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Life Insurance Products
Get the latest information on all LIC's plans and all private insurance companies.
Founded in 1956,Life Insurance Corporation of India (LIC) is the Largest life insurance company in the country with a total income of Rs. 492626.60 core and total assests worth Rs. 2572028.34Cr It’s fully owned by the Goverment of the Goverment of India & is also the country largest investor.
Plan Information
- Age Entry : 18-62 yrs
- Policy Term : 12/16/21 yrs PPT : 8/9
- Sum Assured : 3,00,000-No limit
- Sum Assured multiples : 10000
- Mode of payment : All ServiceTax 1st year : 4.5%
- Subsequent year : 2.25%
- Loan : After 2 yrs
- Surrender : After 2 yrs
- On Death : SA+Bonus+FAB Sum Assured on death is 125% of Basic Sum Assured or 10 times of Annualized Premium or 105% of total premiums paid whichever is higher On
- Maturity : SA+Bonus+FAB
Plan Highlight
25 years Years
21 years Years
16 years Years
Plan illustration for SA 2 Lakh for term 20 years and payable Term 20 years.
First Year Premium for Age 18
2nd year onwards
| Premium | GST(4.5%) | Payable Prem | |
|---|---|---|---|
| YLY | 9256 | 440 | 9696 |
| HLY | 4674 | 222 | 4896 |
| QLY | 2360 | 112 | 2472 |
| MLY | 787 | 37 | 824 |
| Premium | GST(2.25%) | Payable Prem | |
|---|---|---|---|
| YLY | 9256 | 220 | 9476 |
| HLY | 4674 | 111 | 4785 |
| QLY | 2360 | 56 | 2416 |
| MLY | 787 | 19 | 806 |
- SA:20000
- BONUS:250000
- FAB:90000
- MATURITY:5400000
- Total Premium:151836
Disclaimer :
Disclaimer: The Benefits shown in this presentation are as per the 8% Benefit illustration of LIC of India, Actual values may vary, depends on the corporation profits and expenses.