LIC of India introduces a new plan LIC’s Jeevan Kiran(Plan No. 870)

-

 by Samiksha Chogule 

Life Insurance Corporation of India introduced a new plan, LIC’s Jeevan Kiran (Plan No. 870)  with effect from 27th July 2023.  LIC’s Jeevan Kiran is an Individual, Savings, Life Insurance plan. The Unique Identification Number (UIN) for LIC’s Jeevan Kiran is 512N353V01.

 ·        This plan offers Life Cover with return of premium. 

·         Excellent product for prospects desiring high Life Cover at reasonable cost. 

 ·        Plan is available for  young people starting age of 18  and till the age of  65. 

·         Plan has a  minimum  Sum Assured of Rs.15 lakhs  for moderate Life Cover. 

·         The policy term varies from 10 years to 40 years. 

·         The premium rates are different for  Non-Smokers  and  Smokers. 

·     Premium payment can be made by way of Single Premium or by way of regular premium which is payable for the policy term. 

·         For  Sum Assured more than Rs.50 lakhs, rebates are available on Tabular Premium. 

·        The minimum instalment premium will be Rs.3000/- for Regular Premium policies and Rs.Rs.30000/- for Single Premium policies. 

On Maturity: On Life Assured surviving date of maturity provided policy is in force, this term assurance plan allows refund of Total Premiums paid/Single Premium paid excluding any extra premium, any rider premium and taxes paid. 

On Death: In case of death during the policy term, provided the policy is in force ‘Sum Assured on Death’ shall be payable which will be:- 

(a)    For Regular Premium Payment Policies:-  Highest of  7 times of Annualized Premium or 105% of “Total Premium Paid” upto the date of death or Basic Sum Assured. 

(b)   For Single Premium Policies:-  Higher of 125% of Single Premium or Basic Sum Assured. 

Two types of optional Riders viz. Accidental Death & Disability Benefit Rider and Accident Benefit Rider  are available by paying additional premium. 

Settlement option is available to receive the maturity/death benefit over a period of 5 years.  

The plan is available for sale ONLINE at our website www.licindia.in.    This plan can be purchased Offline through Agents, Corporate Agents, Brokers, Insurance Marketing Firms (IMF). 

The plan is a non linked and non participating plan.  

 

 

Comments

Post a Comment

Popular posts from this blog

Are ‘Unseen Forces’ Really Driving Political Vendetta Against Darwin Platform Chief Ajay Harinath Singh?

-
Image
by samikha   Mumbai, May, 2024: The scion of Lord Shri Ram's lineage, Darwin Platform Group of Companies (DGPC) Founder and Chairman Ajay Harinath Singh has found himself targeted by unseen forces with vested interests. Retaliating to these ‘unseen forces’ the Darwin Platform Chief emphasized that life threats and malicious campaigns, resulting from political vendetta make him more determined to fight the battle and expose them.  The whispers of a conspiracy began years ago, fueled by jealousy and fear of his growing influence in the 2000s. Coming from a Royal family of Sultanpur (Uttar Pradesh), his popularity in the state and Maharashtra unnerved many political parties that used to govern. Aligned with sacred lineage, his passion for nation-building and Hindutva made him popular among people and the BJP, however, this antagonized Congress and their current allies. Questions are many- Was the Congress party, in its bid to maintain its hold on power, orchestrating a campaign t...
Read more

Dell Technologies Reimagines Work with New PCs, Monitors and Software Experiences

-
Image
     by Samiksha   ·         Work smarter than ever before with the industry’s most intelligent [i] , secure [ii]  and sustainable [iii]  business PCs ·          5G-capable PCs and Microsoft Teams certified displays unlock enhanced connectivity and collaboration ·          Dell elevates sustainability standards with first commercial  PCs to use bioplastics from tree waste ·         Built-in low blue light and security technology enhance and secure the customer experience Bangalore, India -January, 2021;   Dell Technologies (NYSE:DELL) unveiled new products and software that reimagine work so anyone can perform at their best. With a new portfolio of intelligent, collaborative and sustainable devices, Dell is transforming work experiences to give people greater flexibility to work from anywhere. “Peopl...
Read more

‘Dennkur’ The World’s First Curcumin Pastille For Oral Health Care Launched

-
Image
The World’s First Curcumin Pastille For Oral Health Care Launched In Mumbai   Mumbai, March 07:  For the first time in the field of dentistry, Curcumin – a concentrated extract of turmeric with its excellent therapeutic effects has made its way as a pastille for preventive oral health care. This first of its kind pastille christened ‘Dennkur’ was launched in Mumbai yesterday and will be available with dentists across the country. The product has been introduced by Denteks, leading experts in dental technology of which Dr. Nirupam K Doctor and Dr. Lalit K Chokhani launched the breakthrough product in the presence of several eminent doctors and researchers. The 100 per cent ayurvedic and sugar-free medicine is backed by clinical and social trials and has proved to be highly effective in preventive and therapeutic applications in a variety of oral diseases including bleeding gums, receding gums, gingivitis, and periodontitis, among others. “...
Read more