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Jeevan Bharati-I
Jeevan Bharati-I
Table No. 192
UIN :- 512N247V01
(Today's woman deserves
something special)
Introduction
The
woman of India takes care of so many lives that she's hardly even left with
time for her own. So, to protect and nurture her life, LIC presents Jeevan
Bharati, a life insurance scheme designed by LIC after researching and
understanding the specific needs of Indian women.
Unique Features
v
Periodic returns of Sum Assured with facility to encash
at will. Attractive benefits if retained with LIC.
v
Participation in the profit.
v
Life cover continues despite non-payment of premium for
a limited period.
v
Critical Illness Benefits for policyholder and
Congenital Disability Benefits for children born to the policyholder.
Benefits
Ø Survival Benefit for
20 Years Term:
v
20% of the Sum Assured payable at the end of 5th year,
10th Year & 15th Year.
v
40% of the Sum Assured payable along with vested
bonuses and Final Additional Bonus, if any, at the end of 20 years.
Ø Survival Benefit for
15 Years Term:
v
20% of the Sum Assured payable at the end of 5 years
and 10th Year.
v
60% of the Sum Assured payable along with vested
bonuses and Final Additional Bonus, if any, at the end of 15 years.
Ø Death Benefit :
v
In case of death during the policy term, the full sum
assured is payable in addition to survival benefits paid earlier. The accrued
bonuses, if any, are also payable.
Ø Special Benefit :
v
Critical
Illness (CI) and Congenital Disability Benefit (CDB) cover
will be available.
v Critical
Illness
§
A benefit equal to the Sum Assured (subject to a
maximum of Rs. 5,00,000) will be available under this plan on the occurrence of
defined critical Illness.
Ø Congenital Disability
Benefit (CDB)
v
If a child born to the policy holder, suffers from any
one of the specified congenial disabilities, a benefit equal to 50% of the Sum
Assured (subject to a maximum of Rs. 5,00,000) will be available under this
plan. This benefit is available for two children and will not be payable if
birth of the child occurs after the proposer attains the age of 40 years. This
benefit will be payable only if age at entry is upto age 35 years.
Ø Free Insurance Cover :
v
After the first 2 years premium has been paid, even if
premium payments is discontinued, the risk cover for full sum assured will
continue for 3 years from the due date of the first unpaid premium. However,
this cover is not available for accident benefit. Special benefits (CI &
CDB) described above will not be paid during the period.
Options
Ø Encashment of Survival
Benefits as and when needed:
v
The policyholder at her option may avail the survival
benefit any time on or after its due date. If opted to avail later, increased
survival benefit at such rate of interest decided by the Corporation will be
payable. Present interest rate is 4% per annum.
Ø Flexibility to pay
premium in advance:
v
The policyholder will have the flexibility to pay the
next yearly premium in advance (in not more than three installments) during the
year. She will be eligible for a premium rebate of 5% p.a. Corporation reserves
the right to change the rate of interest from time to time.
Ø Option to receive
maturity proceeds in the form of an annuity:
v
Provided the policy is in full force on the stipulated
date of maturity, the policy holder if she so desires will have the option to
receive the maturity in the form of any immediate annuity. This option shall be
exercised 6 months before the date of maturity. The rate of annuity will be
based on the immediate annuity rates prevalent at the time of stipulated date
of maturity.
Features
Ø
Money back policy with a fixed term of 15 & 20
years.
Ø
Minimum Sum assured - Rs. 50,000/- thereafter in multiple
of Rs. 5,000
Ø
Maximum Sum Assured - Rs. 25,00,000/-
Ø
Minimum Age at entry - 18 years last Birthday
Ø
Maximum Age at entry- 55 years near Birthday
Ø
Maximum Age at maturity - 70 years near Birthday
Ø
Modes Allowed -
Yearly
Ø
The Accident Benefit coverage is available subject to
payment of Re 1/- per thousand
