Plan No. 848 UIN: 512N316V01

Transcription

1 LIC s BimaShree (Non-linked with profits Limited Premium Payment Money Back Plan) Plan No. 848 UIN: 512N316V01 This presentation is for internal circulation purpose only. For complete details refer Sales Literature and Policy Document of the plan or visit nearest branch of LIC.

2 ज ल हर ल ह ट शन, ल कर एल आई स क ब म Live every moment tension free, Buy LIC s Bima Shree

3 USP LIC s BimaShree Minimum Sum Assured of Ten Lacs Minor lives aged 8 years and above are eligible Option to roll over Survival Benefit(s) Option to take Death/Maturity Benefit in installments Higher Agency commission in last year of PPT

4 Continued Total Four Riders available Guaranteed Additions (During PPT only) + Loyalty Addition (After 5 years) Paid-up: After payment of Two full year s premium Paid-up: Proportionate Survival Benefits Paid-up: Loyalty Addition corresponding to no. of years premiums paid

5 Maturity Benefit Basic Benefits Death Benefit Survival Benefit

6 Term-14 Years, PPT-10 Years 30% of Basic Sum Assured At the end of 10 th & 12 th policy year Term-16 Years, PPT-12 Years 35% of Basic Sum Assured At the end of 12 th & 14 th policy year Term-18 Years, PPT-14 Years 40% of Basic Sum Assured At the end of 14 th & 16 th policy year Term-20 Years, PPT-16 Years 45% of Basic Sum Assured At the end of 16 th & 18 th policy year

7 Deferment of Survival Benefit(s) Option to defer & take the increased Survival Benefit(s) (including interest) at any time after the due date during the currencyofthepolicy To be intimated by the policyholder in writing at least six months before the due dateofthesurvivalbenefit

8 On death during first five policy years 125% of Basic Sum Assuredalong with accrued Guaranteed Additions On death after completion of five policy years 125% of Basic Sum Assured along with accrued Guaranteed Additions and Loyalty Additions, if any.

9 Term- 16 Years Term- 20 Years Term- 14 Years 40% of Basic Sum Assured 30% of Basic Sum Assured Term- 18 Years 20% of Basic Sum Assured 10% of Basic Sum Assured Along with accrued Guaranteed Additions and Loyalty Additions, if any

10 Claim amount (i.e. Maturity Benefit or Death Benefit) may be taken in installments over chosen period of 5/10/15 yrs instead of lump sum amount Option to take DB/MB in Installments Flexibility to exercise the option in respect offull or part of claim proceeds Instalments will be paid in advance subject to minimum installment amount Flexibility to withdraw this Option even after payment commences (Against Maturity)

11 a LIC s Accident benefit Rider LIC s Critical Illness rider OR LIC s Accidental Death & Disability Rider Optional riders LIC s New Term Assurance Rider LIC s Premium Waiver Benefit Rider

12 Min Entry Age Max Entry Age Min BSA Max BSA Term & PPT Term Age* Options Term PPT 8 years (completed) ,00,000/- No Limit *Agein Nearest Birthday Basic Sum Assured in multiples of Rs. 1,00,000/-

13 Basic Sum Assured (Rs.) Reduction in Tabular premium (per Rs. 1000/-BSA) 10 LakhTo 19 Lakhs Nil 20 LakhsTo 49 Lakhs Rs Lakhs& Above Rs Mode Yearly Half Yearly Rebate 2% of tabular premium 1% of tabular premium

14 Agents- PremiumPaying Term 1 st Year 2 nd & 3 rd Year 4 th Year to 1 Year before PPT Last Year 10, 12 & 14 Years 20% 7.50% 5% 7.50% 16 Years 25% 7.50% 5% 7.50% Corporate Agents, Brokers and Insurance Marketing Firms- PremiumPaying Term 1 st Year Subsequent Years 10,12 & 14 Years 25% 5% 16 Years 30% 5% Development Officer Credit- Premium Paying Term Credit 10,12 & 14 Years 60% 16 Years 100%

15 Policy Loan Caters to Liquidity needs during the policy term Available any time after payment of atleast twoyear premium Maximum loan of 90% of surrender value

16 Age- 25 Years Term-14 Years PPT- 10 Years Annual Death Benefit (INR) Premium (In Lacs) (INR) Sum Assured- Rs. 10,00,000 Mode- Yearly Projected Return Total Survival Maturity Benefit (INR) Benefit (INR) Total Benefit* (p.a.) (INR) (In Lacs) (In Lacs) (In Lacs) Death in 4th year Death in 10th Year Death in 14th Year At the end of (40% of 10 th & 12 th Yr. BSA+GA+LA) 4% 1,08, % 1,08, (Approx.) (Approx.) The above figures are sample Illustrations only and are subject to change depending upon Loyalty Addition declared. For details refer customized benefit illustration. The projected return of 4% p.a. or 8% p.a. is not guaranteed. No Loyalty Addition at projected return of 4%, only Guaranteed Addition is payable. *Total Benefit is sum of Survival Benefit(accumulated till maturity interest 5%p.a. assuming 5 Year Sec rate is 6.50% p.a.) and Maturity Benefit.

17 Assuming Basic Sum Assured of Rs. 10,00,000, Age 25 Years, Term 14 Years In Lakh Cumulative Premium DB(Proj. Return of 4%) DB(Proj. Return of 8%) SB Payable at the end of the year MB(Proj. Return of 4%) MB(Proj. Return of 8%) The above figures are sample Illustrations only and are subject to change depending upon Loyalty Addition declared. For details refer customized benefit illustration. The projected return of 4% p.a. or 8% p.a. is not guaranteed. No Loyalty Addition at projected return of 4%, only Guaranteed Addition is payable. *Total Benefit is sum of Survival Benefit(accumulated till maturity interest 5%p.a. assuming 5 Year Sec rate is 6.50% p.a.) and Maturity Benefit.

18 Age- 25 Years Term-20 Years PPT- 16 Years Annual Death Benefit (INR) Premium (In Lacs) (INR) Sum Assured- Rs. 10,00,000 Mode- Yearly Projected Return Total Survival Maturity Benefit (INR) Benefit (INR) Total Benefit* (p.a.) (INR) (In Lacs) (In Lacs) (In Lacs) Death in 4th year Death in 10th Year Death in 18th Year At the end of (10% of 16 th & 18 th Yr. BSA+GA+LA) 4% 69, % 69, (Approx.) (Approx.) The above figures are sample Illustrations only and are subject to change depending upon Loyalty Addition declared. For details refer customized benefit illustration. The projected return of 4% p.a. or 8% p.a. is not guaranteed. No Loyalty Addition at projected return of 4%, only Guaranteed Addition is payable. *Total Benefit is sum of Survival Benefit(accumulated till maturity interest 5%p.a. assuming 5 Year Sec rate is 6.50% p.a.) and Maturity Benefit.

19 Assuming Basic Sum Assured of Rs. 10,00,000, Age 25 years, Term 20 Years In Lakh Cumulative Premium DB(Proj. Return of 4%) DB(Proj. Return of 8%) SB Payable at the end of the year MB(Proj. Return of 4%) MB(Proj. Return of 8%) The above figures are sample Illustrations only and are subject to change depending upon Loyalty Addition declared. For details refer customized benefit illustration. The projected return of 4% p.a. or 8% p.a. is not guaranteed. No Loyalty Addition at projected return of 4%, only Guaranteed Addition is payable. *Total Benefit is sum of Survival Benefit(accumulated till maturity interest 5%p.a. assuming 5 Year Sec rate is 6.50% p.a.) and Maturity Benefit.

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