Insurance

Life insurance is most important instrument in Human Life, since we can desire and design our dream of life like life interest protection like death risk coverage, slow savings, guaranteed savings for dependents benefit on death or maturity yield for yourself and family, design for slow savings, long time compounding yield like by death or on maturity are non-taxable under sec10(10)D, Saving tax on premium payments under sec 80C, Children Educational Planning Retirement Planning, Wealth Building, Dreams of Life any out of life insurance plans by Life Insurance Corporation of India, Sovereignty given by Govt of India.

 ENDOWMENT PLANS
Endowment Plans are basic Plans of Life Insurance Company are fixed term paying and Maturity Plans with life risk coverage, Accidental Coverage (optional) with Loyalty are Bonus on maturity on death claim.

JEEVAN LABH
This is a Limited premium payment, non linked, with profits Endowment Assurance Plan. Plan provides accidental death risk, disability benefit with loyalty and final additional benefit available plan for 8 yrs to 59 yrs aged in three terms like
 16 yrs term with only 10 yrs premium paying term extended benefits coverage for non payment period with like Endowment Plan tax benefits sec 80C and sec10(10)D
 21 yrs term plan with premium payment period of 15 yrs and
 25 yrs term with 16 yrs premium payment period plans suitable for people want to pay short term and maturity long term with all benefits can afford to plan for Children Education, Marriage and Retired Benefits

NEW JEEVAN UMANG
This is non linked, with profit whole life plan provide annual survival benefit after policy term till llife, total maturity benefit paid on death along with bonus and other benefits.
This plan provides garuanteed survival benefit annually(annuity) 10 % of sum ensured every year till life and settlement on death as maturity sum assured plus bonus paid to nominee.Risk coverage in policy term death risk of sum assured plus equally accidental benfit and bonus paid to nominee.Loan surrender available in this policy.

NEW ENDOWMENT PLAN
This is a regular premium payment with profit Endowment Plan, Fixed term Policy, payment of premium policy of upto end of term or till the death, which ever earlier, from 8 years completed till 55 years aged person policy is available minimum 1 lac sum assured maximum no limit, riders avilable all modes of payments available like monthly Mly ECS, Qly, Hly and yearly.

LIMITED PREMIUM ENDOWMENT PLAN
It is as like Endownment plan only except premium term is less than the term of the plan is available in 5,10,15 and 20 years, (example: Policy holder takes 20 years term can select premium payment term 5 or 10 or 15 years.)

JEEVAN LAKSHYA
It is a plan which is limited premium paying conventional with-profit endownment plan. Plan helps to family, children education in case of pollicy holder unforturnate death before policy maturity 10% of sum assured paid till the term selected and on term closure sum assured bonus and any final additional bonus paid to nominee . Premiums need not to be paid till term, if death occurs to proposer will enjoy all above said benefits and finally all maturity benefits.
It is well suited plan who plans for children education, marriage and family well fare.

JEEVAN RAKSHAK
This is a Non-linked , With-Profits,less premiium , high sum assured coverage for both standard and non standard age proof individauls.Maximum sum assured available is 2 lacs only. Auto cover is available for 2 years time after completion of 2 full policy years.

MONEY BACK PLANS 

NEW MONEY BACK 20 YEARS AND 25 YEARS
Non-linked , with-Profit, limited premium payment plans available in 20 and 25 years, from the age 13 to 50 years available plans yeilds in regular intervals of 5 years, 20% and 15 % of sum assured respectively, premium payment term is 15 and 20 respectively.
Death benefit and accident benefit both are available, paid full sum assured if accidental and bonus applicable before maturity term in force condition without deducting survival benefits paid. On Maturity yeilds balance of sum assured and bonus plus final additional bonus if any, is paid. This plan is suitable for people looking at tax exemption, regular returns , risk coverage, non-taxable returns , etc. Loans available in this policy.
BIMA BACHAT
It is lemsum investment plan, non-linked , with loyality and risk coverage, loan facility, surrender facility available. Well suited for fixed income, expecting non-taxable return oriented people aged between 15 and 66 years . Available in three term 9,12 and 15 years, 35 , 50 and 70 thosands minimum investment and no limits respectively in all terms. MoneyBack given once in three years 15% of sum assured , maturity after the term is full deposited premium and applicable loyality, in these plans loan available after one year at LICs prevailing interest rate.
 BIMA DIAMOND
It is limited payment , non-linked , moneyback with profits endownment palns. Available in 16 , 20 and 24 years terms , minimum age is 14 and maximum is 50 years. The moneyback intervals 4 , 8 , 12 , 16 and 20 years depends on term of the policy e.i 15% of term assured in 16 and 20 term years 12% in 24 years term plan. Premium payment Term 10, 12 and 15 year for 16 , 20 and 24 years respectively.Risk coverage is llike endownment , covers from beginning till end. In force of policy.Accidental coverage available, death claim on maturity carries loyality, after completion of 5 policy years, if premium is not paid for 2 years from last premium paid date, risk continues, policy can be continued by paying premium and interest within 2 years by auto cover.

CHILDRENS PLANS 
NEW CHILDREN MONEY BACK
It is non-linked , with-profit , regular premium payment moneyback plan, specially designed to meet different financial need of children through survival benefits, risk coverage on child and addtionally PWB(Premium Waver Benefit) – for proposer of minor age of the child (in case death of proposer with PWB future premium paymet will be waved and survival benefits, maturity or statutory.Age entry for child is 0 year and maximum 12 years.
Term is 25 years maximum. Minimum 1 lac and no lomit for maximum. Moneyback by 18, 20 and 22nd year 20% of sum assured is paid and on 25th year balance of sum assured and bonus plus final addtional bonus if any.

JEEVAN TARUN
It is non-linked, with profit, limited payment plan to meet child educational needs, by selecting survival benefits every year from 20th to 24th years of age of child, 90 days and 12 years is minimum and maximum entry age for child ,PWB is available. From 75000 to no limit sum assured can be selected, death risk to child after completion of 8 years with minimum 2 years cooling period.Three options of survival benefits from 20th to 24th years available are 5 ,10 and 15% every year can be opted out of sum assured, on maturity, balance of sum assured plus bonus paid, plus final additional bonus if any.
JEEVAN LAKSHYA
It is a plan which is limited premium paying conventional with-profit endownment plan. Plan helps to family, children education in case of pollicy holder unforturnate death before policy maturity 10% of sum assured paid till the term selected and on term closure sum assured bonus and any final additional bonus paid to nominee . Premiums need not to be paid till term, if death occurs to proposer will enjoy all above said benefits and finally all maturity benefits.
It is well suited plan who plans for children education, marriage and family well fare.

BHEEMA DIAMOND
It is limited payment , non-linked , moneyback with profits endownment palns. Available in 16 , 20 and 24 years terms , minimum age is 14 and maximum is 50 years. The moneyback intervals 4 , 8 , 12 , 16 and 20 years depends on term of the policy e.i 15% of term assured in 16 and 20 term years 12% in 24 years term plan. Premium payment Term 10, 12 and 15 year for 16 , 20 and 24 years respectively.Risk coverage is llike endownment , covers from beginning till end. In force of policy.Accidental coverage available, death claim on maturity carries loyality, after completion of 5 policy years, if premium is not paid for 2 years from last premium paid date, risk continues, policy can be continued by paying premium and interest within 2 years by auto cover.


SINGLE PREMIUM ENDOWMENT
It is a single time investment plan having all terms and condition of endownment paln with risk coverage non-linked suitable for single time investing investors planning for child education , marriage and lemsum yeild, for the age of 90 days completed baby till 65 years age person can invest minimum 10 and maximum 25 years term available.

 SINGLE INVESTMENT PLANS

SINGLE PREMIUM ENDOWMENT
It is a single time investment plan having all terms and condition of endownment paln with risk coverage non-linked suitable for single time investing investors planning for child education , marriage and lemsum yeild, for the age of 90 days completed baby till 65 years age person can invest minimum 10 and maximum 25 years term available.

 NEW BHEEMA BACHAT
Bima Bachat plan is single investment, non-linked, moneyback, non-taxable returns with loyality benefits and risk coverage, loan facility, surrender facility also available.
Fifteen years minimum entry age , maximum 66 year. Plans available in 9, 12 and 15 years term with 3 years interval moneyback at 15% of sum assured. Maturity gives deposited full premium along with loyality benefit.
Person looking at lumsum deposit with guaranteed returns , non-taxable with risk can definitely afford with above terms available.

WHOLE LIFE PLAN 
NEW JEEVAN ANAND
Jeevan anand is a combination plan of endownment and whole life , Non-Linked, with guanarteed bonus till policy term with all benefits likes risk coverage, accidental are available in policy term with loan facility, tax benefits, etc. The other face of policy is whole life that risk continues without payment after maturity till death or 100th year of policy holder age. On these 2 occations after maturity nominee will get sum assured. In this defferment whole life coverage with loan facility available.
Person who is looking for saving, other features like above with whole life facility is a suitable plan.

JEEVAN UMANG
This is a non-linked, with profit, whole life Assurance plan. This plan is provides fro annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policy holder during the policy term. Policy term available are 15 , 20 , 25 and 30 years. Minimum sum assured is 2 lacs and no maximum limits. Death risk bbonus and final addition bonus all are availiable. Accidental benefits is also available as option for the policy term. After policy paying term on sum assured 8% p.a is paid till death or upto 100th year. On death or 100th year after policy term sum assured plus bonus and final additional bonus if any are paid to nominee, annuity ceases(bonus calculated right from policy inception till the death) hence term stretches more fetches more returns along with sum assured and along with other benefits.

 ULIP

NEW ENDOWMENT PLUS
It is a ULIP plan(Unit Linked Insurance Plan) which offer investment cum insurance during the term of the policy . Policy holder can choose desired premium to pay and covers equivalent level of cover. Premium subject to allocation charges, handling charges , etc used for purchase of unit as per fund types.Units will be alloted basis on the net assest value which is computed on daily basis will be on the investment performance and fund management charges. Age minimum 18 years entry maximum 55 years. Minimum premium monthly 3000 and yearly 20,000.

HEALTH INSURANCE

JEEVAN AAROGYA
It is a unique plan from LIC covers hospital cash benefits, major surgical benefits, day-care procesure benfits, with health , risk cum accident benefits.
Individual can take health cover plan for above benefits, 80D benefits, no-returns on maturity.This plan supports to encash bills above regular other claims.

TERM PLANS

ANMOL JEEVAN II
Term insurance is very low premium plan, only risk coverage, no maturity, 80C benefit, no accidental coverage. People who have more life value like to cover heavy insurance coverage can afford with comperative less coverage.Minimum 18 and maximum 55 years age entry.
Anmol Jeevan is a plan can be covered maximum to 24lacs.

AMULYA JEEVAN II
It is plan with above features can be covered above 25lacs to no limit.

 PENSION PLANS

JEEVAN AKSHAY PENSION PLAN
It is a non-linked, fixed return, annuity lump sum investing plan , annuity starts immediately can be taken for annuity half-yearly and yearly. This investment is not having fix term , it is upto 100th tear from the date of investment, no changing annuity rate with options like return of purchase price on death i.e on the death of the investor complete investment will be given to nominee,annuity ceases. Second option is continuation of annuity to spouse, Third option is annuity with more returns and goes increasing on death or reaching 100th year no return of invested amount.

JEEVAN UMANG
This is a non-linked, with profit, whole life Assurance plan. This plan is provides fro annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policy holder during the policy term. Policy term available are 15 , 20 , 25 and 30 years. Minimum sum assured is 2 lacs and no maximum limits. Death risk bbonus and final addition bonus all are availiable. Accidental benefits is also available as option for the policy term. After policy paying term on sum assured 8% p.a is paid till death or upto 100th year. On death or 100th year after policy term sum assured plus bonus and final additional bonus if any are paid to nominee, annuity ceases(bonus calculated right from policy inception till the death) hence term stretches more fetches more returns along with sum assured and along with other benefits.   

GENERAL INSURANCE

SEGMENT OF INSURANCE THAT GIVES INSURANCE OTHER THAN HUMAN LIFE COVERAGE, LIKE HEALTH INSURANCE(MEDICLAIM-HOSPITALISATION EXPENSES COVERAGE, SURGERY, INFECTIONS, EPIDEMIC, ENDEMIC INFECTIONS TREATMENT).
GENERAL INSURANCE COVERS FIRE, BURGLARY, TRANSIT, TRAVEL, MARINE, PERSONNEL ACCIDENT, ANIMAL RISK COVERAGE ,POULTRY, DOG , CATTLE,ETC , FISHRIE, CARGO, VEHICLES , LIABILITIES ,ETC COVERAGE BY MEANS OF INSURANCING BY GENERAL INSURANCE COMPANIES, THERE ARE PSU COMPANIES LIKE NATIONAL, UNITED, ORIENTAL AND NEW INDIAA INSURANCE. PRIVATE LIKE HDFC, TATA, BIRLA, BAJAJ, RELIANCE, ETC. 

I.MEDICLAIM
(Health Insurance) Mediclaim policy with different plans covers health issues expenses completely weather it is by injury, surgery, infection, etc. The premium paid towards mediclaim insurance exempted under section 80D.
In Mediclaim there are coverages like Individual coverage policy that cannot be shared to other person for any medical issues or cannot be got shared by other person, it is restricted to individual.
Mediclaim has other plan called family floater plan with different terms and conditions, where single sum insurance for group of family members may be proposer with spouse, child or children , parents can be shared among themselves for stipulated each annum by keeping policy in force without break.
There are other mediclaim policy plans for senior citizen , diabetes cases.

II. VEHICLE
Vehicle Insurance is the insurance covers risk on vehicle theft , burning, accident, etc by own damage premium. In the same policy, if third party coverage means driver, passengers or by vehicle on other life damage , injury, life loss occurs or others property damage or loss incurs those can claim their life value, property value, damage loss from the insurance.
Any Vehicle can have insurance like THIRD PARTY INSURANCE means only third party losses as we discussed above not the vehicle loss.
If policy comprises with own damage premium and third party premium is called COMPREHENSIVE INSURANCE.
If Comprehensive Insurance there will be no claim bonus accumulation, under writing discount, depreciation value all applies.

III. TRAVEL
It is insurance usually person who travels inland and oversea can avail any sum insure, prescribed days with purposes like study , research ,tour, seminar, business etc which also covers flight delay , health coverage, life loss by accident, baggage loss in travel , etc.

IV. FIRE AND BURGLARY
Fire insurance is one that covers accidental losses by natural calamities, disasters, riots to accidental happenings to movable- immovable properties like building, godown, stores, product, finished -unfinished raw material, etc.
As burglary mentioned by theft, robbery .

V. OFFICE UMBRELLA, ETC
Any organized working business service providing, etc places with operating system like electronic items, electronic item, partitions and interior and furniture, cash are covered by this policy.




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