PPT On New PLans

STC Mumbai

LICs NEW ENDOWMENT PLAN

TABLE NO. 814

Table No 814-New Endowment

(1 ) Age at entry has been reduced :(8 yrs to 55 yrs ).
(2) Policy term modified : ( 12 to 35 yrs ) .
(3) Min Sum assured is : ( 1 Lac) .
(4) All modes of Prem Payment : ( allowed ) .
(5 ) Maturity benefit : No change .
(6) Death benefit : BSA or 10 times of annualized Prem ,
whichever is higher + Bonus+ FAB ( death benefit will not
be less than 105% of total Prem Paid)
(7) Loan / SV : ( Not much change ) .
(8) Revival : ( within 2 yrs of FUP ) .
(9) Service Tax to be born by Policyholder.

Other Important Points

(1 ) Agents commission:
Policy term

1st yr

2 & 3 yr

Subsequent yr

12 to 14

20%

7.5%

5%

15 & above

25%

7.5%

5%

Bonus commission :- 40% of 1st yr comm .

(2) DOs credit :12 to 14 yrs term 60%
15 yrs & above term 100%
(3) Lower ages Prem slightly increased .
(4) Higher ages and Max term: ( Prem less even after
inclusion of S.tax hence return in higher ages improved) .

Gist of Premium rate comparison

between Table 14 & 814
Premium Reduced in Plan 814
From Age 44 to 55 Yrs. premium rates have reduced for Any
Term.
For Term 34 and above premium rates reduced FIRST Time
at Age 24.
Highest reduction in premium rate is 9.65 per thousand S.A.
at Age 55 for term 20 Yrs.

Premium Increased in Plan 814

Highest increase at Age 20 & 21 for Term 12 Yrs. by 1.90 per
thousand S.A.

LICs NEW MONEY BACK PLAN

TABLE NO. 820 & 821

NEW MONEY BACK PLANS TABLE 820 & 821

PARTICULAR

PLAN 820 NEW

MONEY BACK 20
YEARS

PLAN 821 NEW

MONEY BACK 25
YEARS

ENTRY AGE

13-50 YEARS

13-45 YEARS

MAX MTY AGE

70 YEARS

70 YEARS

POLICY TERM

20 YEARS

25 YEARS

PREM. PAYING
TERM

15 YEARS

20 YEARS

MIN. S.A.

1,00,000

1,00,000

SURVIVAL BENEFIT 20% OF SA

15% OF SA
AFTER 5TH , 10TH & AFTER 5TH , 10TH
15TH YEAR
15TH & 20TH YEAR

NEW MONEY BACK PLANS TABLE 820 & 821

PARTICULAR

PLAN 820 NEW

MONEY BACK 20
YEARS

PLAN 821 NEW

MONEY BACK 25
YEARS

MATURITY
BENEFIT

40% OF SA +
BONUS+FAB

40% OF SA +
BONUS+FAB

DEATH
BENEFIT

1.25XBSA OR
10XANNUALISED
PREM, WHICHEVER IS
HIGHER + BONUS +
FAB (DEATH BENEFIT
WILL NOT BE LESS
THAN 105% OF PREM
PAID)

1.25XBSA OR
10XANNUALISED
PREM, WHICHEVER
IS HIGHER + BONUS
+ FAB (DEATH
BENEFIT WILL NOT
BE LESS THAN 105%
OF PREM PAID)

LOAN/S.V.

AVAILABLE AFTER 3
YEARS

AVAILABLE AFTER 3
YEARS

20yrs & 25 yrs new money back ( Plan-820& 821

(1 ) Some favourable points:
i) Min S.A is now 1 Lac .
ii) No Prem to be paid for last 5 yrs of the policy term .
iii) Total Prem to be paid is lower than earlier .
iv) Commission rate of agents :1st yr
20%

2 & 3 yrs
7.5%

subsequent yrs
5%

v) Bonus commission:- 40% of 1st yr commission .

vi) DOs credit :- full .

LICs NEW JEEVAN ANAND

TABLE NO. 815

10

New Jeevan Anand Policy (Plan-815)

(1 ) Age: 18 to 50 yr (earlier upto 65 yrs).
(2) Max. Mty age: 75 yrs (same as earlier)
(3) Term: 15 to 35 yrs (earlier 5 57)
(4) Mode: all modes allowed.
(5) Min SA: 1 Lac (same as earlier)
(6) Mode rebate: 2% for Yly, 1% for Hly (reduced)
(7) High SA rebate: 1.50%0 to 3%0 BSA (increased)
(8) Mty Benefit: BSA+Bonus+FAB.
(9) Death Benefit: i)During policy term (1.25*BSA or
10*annual Prem (whichever is higher) + Bonus+FAB)
ii) After expiring policy term- (Basic SA)
(Death benefit will not be less than 105% of total Prem paid (less taxes) as on
date of death) .

New Jeevan Anand Policy (Plan-815)

(10) Accident Benefit : Available as a rider (earlier
inbuilt upto 5 lacs)
(11 ) Loan: After 3 yrs ( 60% to 90% of SV )
(12) SV: After 3 yrs
(13) Revival: Within 2 yrs of FUP
(14) Service tax: To be born by policy holder.

LICs NEW BIMA BACHAT

TABLE NO. 816

13

New Bima Bachat Policy (Plan-816)

(1 ) Age: 15 to 66 (max maturity age 75 yrs).
(2) Term : Same 9yrs 12yrs 15yrs
(2) Min S.A: 35,000 -- 50,000 -- 70,000
(4) Survival benefit: same 15% of SA after every 3 yrs.
(5) Maturity benefit: same as earlier. Refund of Premium
( excluding taxes) plus loyalty addition .
(6) Death benefit: (i ) upto to 5 yrs Basic SA
(ii) after 5 yrs - Basic SA+ LA
(7) High SA rebate: based on term & SA band.
(8) S.V available at any time : earlier after 1 yr.
(9) Loan available after 1 year: earlier immediately .
(10) Service tax to be born : by policy holder .

PREMIUM COMPARISION
AGE

40

45

50

TABLE/TERM

S.A.

SINGLE
PREM.

816-12

50000

40197

175-12

50000

37062

816-12

100000

77901

175-12

100000

73247

816-12

200000

154398

175-12

200000

146814

LICs NEW SINGLE PREMIUM

ENDOWMENT PLAN
TABLE NO. 817

16

Single Premium Endowment (Plan-817)

(1 ) Age: 90 days to 65 yrs (n.b.d).
(2) Mty age: 18 to 75 yrs
(3) Term: 10 to 25 yrs
(4) Min SA: 50,000
(5) Risk date: i) If age less than 8 yrs risk will start either after 2 yr from
DOC or policy anniversary after completion of 8 yrs of age whichever
is earlier.
ii) Age 8 yrs & more from DOC
(6) Maturity benefit: SA+Bonus+FAB if any.
(7) Death benefit:(i)before risk dateReturn of Prem excluding S. tax
(ii)after risk date- SA+ Bonus+FAB if any
(8) Loan: available after 1 yr.( 30 to 90% of SA depending upon policy
term & duration)
(9) S.V value: any time during term.
(10) Service tax to be born : by policy holder .

Why? LIC Single Premium Endowment Plan

S: Single premium- one time investment .
P:Protection Risk cover for full Assured .
E: Excellent for meeting educational needs of
young ones .
C: Children from the age of 90 days can be
covered .
I: Ideal for investment planning. Wide range of
policy term .
A: Attractive participates in profits .
L :Liquidity through loan .
Best for Reinvestment of ULIP SV

THANK YOU

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