Lic's - Jeevan Nischay ( Plan No.: 199)

JEEVAN NISCHAY (PLAN NO.-199)
(Single Premium Plan With Guaranteed Returns)
Available From 29/10/2009 To 31/03/2010
"Jeevan Nischay" is a single premium plan available only for existing policy holders of LIC. It will be accepted on Non-Medical basis & income tax rebate shall be available under this Plans.
Other features:-

• Min Entry Age:- 18 years (Completed)
• MaxEntry Age:- 50 years (Not Beyond this Date)
• Min Single Premium:-Rs.10,000/-( Ten thousand )
• Max Single Premium:-Rs.10 lakh
• Policy Terms:- 5 yr., 7yr., 10yr.

Death Benefit:-

1. On death in first year :- 5 times the single premium
2. On death after 1 year :- Maturity Sum Assured
3. On death in last Policy year :- Maturity Sum Assured + Loyality Addition

Maturity Banefit :- Maturity Sum Assured + Loyalty Addition
Maturity Sum Assured :- Maturity Sum Assured rate per thousand single premium are given in Annexure -1
Incentive for Large Premium:-
Premium----------------------------Increase in Maturity Sum Assured---------
-----------------------------------(As % Of Tabular Maturity SA)-----------
-------------------------5 Years--------------7 Years----------------10Years
10,000-24,999------------NIL------------------NIL--------------------NIL----
25,000-49,999------------3% ------------------3.75%------------------4.5%---
50,000-99,999------------4% ------------------5.25%------------------6.5%---
1 lakh & above-----------5.25%----------------6.75%------------------8.5%---

Loan & Surrender :- Loan & Surrender shall be available after 1year.

Example - Age 25years-Single Premium - 1 lakh
Term 5yrs.-Term 7yrs.-Term 10yrs.
Maturity Benefit-Maturity Benefit- MaturityBenefit
Maturity SA-1,32,194-Maturity SA-1,50,410-Maturity SA-1,86,186
--Plus-----------------Plus-----------------Plus--------------
Loyality Addition-Loyality Addition-Loyality Addition