Phone : +91 9480240513
Follow Us on
LATEST UPDATES :

Call us at 9480240513 for experienced Advisors and best planning.

 
 
  • Children, children money back, LIC Agent Bangalore, LIC of India, education, school, higher studies, LIC Child policy
 
LIC Policy Services
 
Pay Premium Online
Existing Policy Status
LIC Branches
Forms Download
 
 
LIC AGENT BANGALORE
 
LIC New Policy Requirements
LIC Agent Bangalore
Policy and Services
Important Information
 
 
LIC NEW PLANS
 
IT Employees Insurance Plans
Entrepreneurs Insurance
Insurance for Forigners in India
Corporate Employees Insurance
 



LIC Insurance Plans


Jeevan Anand

Endowment Policy

Endowment - Single Premium

Tax Saving Plans

Jeevan Akshay VI

Jeevan Nidhi

Bima Bachat - Single premium

Money Back 20 yrs

Money Back 25 yrs

Term Insurance

Jeevan Rakshak

 

LIC Children Education Policy

    LIC's New Children Education Policy is non-lined, with-profit, regular premium, moneyback policy for children from 0 to 12 years.
    This Children Education plan provides risk cover on the life of child during the policy term and number of survival benefits to meet the various financial needs of children.


    LIC Children Money Back plan eligibility conditions & requirements

    I. Minimum Age at entry for Life Assured : 0 years (last birthday)
    II. Maximum Age at entry for Life Assured : 12 years(last birthday)
    III. Policy Term : [25-Age at entry] years
    IV. Minimum/Maximum Maturity Age : 25 years
    V. Minimum Basic Sum Assured : Rs.1,00,000
    VI. Maximum Basic Sum Assured : No limit
    VII. Mode of payment : Yearly .Half-yearly ,Qly ,Monthly(NACH only or through salary deduction -SSS)


    Basic Sum Assured shall be in multiples of Rs.10,000/-.

    Date of commencement of risk under the plan:
    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 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 vesting under the plan:
    The policy shall automatically vest in the Life Assured 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.

    Survival Benefit :

    20% of the basic sum assured on completion of ages 18 years, 20 yrs & 22 years provided the policy is in full force.

    Maturity Benefits:

    On maturity at the age of 25 years 40% of Basic Sum assured along with Bonus and Final Additional Bonus (if any) will be paid.

    Death benefit: On death of the Life Assured before the stipulated Dat e of Maturity provided the policy is in full force, then On death of the Life Assured before the date of comme ncement of risk: Return of premium/s excluding taxes, extra premium and rider premium, if any.

    On death after the date of commencement of risk:

    An amount equal to the total amount of premium/s paid excluding taxes, extra premium and rider premium, if any shall be payable. 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 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.

    On death After the Date of 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 higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

    • Loan Facility available after payment of full 3 years premium. Maximum loan 90% of the Surrender value in case of in force polices and 80% in case of paid up polices.

    • Surrender value Can be surrendered at any time during the policy term provided premiums have been paid for full three years.

    • No foreclosure action under in force policies. Even if there is default in payment of loan interest


    Please feel free to Call us at 9480240513 for children plans







    Insurance is the subject matter of solicitation