Jeevan Bharti

Features of plan This is an exclusive Money back policy for women only with female critical Illness (FCI) and congenital disability benefit (CDB). This plan encourages women to save for safety. it provides free insurance cover for three years if first two years premium has been paid. It has an option to en cash the survival benefit as and when needed. Flexibility to pay premium in advance and avail premium rebate of 4% per annum option to receive maturity proceed in the form of an annuity. This plan is not allowed for pregnant ladies and the proposers who already have children with congenital disabilities. Waiting period will be 6 months for FCI Benefits & 1 years for CDB Benefit. Lives attracting EMR class II (by build only) will be accepted female lives with physical disability attracting std. extra of Rs.2 per 1000 S.A. under group "A" only will be eligible. Female critical (FCI) benefit: a benefit equal to the S.A. (subject to a maximum of Rs.2Lacs, will be available on the occurrence of any of the following critical Illnasses. Breast cancer; ovarian/ fallopian tube cancer; cervical cancer; uterine cancer; vaginal/ vulval cancer Congenital disability benefit (CDB): if a child born to the policyholder, suffers from any of the congenital disabilities listed below, a benefit equal to 50 % of the S.A. (subject to a maximum of Rs.1Lac) will be available for two children. Conditions apply. The list of congenital disabilities: downs syndrome; spina bifida; Tetralogy of fallot; oesophageal atresia & tracheo-oesaphageal Fistula, anal atresia, imperforate anus, cleft palate with or with or without cleft Lip. Paid-up/ Guaranteed special surrender value: it is eligible after the expiry of 3 yrs. If the premium have been paid fully. Plan parameters Age at entry: Min.18 yrs Max. 50 yrs Maturity age: Max. 70 yrs Term allowed: 15 & 20 yrs Sum assured: Min.50,000 Max.25 Lac S.A. in multiples: 5,000 Mode of payment: YLY only Accident benefit: Rs.1 extra per (Max. 50 Lac inclusive 1000 SA All plans) Policy loan: N.A. Housing loan: N.A. Assignment: yes Revival: yes Surrender of policy: yes Term rider: N.A. CIR: N.A. Underwriting condition Form no: 300+ addendum Age proof: std/NSAP-1 Female lives category: I/II/III Medical exam: must (female medical examiner only) Actual sum assured: 1.5 times SA Risk coverage: SA+GA +Bonus (bonus after 1st 5 yrs) Dating back @ 8%: Allowed BENEFIT Survival benefit: 20% of the S.A. at the and of 5/10/15 years for 20 years term (balance payable on maturity plus guaranteed addition plus bonus if any) Maturity benefit: for policy term of years: 60% of the S.A. + G.A and bonus after 1st yrs. As declared, will be paid. Death benefit: on death within the 1st policy years S.A.+G.A will be paid on death after 5 policy years S.A.+ G.A.+ Bonus, if any irrespective of all earlier survival benefit paid is payable. Example: Mrs. Ambani aged 30 yrs. Is a working woman. she opts for jeevan bharati plan for term 20 yrs. And SA Rs.2 Lac She pays an annual premium of Rs.14910. after 5,10,15 years each she will get 20% of S.A. i.e. Rs.40,000. at the end of 20 yrs. She will get Balance S.A. + G.A Bonus if any i.e. Rs.80,000 +50 x 20 x 200 (bonus assured as 50 per 1000 SA) = 80,000 +1000 SA terminal bonus, if any = 2,80,000+ terminal bonus, if any on death after 4 years her nominee will get S.A + G.A = 2,00,000 + 50 X 4X 200 = 2,00,000 + 40,000 = 2,40,000 + Terminal Bonus, if any. [formidable id=4 title=true description=true] Special Tags: - LIC Agent, Jeevan Saral, Best Life Insurance Policy, Job consultant, Top Consultant List, Part time work, Back Link Services, irda exam, Become LIC Agent, Part time job, full time job, Shopping Online, Online Shopping, Mobile, Shopping 24x7, Find Online Info, Best online info, Best Anti virus, Computer and Internet Tips, Jeevan Saral, ATM Plan by LIC