Why should you purchase Insurance BEFORE 15 December 2013

What is happening to LIC on the 30th of September 2013?

• On 30th of September, most of the traditional plans of LIC of India are being retired. They are being replaced by new plans. This is because IRDA has come up with new regulations for linked, non-linked and health plans.
• Till now, LIC has been bearing the cost of Service Tax. For all policies taken after 30 Sep 2013, the Service Tax will be borne by the Customer. For some plans, the date has been extended to 31 Dec 2013.  However, a number of plans will be retired in a phased manner.
• While the last date for a few plans remains at 31 Dec 2013 (which plans will stay till then is not clear), it is suggested to do all buying before 15 Dec 2013 to account for holidays and other processing delays.

How does it affect the Customer?

• New Insurance Policies are set to be costly by the addition of Service Tax
• No impact expected on policies purchased before 30 Sep 2013.

How much is the Service Tax?

•  3.09% of the Premium paid. So your premium goes up by 3.09% per year

A sample projection below:

What if Analysis Report - Why should you purchase Insurance BEFORE 30th Sep'13
	BEFORE 30th Sep'13	** AFTER 1st Oct'13
Annual premium payable	61,320	61,320
Service tax applicable in the first year @ 3.09%		1,895
Net Premium payable in first year	61,320	63,215
Annual premium payable in subsequent year	61,320	61,320
Service tax applicable in the subsequent year @ 1.545%		947
Net Premium payable in subsequent year	61,320	62,267
TOTAL Premium payable during the term	23,59,796	23,97,202
Summary of the analysis
Additional amount to be paid, if purchased AFTER 1st Oct'13 ( i.e.: 2,397,202 minus 2,359,796)		37,406
If the additional amount to be paid is re-invested @ 9.00%, the amount would be		11,47,523
Conclusion
LOSS due to the Insurance postponed for purchase AFTER 1st Oct 2013		37,406
Overall considering the magic of compounding, the LOSS amount would be (if invested @ 9.00%)		1,147,523

LIC's Jeevan Ankur - Save for your Child - Plan No. 807

LIC's Jeevan Ankur

Plan No. 807  - UIN-512N267V01

• An excellent Plan to Protect your Child's golden future
• A With Profit Plan
• A New Attractive Plan From LIC for Your Child.
• Excellent Plan which takes care of the multiple Financial needs that arise as your kids grow up.
• Parent is the Life assured and your child is the beneficiary.

Benefits

• Maturity - End of the Term: Basic Sum Assured +Loyalty Additions
• In the event of Death of LA:

1. Basic S .A. for Immediate Expenses.
2. Income Benefit meets yearly Expenses. (10% of BSA every year).
3. Maturlty Benefits as planned

Eligibility

• Entry age : Life assured -18 years to 50 years should Have a child Between 0 to 17 Years
• Term : Min :18 minus child’s age or 8 years whichever is higher
• : Max : 25 minus child's age.
• Minimum S.A : Rs 100000 multiples of Rs. 5000 and no upper limit of maximum SA.
• Mode of premium payment : Single, Yearly, Half yearly, Quarterly and Mly (ECS and SS8 only)
• Attractive Mode rebate and High SA, rebates are available.
• Optional Riders :
• Accident benefit
• Critical illness benefit
• PWB option under critical illness rider

Sample premium Rates:

 Following are some of the sample premium rates (exclusive of service tax) per Rs. 1,00,000/- S.A.:

Single Premium
Age	Policy term
	10	15	20	25
20	61,545	49,495	40,595	34,800
30	61,880	50,335	42,210	37,530
40	63,875	54,160	48,360	46,360

Annual Regular Premium
Age	Policy term
	10	15	20	25
20	9,065	5,645	3,970	3,110
30	9,120	5,750	4,135	3,350
40	9,470	6,235	4,780	4,175

A Must-have Plan for all Parents

For more details contact on 98860 98816 or lic.purna@gmail.com

Details in Kannada 

LIC’s NEW JEEVAN NIDHI - A Deferred Pension Plan - No. 812

LIC’s

NEW JEEVAN NIDHI

(A Deferred Pension Plan - Plan No. 812)

• A conventional with-profit pension plan.
• On maturity the amount of sum assured+guranted addition+bonus will be converted into immediate annuity.
• Guranteed addition @ Rs. 50/- per Rs.1,000/- sum assured during the first five year.
• From sixth year onward simple reversionary bonus upto date of vesting
• Death risk covered during deferment period.
• Annuity will be paid at the rate applicable at the time of vesting.
• On date of vesting option to take immediate annuity or invest the amount in deferred annuity plan of LlC.
• Accident Benefit available
• Age at entry from 20 years to 60 years
• Deferment period 5 years to 35 years
• Minimum age at vesting 55 years maximum 65 years.
• Minimum Sum Assured Rs.1,00,000/- in Regular Premium and Rs. 1 ,50,000/- in Single Premium
• No limit of Maximum Sum Assured
• All Modes allowed
• High Sum Assured and Mode rebate available.
• Policy can be dated back

 Sample Premium Rates:

Following are some of the sample premium rates (exclusive of service tax) per Rs.1,00,000/- Sum Assured:

 

Single Premiums
Age at entry	Policy term
	10	20	30
25	-	-	43,580
35	-	61,200	45,615
45	85,255	63,280	-

Annual Premiums
Age at entry	Policy term
	10	20	30
25	-	-	3,275
35	-	5,360	3,480
45	11,525	5,715	-

 

 

Policy Highlights in Kannada

 For more details, contact me on lic.purna@gmail.com or 98860 98816

LIC's Flexi Plus - A Unit Linked Plan - No 811

LIC's Flexi - Plus

(A Unit linked plan - Plan No. 811)

Quick View of Benefits

• Two Funds to choose from - Debt Fund & Mixed Fund
• On Maturity Policyholders Fund Value will be paid.
• On Death three benefits

1. Immediate lump sum payment equivalent to sum assured
2. All future premium credited to Policy holder's Fund
3. On maturity date the Policy holder's Fund Value payment

• Four free switches of Fund in a year
• Partial Withdrawal is allowed
• All modes allowed
• Sum Assured: (10* annualized premium) or (105% of the total premiums paid including any premiums which have fallen due but not paid), whichever is higher.
• Premium range:

Mode	Minimum (Rs.)	Maximum (Rs.)
Yearly	15,000	100,000
Half-Yearly	10,000	50,000
Quarterly	5,000	25,000
Monthly (ECS)	2,000	8,000

         




    

•  Entry Age between 18 years to 50 years
• Maximum maturity age 60 years
• Policy Term between 10 years to 20 years
• Charges likes Premium Allocation Charge, Mortality Charge, etc. applicable by cancelling units.

Quick View of Plan Benefits in Kannada

 
 For More Details: Please contact me on lic.purna@gmail.com or 98860 98816

LIC's Samridhi Plus: Guaranteed Returns New Plan from LIC

LIC's Samridhi Plus: Unit-Linked Insurance Plan

UIN: 512L265V01 Table No. 804

Guaranteed Returns New Plan from LIC

Your Search for Guaranteed Highest Returns with Life Cover Stops Here with LIC's Samridhi Plus

Your Prosperity – Our Guarantee

Guaranteed Highest NAV of First 100 Months

Plan Highlights:

1. Life Cover at Cheaper Rate
2. Accident Benefit
3. Liquidity
4. Investment Bhi... Bima Bhi
5. Unlimited Single Premium
6. Minimum Allocation Charges
7. Secure Investment

Safe and Secure Investment Fund

One time payment or short-term investment

Eligibility Conditions:

• Anyone from 8 years to 65 years can invest
• Minimum single premium of Rs. 30,000/-
• Single Premium Available, no upper limit
• Encashment Provision after 5 years
• Partial withdrawal, Surrender, discounting*
• Risk cover
• Tax Benefit Available
• Single Premium, Yearly, Half-yearly, Quarterly, Monthly (ECS) modes available.

Contact me at 98860 98816 Immediately

Or Infocentre at 1251 for BSNL Landline Users or 080-26659230 for mobile users

For further details, please check the following link:http://www.licindia.in/samridhi_features.html

* Past performance may not be indicative of future Performance

Hurry!... Available for Limited Period only