LIC Children plans - complete education planning 9480240513

Children Education Plans

There is no parent who does not think for the future of his child. The education of the child is the very first thing that the parents think about when the baby is born to the family aside from bringing him/her up.



That is why a couple plans for the education of their child as early as they can. This to protect the child from being deprived of his right to education in case something happens to the parents*. Premium waiver benefit comes as a rider.



An Education Insurance can help the child pursue his education with or without his parents. An Education Insurance can be purchased anytime for a child.



The parents therefore can already buy and education insurance for their child even he is not yet born. It is even beneficial on the part of the parents to buy an education plan during this period because the premium is lesser compared to when the child is already there.



So the earlier you buy the plan the lesser the cost is.


* Further premiums are waived off, child gets all benefits at the end as given in the policy documents. 



Please feel free to Call us at 9480240513

LIC Jeevan Anand - 815

LIC'S NEW JEEVAN ANAND - 815

LIC New Jeevan Anand (815) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his or her survival.Premium Payment Mode:
Yearly, Half yrly, Quarterly, Monthly(ECS)
Term :
15 to 35 years
Minimum Entry Age :
18 Year Completed
Maximum Entry Age :
50 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death : Provided all due premiums have been paid, the following death benefit shall be paid:
• On Death during the policy term: Death benefit, defined as sum of “Sum Assured on Death”and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.Where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium.
This death benefit shall not be less than 105% of all the premiums paid as on date of death.The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
• On death of policyholder at any time after policy term: Basic Sum Assured
On Survival : Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Surrendered Value : The policy can be surrendered for cash provided atleast three full years premiums have been paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered
Loan : Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

LIC Endowment Plan - 814

NEW ENDOWMENT PLAN - 814

LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.Plan Number: 814
Plan name: New endowment plan
Minimum Eligible Age: 8
Maximum Eligible Age: 55
Minimum Policy term: 12
Maximum policy Term: 35
Minimum Sum assured: 1,00,000
Maximum Sum Assured: No Limit(Multiple of Rs. 5000)
Minimum age at entry for DAB is 18
Mode of Premium payment: Yly, Hly, Qtly, SSS & ECS
Gender Allowed: Both
Maximum age at entry for Accident benefit: 55
Max cover ceasing age Accident benefit: 70
Minimum Accident Benefit Sum Assured: 1,00,000 (Multiple of Rs. 5000)
Rebate: Available Yearly and Half yearly
Sum Assured Rebate: Available
Loan Available: After at least 3 years of Premium payments
Profit plan: with Profits

Back Dating: Yes, Policy is back dated to the lean months ,viz. April, May, July, and August, interest is to be charged for period in excess of 3 months.
More Details... or Call 9972660645