LIC Jeevan Shanti Single Premium Annuity Plan No. 850

LIC Jeevan Shanti - Single Premium Annuity Plan - One Time Investment 

Options to choose: 

1. Immediate annuity or
2. Deferred annuity rates are guaranteed at the inception of the policy.

10 options for immediate annuity
2 option for deferred annuity: 1. Single life 2. Joint life

Min age at entry: 30 years 
Max age at entry: for immediate annuity except option "f" & "1”: 85 years

For immediate annuity for option "f" & "j”: 100 years 

Deferred annuity: 79 years 

Deferment period: 1 year to 20 years 

Guaranteed addition every month for deferment period.

Close relatives as joint life annuitants [means: grandparents / parents / children / grand children or spouse or siblings]

LIC Jeevan Shanti Loan facility 

Surrender value from 3 months of completion [without insisting for medical certificate] death benefit - 3 payments options: 

1. Lump sum.
2. Annuitization [annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant]
3. Installments.

Income Tax Benefit for Premium Payment

LIC Jeevan Shanti Premium Chart Details

Immediate annuity pension is almost same as that of Jeevan Akshay - VI

Deferred Pension Examples: - 

Single life age: 50 years, purchase price: 10 Lakhs 

Deferment Period	Annuity	Rate
5 Years	91800/-	9.18 %
10 Years	128300/-	12.83 %
15 Years	169500/-	16.95 %
20 Years	192300/-	19.23 %

Joint life: age 60 years & 30 years: purchase price: Rs. 10 Lakhs 

Deferment Period	Annuity	Rate
5 Years	87900/-	8.79 %
10 Years	120000/-	12 %
15 Years	164000/-	16.46 %
20 Years	219600/-	21.96 %

LIC Jeevan Shanti - Single Premium Annuity Plan - One Time Investment Details

LIC Jeevan Shanti Plan No 850 Proposal Form

LIC Jeevan Shanti Plan Surrender Value

The policy can be surrendered at any time after three months from the completion of policy (i.e. 3 months from the Date of issuance of policy) or after expiry of the free-look period, whichever is later under the following annuity options only:

a. Immediate Annuity

i) Option F: Immediate Annuity for life with return of Purchase Price.

ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.

b. Deferred Annuity

i) Option 1: Deferred annuity for Single life

ii) Option 2: Deferred annuity for Joint life

If the chosen annuity option is other than specified above, surrender of policy shall not be allowed. On the payment of the surrender value, the policy shall terminate and all other benefits shall cease.

The surrender value payable shall depend on the age (last birthday) of the Annuitant at the time of surrender/date of vesting of the policy.

LIC Bonus Rates 2017-18 Details

The rates of Simple Reversionary Bonus, and Interim Bonus declared in respect of participating policies issued by the LIC OF INDIA.

Simple Reversionary and Interim Bonus Rates

Group	Plan	Term	Reversionary Bonus Rate %o Sum Assured (**)	Interim Bonus Rate %o Sum Assured (**)
		(*)
1	Whole Life type (Plans 2, 5, 6, 8, 10, 28 (Before Conversion), 35, 36, 37, 38, 49,77,78, 85 & 86)		70	70

Group	Plan	Term	Reversionary Bonus Rate %o Sum Assured (**)	Interim Bonus Rate %o Sum Assured (**)
		(*)
2	Endowment type (Plans 14, 17, 27 (After Conversion), 28 (After Conversion), 34, 39 40, 41, 42, 50, 54, 79, 80, 81, 84, 87, 90, 91, 92, 95, 101, 102, 103, 109, 110 & 121)	< 11	34	34
		11 to 15	38	38
		16 to 20	42	42
		> 20	48	48
3	New Endowment (Plan 814)	12 to 15	38	38
		16 to 20	42	42
		> 20	48	48
4	Single Premium Endowment (Plan 817)	10 to 15	41	41
		16 to 20	46	46
		> 20	51	51
5	Money Back Assurances (Plans 75& 93)	20	39	39
		25	44	44
6	New Money Back (Plans 820 & 821)	20	39	39
		25	44	44
7	Jeevan Surabhi (Plans 106, 107 & 108)	15	34	34
		20	41	41
		25	50	50
8	Jeevan Mitra (Double Cover plan), Jeevan Saathi (Plans 88 & 89)	15	40	40
		16 to 20	44	44
		> 20	48	48
9	Jeevan Mitra (Triple Cover Plan: Plan 133 )	15	40	40
		16 to 20	45	45
		> 20	50	50
10	Limited Payment Endowment (Plan 48)	<16	40	40
		16 to 20	44	44
		> 20	49	49

2

Group	Plan	Term	Reversionary Bonus Rate %o Sum Assured (**)	Interim Bonus Rate %o Sum Assured (**)
		(*)
11	Limited Premium Endowment (Plan 830)	12	40	40
		16	45	45
		21	50	50
12	New Children Money Back (Plan 832)	13 to 15	38	38
		16 to 20	42	42
		> 20	48	48
13	Jeevan Lakshya (Plan 833)	13 to 15	41	41
		16 to 20	45	45
		> 20	49	49
14	Jeevan Anand (Plan 149)	<11	38	38
		11 to 15	41	41
		16 to 20	45	45
		>20	49	49
15	New Jeevan Anand (Plan 815)	15	41	41
		16 to 20	45	45
		>20	49	49
16	Jeevan Rekha (Plan 152)	<11	49	49
		11 to 15	44	44
		16 to 20	40	40
		>20	34	34
17	Jeevan Anurag (Plan 168)	< 11	38	38
		11 to 15	40	40
		16 to 20	42	42
		> 20	44	44

3

Group	Plan	Term	Reversionary Bonus Rate %o Sum Assured (**)	Interim Bonus Rate %o Sum Assured (**)
		(*)
18	New Jeevan Suraksha – I (Plan 147)	< 6	21	21
		6 to 10	27	27
		11 to 15	31	31
		>15	35	35
19	New Jeevan Dhara - I (Plan 148)	< 6	20	20
		6 to 10	25	25
		11 to 15	28	28
		>15	32	32
20	Jeevan Tarang (Plan 178)	10	47	47
		15	48	48
		20	49	49
21	Jeevan Madhur (Plan 182)	< 11	21	21
		11 – 15	26	26
22	Child Career (Plan 184)	11 to 15	34	34
		16 to 20	38	38
		>20	40	40
23	Child Future (Plan 185)	11 to 15	38	38
		16 to 20	42	42
		>20	44	44
24	Jeevan Bharti (Plan 160)	15	38	38
		20	40	40
25	Jeevan Shree – I (Plan 162)	10	45	45
		15	46	46
		20	49	49
		25	53	53

4

Group	Plan	Term	Reversionary Bonus Rate %o Sum Assured (**)	Interim Bonus Rate %o Sum Assured (**)
		(*)
26	Jeevan Nidhi ( Plan 169)	<11	41	41
		11 - 15	43	43
		16 - 20	45	45
		> 20	47	47
27	Jeevan Pramukh (Plan 167)	10	49	49
		15	50	50
		20	53	53
		25	57	57
28	Jeevan Amrit (Plan 186)	10 – 15	32	32
		16 – 20	32	32
		> 20	32	32
29	Jeevan Bharati I (Plan 192)	15	29	29
		20	31	31
30	Jeevan Tarun (Plan 834)	13 - 15	38	38
		16 – 20	42	42
		> 20	48	48
31	Jeevan Labh (Plan 836)	16	43	43
		21	47	47
		25	50	50
32	Jeevan Pragati (Plan 838)	12 – 15	37	37
		16 - 20	41	41

Group	Plan	Term	Reversionary Bonus Rate %o Sum Assured (**)	Interim Bonus Rate %o Sum Assured (**)
		(*)
33	New Jeevan Nidhi ( Plan 812 & 818)	<11	42	42
		11 - 15	44	44
		16 - 20	46	46
		> 20	48	48

(*) Premium Paying Term in case of Jeevan Anand (Plan 149) & Jeevan Rekha (Plan 152);Accumulation period in case of Jeevan Tarang (Plan 178);Deferment Period in

case of New Jeevan Suraksha – I (Plan 147), New Jeevan Dhara - I (Plan 148), Jeevan Nidhi (Plan 169) & New Jeevan Nidhi (Plan 812 & 818).

(**) In case of New Jeevan Suraksha – I (Plan 147) and New Jeevan Dhara – I (Plan 148), bonus rates are per thousand Cash Option. In case of Jeevan Madhur (Plan 182),

bonus rates are per thousand death benefit sum assured. In case of Jeevan Amrit Plan,bonus rates are per thousand premium(s) paid.

The above reversionary bonus rates are applicable for policy year entered upon during the inter valuation period i.e. 01/04/2016 to 31/03/2017 and in force for full sum

assured as on 31/03/2017. It would apply to policies resulting into claims by death or maturity (including those discounted within one year of maturity) or surrendered on or

after 01/01/2018.

In case of Jeevan Amrit (Plan 186), once the partially paid-up policy gets revived, the reversionary bonuses under such revived policy shall be calculated as if the policy was in

force since inception treating the premiums received at the time of revival as deemed to have been received on their respective due dates of payment.

The above interim bonus rates are applicable to policies in respect of each policy year entered upon after 31/03/2017 and result into claims by death or maturity (including

those discounted within one year of maturity) or are surrendered during the period commencing from 01/01/2018 and ending 9 months from the date of next valuation.

No cash bonus has been declared in respect of New Jeevan Akshay - I (Plan 146).

For General Annuity / Pension policies (Plans 147, 148, 169, 812 & 818), the bonus rates are applicable only during the deferment period. The bonus rates in case of Plan

147 & 148 are not applicable for policies exiting by death during the deferment period.

LIC JEEVAN UMANG Whole Life Plan No. 845 Details

LlC’s Jeevan Umang is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.

LIC Jeevan Umang Policy is a whole life plan with pension cum saving plan and guaranteed 8% return on survival.

LlC’s Jeevan Umang BENEFITS:

The benefits payable under an in force policy are as under:

a) Death Benefit of Jeevan Umang:

On death before the commencement of Risk:

An amount equal to the total amount of premium/s paid without interest shall be payable.


On Death after the commencement of Risk:

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 the highest of

• 10 times of annualised premium; or
• Sum Assured on Maturity; or
• Absolute amount assured to be paid on death, i.e. Basic Sum Assured.

This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.

b) Survival Benefit of Jeevan Umang: 

On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.

c) Jeevan Umang Maturity Benefit:

On the life assured surviving to the end of the policy term, provided all due premiums have  been paid, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses (as mentioned in 3 below) and Final Additional bonus, if any, shall be payable.  

Where “Sum Assured on Maturity” is equal to Basic Sum Assured. 

LIC JEEVAN UMANG Plan No. 845 Details

LIC Jeevan Umang Calculator

PARTICIPATION IN PROFITS OF JEEVAN UMANG:

Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy shall participate in profits during the policy term.

During the premium paying term:

Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the  experience of the Corporation during the premium paying term, provided the policy is inforce.

Final Additional Bonus may also be declared under an inforce policy in the year when such policy results into a claim by death. However, Final Additional Bonus shall not be payable under paid-up policy or on surrender of a policy during the premium paying term.

In case the premiums are not duly paid, the policy shall cease to participate in future profits during premium paying term.  

After the premium paying term {applicable only for fully paid-up policies or for paid-up policies with Maturity Paid-up Sum Assured of Rs. 2 Iakhs or more):

Under a fully paid-up policy (i.e.where all premiums payable during the term of the policy are paid) or in a paid-up policy with Maturity Paid-up Sum Assured of Rs. 2 Iakhs or more, the terms for participation of profits after the premium paying term may be in a different form  and on a differential scale depending on the Corporation’s experience under this plan at that time.

Final Additional Bonus may also be declared under the policy in the year when a policy results into a claim either by death or maturity. In addition, applicable Final Additional Bonus  for surrendering policies, if any, may also be considered in payment of Special Surrender Value.

Under a paid-up policy with Maturity Paid-up Sum Assured of less than Rs. 2 Iakhs, the policy shall not participate in future profits.  

LlC’s Jeevan Umang OPTIONAL BENEFIT:  

The following four optional riders are available under this plan. However, the policyholder can opt for either LIC’s Accidental Death and Disability Benefit Rider or LIC’s Accident Benefit Rider. Therefore, a policyholder can opt for a maximum of three riders under this plan.  

LlC’s Accidental Death and Disability Benefit Rider:

LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium. This rider can be opted for at any time within the premium paying term of the Base Plan provided the outstanding premium paying term is atleast 5 years. The benefit cover under this rider shall be available upto the policy anniversary on which the age nearer birthday of the Life Assured is 70 years. Thereafter the cover shall cease.

If this benefit is opted for, an additional amount equal to the Accident Benefit Sum Assured is payable on death due to accident, provided the rider is inforce at the time of accident. In case of accidental permanent disability (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived. The premium for the portion of Basic Sum Assured which exceeds the Accident Benefit Sum Assured and premium(s) in respect of other Rider(s), if opted for, shall continue to be paid. If the policy becomes a claim by way of death before the expiry of the said period of 10 years, the disability benefit instalments which have not fallen due will be paid along with the claim amount.

The premium for this rider will not be required to be paid after the premium paying term of the base plan.

LlC’s Accidental Death and Disability Benefit Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition.

LIC’s Accident Benefit Rider:

LlC’s Accident Benefit Rider is available as an optional rider payment of additional premium.

This rider can be opted for at any time within the premium paying term of the Base Plan provided the outstanding premium paying term is atleast 5 years. The benefit cover under this rider shall be available only during the premium paying term of the base plan. Thereafter the cover shall cease.

If this benefit is opted for and if the Life Assured is involved in an accident leading to death within 180 days from the date of accident then an additional amount equal to the Accident benefit Sum Assured is payable. However, the policy shall have to be inforce at the time of accident irrespective of whether or not it is inforce at the time of death. 

LlC’s Accident Benefit Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition.

LIC’s New Term Assurance Rider:

LIC’s New Term Assurance Rider is available as an optional rider at the inception of the policy by payment of additional premium. The additional premium for this rider will need to be paid along with the premium of the Base Plan and any other rider(s), if opted for, during the premium paying term of the policy. The benefit cover under this rider shall be available for a term of 35 years or till the policy anniversary on which the age nearer birthday of the Life assured is 75 years, whichever is earlier. Thereafter the cover shall cease. If this rider is opted for, an additional amount equal to Term Assurance Rider Sum Assured shall be payable on death of the life assured, provided the rider cover is inforce.

LIC’s New Critical Illness Benefit Rider:

LIC’s New Critical Illness Rider is available as an optional rider at the inception of the policy by payment of additional premium. The additional premium for this rider will need to be paid along with the premium of the Base Plan and any other rider(s), if opted for, during the premium paying term of the policy. The cover under this rider shall be available for a policy term of 35 years or till the policy anniversary on which the age of the Life Assured is 75 years, whichever is earlier.

If this rider is opted for, on first diagnosis of any one of the 15 critical Illness covered under this rider, the Critical Illness Sum Assured shall be payable subject to the conditions specified in the rider circular.

LIC’s New Critical Illness Rider shall not acquire any paid-up value and the rider benefit will cease to apply, if policy is in lapsed condition.

Beyond the specific details as mentioned in this circular in respect of this rider, any additional details like refund to be made in respect of this rider on surrender of base plan etc., may be referred from the rider circular.

Note: The premiums under all the riders put together shall be subject to a ceiling of 30% of the premium of the Base policy. Any benefit arising under each of the riders shall not exceed the Sum Assured under the Basic product.

ELIGIBILITY CONDITIONS AND RESTRICTIONS of Jeevan Umang:

For Base Plan:
Minimum Age at entry                    : [90] days (completed)

Maximum Age at entry                    : 55 years (nbd) for PPT=15
                                                            50 years (nbd) for PPT=20
                                                            45 years (nbd) for PPT=25
                                                            40 years (nbd) for PPT=30

Premium Paying Term (PPT)            : [15, 20, 25 and 30] years

Minimum age at the end of the PPT : [30] years (nbd)

Maximum Age at the end of PPT     : [70] years (nbd)

Age at Maturity                               : [100] years (nbd)

Policy Term                                     : [100-age at entry] years

Minimum Basic Sum Assured          : Rs. 2,00,000

Maximum Basic Sum Assured         : No Limit

The Basic Sum Assured Shall be in multiples of Rs. 25,000/— only.


Age at entry for the Policyholder is to be taken as age nearer birthday (nbd) except for the minimum age at entry 90 days i.e. where it is completed days.

LIC JEEVAN UMANG Plan 845 Calculator

In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either one day before the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.

Date of issuance of policy:

It is a date when a proposal after underwriting is accepted as a policy and the contract gets effected.

Date of vesting under this plan (Applicable only if the Life Assured is below 18 years on
the- date of commencement of policy):

If the policy is inforce and the Life Assured is alive on the vesting date and if a request in writing for surrendering the policy has not been received by Corporation before such vesting date from the person entitled to the policy moneys, this policy shall automatically vest in the Life Assured on such vesting date i.e. on the policy anniversary coinciding with or immediately following the completion of 18 years of age and shall on such vesting be deemed to be a contract between the Corporation and the Life Assured.

For LlC’s Accidental Death and Disabiligy Benefit Rider:

Minimum Entry Age                         : 18 years (completed)

Maximum Entry Age                        : The cover can be opted for at inception or at any policy anniversary thereafter, provided the outstanding premium paying term under the base plan is at least 5 years.

Maximum cover ceasing Age           : 70 years (nbd)

Minimum Accident Benefit Sum Assured : Rs. 10,000/-

Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured under the Base Plan subject to the maximum of Rs.100 lakhs overall limit taking all existing policies of the Life Assured under individual as well as group policies including policies with inbuilt accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.

The Accident Benefit Sum Assured shall be in multiples of Rs. 10,000/-only.

For LIC’s Accident Benefit Rider: (cover under this rider shall be available during the PPT only)

Minimum Entry Age                            : 18 years (completed)

Maximum Entry Age                           : The cover can be opted for at inception or at any policy anniversary thereafter, provided the outstanding premium paying term under the base plan is at least 5 years.

Cover ceasing Age                              : Age at the end of premium paying term

Minimum Accident Benefit Sum Assured : Rs. 20,000/-

Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured
under the base plan subject to the maximum of Rs.100 Iakh overall limit taking all
existing policies of the Life Assured under individual as well as group policies including
policies with inbuilt accident benefit taken with Life Insurance Corporation of India and
the Accident Benefit Sum Assured under the new proposal into consideration.


The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-only.


Note :The overall limit of Accident Benefit Sum Assured shall be inclusive of Sum Assured under both the Accident Benefit riders i.e. the LlC’s Accidental Death and Disability Benefit Rider and LlC’s Accident Benefit Rider.

For LlC’s New Term Assurance Rider:

Minimum Entry Age                                       : 18 years (completed)

Maximum Entry Age                                      : 55 years (nbd) for PPT=15
                                                                          50 years (nbd) for PPT=20
                                                                          45 years (nbd) for PPT=25
                                                                          40 years (nbd) for PPT=3O

Premium paying term                                     : same as Base plan

Maximum policy term                                    : 35 years

Maximum cover ceasing Age                         : 75 years (nbd)

Minimum Term Assurance Rider Sum Assured: Rs. 1,00,000/-

Maximum Term Assurance Rider Sum Assured: An amount less than or equal to the Basic Sum Assured under the Base plan, but not exceeding the overall limit of Rs.25 Iakhs taking all Term Assurance Rider Sum Assured under all existing policies of the Life Assured including the new proposal into consideration.

The Term Assurance Rider Sum Assured shall be in multiples of Rs. 5,000/-only.

For LIC’s New Critical Illness Benefit Rider:

Minimum Entry Age                                      : 18 years (completed)

Maximum Entry Age                                      : 55 years (last birthday) for PPT=15
                                                                           50 years (last birthday) for PPT=20
                                                                           45 years (last birthday) for PPT=25
                                                                           40 years (last birthday) for PPT=3O

Maximum cover ceasing Age                           : 75 years (last birthday)

Maximum policy term                                      : 35 years

Premium paying term                                       :same as Base plan

Minimum Critical Illness Sum Assured           : Rs. 1,00,000/-

Maximum Critical Illness Sum-Assured          : An amount equal to the Sum Assured on Death under the Base plan but not exceeding an overall limit of Rs.25 lakh Critical Illness Sum Assured taking all existing policies of the Life Assured under this rider and the Critical Illness Sum Assured under the new proposal into consideration.

The Critical Illness Sum Assured shall be in multiples of Rs 25,000/- only.

MODE OF PREMIUM PAYMENT:

The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (NACH only) or through salary deductions.

LOAN on Jeevan Umang:

Loan facility shall be available under this plan after at least 3 full years premiums have been paid.

If loan is availed during the premium paying term:

The maximum loan as a percentage of surrender value shall be as under:

• For inforce policies- upto 90%
• For paid-up policies- upto 80%

Interest on Loan during the premium paying term shall be paid on compounding half-yearly basis to the Corporation at the rate to be specified by the Corporation at the time of taking loan under this policy. In case the loan is not repaid during the premium paying term and if there is default in interest payment, then due interest on the loan shall be recovered from survival benefits due or any other amount payable under the policy.

If loan is availed after the premium paying term:

The maximum permissible amount of new loan (where no previous loan taken earlier is outstanding) for policies which are entitled for survival benefits shall be arrived at in such a way that the effective annual interest amount payable on loan does not exceed 50% of the annual survival benefit payable under the policy.

Interest on the loan shall be recovered from the survival benefits and at the rate which
shall be specified by the Corporation when the loan is made.

In the event of default in payment of loan interest on the due dates and when the outstanding loan amount along with interest is to exceed the surrender value the policy shall be foreclosed. On foreclosure of- such policies, the difference of surrender value and the loan outstanding amount along with interest, if any, shall be paid to the policyholder and the policy will terminate.

In case a policy becomes a claim by way of death, surrender or maturity the amount of outstanding loan along with all due interest shall be recovered from the claim benefit payment.

Jivan Umang Policy, Jeevan Umang Calculator, pension plan, lic jeevan umang policy, age of 100, life plan policy holder, surrender value calculation, table no 845, lic 100 year plan, lic whole life plan

Other Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

LIC AADHAAR STAMBH Plan No. 843 Details & Calculation

• Non-linked 
• With-profits 
• Regular Premium Endowment Assurance Plan

LIC AADHAAR STAMBH Plan 843 Features :

• Exclusively designed for Male Lives 
• AADHAAR Card issued by UIDAI mandatory 
• Available for Standard healthy lives 
• Non- Medical 
• S.A. maximum 3 lakhs

LIC AADHAAR STAMBH Plan 843 Maturity Benefit's :

On survival to the end of the policy term “Sum Assured on Maturity” along with Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Maturity” is equal to Basic Sum Assured.

LIC AADHAAR STAMBH Plan 843 Maturity Death Benefit:

On death during first five years:

“Sum Assured on Death” shall be payable.

On death after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, shall be payable.

Where “Sum Assured on Death” is defined as the higher of 10 times of annualised premium OR Absolute amount assured to be paid on death, i.e. Basic Sum Assured.

The death benefit shall not be less than 105% of all the premiums paid as on date of death.  

LIC AADHAAR STAMBH Plan 843 Accident Benefit Rider :

LIC’s Accident Benefit Rider is available as an optional rider by payment of additional premium during the term of the policy. Under an in force policy the LIC’s Accident Benefit Rider can be opted for at any time within policy term of the Base Policy provided, the outstanding policy term of the Base Policy is at least five years.

If this benefit is opted for, and if Life Assured is involved in an accident, leading to death and such incident shall occur within 180 days from the date of accident then an additional amount equal to the Accident Benefit Sum Assured is payable. However, the policy shall have to be in force at the time of accident irrespective of whether or not it is in force at the time of death.

LIC AADHAAR STAMBH Plan 843 Auto Cover Period:

“Auto Cover Period” under a paid-up policy is the period from due date of first unpaid premium (FUP), which includes the Grace Period. The applicable duration of Auto Cover Period shall be as under:


If at least three full years’ but less than five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of six months from the due date of first unpaid premium (FUP) shall be available.


If at least five full years’ premiums have been paid in respect of a policy and any subsequent premium is not duly paid: Auto Cover Period of two years from the due date of first unpaid premium (FUP) shall be available.

The benefits payable under a paid-up policy during Auto Cover Period shall be as follows:

On Death:

Death Benefit, as payable under an inforce policy will be paid after deduction of


(a) the unpaid premium(s) in respect of the base policy with interest thereon up to the date of death, and


(b) the balance premium(s) for the base policy falling due from the date of death and before the next policy anniversary, if any.  

On Maturity:

“Maturity Paid-up Sum Assured” is payable and shall be equal to [(Number of premiums paid/Total Number of premiums payable) x (Sum Assured on Maturity)]. In addition to the Maturity Paid-up Sum Assured, Loyalty Addition, if any, shall also be payable on maturity.

LIC AADHAAR STAMBH Plan 843 ELIGIBILITY CONDITIONS AND RESTRICTIONS:

For Base LIC AADHAAR STAMBH Plan:

Minimum Age at entry : 8 years (completed) 

Maximum Age at entry : 55 years (nearest birthday)
Minimum Policy Term : 10 years
Maximum Policy Term : 20 years
Maximum Age at Maturity : 70 years (nearest birthday)
Minimum Basic Sum Assured per life : Rs. 75,000/-
Maximum Basic Sum Assured per life : Rs. 300,000/-  

The Basic Sum Assured shall be in multiples of Rs.5,000/- from Basic Sum Assured Rs. 75,000 to Rs. 1,50,000/- and Rs.10,000/- for Basic Sum Assured above Rs.1,50,000/-.

“The total Basic Sum Assured under all policies issued to an individual under LIC AADHAAR STAMBH plan shall not exceed Rs. 3 lakh”.

These wordings have to appear in the First Premium Receipt (FPR) and in the policy document for every policy under LIC AADHAAR STAMBH plan.   Age at entry for the Policyholder is to be taken as age nearest birthday except for the minimum age at entry i.e. 8 years, where it is in completed years.

LIC AADHAAR STAMBH Plan 843 Eligibility Conditions and Restrictions:

For Accident Benefit Rider:

Minimum Entry Age : 18 years (completed)
Maximum Entry Age : The cover can be opted for at any time within policy term of the Base Policy provided, the outstanding policy term of the Base Policy is at least five years.

Maximum cover ceasing Age : Same as under the base plan.
Minimum Accident Benefit Sum Assured : Rs. 20,000/-
Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured under the Basic Plan subject to the maximum of Rs.100 lakh overall limit taking all existing policies of the Life Assured under individual as well as group schemes including policies with inbuilt accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.  

The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.

LIC AADHAAR STAMBH Plan 843 MODE OF PREMIUM PAYMENT :

The modes of premium payment allowable are :

• Yearly 

• Half Yearly 

• Quarterly 

• Monthly ( through NACH only or through salary deductions)

LIC AADHAAR STAMBH Plan 843 REBATES :

The rebates for base plan are as under :

Mode Rebate:

Yearly mode : 2% of tabular premium
Half-yearly mode : 1% of tabular premium
Quarterly and monthly mode : NIL

High Basic Sum Assured Rebate: 

Basic Sum Assured Rebate (Rs.) 
75,000 to 1,90,000 : Nil
2,00,000 to 2,90,000 : 1.50 ‰  Basic Sum Assured
3,00,000 : 2.00 ‰ Basic Sum Assured

LOAN:

Loan facility is available under LIC AADHAAR STAMBH plan, after payment of premiums for at least 3 full years subject to certain conditions.

SURRENDER VALUE:

The policy can be surrendered at any time during the policy term provided at least three full years’ premiums have been paid.  

LIC AADHAAR STAMBH Plan 843 Premium Calculation Chart

Other Plans :  LIC New Jeevan Anand Plan Table No - 815, LIC New Endowment Plan Table No - 814

How to Become LIC Agent In Delhi NCR

Looking for Insurance Advisor Agent.

Marketing / Sell of Insurance policies.

Retired persons, Housewives, Freshers, Doctors,IT Employee, CA and Lawyers can join.

Unlimited Income + Foreign Trips + Monthly Contests.

No Investment, No Fees. Limited Period Offer,

Candidate must be a 12th Pass.

Call me on 9811362697.

LIC New Jeevan Saral ATM Plan table no 825

LIC NEW JEEVAN SARAL PLAN (Plan No 825) 

LIC NEW Jeevan Saral  ATM Plan table no 825 Features:

Minimum Age at entry: 8 yr.

Maximum Age at entry: 50 yr.

Minimum Term: 15 Years

Maximum Term: 35 years

Minimum Sum Assured: 1, 00,000 INR (1 Lac)

Minimum Monthly Premium: 400 INR

Launch Date: Yet to Launch

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More Details of New Jeevan Saral Plan will be updated soon after launching of plan.

LIC Term Insurance Anmol Jeevan 822 & Amulya Jeevan 823

LIC Term Insurance Anmol Jeevan 822 & Amulya Jeevan 823 Details

LIC New Plan's Premium & Maturity Calculator

LIC Jeevan Anurag 168 Features & Plan Details

Lic jeevan anurag 168 from Satyendra Gupta

LIC Policy Status Contact Numbers

Now get your policy information on SMS: The policyholder can type “ASKLIC <policy no> type of query i.e. prem/rev/bonus/loan/nom (premium/ Loan/ Bonus/Revival/ Nomination) on his mobile and send it to code “9222492224” via sms to get the necessary information under his policy. The SMS charges for the policyholder will be as per the scheme of his service provider.( The sign of < and > will indicate that space is required to be kept in SMS text). Find the Address and phone numbers of LIC Customer Zone nearest to you…… You can write a mail to customerzone_delhi@licindia.com for Delhi LIC Users.  Agra, Ahmedabad, Amritsar, Bangalore, Bangalore-II, Belgaum, Bhagalpur, Bhubaneswar, Bhopal, Chandigarh, Chennai, Chennai-II, Coimbatore, Cuttack, Delhi, Delhi-II, Dhanbad , Dwarka ,Ernakulam, Goa, Gulbarga, Guntur, Guwahati, Gwalior, Gurgaon, Hubli, Howrah, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jamshedpur, Jammu, Jodhpur, Kanpur, Karnal, Kolkata, Kolkata(S), Kolkata-II, Kottayam, Kozhikode,Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Mumbai-III, Muzaffarpur, Mysore, Nagpur, Nerul,Noida, Patna, Pune, Raipur, Rajkot, Salem,Secunderabad, Siliguri, Surat, Thane, Tirunelvelli,Trichy, Trivendrum, Varanasi, Vellore, Vijaywada,Vishakhapatnam, Warangal. Open : Mon to Fri 8.00 am to 8.00 pm           Sat 10.00 am to 6.00 pm Services especially for you… At LIC customer Zone Change of address Issuing premium paid certificate Acceptance of life certificate for pension policies Resolving any policy related complaints Information on  Premium position, Bonus, Loan , revival of lapsed policies Our products … Assistance for Filling up of forms Registration on LIC’s Customer Portal To know Policy details through IVRS, simply dial 1251 available 24x7 in the following cities Asansol Allahabad Aurangabad Bareilly Coimbatore Dharwad Gorakhpur Gwalior Hazaribagh Jodhpur Jammu Kozhikode Kota Kolhapur Meerut Mysore Nasik Patna Pondicherry Rajkot Ranchi Salem Surat Shillong Shimla Thanjavur Vadodara Varanasi For making local call from any MTNL or BSNL number simply dial 1251 and for other than local users IVRS can be accessed by dialing the city STD code of the IVRS center followed by 1251. For complaints/grievances regarding your policy/ies, please contact our Manager CRM (Grievance Redressal Officer) on the Telephone Numbers given below, during normal working hours. ZONAL OFFICE DIVISION OFFICE PHONE NO. Central Zone CENTRAL BHOPAL 0755-2676254 CENTRAL BILASPUR 07752-2203732 CENTRAL GWALIOR 0751-2448606 CENTRAL INDORE 0731-2523513 CENTRAL JABALPUR 0761-2671079 CENTRAL RAIPUR 0771-2583062 CENTRAL SATNA 07672-228100 CENTRAL SHAHDOL 07652-248469 Eastern Zone EAST CENTRAL Begusarai 0624-3245265 EAST CENTRAL Berhampur 0680-2296390 EAST CENTRAL Bhagalpur 06412-2322016 EAST CENTRAL Bhubaneswar 0674-2303140 EAST CENTRAL Cuttack 0671-2307857 EAST CENTRAL Hazaribagh 06546-272611 EAST CENTRAL Jamshedpur 0657-2320564 EAST CENTRAL Muzaffarpur  0621-223904 EAST CENTRAL Patna 0612-2204067 EAST CENTRAL Sambalpur 0663-2541388 Eastern Zone EASTERN Asansol 0341-2256012 EASTERN Bongaigaon 03664-228281 EASTERN Guwahati 0361-2638404 EASTERN Howrah 033-22434614 EASTERN Jalpaiguri 03561-255443 EASTERN Jorhat 0376-2361613 EASTERN Kharagpur 03222-253302 EASTERN KMDO-I 033-22126122 EASTERN KMDO-II 033-23970025 EASTERN KSDO 033-23342708 EASTERN Silchar 03842-241716 North-Central Zone NORTH CENTRAL Agra 0562-2525972 NORTH CENTRAL Aligarh 0571-2420066 NORTH CENTRAL Allahabad 0532-2401854 NORTH CENTRAL Bareilly 0581-2301712 NORTH CENTRAL Dehradun 0135-2668231 NORTH CENTRAL Faizabad 05278-244261 NORTH CENTRAL Gorakhpur 0551-2230322 NORTH CENTRAL Haldwani 05946-267886 NORTH CENTRAL Kanpur 0512-2368546 NORTH CENTRAL Lucknow 0522-2624214 NORTH CENTRAL Meerut 0121-2671201 NORTH CENTRAL Varanasi 0542 2454420 Northern Zone NORTHERN AJMER  0145-2661878 NORTHERN AMRITSAR 0183-2556658 NORTHERN BIKANER 0151-2225920 NORTHERN CHANDIGARH 0172-2784620 NORTHERN DELHI-I 011-28844132 NORTHERN DELHI-II 011-28822223 NORTHERN DELHI-III 011-28855115 NORTHERN JAIPUR-I 0141-2745834 NORTHERN JAIPUR-II 0141-2713708 NORTHERN JALANDHAR 0181-2459826 NORTHERN JODHPUR 0291-2657849 NORTHERN KARNAL 0184-2266580 NORTHERN LUDHIANA 0161-2521838 NORTHERN ROHTAK 1262-228328 NORTHERN SHIMLA 0177-2629212 NORTHERN SRINAGAR 0191-2475839 NORTHERN UDAIPUR 0294-2488581 South-Central Zone SOUTH CENTRAL  BANGALORE I 080-22966515 SOUTH CENTRAL  BANGALORE II 080-22966812 SOUTH CENTRAL  BELGAUM 0831-2438808 SOUTH CENTRAL  DHARWAD 0836-2441968 SOUTH CENTRAL  HYDERABAD 040-23420771 SOUTH CENTRAL  KADAPA 08562-247017 SOUTH CENTRAL  KARIMNAGAR 0878-2240597 SOUTH CENTRAL  MACHILIPATNAM 08672-223372 SOUTH CENTRAL  MYSORE 0821-2495764 SOUTH CENTRAL  NELLORE 0861-2323072 SOUTH CENTRAL  RAICHUR 08532-232432 SOUTH CENTRAL  RAJAHMUNDRY 0883-2423832 SOUTH CENTRAL  SECUNDERABAD 040-27665039 SOUTH CENTRAL  SHIMOGA 08182-251320 SOUTH CENTRAL  UDUPI 0820-2536907 SOUTH CENTRAL  VIZAG 0891-2533211 SOUTH CENTRAL  WARANGAL 0870-2579364 Southern Zone SOUTHERN CHENNAI 1 044-28610353 SOUTHERN CHENNAI 2  044-23451551    SOUTHERN COIMBATORE 0422-2303503 SOUTHERN ERNAKULAM  0484-2361938 SOUTHERN KOTTAYAM 0481-2580121 / 0481-2580102 SOUTHERN KOZHIKODE 0495-2726006 SOUTHERN MADURAI 0452-2537778 SOUTHERN SALEM 0427-2411487 SOUTHERN THANJAVUR 04362-233678 SOUTHERN THRISSUR SOUTHERN TIRUNELVELI 0462-2560925 SOUTHERN TRIVANDRUM 0471-2540932 SOUTHERN VELLORE 0416-2226718 Western Zone WESTERN AHMEDABAD 079-25511419 WESTERN AMRAVATI 0721-2660145 WESTERN AURANGABAD 0240-2329299 WESTERN BHAVNAGAR 0278-2421963 WESTERN GANDHINAGAR 079-232-38250 WESTERN GOA 0832-2438418 WESTERN KOLHAPUR 0231-2661135 WESTERN MUMBAI-1 022-22028225 / 022-66599066 WESTERN MUMBAI-2 022-24010375 / 022-30492020 WESTERN MUMBAI-3 022-67819220 WESTERN MUMBAI-4 022-66599233 WESTERN MUMBAI-SSS 022-26267050 WESTERN NADIAD 0268-2532134 WESTERN NAGPUR 0712-2546436 WESTERN NANDED 02462-221777 WESTERN NASHIK 0253-2317607 WESTERN PUNE-1 020-25512969 WESTERN PUNE-2 020-24217638 WESTERN RAJKOT 0281-2483210 WESTERN SATARA 02162-224708 WESTERN SURAT 0261-2801407 WESTERN THANE 022-25829702 / 022-25827728 WESTERN VADODARA 0265-2225188

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