| Insurance >> Youngsters >> Jeevan Samriddhi |
| Table No. 154, 155, 156, 157 |
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| Features |
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| Jeevan Samridhi is a money back plan which is giving Guaranteed Addition as well as loyalty addition instead of participating in profits of LIC. |
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| Guaranteed Addition |
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| The Guaranteed Addition @ Rs.65/- per thousand Sum Assured payable for each completed policy year (during which the policy was in force for the full Sum Assured) will be payable at the end of the term of the policy or earlier death of the life assured. |
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| Loyalty Addition (Final Payment) |
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| If the premiums are paid for at least 5 years, loyalty addition may become available along with claim payments. The rate of loyalty addition will be declared by the corporation depending upon the corporation's experience with regards to mortality, interest & expenses and is based on integral number of years' premiums paid. |
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| Suitable For |
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| This plan holds special interest to people who besides wishing to provide for their old age and family feel the need for lump sum benefits at periodical intervals |
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| Benefit |
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| Benefit Illustration |
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| Survival Benefit |
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| Plan |
154/12 |
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% of Sum Assured |
| At the end of 4 years |
20 |
| At the end of 8 years |
20 |
| At the end of 12 years |
60 |
| Plan |
155/15 |
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% of Sum Assured |
| At the end of 5 years |
25 |
| At the end of 10 years |
25 |
| At the end of 15 years |
50 |
| Plan |
156/20 |
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% of Sum Assured |
| At the end of 5 years |
20 |
| At the end of 10 years |
20 |
| At the end of 15 years |
20 |
| At the end of 20 years |
40 |
| Plan |
157/25 |
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% of Sum Assured |
| At the end of 5 years |
15 |
| At the end of 10 years |
15 |
| At the end of 15 years |
15 |
| At the end of 20 years |
15 |
| At the end of 21 years |
40 |
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| On Maturity, the policyholder will receive the balance sum assured as given in the above table plus the guaranteed addition and loyalty addition (if any) |
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| Death Benefit |
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| On death of the life assured during the term of the policy, the basic Sum assured is payable irrespective of survival benefits already paid. |
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| In addition to the basic Sum Assured, Guaranteed and Loyalty additions if any, as per provisions herein below are also payable. |
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| Accident Benefit |
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| The Accident Benefit will be granted under this plan subject to payment of additional premium of Rs 1/- per thousand Sum Assured under this plan, subject to a maximum of Rs.10,00,000/- only.This benefit is inclusive of limit under other plans. The following additional benefits will accrue. |
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| On death due to accident during the term of the contract and provided the policy is in full force on the date of death an additional sum equal to the basic Sum assured will be payable. |
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| On disability due to accident, the basic sum assured will be paid, in monthly installment spread over a period of 10 years starting from first of the month following disablement. |
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| Waiver of the premiums payable in future. |
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| Plan Parameters |
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Minimum |
Maximum |
| Entry Age (years) |
14 |
| plan 154 |
58 |
| plan 155 |
55 |
| plan 156 |
50 |
| plan157 |
45 |
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| Sum Assured |
50000 |
No limit |
| Term (years) |
12 |
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| Mode of Payment |
Max Maturity Age |
Policy Loan Available |
| Monthly, Quarterly,Half- |
70 years |
No |
| Yearly, Yearly, Salary Saving Scheme. |
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