Post on 30-Jan-2016
description
UNIT MEETING
K.SANKAR SBA
TOPICS FOR THE DAY
All the 9-NEW PLANS
Review of our TEAM’S Performance
YEARLY GOAL Review
Table-814 - NEW ENDOWMENT PLANTable-815 - NEW JEEVAN ANANDTable-816 – NEW BIMA BACHATTable-817 – SINGLE PREMIUM ENDOWMENT
PLANTable-818 – NEW JEEVAN NIDHITable-820 – NEW MONEY BACK PLAN (20-YRS)Table-821 – NEW MONEY BACK PLAN (25-YRS)Table-822 –ANMOL JEEVAN IITable-823 – AMULYA JEEVAN II
What are the NEW PLANS of LIC ?
NEW ENDOWMENT PLAN (814)
New Avatar of our most popular Table-14Age at Entry: 8-completed Max Entry: 55-yrsTerms: 12 to 35 years only; Max Maturity Age:75Modes allowed: Yly/Hly/Qly/ECS/SSS. No
MONTHLYMinimum Sum Assured: 1-Lac No Maximum
LimitAll Male Lives & Females of all Categories eligibleAll Non-Medical Schemes eligible as per rulesAll Age-Proofs (Standard, NSAP-1/2/3) acceptableService Tax to be borne by Policyholder as per
Govt rules
NEW ENDOWMENT PLAN (814)
Maturity Benefits
Death Benefits
Accident Benefit & Disability Benefit (AB & DB)
BENEFITS OF TABLE - 814
SUM ASSURED +
REVERSIONARY BONUS +
FINAL ADDITIONAL BONUS (if applicable)
MATURITY BENEFITS
Sum Assured on Death (SAD) + BONUS + FAB
What is Sum Assured on Death?
It is:Basic Sum Assured (or)10-times of Annualized Premium (or)105% of the Premiums paid as on date of death;
Whichever is Higher….
DEATH BENEFIT
AB & DB Rider is nothing but EPDB.What is AB & DB Rider?Covers Accidental Death as well as Permanent
DisabilityIf death occurs due to accident, 1-more SA is
payable.For Permanent Disability of any 2-Limbs due to
Accident,Future Premium is waivedBasic SA is given back to the Policyholder in 120-
instalmentsFull SA + all other maturity Benefits are given on
Maturity.
ACCIDENT BENEFIT & DISABILITY BENEFIT (AB &DB RIDER)
Loan Facility available after 3-yearsSurrender allowed after 3-yearsLapsed Policy to be revived within 2-years
from FUPCommission rates are: 35% in 1st year,
7.5% in 2nd & 3rd and thereafter 5% in subsequent years
No Foreclosure action is taken for IN-FORCE policies
Service Tax to be borne by the Policyholder.
OTHER FEATUERES OF TABLE - 814
NEW JEEVAN ANAND (815)
New Avatar of our most popular Table-149Age at Entry: 18-completed Max Entry: 50-yrsTerms: 15 to 35 years only; Max Maturity Age:75Modes allowed: Yly/Hly/Qly/ECS/SSS. No
MONTHLYMinimum Sum Assured: 1-Lac No Maximum
LimitAll Male Lives & Females of all Categories eligibleAll Non-Medical Schemes eligible as per rulesAll Age-Proofs (Standard, NSAP-1/2/3) acceptableService Tax to be borne by Policyholder as per
Govt rules
NEW JEEVAN ANAND (815)
Maturity BenefitsDeath BenefitsAccident Benefit & Disability Benefit (AB &
DB)FREE RISK COVER after MATURITY
BENEFITS OF TABLE 815
SUM ASSURED +REVERSIONARY BONUS +FINAL ADDITIONAL BONUS (if applicable)
MATURITY BENEFITS
Sum Assured on Death (SAD) + BONUS + FAB
What is Sum Assured on Death?It is:
125% of Basic Sum Assured (or)10-times of Annualized Premium (or)105% of the Premiums paid as on date of
death;
Whichever is Higher….
DEATH BENEFIT
AB & DB Rider is nothing but EPDB.What is AB & DB Rider?Covers Accidental Death as well as Permanent
DisabilityIf death occurs due to accident, 1-more SA is
payable.For Permanent Disability of any 2-Limbs due to
Accident,Future Premium is waivedBasic SA is given back to the Policyholder in 120-
instalmentsFull SA + all other maturity Benefits are given on
Maturity.
ACCIDENT BENEFIT AND DISABILITY BENEFIT (AB & DB RIDER)
FREE RISK COVER for Basic Sum Assured life-long
DAB Cover is available up to Age:70
FREE RISK COVER AFTER MATURITY
NEW JEEVAN ANAND (815)
NEW BIMA BATCHAT PLAN (816)
NEW BIMA BATCHAT PLAN (816)
Single Premium Money Back Plan for 9, 12 & 15 years
Age at Entry: 15-completed Max Entry: 66-yrs Max Maturity Age:75Minimum Sum Assured: 35,000/50,000/75,000
(9,12,15)All Male Lives & Females of all Categories eligibleAll Non-Medical Schemes eligible as per rulesAll Age-Proofs (Standard, NSAP-1/2/3) acceptableService Tax to be borne by Policyholder as per
Govt rules
Features and Benefits of 816SB of 15% of SA payable every 3-yearsReturn of Premium + Loyalty Addition on
MaturityDeath Benefit:
Within 5-years: SA is payableAfter 5-years: SA + Loyalty Addition is
payableLoan available after 1-yearSurrender of Policy can be done ANYTIME.
SINGLE PREMIUM ENDOWMENT (817)
SINGLE PREMIUM ENDOWMENT (817)
Age at Entry: 90-DAYS completed Max Entry: 65-yrs
Terms: 10 to 25 years only; Max Maturity Age:75Minimum Sum Assured: 50000 No Maximum LimitAll Male Lives & Females of all Categories eligibleAll Non-Medical Schemes eligible as per rulesAll Age-Proofs (Standard, NSAP-1/2/3) acceptableService Tax to be borne by Policyholder as per Govt
rules
NEW MONEY BACK PLAN (820)
NEW MONEY BACK PLAN (820)
Limited Premium money back plan; Term:20; PPT: 15
Age at Entry: 13-completed Max: 50-yrs; Max Maturity:70
Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLYMinimum Sum Assured: 1-Lac No Maximum LimitAll Male Lives & Females of all Categories eligibleAll Non-Medical Schemes eligible as per rulesAll Age-Proofs (Standard, NSAP-1/2/3) acceptableService Tax to be borne by Policyholder as per Govt
rules
BENEFITS of Table No. 820Survival BenefitsMaturity BenefitsDeath BenefitsAccident Benefit & Disability Benefit (AB &
DB)
SURVIVAL BENEFITS 820At the end of 5th year: 20% of the Sum
AssuredAt the end of 10th year: 20% of the Sum
AssuredAt the end of 15th year: 20% of the Sum
Assured
MATURITY BENEFITS 820 Balance 40% SUM ASSURED +REVERSIONARY BONUS +FINAL ADDITIONAL BONUS (if applicable)
DEATH BENEFIT 820Sum Assured on Death (SAD) + BONUS +
FABWhat is Sum Assured on Death?It is:
125% of Basic Sum Assured (or)10-times of Annualized Premium (or)105% of the Premiums paid as on date of
death;
Whichever is Higher….
Accident Benefit & Disability Benefit (AB & DB Rider)
AB & DB Rider is nothing but EPDB.What is AB & DB Rider?Covers Accidental Death as well as Permanent
DisabilityIf death occurs due to accident, 1-more SA is
payable.For Permanent Disability of any 2-Limbs due to
Accident,Future Premium is waivedBasic SA is given back to the Policyholder in 120-
instalmentsFull SA + all other maturity Benefits are given on
Maturity.
Other Features of Table-820Loan Facility available after 3-yearsSurrender allowed after 3-yearsLapsed Policy to be revived within 2-years
from FUPCommission rates are: 28% in 1st year, 7.5%
in 2nd & 3rd and thereafter 5% in subsequent years
No Foreclosure action is taken for IN-FORCE policies
Service Tax to be borne by the Policyholder.
NEW MONEY BACK PLAN (821)Limited Premium money back plan; Term:25; PPT:
20Age at Entry: 13-completed Max: 45-yrs; Max
Maturity:70Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLYMinimum Sum Assured: 1-Lac No Maximum LimitAll Male Lives & Females of all Categories eligibleAll Non-Medical Schemes eligible as per rulesAll Age-Proofs (Standard, NSAP-1/2/3) acceptableService Tax to be borne by Policyholder as per Govt
rules
BENEFITS of Table-821Survival BenefitsMaturity BenefitsDeath BenefitsAccident Benefit & Disability Benefit (AB &
DB)
SURVIVAL BENEFITSAt the end of 5th year: 15% of the Sum
AssuredAt the end of 10th year: 15% of the Sum
AssuredAt the end of 15th year: 15% of the Sum
AssuredAt the end of 20th year: 15% of the Sum
Assured
MATURITY BENEFITSBalance 40% SUM ASSURED +REVERSIONARY BONUS +FINAL ADDITIONAL BONUS (if applicable)
DEATH BENEFITSum Assured on Death (SAD) + BONUS +
FABWhat is Sum Assured on Death?It is:
125% of Basic Sum Assured (or)10-times of Annualized Premium (or)105% of the Premiums paid as on date of
death;
Whichever is Higher….
Accident Benefit & Disability Benefit (AB & DB Rider)
AB & DB Rider is nothing but EPDB.What is AB & DB Rider?Covers Accidental Death as well as Permanent
DisabilityIf death occurs due to accident, 1-more SA is
payable.For Permanent Disability of any 2-Limbs due to
Accident,Future Premium is waivedBasic SA is given back to the Policyholder in 120-
instalmentsFull SA + all other maturity Benefits are given on
Maturity.
Other Features of Table No. 821Loan Facility available after 3-yearsSurrender allowed after 3-yearsLapsed Policy to be revived within 2-years
from FUPCommission rates are: 28% in 1st year, 7.5%
in 2nd & 3rd and thereafter 5% in subsequent years
No Foreclosure action is taken for IN-FORCE policies
Service Tax to be borne by the Policyholder.
new jeevan nidhi 818
818- NEW JEEVAN NIDHIEligibility Conditions, Restrictions and Benefits: Age at entry: 20 – 58 years N.b.d (for Regular
Premium ) Age at entry: 20 – 60 years N.b.d (for Single
Premium) Age at vesting: 55 – 65 years Deferment term: 7 – 35 years (for Regular Premium ) Deferment term: 5 – 35 years N.b.d (for Single
premium )Basic Sum Assured: 1, 00,000 – No limit (Under
regular premium Plan in multiples of 5000)Basic Sum Assured: 1, 50,000 – No limit (Under single
premium Plan in multiples of 5000)
new jeevan nidhi 818Payment Modes: Single, Yearly, Half yearly,
Quarterly, Monthly (ECS or salary deduction)Mode Rebates Yearly 2% of TP, Half Yearly 1% of
TPBasic Sum Rebates For 3,00, 000 & above –
Regular Rs. 2.00 / Single Rs. 3.00 per thousand BSA
ADDB rider (Optional) Rs 1.00 per / Rs 1.50 per thousand SA. Min. SA 1, 00,000. Opt able any time
Service Tax 2013-2014 First year 3.09% Subsequent 1.545%
Loan Not allowedSurrender Regular:- After 2 years for Def.
Single Premium: if within 3 years of DOC then 70% of Single premium
Death Benefit** Before first 5 years : BSA + GA @ 50 per
thousand BSA which is Payable as Lump sum / Annuity OR Partly Lump sum & Balance as annuity Death Benefit After first 5 years: BSA plus GA for 5 Years @ 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. (Payable Lump sum / Annuity OR Partly Lump sum & Balance as annuity) ** Total death benefit at any time shall not be less than 105% of total premiums paid.
new jeevan nidhi 818
Benefits on Vesting**BSA plus GA for 5 Years @ 50 per thousand BSA
plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. ** Proceeds are Payable in two choices o Purchase an immediate annuity. From LIC of India only. After commuting to the extent allowed under IT act. / Without commuting o Purchase a new single premium deferred pension product from LIC of India Without commuting ** Provided the amount required is sufficient to purchase a minimum amount of annuity .If not it will be paid out in a lump sup
new jeevan nidhi 818
L.I.C’sTERM INSURANCE PLANS
PLAN No-822 ANMOL JEEVAN – IIPLAN No-823 AMULYA JEEVAN – II
Term Assurance Plans: 822 & 823
term assurance plan
New Anmol JEEVAN II
Plan No. 822
Anmol jeevan II 822FEATURES Pure Term Assurance Policy
Low Premium, Low Risk Cover Plan
Ideal for: Youngsters making start-in-life People interested in pure risk cover
only
Anmol jeevan II 822DEATH BENEFIT
Full Sum Assured is paid to the Nominee in the event of death of the Policy Holder
Anmol jeevan II 822Features not available in the plan
Maturity - No Maturity would be given to the policyholder at the end of the term
Surrender value - No surrender value will be available under this plan
Loan - Loan facility is not available in this plan
Paid up value -The policy will not acquire any paid up value
Anmol jeevan II 822PLAN SPECIFICATION
Minimum Age - 18 (years completed) Maximum Age – 55 (nearest birthday) Minimum Term – 5 Maximum Term - 25 Minimum Sum Assured – 6,00,000 Maximum Sum Assured – 24,00,000
Anmol jeevan II 822
term assurance plan
LIC’s New AMULYA JEEVAN II
Plan No. 823
Amulya jeevan II 823FEATURES Pure Term Assurance Policy
Low Premium, High Risk Cover Plan
Ideal for: Youngsters making start-in-life People interested in pure risk cover
only
Amulya jeevan II 823Low Cost – benefit Cheapest Policy for Risk Cover Purpose
Risk Cover available till age 70
Sum Assured is provided to Nominee on death of the Policyholder
Amulya jeevan II 823DEATH BENEFIT
Full Sum Assured is paid to the Nominee in the event of death of the Policy Holder
Amulya jeevan II 823Features not available in the plan
Maturity - No Maturity would be given to the policyholder at the end of the term
Surrender value - No surrender value will be available under this plan
Loan - Loan facility is not available in this plan
Paid up value -The policy will not acquire any paid up value
Amulya jeevan II 823PLAN SPECIFICATION
Minimum Age - 18 (years completed) Maximum Age – 60 (nearest birthday) Minimum Term – 5 Maximum Term - 35 Minimum Sum Assured – 25,00,000 Maximum Sum Assured – No Limit
Amulya jeevan II 823
Jeevan Akshay Table No. 189
Jeevan Akshay Table No. 189