LIC Jeevan Labh Plan

Hi Friends,this presentation prepared by one of the LIC Official and this about the LIC's New Plan Jeevan Labh.Its pure traditional and non market linked plan,which provide good returns as well as Insurance Cover for life,which protect your family to unexpected financial crisis.Hope you like this presentation.For more details visit here : www.thepolicykart.com or call us :- 9711346765/7319758961 or mail us at :[email protected]

1. JEEVAN LABH Plan No.836 By NvM

2. Endowment Plan Limited Premium Paying Term Non-Linked With Bonus & FAB

3. Only 3 Policy Terms Options Option - Term - Premium Paying Term 1. 16yrs – 10yrs 2. 21yrs – 15yrs 3. 25yrs – 16yrs

4. Eligibility: Age at Entry Minimum : 8yrs completed Maximum : 59yrs Nbd for Policy Term 16yrs 54yrs Nbd for Policy Term 21yrs 50yrs Nbd for Policy Term 25yrs

5. Maturity Benefits: Basic Sum Assured + Bonus + F A B

6. Death Benefits: Sum Assured on Death + Bonus + FAB

7. Sum Assured on Death = Higher of 1. 10 times of Annualised Premium 2. Basic Sum Assured 3. 105% of Total Premiums paid

8. Accidental Death & Disability Benefit Rider Optional – Additional Premium Available from 18yrs of Age Cover Available up to Policy Term Or Age 70 Nbd, Which Ever is Earlier Can be Added at Any Time (O/S PPT 5yrs) Maximum AB Cover 100 Lakhs

9. New Term Assurance Rider Optional – Additional Premium Available from 18yrs of Age Cover Available up to Policy Term Can be Added at Proposal Stage Only Maximum TR Cover 25 Lakhs

10. Mode of Premium Payment Yearly – 2% Rebate Half Yearly – 1% Rebate Quarterly - Nil Monthly - Nil (ECS/SSS)

11. High Sum Assured Rebate 2,00,000 to 4,90,000 – Nil 5,00,000 to 9,90,000 – 1.25% 10,00,000 to 14,90,00 – 1.50% 15,00,000 and Above - 1.75% per Rs.1000 B.S.A

12. Other Features: Proposal Form 300/340/360 Service Tax Grace Period (30/15 days) Paid Up Value Surrender Value (GSV/SSV) Revival within 2yrs from FUP Loan After 3yrs Suicide after 12 months 80% premiums Free Look Period 15days from OP Receipt Dating Back within Financial Year (JAAM)

13. Premium Calculation: For Age 8yrs, 836/16/10, SA 1 Lakh, Yearly Tab Premium – 84.80 2% Rebate - 1.696 83.104 x 100 - 8310.40 Yearly Premium Rs.8310/- Example 1

14. Maturity Benefit: Basic Sum Assured: 1,00,000 Bonus 42x100x16 : 67,200 FAB : N I L Total Maturity : 1,67,200

15. Total Premium Paid in 10yrs 8310 x 10 = 83,100 Total Maturity After 16yrs = 1,67,200 I.R.R = 6.13%

16. Premium Calculation: For Age 30yrs, 836/21/15, SA 1 Lakh, Yearly Tab Premium – 54.95 2% Rebate - 1.099 53.851 x 100 - 5385.10 Yearly Premium Rs.5385/- Example 2

17. Maturity Benefit: Basic Sum Assured : 1,00,000 Bonus 48x100x21 : 1,00,800 FAB 50x100 : 5,000 Total Maturity : 2,05,800

18. Total Premium Paid in 10yrs 5385 x 15 = 80,775 Total Maturity After 21yrs = 2,05,800 I.R.R = 6.62%

19. Premium Calculation: For Age 30yrs, 836/25/16, SA 1 Lakh, Yearly Tab Premium – 46.60 2% Rebate - 0.932 45.668 x 100 - 4566.80 Yearly Premium Rs.4567/- Example 3

20. Maturity Benefit: Basic Sum Assured : 1,00,000 Bonus 48x100x25 : 1,20,000 FAB 330x100 : 33,000 Total Maturity : 2,53,000

21. Total Premium Paid in 10yrs 4567 x 16 = 73,072 Total Maturity After 21yrs = 2,53,000 I.R.R = 7.06%

22. Unique Selling Points: Suitable for Education and Marriage Short Term Commitment Long Term Risk Cover 80C Tax Benefit (up to Rs.1.50 Lakhs) Tax Free Maturity Accident & Disability Cover up to 1 Crore No Market Risk

23. Happy Selling NvM Development Officer City Branch – 8 Chennai Division –I Voice: 98401 90360