Wednesday, 24 September 2014

New Magic Plan BAL SURAKSHA - BAL SURAKSHA


1) New Magic Plan BAL SURAKSHA implemented.
BAL SURAKSHA secures the cash flow (with or without proposer) to take care of child’s education & career.
Plan 90 (Marriage / Educational Annuity with profit) & 807 (Jeevan Ankur) are used as a base plan.
2) Retire & Enjoy IV: - Plan no 149 (Jeevan Anand) added as a base plan for presentation.
3) Customer Data Entry: - New festival "PARYUSHAN" for the Jain Religion is added.
Visual Magic Pro - Release Notes
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4) Loan Ledger: - Report format modified.
5) Loan Interest Outstanding: - Tag for compounding interest on all Reports Options is added.
6) BOC Data Entry: - Two fields Group Code & Group Head Name are displayed in the tabular view.
Version No. 5.8.0 Dated 30-Nov-2012
1) Magic Mix:
1) Premium Budget Recalculate option added.
2) Daily Premium Calculation based on Yearly premium/365.
2) CRM Center: - Option to open the Consolidated Policy Services through CRM Center.
3) Client Index: - Report format modification for Groupwise sorting option.
4) P.A.Code:- Three new columns fields added 1.) Sub P.A.Code 2) Dept. No. 3) S.R. No.
5) Import Branches: - Option to Import ALL or Selected branches of LIC is added in Servicing module. The
form can be opened through Servicing>Tools & Utilities>Import Branch
6) Print Option: - Option of Printing on both sides (auto or manual) is added in all the report level forms.

1) Bonus2012: New Bonus rates, Final Addition Bonus and Loyalty Addition rates are implemented.
2) Implementation of New Magic Plan 4G: - A Quadruple Guarantee child protection plan; with
Guaranteed features like LUMPSUM amount on term end, Life time INCOME, Life time RISKCOVER &
LUMPSUM amount at age 100.
3) Implementation of Jeevan Vaibhav Bulk Campaign: - A unique one-page presentation personalized for
the Group and its members. Specially designed format to give a quick glance at the prospects of Jeevan
Vaibhav as an exciting investment.
4) Business Target: -
1- Bonus Commission Option added.
2- First Year Premium option added.
5) Client Index> New sorting option "Referred By” is included and Modification of the Report format done.
6) “Mode” field added in Current Status Report and Current Status of Insurance Chart.
7) Magic plan Retire & Enjoy I to V New Column “Maturity Amount” is added on Plan Combination.
8) Policy Data Entry >Add new group & member with basic details & add switch to Advance option for
move to basic form to advance form.
9) Mailing Labels >New Sorting option “Rating” is added.
10) Following Rows are added in magic mix and magic mix plus report: -
1. Single Premium inclusive of service tax on applicable plans:
2. Total First Year Premium inclusive of service tax on applicable plans:
3. Subsequent Year Premium inclusive of service tax on applicable plans:
11) Dashboard>SMS sending of Approved Templates.

Implementation of Jeevan Vaibhav - LIC’s Jeevan Vaibhav (Table No. 809) is a single premium non-linked
endowment assurance plan which provides for payment of Sum Assured on maturity or on death. Loyalty
addition, if any, is also payable on death during the last policy year or on maturity.
1) Benefits:
A) Death Benefit:

On death during the policy term, excluding last policy year: Sum Assured shall be payable.
On death during the last policy year: Sum Assured along with Loyalty Addition, if any, shall be payable.
B) Maturity Benefit:
On maturity, the Sum Assured along with Loyalty Addition, if any, shall be payable.
C) Loyalty Addition:
Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy will
be eligible for Loyalty Addition on death during the last policy year or on the Life Assured surviving the
stipulated date of maturity at such rate and on such terms as may be declared by the Corporation.
2) Eligibility Conditions and Restrictions
Minimum Entry Age : 8 years (completed)
Maximum Entry Age : 65 years (nearest birthday)
Mode of Premium Payment : Single premium
Minimum Sum Assured : Rs.2,00,000/-
Maximum Sum Assured : No Limit
The sum assured shall be in multiple of Rs.10,000/-
Policy Term : 10 years
Age at entry of the Policyholder is to taken as age nearest birthday except for minimum
age at entry i.e. 8 years.
Implementation of Modification of LIC’s Jeevan Akshay- VI (Plan No. 189)-
The modifications are as under :-
1) The plan shall also be sold online in addition to other existing distribution channels.
2) Annuity option- “Joint-life and 100% of annuity to spouse on death of the annuitant with
return of purchase price on death of last survivor” shall also be available in addition to
the existing six options.
3) Reduction in the minimum age at entry and increase in maximum age at entry.
4) Minimum premium amount for online sale shall be Rs. 1.5 lacs and for other
distribution channels it shall be Rs. 1 lac.
5) Slabs of incentive for higher purchase price have been modified.
6) Service tax to be collected from the policyholder along with the purchase price.
2. Type of annuities available:
Various annuity options available under the Plan are as under:
i) Annuity for life
ii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter
iii) Annuity for life with return of purchase price on death
iv) Annuity for life increasing at a simple rate of 3% p.a.
v) Annuity for life with a provision for 50% of the annuity to the spouse of the annuitant
for life on death of the annuitant.
vi) Annuity for life with a provision for 100% of the annuity to the spouse of the annuitant
for life on death of the annuitant.
vii) Annuity for life with a provision of 100% of the annuity payable to spouse during his/
her life time on death of annuitant with return of purchase price on the death of last
survivor.
Service Tax Form Implementation :-
This form is implemented to take care the changes made in service tax every financial year.

Implementation of Rate of Interest under various financial transactions for the financial year 2012-13 –
It has been decided that the rate of interest for the financial year 2012-13 will be as under:
Sr. No.
Type of Transaction Rate of Interest
1. (i) Policy Loans [under all plans except Jeevan Aastha (Plan 195) and
Jeevan Vridhhi (Plan 808)]
(ii) Policy Loans under Jeevan Aastha (Plan 195) and Jeevan
Vridhhi(Plan 808)
10.00
10.50
2. For policies issued on or after 1/1/1987 -
(i) Arrears of premiums within six months from the date of FUP
(ii) For revivals
9.50
(subject to a
minimum int. of
Rs.5/-)
3 Arrears of premiums for alterations and age proving higher 9.50
4. Dating back the policies 9.50
5. Settlement options for Maturity Claims 6.00
6. i) Advance payment of premiums [for all plans except Jeevan
Sneha (Plan 128)]
ii) Advance payment of premiums for Jeevan Sneha (Plan 128)
6.00
10.00

1) Implementation of Jeevan Vriddhi - LIC’s Jeevan Vriddhi is a single premium non-linked plan which
provides for payment of Guaranteed Maturity Sum Assured along with Loyalty Addition, if any, on
maturity. Under this plan death benefit is the Basic Sum Assured.
2. Benefits:
a) Death Benefit:
On death of the life assured during the policy term, Basic Sum Assured i.e. 5 times of single premium
excluding extra premium, if any, shall be payable.
b) Maturity Benefit:
At the end of the policy term maturity benefit equal to the Guaranteed Maturity Sum Assured along with
Loyalty Addition, if any, shall be payable. Guaranteed Maturity Sum Assured will depend on the entry age
of the Policyholder and the single premium excluding extra premium, if any.
c) Loyalty Addition:
Provided the policy is in full force at the time of maturity, then depending upon theCorporation’s
experience with regard to the policies issued under this plan, the policy will be eligible for Loyalty Addition
on the stipulated date of maturity at such rate and on such terms as may be declared by the Corporation.
The Loyalty Addition payable shall be based on the Guaranteed Maturity Sum Assured.
2) Implementation of Jeevan Vriddhi Bulk Campaign.
Jeevan Vriddhi Bulk Campaign - A unique one-page presentation personalized for the Group and its
members. Specially designed format to give a quick glance at the prospects of Jeevan Vriddhi as an
exciting investment.

3) Implementation of Jeevan Vriddhi Ready Recknor
Jeevan Vriddhi Ready Recknor - A unique one-page presentation which gives the quick look on maturity
value & yield against the single premium paid for different age groups.
Version No. 5.4.0 Dated 10-Jan-2012
1) Implementation of Jeevan Ankur- LIC’s Jeevan Ankur is a unique conventional with profit plan that
offers you the most innovative solution to meet the educational and upbringing expenses of your child
with relative ease, even in case you aren't around.
Benefits:
a) Benefits payable on death:
• On death of the Life Assured
In case of death of the Life Assured during the policy term, Basic Sum Assured is payable immediately on
death. In addition, an Income Benefit equal to 10% of the Basic Sum Assured is payable on each policy
anniversary from the policy anniversary coinciding with or next following the date of death, till the end of
policy term to the nominee child. Another lump sum amount equal to Basic Sum Assured is payable on the
scheduled maturity date of the policy along with Loyalty Addition, if any.
• On death of child, when Life Assured is alive.
In case of death of the child when the Life Assured is alive, the Life Assured will have an option to
nominate another child/person and the policy will continue with the same benefit payable to new
nominee/legal heirs after the death of the Life Assured during the term of the policy.
• On death of child/nominee after Life Assured’s death.
In case of death of the child/nominee after Life Assured’s death, the policy shall continue and the benefits
shall be payable to the legal heir(s) till the end of policy term.
b) Benefits payable on maturity:
At the end of the policy term, an assured maturity benefit equal to Basic Sum Assured along with Loyalty
Addition, if any, shall be payable irrespective of survival of the Life Assured.
c) Loyalty Addition:
Provided the policy is in full force at the time of maturity or on death, whichever is applicable, then
depending upon the Corporation’s experience with regard to the policies issued under this plan, the policy
will be eligible for Loyalty Addition on the stipulated date of maturity at such rate and on such terms as
may be declared by the Corporation.
2) Magic Plan – Forever Income- Combination of 12 Jeevan Tarang policies, Each policy will be
commenced in every month from April to March.
3) Amulya Jeevan: New Option Planner for Amulya Jeevan plan no. 190 has been implemented.
4) NEFT Implementation:
• New module added for NEFT Batch Updation.
• Policy Data Entry
• Reports: Maturity Due, S.B. Due, Comprehensive Insurance Chart, Loan Surrender Value Calculator
5) Loyalty Rate: Modification done in Loyalty Rates, User defined LA option for Jeevan Saral, and same
has been implemented throughout the project.
6) Income Tax Calculator: New module introduced for Income Tax calculation.
7) Future Value Calculator: New module introduced to calculate future value of your current amount.
8) Premium Quotation I & II: Inclusion of Plan no. 165
9) Magic Mix:
A) Implementation of Magic Yield on Risk and Investment.
B) Customized Advance Premium Schedule can be created in magic mix.
Visual Magic Pro - Release Notes
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C) Back Dating interest has been rectified.
D) Generate reports with User defined loyalty rates.
10) Blank Nominee List: New Module Blank Nominee List has been introduced.
11) Policy Register: Now policy resister can be generated with completion date wise.
12) Branch: Two new fields are added in the form. A) Tel No. B) Email ID.
13) Commission Deduction: Two new heads are added in the dropdown. A) Agent Pension B) Group
Insurance Premium.

• Bonus2011:
New Bonus rates, Final Addition Bonus and Loyalty Addition rates are implemented in this

1) Implementation of Jeevan Arogya (Plan N0.903) in Servicing Module.
2) Magic Plan - Arogya Dhan: - Implementation of New Magic Plan Arogya Dhan.
Arogya Dhan is a versatile insurance cum savings solution which has been designed to meet today’s
practical needs of your family.
Here are some of the highlights of this Magic Plan especially tailor-made for you:
• Limited premium paying term for much longer period of benefits.
• A unique All-in-one solution offering Health insurance, Life insurance and Wealth creation.
• Choice of 3 premium paying terms - 10, 15 and 20 years.
• Lifelong riskcover for yourself.
• Option to cover life of your spouse till age 60.
• Health cover available for entire family including parents and parent-in-laws too.
• Tax benefits under Sec.80 CCE and 80D. Tax benefits under Sec.80 D available even after premium
payment stops.
• Regular income flow till age 100 after premium payment stops.
3) Saral Bachat: - Implementation of New Plan Combination Saral Bachat.
Saral Bachat is a combination of Jeevan Saral (Plan No. 165) & Bima Bachat (Plan No. 175).
Jeevan Saral is a widely sold insurance plan of L.I.C. which offers many exceptional benefits to the policy
holders. Unfortunately this plan is not available for Single Premium payment. The objective of Saral Bachat
plan combination is to provide a Single Premium payment solution while keeping the attractive benefits of
Jeevan Saral intact. The basis of the solution is to fund the premium liability of Jeevan Saral with periodical
returns received through Bima Bachat plan. The returns are channelized to Jeevan Saral policy using the
Advance Premium facility offered by L.I.C. of India to its policy holders.
4) Club Membership Eligibility: - New rules of Club Membership Eligibility are implemented.
5) Class Extra Premium Rates: - Class Extra rate has been implemented in Magic Mix.
      
       For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New plan NEW JEEVAN NIDHI table no. 812


LIC’s New plan NEW JEEVAN NIDHI table no. 812 implemented: -
LIC’s New Jeevan Nidhi Plan is a conventional with-profits pension plan which provides for death cover
during the deferment period and offers annuity on survival to the date of vesting.
BENEFITS:-
(a) Death Benefit:

Death during first five policy years: Provided the policy is in full force, Basic Sum Assured along with
accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum
and balance in the form of an annuity to the nominee/legal heir at the then prevailing immediate annuity
rates.
Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued
Guaranteed Addition, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be paid
as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to
the nominee/legal heir at the then prevailing immediate annuity rates.
(b) Benefit on Vesting:
Provided the policy is in full force, on vesting, an amount equal to the Basic Sum Assured along with
accrued Guaranteed Additions, vested Simple Reversionary Bonuses and Final Additional Bonus, if any,
shall be made available to the Life Assured.
ELIGIBILITY CONDITIONS AND FEATURES:
For Basic Plan:
a) Minimum age at entry : 20 years (nearest birthday)
b) Maximum age at entry : 60 years (nearest birthday)
c) Minimum age at vesting : 55 years (nearest birthday)
d) Maximum age at vesting : 65 years (nearest birthday)
e) Minimum Deferment period : 5 years
f) Maximum Deferment period : 35 years
g) Minimum Sum Assured : Rs.1, 50,000/- for Single Premium
Rs.1, 00,000/- for Regular Premium
h) Maximum Sum Assured : No limit.
The Sum Assured under the Basic Plan shall be in multiples of Rs. 5,000/-.
For Accident Benefit Rider (Only in case of Regular Premium Policies):
a) Minimum age at entry : 20 years (nearest birthday)
b) Maximum age at entry : 60 years (nearest birthday)
c) Minimum/ Maximum Term : same as deferment period under the Basic Plan
d) Minimum Accident Benefit Sum Assured : Rs.25, 000/-
e) Maximum Accident Benefit Sum Assured : An amount equal to the Basic Sum Assured subject to the
maximum of Rs.50 lakh overall limit considering the Accident Benefit Sum Assured in respect of all existing
policies on the life of the Life Assured under individual and group policies including the policies with inbuilt
Accident Benefit taken from Life Insurance Corporation of India and other Insurance companies and the
Accident Benefit Sum Assured under new proposal into consideration.
The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.
MODES AVAILABLE:-
Premiums are payable either by Single Premium or regularly during the deferment period with modes
of premium payment Yearly, Half yearly, Quarterly, Monthly [ECS or through Salary deductions (SSS).
For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New plan JEEVAN SUGAM table no. 813


LIC’s New plan JEEVAN SUGAM table no. 813 implemented: -
LIC’s Jeevan Sugam is a close ended non-linked single premium par plan which provides for high level of
death cover during the policy term and a Maturity Sum Assured along with Loyalty Addition, if any.
BENEFITS:-
a) Death Benefit:

On death during first five policy years:
Basic Sum assured i.e. 10 times the single premium excluding any extra premium charged is payable.
On death after completion of five policy years:
Basic Sum assured i.e. 10 times the single premium excluding any extra premium charged along with loyalty
addition, if any, is payable.
b) Maturity Benefit:
On the life assured surviving to the maturity date, Maturity Sum Assured along with Loyalty Addition, if any,
is payable.
c) Loyalty Addition:
Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy will
be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five
policy years, on surrender during the last policy year and on maturity, at such rate and on such terms as
may be declared by the Corporation.
ELIGIBILITY CONDITIONS AND FEATURES:
A) Minimum Entry Age: [8] Last birthday
B) Maximum Entry Age: [45] Nearest birthday
C) Policy Term: [10] Years
D) Maximum Maturity Age: [60] Years nearest birthday
E) Mode of premium payment: Single premium
F) Minimum Maturity Sum Assured: Rs.60000/-
G) Maximum Maturity Sum Assured: No Limit
Maturity Sum Assured shall be in multiple of Rs. 5000/-
Age at entry of the Policyholder is to be taken as age nearest birthday except for the minimum age at entry

1) Client Index: - New Filter Select CRM Groups is added.
2) Loan Transaction History: - New Form Loan Transaction History is added under the Loan
Related Reports menu. Use this report to view all the historical transactions of loan for a given date range.

New Magic Plan –FOREVER INCOME for Financial Year 2012-13 Implemented -
Combination of 12 Jeevan Tarang policies, with an advance presentation using the S.B. feature of 5.5% as
monthly income after term end. In this magic plan each policy will be commenced in every month
1) LIC’s New plan FLEXI PLUS table no. 811 implemented: -
LIC’s Flexi Plus is a unit linked assurance plan, which not only provides a lump sum benefit on death but
also the maturity benefit irrespective of the survival of the Policyholder. The policyholder can choose the

amount of premium he/she desires to pay, depending on which policyholder will get the equivalent level
of cover.
BENEFITS:
Benefits payable on death:
In case of death of the Life Assured within the policy term, when the cover is in full force, payment of all
future premiums due under the policy are not required to be paid and:
• Immediate lump sum payment equal to Sum Assured shall be paid to the nominee /legal heir.
• An amount equal to sum of all future premiums payable after the date of death shall be credited to
the Policyholder’s Fund. The units shall be allocated at the NAV applicable for the fund type opted for
under the policy as at the date of booking of liability death. The liability shall be booked after receipt of
intimation along with death certificate. On maturity date, units available in the Policyholder’s Fund will be
multiplied by the NAV as on that date and the total fund value will be given to the nominee/legal heir.
b) Benefits payable on maturity:
On Life Assured surviving the date of maturity, an amount equal to the Policyholder’s Fund
Value is payable.
ELIGIBILITY CONDITIONS AND FEATURES:
a) Sum Assured:
(10* annualized premium) or (105% of the total premiums paid including any premiums which have fallen
due but not paid), whichever is higher.
b) Minimum Premium:
Mode Amount
Yearly Rs. [15,000]
Half-Yearly Rs. [10,000]
Quarterly Rs. [5,000]
Monthly (ECS) Rs. [2,000]
c) Maximum Premium:
Mode Amount
Yearly Rs. [100,000]
Half-Yearly Rs. [50,000]
Quarterly Rs. [25,000]
Monthly (ECS) Rs. [8,000]
Annualized Premiums shall be payable in multiple of Rs. 1,000 for all modes other than ECS monthly. For
monthly (ECS), the premium shall be in multiples of Rs. 250/-(in years)
d) Minimum Entry Age: [18] last birthday
e) Maximum Entry Age: [50] nearest birthday
f) Policy Term: [10 to 20] years
g) Maximum Maturity Age: [60] years nearest birthday
Age at entry for the policyholder is to be taken as age nearest birthday except for the Minimum age at
entry i.e. 18 years.

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan Single Premium Endowment Plan (Table No. 817)


LIC’s New Plan Single Premium Endowment Plan (Table No. 817) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Single Premium Endowment Plan (Plan No.
817) with effect from 1st January, 2014. The Unique Identification Number (UIN) for LIC’s New
Endowment Plan is 512N283V01. This number has to be quoted in all relevant documents furnished to
the Policyholders and other users (public, distribution channels).This is Single Premium conventional
Endowment Assurance Plan. The benefits are as follows.
Death Benefit:
a) On death during the policy term before the date of commencement of risk: Return of single premium
excluding service tax and extra premium, if any, without interest.
b) On death during the policy term after the date of commencement of risk: Sum Assured along with
vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
Maturity Benefit: Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional
Bonus, if any, shall be payable.
Participation in profits: The policy shall participate in profits of the Corporation and shall be entitled to
receive Simple Reversionary Bonuses declared as per the experience of the Corporation.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a
claim either by death or maturity on such terms and conditions as may be declared by the Corporation
from time to time.
ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
1. Minimum entry age : 90 days (completed)
2. Maximum entry age : 65 years (nearest birthday)
3. Maximum maturity age: : 75 years (nearest birthday)
4. Minimum policy term : 10 years
5. Minimum age at maturity : 18 years (completed)
6. Maximum policy term : 25 years
7. Minimum Sum Assured : Rs.50,000
8. Maximum Sum assured : No limit
Sum Assured will be in multiples of Rs.5000 /- only.
Payment Mode: - Single Premium Only.
Two New EXPRESS COMBOS implemented:-
1) Akshay Deep
A unique combination of New Endowment Plan and Jeevan Akshay to provide a deferred retirement
solution. The endowment policy gives you high coverage during your prime years and the maturity is
invested in Jeevan Akshay for lifetime pension after 25 years.
2) Lifetime Upahaar
A single premium deferred annuity solution. Invest Rs. 4 lacs* just once and after 25 years get Rs.
1,57,000 every year for lifetime + Leave a legacy of Rs. 21 Lacs for your next generation
New Magic Plan RETIRE AND ENJOY 1 implemented:-
Most popular feature for Retirement planning using plan 814 as base plan with various term
combinations Ltd. Payment option is available.
For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Endowment Plan (Table No. 814)


LIC’s New Endowment Plan (Table No. 814) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Endowment Plan (Plan No. 814) with effect
from 3rd January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is -
512N277V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).
BENEFITS:
The benefits payable under an inforce policy are as under:
Benefits payable on death:
On death of the Life Assured during the policy term the Death Benefit, defined as sum of “Sum
Assured on Death”, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be
payable, where, “Sum Assured on Death” is higher of Basic Sum Assured or 10 times of annualized
premium. This Death Benefit (as defined above) shall not be less than 105% of total premiums paid as
on date of death. The premiums mentioned above exclude taxes, extra premium and rider premiums, if
any.
Benefits payable on maturity:
On survival to the end of the policy term, Basic Sum Assured along with vested Simple Reversionary
bonuses and Final Additional bonus, if any, shall be payable.
Participation in Profits: Depending upon the Corporation’s experience the policies shall participate in
the profits and shall be eligible for simple reversionary bonus at such rate and on such terms as may be
declared by the Corporation. Final Additional Bonus may also be declared under the policy which will
be payable on the expiry of the policy term or on earlier death provided the policy has run for certain
minimum term.
OPTIONAL BENEFIT:
This plan provides the following optional rider by payment of additional premium:
LIC’s Accidental Death and Disability Benefit Rider UIN ( 512B209V01): LIC’s Accidental Death and
Disability Benefit Rider is available as an optional rider by payment of additional premium during the
term of the policy. If there be more policies than one and if the total Accident Benefit exceeds Rs.50
lakhs, the benefits shall apply to the first Rs. 50 lakhs Sum Assured in order of date of policies issued.
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 in force 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. If the policy becomes
a claim before the expiry of the said period of 10 years, the disability benefit installments which have
not fallen due will be paid along with the claim amount.
The premium rate for this rider is as under;
Rs. 1.00 per thousand Accident Benefit Sum Assured irrespective of age.
Rs. 1.50 per thousand Accident Benefit Sum Assured, if the Life Assured is engaged in police duty
(which excludes administrative assignments) in any police organization other than paramilitary forces
and opts for this cover while engaged in police duty.
This benefit will be available only till the policy anniversary on which the age nearer birthday of the Life
assured is 70 yrs or till the policy term, whichever is earlier. The premium for this benefit shall not be
required to be paid from the policy anniversary at which the benefit ceases. 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. Beyond the specific details as mentioned in this circular in respect of this
rider, additional details i.e. requirements of claim, definition of disability etc, may be referred from the
rider circular.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
For Basic Plan:
8)Minimum Age at entry for Life Assured : 8 years (completed)
9)Maximum Age at entry for Life Assured : 55 years (nearest birthday)
10) Minimum Policy Term : 12 years
11) Maximum Policy Term : 35 years
12) Minimum Basic Sum Assured : Rs. 1,00,000/-
13) Maximum Basic Sum Assured : No Limit
14) Maximum Maturity Age for Life Assured : 75 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 5000/-.
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.
For Accident and Disability Benefit Rider:
5) Minimum Entry Age : 18 years (completed)
6) Maximum Entry Age : 55 years (nearest birthday)
Maximum Cover ceasing Age : The cover can be opted for at any
policy anniversary during the policy term but before the policy anniversary on which the age
nearer birthday of the Life Assured is 70 years.
7)Minimum Accident Benefit Sum Assured : Rs. 1,00,000/-
8)Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured subject to
the maximum of Rs.50 lakh overall limit taking all existing policies of the Life Assured under
individual as well as group policies including policies within built 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/-.
MODE OF PREMIUM PAYMENT:

The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS or
through salary deductions).
For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC New Plan New Money Back Plan 25 (Table No. 821)


LIC New Plan New Money Back Plan 25 (Table No. 821) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Money Back Plan (Plan No. 821) with effect
from 6th January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is -
512N278V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).This is a non linked with profits limited premium payment
plan.
BENEFITS:
The benefits payable under an inforce policy are as under:
Benefits payable on death:
On death of the Life Assured during the policy term the Death Benefit, defined as sum of “Sum Assured
on Death”, 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
annualized premium. This Death Benefit (as defined above) shall not be less than 105% of total
premiums paid as on date of death. The premiums mentioned above exclude taxes, extra premium and
rider premiums, if any.
Survival Benefit:
On the Life Assured surviving to the end of the specified durations i.e. 5th 10th,15th & 20th policy year,
15% of basic sum assured is payable.
Maturity Benefit:
On the Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with
vested Reversionary Bonuses and Final Addition Bonus if any shall be payable.
Participation in Profits:
Depending upon the Corporation’s experience the policies shall participate in the profits and shall be
eligible for simple reversionary bonus at such rate and on such terms as may be declared by the
Corporation. Final Additional Bonus may also be declared under the policy which will be payable on the
expiry of the policy term or on earlier death provided the policy has run for certain minimum term.
OPTIONAL BENEFIT:
This plan provides the following optional rider by payment of additional premium:
LIC’s Accidental Death and Disability Benefit Rider UIN ( 512B209V01): LIC’s Accidental Death and
Disability Benefit Rider is available as an optional rider by payment of additional premium during the
term of the policy. If there be more policies than one and if the total Accident Benefit exceeds Rs.50
lakhs, the benefits shall apply to the first Rs. 50 lakhs Sum Assured in order of date of policies issued.
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 in force at the time of accident.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
For Basic Plan:
1) Minimum Age at entry for Life Assured : 13 years (completed)
2) Maximum Age at entry for Life Assured : 45 years (nearest birthday)
3) Policy Term : 25 years
4) Premium Paying Term : 20 years
5) Minimum Basic Sum Assured : Rs. 1,00,000/-
6) Maximum Basic Sum Assured : No Limit
7) Maximum Maturity Age for Life Assured : 70 years (nearest birthday)

The Basic Sum Assured shall be in multiples of Rs. 5000/-.
For Accident and Disability Benefit Rider:
Minimum Entry Age : 18 years (completed)
Maximum Entry Age : the cover can be opted for at any policy
anniversary during the premium paying term
Maximum Cover ceasing Age : 70 years nearest birthday.
Minimum Accident Benefit Sum Assured : Rs. 1,00,000/-
Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured subject to the
maximum of Rs.50 lakh overall limit taking all existing policies of the Life Assured under individual as
well as group policies including policies within built 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/-.
MODE OF PREMIUM PAYMENT:
The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS or
through salary deductions).

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan New Money Back Plan 20 (Table No. 820)


LIC’s New Plan New Money Back Plan 20 (Table No. 820) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Money Back Plan (Plan No. 820) with effect
from 6th January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is -
512N280V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).This is a non linked with profits limited premium payment
plan.
BENEFITS:
The benefits payable under an inforce policy are as under:
e) Benefits payable on death:

On death of the Life Assured during the policy term the Death Benefit, defined as sum of “Sum Assured
on Death”, 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
annualized premium. This Death Benefit (as defined above) shall not be less than 105% of total
premiums paid as on date of death. The premiums mentioned above exclude taxes, extra premium and
rider premiums, if any.
f) Survival Benefit:
On the Life Assured surviving to the end of the specified durations i.e. 5th 10th & 15th policy year, 20% of
basic sum assured is payable.
g) maturity Benefit:
On the Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with
vested Reversionary Bonuses and Final Addition Bonus if any shall be payable.
d) Participation in Profits:
Depending upon the Corporation’s experience the policies shall participate in the profits and shall be
eligible for simple reversionary bonus at such rate and on such terms as may be declared by the
Corporation. Final Additional Bonus may also be declared under the policy which will be payable on the
expiry of the policy term or on earlier death provided the policy has run for certain minimum term.
OPTIONAL BENEFIT:
This plan provides the following optional rider by payment of additional premium:
LIC’s Accidental Death and Disability Benefit Rider UIN ( 512B209V01): LIC’s Accidental Death and
Disability Benefit Rider is available as an optional rider by payment of additional premium during the
term of the policy. If there be more policies than one and if the total Accident Benefit exceeds Rs.50
lakhs, the benefits shall apply to the first Rs. 50 lakhs Sum Assured in order of date of policies issued.
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 in force at the time of accident.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
For Basic Plan:
1) Minimum Age at entry for Life Assured : 13 years (completed)
2) Maximum Age at entry for Life Assured : 50 years (ANB)
3) Policy Term : 20 years
4) Premium Paying Term : 15 years
5) Minimum Basic Sum Assured : Rs. 1,00,000/-
6) Maximum Basic Sum Assured : No Limit
7) Maximum Maturity Age for Life Assured : 70 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 5000/-.
For Accident and Disability Benefit Rider:
1) Minimum Entry Age : 18 years (completed)
2)Maximum Entry Age : the cover can be opted for at any policy
anniversary during the premium paying term
1. Maximum Cover ceasing Age : 70 years nearest birthday.
3)Minimum Accident Benefit Sum Assured : Rs. 1,00,000/-
4)Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured subject to
the maximum of Rs.50 lakh overall limit taking all existing policies of the Life Assured under
individual as well as group policies including policies within built 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/-.

MODE OF PREMIUM PAYMENT:
The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS or
through salary deductions).

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan New Bima Bachat (Table No. 816)


LIC’s New Plan New Bima Bachat (Table No. 816) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Money Back Plan (Plan No. 820) with effect
from 7th January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is -
512N284V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).
BENEFITS: The benefits payable under an inforce policy are as under:
a) Benefits payable on death:
On Death during the first five Year: - Sum assured shall be payable.
On death after completion of five policy year:-Sum Assured along with Loyalty Addition if any
shall be payable.
b) Survival Benefit:
On the Life Assured surviving to the end of the specified durations the following benefits shall be
available.
For policy term 9 years:-
15% of the Sum Assured at the end of the 3rd & 6th policy year.
For policy term 12 years:-
15% of the Sum Assured at the end of the 3rd,6th & 9th policy year.
For policy term 15 years:-
15% of the Sum Assured at the end of the 3rd, 6th, 9th & 12th policy year.
Maturity Benefit:
On the Life Assured surviving to the end of the policy term, Single premium paid along with Loyalty
Addition if any less taxes and extra premium if any shall be payable.
d) Loyalty Addition: -
Depending upon the Corporations experience the policies shall be participate in the profits and shall be
eligible for Loyalty Addition. The Loyalty Addition if any shall be payable on death after completion of
five policy years and on policy holder surviving to maturity, at such terms as may be declared by
corporation.

ELIGIBILITY CONDITIONS AND RESTRICTIONS:
1) Minimum Age at entry for Life Assured : 15 years (completed)
2) Maximum Age at entry for Life Assured : 66 years (nearest birthday) for term 9 yrs.
:63 years (nearest birthday) for term 12 yrs.
:60 years (nearest birthday) for term 15 yrs.
3) Policy Term : 9, 12 and 15 years
4) Premium Paying Term : 15 years
5) Minimum Basic Sum Assured : Rs. 35000/- for term 9 years
: Rs. 50000/- for term 9 years
: Rs. 70000/- for term 9 years
6) Maximum Basic Sum Assured : No Limit
7) Maximum Maturity Age for Life Assured : 75 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 5000/-
Mode of payment Single premium only.

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan New Jeevan Nidhi (Table No. 818)


LIC’s New Plan New Jeevan Nidhi (Table No. 818) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Jeevan Nidhi (Table No. 818) with effect
from 27th January, 2014. The Unique Identification Number (UIN) for LIC’s New Jeevan Nidhi Plan is -
512B209V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).
a) Death Benefit:
Death during first five policy years: Provided the policy is in full force, Basic Sum Assured along with
accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump
sum and balance in the form of an annuity to the nominee/legal heir at the then Prevailing immediate
annuity rates.
Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with
accrued Guaranteed Addition, vested Simple Reversionary Bonuses and Final Additional Bonus, if any,
shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of
an annuity to the nominee/legal heir at the then prevailing immediate annuity rates.
(b) Participation in profits:
The policy shall participate in profits from the 6th policy year onwards tll the end of the Deferment
period and at such rates as may be declared by the Corporation provide the policy is kept in force for
full Sum Assured.
Final Addition Bonus, if any, may also be declared under the policy depending upon the experience of
the Corporation and shall be payable either on vesting or on earlier death provided the policy has run
for certain minimum term.
(b) Optional Benefit:
LIC’s Accidental Death and Disability Benefit Rider LICs Accidental Death and Disability Benefit Rider is
available as an optional rider by payment of additional premium. In case of accidental death, the
Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic
plan. In case of accidental permanent disability arising due to accident (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
Insure And Be Secure equal to Accident Benefit Sum Assured under the policy, shall be waived.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
1) Minimum Age at entry for Life Assured : 20 years (completed)
2) Maximum Age at entry for Life Assured : 60 years (nearest birthday) under single premium.
: 58 years (nearest birthday) under Regular premium
3) Minimum Age at Vesting : 55 years (nearest birthday)
4) Maximum Age at Vesting : 65 years (nearest birthday)
5) Minimum Deferment Period : 5 years under Single premium
: 7 years under Regular premium
6) Maximum Deferment Period : 35 years

13) Minimum Basic Sum Assured : Rs. 150000
under single premium
14) Minimum Basic Sum Assured : Rs. 100000 under
Regular premium
9) Maximum Basic Sum Assured : No Limit
The Basic Sum Assured shall be in multiples of Rs. 5000/-
Mode of payment Yearly, Half Yearly, Quarterly, Monthly[ECS or through salary Savings Scheme],
Single premium only.

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan Anmol Jeevan II (Table No. 822)


LIC’s New Plan Anmol Jeevan II (Table No. 822) implemented.
INTRODUCTION: It has been decided to introduce LIC’s Anmol Jeevan II (Table No. 822) with effect from
3rd February, 2014. The Unique Identification Number (UIN) for LIC’s Anmol Jeevan II Plan is -
512N285V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).
a) Death Benefit:
Benefits payable on Death: On death of the Life assured during the policy term Sum Assured shall be
payable.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
1) Minimum Age at entry for Life Assured :- 18 years (completed)
2) Maximum Age at entry for Life Assured :- 55 years (nearest birthday)
3) Minimum Policy Term :- 5 years
4) Maximum Policy Term :- 25 years
5) Minimum Basic Sum Assured :- Rs. 600000

6) Maximum Basic Sum Assured :- Rs. 2400000
7) Maximum Cover ceasing age for Life Assured :- 65 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 100000/-
Mode of payment Yearly, Half Yearly only.

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan Amulya Jeevan II (Table No. 823)


LIC’s New Plan Amulya Jeevan II (Table No. 823) implemented.
INTRODUCTION: It has been decided to introduce LIC’s Amulya Jeevan II (Table No. 823) with effect
from 3rd February, 2014. The Unique Identification Number (UIN) for LIC’s Amulya Jeevan II Plan is -
512N286V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).
a) Death Benefit:
Benefits payable on Death: On death of the Life assured during the policy term Sum Assured shall be
payable.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
7) Minimum Age at entry for Life Assured :- 18 years (completed)
8) Maximum Age at entry for Life Assured :- 60 years (nearest birthday)
9) Minimum Policy Term :- 5 years
10) Maximum Policy Term :- 35 years
11) Minimum Basic Sum Assured :- Rs. 2500000
12) Maximum Basic Sum Assured :- No Limit
7) Maximum Cover ceasing age for Life Assured : - 70 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 100000/-
Mode of payment Yearly, Half Yearly

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com

LIC’s New Plan e-Term (Table No. 825)


LIC’s New Plan e-Term (Table No. 825) implemented.
INTRODUCTION: It has been decided to introduce LIC’s e-Term Plan (Table No. 825) with effect from
16th May, 2014. The Unique Identification Number (UIN) for LIC’s e-Term Plan is 512N288V01. This
number has to be quoted in all relevant documents furnished to the Policyholders and other users
(public, distribution channels).
a) Death Benefit:
Benefits payable on Death: On death of the Life assured during the policy term Sum Assured shall be
payable.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
1) Minimum Age at entry for Life Assured :- 18 years (completed)
2) Maximum Age at entry for Life Assured :- 60 years (nearest birthday)
3) Minimum Policy Term :- 10 years
4) Maximum Policy Term :- 35 years
5) Minimum Basic Sum Assured : - Rs. 2500000 for Aggregate Category.
: - Rs. 5000000 for Non Smoker Category.
6) Maximum Basic Sum Assured :- No Limit
7) Maximum Cover ceasing age for Life Assured : - 75 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 100000/-
Mode of payment Yearly only.
Club Membership Eligibility:- New Club i.e. Club Galaxy implemented.
1. Membership year: The year in which an agent becomes member of a club will be known as
the Membership Year. It will run from 1st September to the following 31st August. The Financial
year immediately preceding the Membership Year is the Qualifying Year. First qualifying year
will be from 1st April 2014 to 31st March 2015 and First membership year will be from 1st
September 2015 to 31st August 2016.
2. Eligibility Criteria:- Eligibility criteria for the Entry and Continuation in the club shall be fixed
every year by the Central Office.
Eligibility criteria for Membership year 2015-16 :-
(a) The qualifying condition for entry to the Club would be as under:
1 Agents should have brought following business in the financial year preceding the
qualifying year i.e. during the financial year 2013-14:
First Year Commission : 8 lakh (Without Bonus Commission) OR
First year Premium : 33 lakh (1n case of Single premium 6% credit will
be given for First year premium)
2 Requirement in qualifying year (2014-15):
First Year Commission :- 10 lakh (without Bonus commission) OR
First year Premium :- 40 lakh (In case of Single premium 6% credit will be
given for First year premium)
3 First Year Lapsation at the end of qualifying year: <10%
b.) Continuation in the club:-
1 First Year Commission :- 10 lakh (without Bonus commission
OR
First year Premium : - 40lakh (In case of Single premium 6% credit will be
given for First year premium)
2 First Year Lapsation <10%
Comprehensive Insurance Chart:-
1) Special Information column is added to show Rider (Other than DAB) & Extra Premium
Information if opted.
2) Premium paid option is added in Current Status of Ulip Linked Policies.

        For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com,  www.plotsinhyd.com

LIC’s Jeevan Rakshak (Table No. 827)


LIC’s Jeevan Rakshak (Table No. 827) implemented.
INTRODUCTION: It has been decided to introduce LIC’s Jeevan Rakshak Plan (Plan No. 827) with effect
from 19th August, 2014. The Unique Identification Number (UIN) for LIC’s Jeevan Rakshak Plan is -
512289V01. This number has to be quoted in all relevant documents furnished to the Policyholders and
other users (public, distribution channels).
BENEFITS:
The benefits payable under an inforce policy are as under:
Benefits payable on death:
On death of the Life Assured during the policy term the Death Benefit, defined as sum of “Sum
Assured on Death”, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be
payable, where, “Sum Assured on Death” is higher of Basic Sum Assured or 10 times of annualized
premium. This Death Benefit (as defined above) shall not be less than 105% of total premiums paid as
on date of death. The premiums mentioned above exclude taxes, extra premium and rider premiums, if
any.
In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion
of 5th policy year.
Benefits payable on maturity:
On survival to the end of the policy term, Basic Sum Assured along with vested Simple Reversionary
bonuses and Final Additional bonus, if any, shall be payable.
Participation in Profits: Provided the policy is in full force, then depending upon the Corporation’s
experience the policies under this plan will be eligible for Loyalty Addition. The Loyalty Addition, if any,
is payable at such rate and on such terms as may be declared by the Corporation on death after
completion of 5th policy year or on Policyholder surviving to the maturity.
OPTIONAL BENEFIT:
This plan provides the following optional rider by payment of additional premium:
LIC’s Accidental Death and Disability Benefit Rider UIN ( 512B203V02): LIC’s Accidental Death and
Disability Benefit Rider is available as an optional rider by payment of additional premium during the
term of the policy. If there be more policies than one and if the total Accident Benefit exceeds Rs.50
lakhs, the benefits shall apply to the first Rs. 50 lakhs Sum Assured in order of date of policies issued.
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 in force 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. If the policy becomes
a claim before the expiry of the said period of 10 years, the disability benefit installments which have
not fallen due will be paid along with the claim amount.
The premium rate for this rider is as under;
Rs. 0.50 per thousand Accident Benefit Sum Assured irrespective of age.
Rs. 1.00 per thousand Accident Benefit Sum Assured, if the Life Assured is engaged in police duty either
in any military, naval or police organization and opts for this cover while engaged in police duty.
Accident Benefit Rider shall not acquire any paid-up value and the rider benefit will cease to apply,
if policy is in lapsed condition.
Note: Other than above mentioned LIC’s Accident Benefit rider, no other riders including LIC’s
Accidental Death and Disability Benefit Rider (UIN: 512B209V01) is allowed to be attached with this
plan.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
For Basic Plan:
1)Minimum Age at entry for Life Assured : 8 years (completed)
2)Maximum Age at entry for Life Assured : 55 years (nearest birthday)
3)Minimum Policy Term : 10 years
4)Maximum Policy Term : 20 years
5)Minimum Basic Sum Assured : Rs. 75,000/-
6)Maximum Basic Sum Assured : Rs. 2,00,000/-
7)Maximum Maturity Age for Life Assured : 70 years (nearest birthday)
The Basic Sum Assured shall be in multiples of Rs. 5000/-.
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.
For Accident and Disability Benefit Rider:
1) Minimum Entry Age : 18 years (completed)
2) Maximum Entry Age : 55 years (nearest birthday)
Maximum Cover ceasing Age :The cover can be opted for at any policy
anniversary during the policy term but before the policy anniversary on which the age nearer
birthday of the Life Assured is 70 years.
3)Minimum Accident Benefit Sum Assured : Rs. 75,000/-
4)Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured subject to
the maximum of Rs.50 lakh overall limit taking all existing policies of the Life Assured under
individual as well as group policies including policies within built 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/-.
MODE OF PREMIUM PAYMENT:
The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS or
through salary deductions).

 For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com,  www.plotsinhyd.com

LIC’s Varishtha Pension Bima Yojana (Table No. 828)

LIC’s Varishtha Pension Bima Yojana (Table No. 828) implemented.
INTRODUCTION: It has been decided to re-launch LIC’s Varishtha Pension Bima Yojana Plan (Plan No.
828) with effect from 14th August, 2014. The Unique Identification Number (UIN) for LIC’s Varishtha
Pension Bima Yojana Plan is 512G291V01. This number has to be quoted in all relevant documents
furnished to the Policyholders and other users (public, distribution channels).
BENEFITS:
The benefits payable under this plan are as under:
a) Pension Payable :-
During the lifetime of the pensioner, a pension in the form of immediate annuity as per the mode
chosen by the Pensioner shall be payable.
b) Death Benefit:-
On death of the Pensioner the purchase Price shall be refunded to the to the nominee/legal heirs.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
1)Minimum Age at entry for Life Assured : 60 years (last birthday)
2)Maximum Age at entry for Life Assured : No Limit
3)Minimum Pension : Rs. 500 per month
: Rs. 1500 per quarter
: Rs. 3000 per half year
: Rs. 6000 per year
4) Minimum Pension : Rs. 5000 per month
: Rs. 15000 per quarter
: Rs. 30000 per half year
: Rs. 60000 per year
MODE OF Pension Payment:
The modes of pension payment allowable are Yearly, Half Yearly, Quarterly, and Monthly.