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Showing posts from April, 2024

LIC's Jeevan Utsav Plan details

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 LIC's Jeevan Utsav is a **Non-Linked, Non-Participating, Individual, Savings, Whole Life Insurance plan**. Here are some key details about the plan: - **Financial Support**: It provides financial support to the family in case of the unfortunate death of the Life Assured. - **Survival Benefits**: There are survival benefits in the form of Regular Income Benefit or Flexi Income Benefit, as per the option chosen by the policyholder. - **Guaranteed Additions**: The plan offers guaranteed additions throughout the Premium Paying Term. - **Premium Paying Term**: You have the flexibility to choose a Premium Paying Term from 5 to 16 years. - **High Sum Assured Rebate**: There's a rebate for high sum assured amounts. - **Rider Benefits**: Optional rider benefits are available on payment of an additional premium. - **Loan Facility**: The plan takes care of liquidity needs through a loan facility. **Eligibility Conditions**: - Minimum Age at Entry: Ranges from 90 days to 8 years, dependin...

LIC's Amritbaal Plan One of The Best Plan for Your Children's

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**LIC's Amritbaal** is a **Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan** designed specifically to create an adequate corpus for your child's higher education and other needs. Here are the key details: 1. **Guaranteed Addition**: Throughout the policy term, there's a guaranteed addition of ₹80 per thousand Basic Sum Assured. 2. **Life Insurance Coverage**: You can choose life insurance coverage for your child based on their needs. 3. **Premium Payment Options**:     - **Single Premium**: Pay the premium in a lump sum.     - **Limited Premium Payment**: Choose from 5, 6, or 7 years. 4. **Maturity Age**: You can select the maturity age from 18 to 25 years for various child-related needs. 5. **Benefit Payout Options**:     - You have the option to receive benefits in installments.     - You can also choose the **Premium Waiver Benefit** rider by paying an additional premium. 6. **High Sum Assured Rebate**: Attractive rebate...