Pension Plans from LIC

Pension Plans are Individual Plans to gaze into your future and foresee financial stability during your retirement age. These policies are most suited for senior citizens and those planning a safe and secure future. The objective of lic's pension plan is to provide financial security to your family during your
productive span and a happy independent retired lifestyle for yourself and your spouse
when you decide to retire.
 

New Jeevan Suraksha-I These are Deferred Annuity plans that allow the policyholder to make provision for regular income after the selected term. Read more...   Jeevan Akshay VI It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities. Read more...

New Jeevan Dhara-I These are Deferred Annuity plans that allow the policyholder to make provision for regular income after the selected term. Read more...   Jeevan Nidhi LIC's JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan. On survival of teh policyholder beyond term of teh policy teh accumulated amt (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) 4  teh policyholder. teh plan also provides a risk cover during teh deferment period. teh USP of teh plan being teh pension can commence at 40 years.  teh premiums paid are exempt under Section 80CCC of Income Tax Act. Read more...

LIC Pension Plans - Jeevan Akshay VI

It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities.


Options are Available:
The following options are available under the plan

Type of Annuity:

• Annuity payable for life at a uniform rate.
• Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
• Annuity for life with return of purchase price on death of the annuitant.
• Annuity payable for life increasing at a simple rate of 3% p.a.
• Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
• Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.

You may choose any one. Once chosen, the option cannot be altered.

Payment Mode:

• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.

Salient features:

• Premium is to be paid in a lump sum.
• Minimum purchase price : Rs.50,000/= or such amount which may secure a minimum annuity as under:

  Mode	Minimum Annuity
  Monthly	Rs. 500 per month
  Quarterly	Rs. 1000 per quarter
  Half-yearly	Rs. 2000 per half year
  Yearly	Rs. 3000 per year

• No medical examination is required under the plan.
• No maximum limits for purchase price, annuity etc.
• Minimum age at entry 40 years last birthday and Maximum age at entry 79 years last birthday.
• Age proof necessary.

Annuity Rate:
Amount of annuity payable at yearly intervals which can be purchased for Rs. 1 lakh under different options is as under:

Age last birthday	Yearly annuity amount under option
	( i )	( ii ) (15 years certain)	( iii )	( iv )	( v )	( vi )
40	7510	7440	6930	5610	7310	7120
45	7770	7660	6960	5890	7500	7240
50	8140	7950	7000	6280	7760	7420
55	8650	8330	7050	6810	8130	7670
60	9350	8790	7110	7530	8640	8030
65	10410	9330	7180	8590	9400	8570
70	12080	9830	7260	10220	10560	9370
75	14510	10220	7360	12590	12240	10590

Incentives for high purchase price:
If your purchase price is Rs. 1.50 lakh or more, you will receive higher amount of annuity due to available incentives.
Cooling-off period
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to us within 15 days from the date of receipt of the Policy Bond. On receipt of the policy we shall cancel the same and the amount of premium deposited by you shall be refunded to you after deducting the charges for stamp duty.

Paid-up value:
The policy does not acquire any paid-up value.

Surrender Value :
No surrender value will be available under the policy.

Loan :
No loan will be available under the policy.

Section 41 of Insurance Act 1938 :

• No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer:   provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer.
• Any person making default in complying with the provisions of this section shall be punishable with fine which may extend to five hundred rupees.

Note : For full details please refer to the Policy document or contact our nearest Branch             Office.
read more at http://www.licindia.in/jeevan_akshay_plan_009_features.htm

ICICI Lombard General and health Insurance Policy Plans

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Give your parents the gift of Medical Insurance comprehensive coverage

2010-05-24

Of the different gifts that you may think of giving your parents, there is nothing like gifting them Medical Insurance. When parents are old, they require proper medical treatment.

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Health insurance in India and its importance

2010-05-22

Health is wealth. If you are not in the best of health, you will find it hard to do or enjoy anything else. An unhealthy person cannot achieve much because dealing with his sickness dominates his thoughts, whereas a person with a sound health will be motivated and will be able to achieve anything.

Get Medical Insurance coverage under a network of hospitals for your entire family

2010-05-31

Caring for your family is the biggest motivation that leads you to purchase a Family Insurancethat secures health for all members in the family.

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A Health Insurance Plan gives you required medical coverage and extra benefits as well

2010-05-31

Tensionand worry about the future plague most of the people today. In an ever changing economy and ever changing circumstances, it is hard to liveoblivious of what may happen tomorrow.

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Carefully Review the Quote Provided By Health Insurance Providers for Your Policy

2010-05-28

Asa country advances, so does its tertiary industries such as the insurance sector. This statement is reflected in the manner which Indiahas seen its insurance sector grow.

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The best health insurance companies give you optimal health coverage at affordable rates

2010-05-28

The awareness about Medical Insurancehas begun penetrating every corner of India. Many people buy insurance because someone has advised them to buy one.

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Get Health Insurance online and reap the benefits in the long run

2010-05-26

Inthis new age world, where everything from a transaction to a bond of friendship is formed online, insurance should not be left behind.

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Health Insurance Coverage Is an Important Requirement for Your Life

2010-05-26

Thepurpose of our life, as per many philosophers, is simply to be happy. However, this becomes a problem if fate decides to spin the wheel of chance and grants us with an emergency situation like a new sickness or even an accident.

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Health Insurance policies help you save on taxes

2010-05-24

In our rapidly growing and dynamic economy, Medical Insurance sector has changed the face of healthcare in India. Medical Insurance sector is one of the fastest growing segments of the Indian economy today.

Read more https://www.icicilombard.com

ICICI Lombard General Insurance Plans

ICICI Lombard General Insurance
ICICI Lombard General Insurance Company Ltd. started its general insurance business operation in year 2001. The company is a joint venture between ICICI Bank Limited, India’s second largest bank with and Fairfax Financial Holdings Limited, a Canada based diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
In ten years of its business ICICI Lombard GIC Ltd. has become the largest private sector general insurance company in India. The company has 4,634 employees and 350 branches across India.It has been assigned a domestic rating of ‘iAAA’ by ICRA for highest claim paying ability and a fundamentally strong position. ICICI Lombard is also the first company to get ISO 9001:2000 certification in general insurance business in India.
ICICI Lombard uses a multi channel approach to tap its customers and provide them first-class services. It was the first general insurance company in India to start telesales operations and online selling of insurance products . The company has developed a Internet /web-based system to enable its customer to do all the pre and post-policy transactions online . One can compare different plans, get quotes, buy, renew and track their insurance policies online through the company’s website. ICICI Lombard offers various retail general insurance products online. The Online system allows instant policy issuance for all retail insurance products like Car, Two Wheeler, Health, Travel, Student Travel, Personal Accident and Home Insurance.
A) PERSONAL PRODUCTS
Health Insurance
• Health Advantage Plus
• Family floater Plan
Home Insurance
• ICICI Home Insurance plan secures the structure and/or contents of your home against natural and man-made disaster
Motor Insurance
• Car Insurance
• Two Wheeler Insurance
Overseas Travel Insurance
• Platinum Plan
• Gold Plan
• Silver Plan
Student Medical Insurance
• Plus Plan
• Gold Plan
• Silver Plan
• Bronze plan
B) BUSINESS PRODUCTS
Business Insurance
• Fire Insurance
• Marine Insurance
• Industrial Insurance
• Corporate Insurance
• Liability Insurance
• Shop Insurance
• Others
C) Rural Insurance
• Health Insurance
1. Family Health Floater
2. Poorna Suraksha Bhima
3. Sampoorna Arogya bhima
• Home Insurance
1. Gold Plan
2. Silver Plan
• Tractor Insurance
• Shop Insurance
• Weather Insurance
• Janata Personal Accident
• Farmer’s Package
D) NRI Services
• Parents’ Health Insurance
• Parents’ Overseas Travel Insurance
• Student Medical Insurance
• Home Insurance
• Personal Accident
• Critical Care Insurance
• Motor Insurance
ICICI Lombard General Insurance company can best be described as customer focused company, which only works to facilitate its customer. Please contact us for more information on ICICI Lombard products
Contact Address
ICICI Lombard General Insurance Co. Ltd.
ICICI Bank Towers
Bandra Kurla Complex
Mumbai – 400051
Website: www.icicilombard.com

LIC Komal Jeevan Insurance Plans

Product summary:
This is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.

Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured. Alternatively, the premium may be paid in one lump sum (Single premium).

Guaranteed Additions:
The policy provides for theGuaranteed Additions at the rate of  Rs.75 per thousand Sum Assured for each completed year. The Guaranteed Additions are payable at the end of the term of the policy or earlier death of the Life Assured.

Loyalty Additions:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death or maturity benefit. Loyalty addition may be payable depending on the experience of the Corporation.
read more http://www.licindia.in/children_need_002_features.htm