LIC’s- Jeevan Aastha-A New Policy
- LIC’s Jeevan Aastha is a single premium assurance plan which offers guaranteed benefits on death and maturity.
- The Plan is close ended and would be available for a maximum period of 45 days from the date of its launch i.e. 08.12.2008 .
1.Elogibility conditions and other restrictions
a) Minimum Entry Age : 13 years (completed)
b) Maximum Entry Age : 60 years (nearest birthday)
c) Minimum Basic Sum Assured: Rs.150,000
d) Maximum Basic Sum Assured: No Limit
The basic sum assured shall be available in multiples of Rs. 30,000.
e) Policy Term : 5 or 10 years
f) Premium payment mode : Single premium only
- 2.Premium rates Specimen Single Premium rates per Rs.1000 Basic Sum Assured for some of the ages are as under:
Age at entry:Policy Term 5 years /Policy Term 10 years
20 174.50 165.00
30 174.70 165.40
40 176.10 167.95
50 180.85 175.903.
Rebate High Sum Assured Rebates per Rs. 1,000 Basic Sum Assured :Basic Sum AssuredRebate
Term – 5 years / Term – 10 years
Below Rs.3,00,000 Nil Nil
Rs.3,00,000 to Rs.5,99,999 Rs. 2.00 Rs. 3.00
Rs.6,00,000 to Rs.11,99,999 Rs. 2.50 Rs. 3.50
Rs 12,00,000 and above Rs. 3.00 Rs.4.004.
LoanLoan facility will be available to you under this plan , after completion of one policy year.
5.Surrnder valueThe policy can be surrendered for cash after the policy has run for at least one year.
The minimum Guaranteed Surrendered Value allowable is equal to 90% of the Single premium paid excluding all extra premiums.
Corporation may however pay Special Surrender value as applicable on the date of surrender provided the same is higher than the guaranteed Surrender Value.
The Special Surrender Value will be the discounted value of the Maturity Sum Assured and Guaranteed Additions accrued as on date of surrender.
6.Cooling-off period In case one is not satisfied with the “Terms and Conditions” of the policy , the same can be returned to us within 15 days
SRI VENKAT RAM
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