) (D).
  • Eligibility Criteria
      Min. Max.
    Age 8 Years (Completed) 55 Years (Nearest Birthday)
    Term 10 Years 20 Years
    Sum Rs. 75,000/- Rs. 3,00,000/-
    Modes Yearly, Half Yearly, Quarterly, Monthly
    Yearly Premium For 1000000 Sum Assured
    Age 15 Years 20 Years 25 Years
    25 66874 47323 36494
    30 67070 47617 36935
    35 67511 48254 37866
    40 68393 49479 39385

    Jeevan Utkarsh

  • Jeevan Utkarsh Plan Launched by LIC of India is available only for limited period
  • It is the best plan suited for gifting
  • In this plan, the policy holder gets the additional life cover of 25% of Sum Assured without paying any extra cost
  • The policy holder gets the Sum Assured along with Loyalty Bonus at the time of Maturity
  • In this Plan, the Loan is available after the completion of 3 Months
  • The policy holder has an option of taking the Maturity Benefit in instalments.
  • LIC also gives the discount in premium in case the sum assured is more than 5 Lacs
  • The policy can also be back-dated within the same financial year
  • There is an additional benefit of Accidental Death and Disability available under this plan.
  • The policy holder will get the tax benefit u/s 80C and 10 (10D)
  • Eligibility Criteria
    Min. Max.
    Age 6 Years (Completed) 47 Years
    Term 12 Years
    Premium Payment Term Single
    Sum Assured Rs.75,000 No Limit
    Modes Available Single Premium Payment Only