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