Today (13-Feb-2013) we are having ”LIC Help Desk Program” at Leela Building, Technopark, Trivandrum
All are welcome…
Phone Off : 00 91 4772 214892
Life Insurance, Financial Adviser
Today (05-Feb-2013) we are having “LIC Help Desk Program” at NeST Tower, Technopark, Trivandrum
All are welcome…
LIC’s New Jeevan Nidhi Plan is a
Half-Yearly - 1% of tabular premium
Quarterly - Nil
If premiums are
No loan facility will be available under this plan.
“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”
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. This plan is specially designed for you to provide a very good combination of protection and long term savings and also provides you greater flexibility to build a better life and realise your dreams.
Key benefits under this plan are:
A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (ECS) premiums.
(a) Minimum Age at entry - 18 years (last birthday)
(f) Premium Amount -
(h) Sum Assured under the Plan -
Unit Fund: The premiums allocated to purchase units will be strictly invested according to the investment pattern committed in various fund types. Various types of fund and their investment pattern will be as under:
The Policyholder has the option to choose any ONE of the above 2 funds.
Market Value of investment held by the fund + Value of Current Assets – Value of Current Liabilities & Provisions, if any
Applicability of Net Asset Value (NAV):
Similarly, in respect of the valid applications received for surrender, partial withdrawal, death claim, revival after discontinuance, switches and in case of complete withdrawal etc up to such time by the servicing branch of the Corporation closing NAV of that day shall be applicable. For the valid applications received in respect of surrender, partial withdrawal, death claim, revival after discontinuance, switches and in case of complete withdrawal etc after such time by the servicing branch of the Corporation the closing NAV of the next business day shall be applicable.
In case of discontinuance, as specified in Para 8 below, wherein the policyholder does not exercise the option within the period of 30 days of receipt of notice then the NAV as on the date of expiry of notice period shall be applicable.
In respect of maturity claim, NAV of the date of maturity shall be applicable.
The timing (presently 3 p.m.) is as per the existing guidelines and changes in this regard shall be as per the instructions from IRDA.
B) Mortality Charge:
Mortality charge, which is age specific, will be taken every month by canceling appropriate number of units out of the Policyholder’s Fund value. This charge will be deducted till the Life Assured is alive.
The rate of mortality charge per annum per Rs. 1000/- Sum at Risk for some of the ages in respect of a healthy life are as under:
C) Other Charges: The following charges shall be deducted during the term of the policy:
The Policy Administration Charge per month shall be as follows:
0.50% p.a. of Unit Fund for “Debt” Fund
No Fund Management Charge shall be deducted on Discontinued Policy Fund.
AP – Annualised Premium
Although the charges are reviewable, they will be subject to the following maximum limit:
The maximum Policy Administration Charge per month shall be as under:
The Maximum Fund Management Charge on Discontinued Policy Fund shall be 0.5% p.a. of Discontinued Policy Fund.
- Switching Charge shall not exceed Rs. 200/- per switch.
In case the policyholder does not agree with the revision of charges the policyholder shall have the option to withdraw the Policyholder’s Fund Value.
If the policy is surrendered within 5 years from the date of commencement of the policy:
In case of death of Life Assured after the date of surrender but before the completion of 5 years from the date of commencement of policy the Proceeds of the Discontinued Policy shall be payable to the nominee/ legal heir immediately.
If the policy is surrendered after 5 years from the date of commencement of the policy:
If you fail to pay premiums under the policy within the days of grace, a notice shall be sent to you within a period of fifteen days from the date of expiry of grace period to exercise one of the following options within a period of thirty days of receipt of such notice:
Upto the expiry of 30 days of receipt of notice, the policy shall be treated as inforce and the charges for Mortality shall be taken in addition to other charges, by cancelling an appropriate number of units out of the Policyholder’s Fund Value. The cover shall continue till the date of discontinuance of the policy (i.e. till the date on which the intimation is received from the policyholder for complete withdrawal of the policy or till the expiry of the notice period).
The benefits payable under the policy during the notice period shall be same as that under an inforce policy, except Partial Withdrawal, which shall not be allowed if all due premiums have not been paid.
The benefits payable when you exercise the option for complete withdrawal or you do not exercise any option during the notice period shall be as under:
If the policy is discontinued within 5 years from the date of commencement of the policy: If you exercise the option for complete withdrawal from the policy, or you do not exercise the option within the period of 30 days of receipt of notice, then the policy shall be compulsorily terminated. The Policyholder’s Fund Value as on the date of discontinuance of policy after deducting the Discontinuance Charge shall be converted into monetary terms as specified below and shall be transferred to the Discontinued Policy Fund.
However, you shall have the right to revive such policy within two years from the date of discontinuance but not later than the expiry of 5 years from the date of commencement of policy. On revival of policy, all benefits, as per the terms and conditions of the policy, shall continue from the date of revival.
In case the policy is not revived, then the Proceeds of the Discontinued Policy as specified below shall be paid after completion of 5 years from the date of commencement of policy.
In case of death of the Life Assured before the completion of 5 years from the date of commencement of the policy, the Proceeds of the Discontinued Policy shall be paid to the nominee / legal heir immediately.
If the policy is discontinued after 5 years from the date of commencement of the policy: If you exercises the option for complete withdrawal from the policy, or you do not exercise the option within the period of 30 days of receipt of notice, then the policy shall be compulsorily terminated and Policyholder’s Fund value shall be payable.
Method of calculation of Monetary Amount and Proceeds of the Discontinued Policy:
The conversion to monetary amount shall be as under:
The Proceeds of the Discontinued Policy shall be calculated as under:
Switching shall not be allowed if due premiums have not been paid.
If you exercise the option to revive such policy, then:
The Corporation reserves the right to accept the revival at its own terms or decline the revival of a policy. The revival of a lapsed policy shall take effect only after the same is approved by the Corporation and is specifically communicated in writing to you.
Irrespective of what is stated above, if the Policyholder’s Fund Value is not sufficient to recover the charges during the notice period, the policy shall terminate and thereafter revival will not be allowed.
A policy once surrendered cannot be reinstated.
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to us within 15 days. The amount to be refunded in case the policy is returned within the cooling-off period shall be determined as under:
No loan shall be allowed under this plan.
Assignment shall not be allowed under this plan.
In case the Life Assured commits suicide at any time within one year, the Corporation will not entertain any claim by virtue of the policy except to the extent of the Policyholder’s Fund Value on death.
Live Telecast finished… Thank you…
എടത്വാ പള്ളി പെരുന്നാളിന്റെ ലൈവ് ടെലികാസ്റ്റ് എന്റെ സൈറ്റില് ആറാം തീയതിയും ഏഴാം തീയതിയും ഉണ്ടായിരിക്കുന്നതാണ്
Live Webcast St.George Forane Church Edathua On 6th & 7th May 2012
Please come back on that day
LIC’s JEEVAN VRIDDHI (UIN: 512N268V01)
LIC’s Jeevan Vriddhi is a single premium plan wherein the risk cover is a multiple of premium chosen by you. On maturity this plan offers a Guaranteed Maturity Sum Assured and Loyalty Addition, if any.
i) Death benefit:
On death, Basic Sum Assured shall be payable. The Basic Sum Assured shall be 5 times the Single Premium excluding extra premium, if any.
ii) Maturity Benefit: On maturity, the Guaranteed Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.
iii) Loyalty Addition: Depending upon the Corporation�s experience the policy will be eligible for Loyalty Addition on date of maturity at such rate and on such terms as may be declared by the Corporation.
2. ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
a)Minimum Entry Age : 8 years (completed)
b)Maximum Entry Age : 50 years (nearest birthday)
c)Minimum Basic Sum Assured : Rs.150, 000/-
d)Maximum Basic Sum Assured : No Limit
e)Minimum Premium : Rs. 30,000/-
Premium shall be available in multiples of Rs. 1,000/-.
f)Policy Term : 10 years
g)Premium payment mode : Single premium only
h)Guaranteed Maturity Sum Assured : The Guaranteed Maturity Sum Assured
3. GUARANTEED MATURITY SUM ASSURED:
Guaranteed Maturity Sum Assured for each age at entry per Rs.1000/- Single Premium (exclusive of Service Tax) is as under:
4. INCENTIVE FOR HIGHER PREMIUM:
Incentive for higher single premium by way of increase in the Guaranteed Maturity Sum Assured is as under:
Loan facility will be available under this plan, after completion of one policy year.
6. SURRENDER VALUE:
The policy can be surrendered for cash after the policy has run for at least one year. The minimum Guaranteed Surrender Value allowable is equal to 90% of the Single premium paid excluding extra premium, if any.
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 Guaranteed Maturity Sum Assured as on date of surrender.
7. SERVICE TAX:
Service tax, if any, shall be as per the Service Tax laws and the rate of service tax as applicable from time to time.
The amount of service tax as per the prevailing rates shall be payable by the policyholder on the premium.
9. COOLING-OFF PERIOD:
If you are not satisfied with the �Terms and Conditions� of the policy, you may return the policy to the Corporation within 15 days from the date of receipt of the policy stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of single premium deposited after deducting the risk premium, expenses incurred on medical examination and stamp duty.
The policy shall be void if the Life Assured (whether sane or insane at the time) commits suicide at any time within one year from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of a maximum of (i) 90% of the single premium paid excluding any extra premium paid or (ii) third party�s bonafide beneficial interest acquired in the policy for valuable consideration (but limited to applicable death benefit of this policy) of which notice has been given in writing to the branch where the policy is being presently serviced (where the policy records are kept) at least one calendar month prior to death.
The Programme was conducted in the premises of “NeST Group”, NeST Tower, Techno Park, Trivandrum-81 on 7th February 2012. I was assisted by my team for this programme. The employees of NeST Group were enlightened on various topics like Financial Planning, Retirement Planning, Tax Planning,and other new products of LIC, In addition they were also provided with proper services.
എൽ.ഐ.സി യുടെ കഴിഞ്ഞ സാമ്പത്തിക വർഷത്തെ ലാഭം 22716 കോടി രുപയായി കണക്കാക്കപ്പെട്ടിരിക്കുന്നു. ഇതിന്റെ 5% ആയ 1136 കോടി രുപ കേന്ദ്രസർക്കാരിനുളളതാണ്. ബാക്കി തുക ബോണസ്സായി പോളിസിയുടമകൾക്ക് മാറ്റി വെയ്ക്കും.
എൽ. ഐ. സി യൂടെ വിവിധ പദ്ധതികൾക്കായി പ്രഖ്യാപിച്ച ബോണസ്സു നിരക്കുകൾ ചുവടെ കൊടുത്തിരികുന്നു.
|1. ജീവൻ തരംഗ്|
|2. ജീവൻ പ്രമുഖ്|
|3. ജീവൻ ആനന്ദ്|
|10 വർഷത്തിൽ കുറവ്||36||34|
|20 വർഷത്തിൽ കൂടുതൽ||47||45|
|4. ചൈൽഡ് ഫുച്ചർ പ്ലാൻ|
|20 വർഷത്തിൽ കൂടുതൽ||44||42|
|20 വർഷത്തിൽ കൂടുതൽ||50||48|
|6. ജീവൻ ഭാരതി|