Endowment Insurance Plans
Endowment or Wealth insurance ensures that you receive a lumpsum amount of money at the maturity of the Policy. In the unfortunate event of death during the term of the policy, your family receives lumpsum amount, called the Sum Assured. Thus it combines the benefits of protection and saving in a single instrument.SCHEMES
1) ICICI Pru Future Secure
A Quick Look
ICICI Pru Future Secure, a life insurance plan that helps you save for specific goals in the future, while providing protection for your family from financial distress in case of your untimely demise. Thus the dual benefit of savings and protection it helps you ensure a secure future for your loved ones.
Special Features
- Life cover throughout the policy term, as chosen by you
- Wealth creation through regular bonus additions declared at the end of each financial year
- Maturity benefit, payable at the end of the term, equal to Sum Assured plus vested reversionary bonuses and terminal bonus, if any
- Enhanced coverage through optional riders – Accident and Disability Benefit Rider, Critical Illness Rider and Income Benefit Rider
- Tax benefits on the premium paid and benefits received under the policy, as per the prevailing Income Tax laws
2) ICICI Pru Guaranteed Savings Insurance Plan
A Quick look
Life has many important milestones: your house, your child’s education and marriage, your retirement kitty. It would be your dream to achieve them all with certainty. However, this would need careful planning and a regular savings approach.
Special Features
A Quick look
Life has many important milestones: your house, your child’s education and marriage, your retirement kitty. It would be your dream to achieve them all with certainty. However, this would need careful planning and a regular savings approach.
Special Features
- Limited pay
- Guaranteed benefits
- Additional maturity benefit
- Death Benefit
- Easy to purchase
- Tax benefits
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3)ICICI Pru Whole Life
ICICI Pru Whole Life provides you with a unique double advantage of savings and protection that not only allows you to meet your goals but also seeks to ensure that your dear ones will continue to live their lives in comfort without financial worries in case of unforeseen eventuality.
Special Features
ICICI Pru Whole Life provides you with a unique double advantage of savings and protection that not only allows you to meet your goals but also seeks to ensure that your dear ones will continue to live their lives in comfort without financial worries in case of unforeseen eventuality.
Special Features
- Life cover
- Wealth creation
- Survival benefit
- Additional life cover
- Enhanced coverage through riders
- Avail of tax benefits
4)ICICI Pru Save'n'Protect
All through your life, you have certain responsibilities; your children’s education, marriage expenses and many more. For this you need a plan that offers you both, savings and protection. Keeping this in mind, ICICI Prudential offers you ICICI Pru Save n’ Protect-an ideal plan for those who want to accumulate funds on a regular basis while enjoying insurance protection.
Special Features
All through your life, you have certain responsibilities; your children’s education, marriage expenses and many more. For this you need a plan that offers you both, savings and protection. Keeping this in mind, ICICI Prudential offers you ICICI Pru Save n’ Protect-an ideal plan for those who want to accumulate funds on a regular basis while enjoying insurance protection.
Special Features
- Maturity Benefit
- Death benefit
- Extended Life Cover
- Additional Rider Benefits
5)ICICI Pru CashBak
A Quick Look
In your life, you always look forward to certain milestones. You require an insurance policy that not only provides your family with adequate cover against any unfortunate event happening with your life, but also provides you with liquidity to take care of your financial requirements at these milestones.
ICICI Prudential offers you ICICI Pru CashBak, a single policy that combines the triple benefit of protection, savings and periodic liquidity.
Special Feature
A Quick Look
In your life, you always look forward to certain milestones. You require an insurance policy that not only provides your family with adequate cover against any unfortunate event happening with your life, but also provides you with liquidity to take care of your financial requirements at these milestones.
ICICI Prudential offers you ICICI Pru CashBak, a single policy that combines the triple benefit of protection, savings and periodic liquidity.
Special Feature
- Survival Benefits
- Death benefit
- Additional Rider Benefits
6)LIC JEEVAN ANAND
Jeevan Anand is a With Profit assurance plan. The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. It provides pre-decided Sum Assured and bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.
Special Features
Jeevan Anand is a With Profit assurance plan. The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. It provides pre-decided Sum Assured and bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.
Special Features
- High bonus
- High liquidity
- Savings oriented.
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6)LIC JEEVAN SARAL
LIC's Jeevan Saral is a unique plan having good features of the conventional plans and the flexibility of unit linked plans. To the policyholder it provides :
BENEFITS:
On Death:
SPECIAL FEATURES:
LIC's Jeevan Saral is a unique plan having good features of the conventional plans and the flexibility of unit linked plans. To the policyholder it provides :
- Higher Cover
- smooth returns
- liquidity and a lot of flexibility
BENEFITS:
On Death:
- 250 times the monthly premium, plus
- return of premiums excluding extra/rider premium and first year premium, plus the loyalty addition, if any.
SPECIAL FEATURES:
- High risk cover at low premium
- Extended risk cover for one year after 3 years premium payment.
- Optional higher cover through Term Riders
- The policyholder can choose a maximum term but can surrender at any time without any surrender penalty or loss after 5 years Any number of withdrawals through partial surrendering
7)LIC JEEVAN TARANG
LIC's Jeevan Tarang Plan (Plan No. 178) is a whole of life plan, which provides for annual survival benefit at a rate of 5½ % of the Sum Assured for life time after the chosen Accumulation Period.The plan offers three Accumulation periods - 10, 15 and 20 years.
Benefits
Survival Benefits:
a) The vested simple reversionary bonuses will be payable in one lump sum on survival to the end of the selected Accumulation Period.
b) 5½% of the Sum Assured will be payable on survival to the end of each year after the Accumulation Period. The first survival benefit will be payable on survival to one year after the Accumulation Period is over.
Maturity Benefit:
The Sum Assured along with Loyalty Addition, if any, will be payable on survival of the life assured to the policy anniversary coinciding with or immediately following the completion of 100 years of age.
Death Benefit:
a) The Sum Assured, along with vested reversionary bonuses is payable in case of death of the Life Assured during the Accumulation Period. In case of death before commencement of risk when the Life Assured is aged less than or equal to 12 years, the premiums paid will be returned without any interest. There will be no death benefit either for the Basic Sum Assured or for simple reversionary bonuses since, in such cases, the risk for life cover commences after
2 years from the date of taking of the policy or from the policy anniversary coinciding with or immediately following the date on which life assured completes 7 years of age, whichever is later.
b) The Sum Assured along with Loyalty Addition, if any is payable in case of death of the Life Assured any time after the Accumulation Period.
LIC's Jeevan Tarang Plan (Plan No. 178) is a whole of life plan, which provides for annual survival benefit at a rate of 5½ % of the Sum Assured for life time after the chosen Accumulation Period.The plan offers three Accumulation periods - 10, 15 and 20 years.
Benefits
Survival Benefits:
a) The vested simple reversionary bonuses will be payable in one lump sum on survival to the end of the selected Accumulation Period.
b) 5½% of the Sum Assured will be payable on survival to the end of each year after the Accumulation Period. The first survival benefit will be payable on survival to one year after the Accumulation Period is over.
Maturity Benefit:
The Sum Assured along with Loyalty Addition, if any, will be payable on survival of the life assured to the policy anniversary coinciding with or immediately following the completion of 100 years of age.
Death Benefit:
a) The Sum Assured, along with vested reversionary bonuses is payable in case of death of the Life Assured during the Accumulation Period. In case of death before commencement of risk when the Life Assured is aged less than or equal to 12 years, the premiums paid will be returned without any interest. There will be no death benefit either for the Basic Sum Assured or for simple reversionary bonuses since, in such cases, the risk for life cover commences after
2 years from the date of taking of the policy or from the policy anniversary coinciding with or immediately following the date on which life assured completes 7 years of age, whichever is later.
b) The Sum Assured along with Loyalty Addition, if any is payable in case of death of the Life Assured any time after the Accumulation Period.
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6)LIC JEEVAN BHARTI - only for Women's
Features
Jeevan Bharati is a money back plan covering illness peculiar to women. Female Critical Illness (FCI) benefit and Congenital Disability Benefit (CDB) cover will be available to proposers under the Jeevan Bharati plan.
Special Features
This policy offers guaranteed additions at a rate of Rs.50/- per thousand basic sum assured to accrue at the end of each completed year for which premium is paid, during the first 5 years of a policy and will be paid on death or maturity. 20% of the Sum Assured will be offered at the end of 5/10 years for a 15 year term (balance payable on maturity plus Guaranteed Additions plus bonus, if any) Free Insurance cover: Provided at least two years' premiums have been paid under a policy, full death cover (irrespective of survival benefit payments made) will be admissible for a period of three years from the date of first unpaid premium. Encashment of survival benefits as and when needed: A policyholder can take the survival benefits on or after the due dates, but before the date of maturity.
Features
Jeevan Bharati is a money back plan covering illness peculiar to women. Female Critical Illness (FCI) benefit and Congenital Disability Benefit (CDB) cover will be available to proposers under the Jeevan Bharati plan.
Special Features
This policy offers guaranteed additions at a rate of Rs.50/- per thousand basic sum assured to accrue at the end of each completed year for which premium is paid, during the first 5 years of a policy and will be paid on death or maturity. 20% of the Sum Assured will be offered at the end of 5/10 years for a 15 year term (balance payable on maturity plus Guaranteed Additions plus bonus, if any) Free Insurance cover: Provided at least two years' premiums have been paid under a policy, full death cover (irrespective of survival benefit payments made) will be admissible for a period of three years from the date of first unpaid premium. Encashment of survival benefits as and when needed: A policyholder can take the survival benefits on or after the due dates, but before the date of maturity.
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7)LIC JEEVAN SATHI - For Husband and Wife
Features
This policy is issued on the lives of the husband and wife provided the female's life belongs to Category I or is actively engaged in her spouse's business.
Special Features
In case of death of any one of the policyholder the surviving partner gets the sum assured, the premium is stopped and on death or maturity full Sum Assured along with bonus is paid back. Include DownLoad Brouchure button and link it to "Jeevan Sathi PDF File"
8) Endowment With Profits Features
This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are payable for the selected term of years or until death if it occurs during the term period.
Features
This policy is issued on the lives of the husband and wife provided the female's life belongs to Category I or is actively engaged in her spouse's business.
Special Features
In case of death of any one of the policyholder the surviving partner gets the sum assured, the premium is stopped and on death or maturity full Sum Assured along with bonus is paid back. Include DownLoad Brouchure button and link it to "Jeevan Sathi PDF File"
8) Endowment With Profits Features
- Moderate Premiums
- High Bonus
- High Liquidity
This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are payable for the selected term of years or until death if it occurs during the term period.
9)LIC BIMA ACCOUNT 1
BENEFITS:
a) On maturity: An amount equal to balance in the Policyholder's Account is payable.
b) On death: The Sum Assured and the balance in the Policyholder's Account payable to nominee.
Features: It has two parts
(1) Regular Premium Account &
(2) Top up Premium Account
Regular premium paid will be subject to deduction of charges. The balance premium, net of charges, credited to Regular Premium Account.
Guaranteed annual interest of 6% p.a. for inforce policy and 5% p.a. if the policy is paidup (for the whole of the policy term).
An additional interest rate for inforce policies may be declared. The guaranteed interest payable is on net premium.
BENEFITS:
a) On maturity: An amount equal to balance in the Policyholder's Account is payable.
b) On death: The Sum Assured and the balance in the Policyholder's Account payable to nominee.
Features: It has two parts
(1) Regular Premium Account &
(2) Top up Premium Account
Regular premium paid will be subject to deduction of charges. The balance premium, net of charges, credited to Regular Premium Account.
Guaranteed annual interest of 6% p.a. for inforce policy and 5% p.a. if the policy is paidup (for the whole of the policy term).
An additional interest rate for inforce policies may be declared. The guaranteed interest payable is on net premium.
6)LIC BIMA ACCOUNT 11
BENEFITS:
a) On maturity: An amount equal to balance in the Policyholder's Account is payable.
b) On death: The Sum Assured and the balance in the Policyholder's Account payable to nominee.
Features: It has two parts
(1) Regular Premium Account & (2) Top up Premium Account
Regular premium paid will be subject to deduction of charges. The balance premium, net of charges, credited to Regular Premium Account.
Guaranteed annual interest of 6% p.a. for inforce policy and 5% p.a. if the policy is paidup (for the whole of the policy term).
An additional interest rate for inforce policies may be declared. The guaranteed interest payable is on net premium ICICI Pru LifeStage Wealth II
BENEFITS:
a) On maturity: An amount equal to balance in the Policyholder's Account is payable.
b) On death: The Sum Assured and the balance in the Policyholder's Account payable to nominee.
Features: It has two parts
(1) Regular Premium Account & (2) Top up Premium Account
Regular premium paid will be subject to deduction of charges. The balance premium, net of charges, credited to Regular Premium Account.
Guaranteed annual interest of 6% p.a. for inforce policy and 5% p.a. if the policy is paidup (for the whole of the policy term).
An additional interest rate for inforce policies may be declared. The guaranteed interest payable is on net premium ICICI Pru LifeStage Wealth II
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