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K.SANKAR SBA

K.SANKAR SBA. UNIT MEETING. TOPICS FOR THE DAY. All the 9-NEW PLANS Review of our TEAM’S Performance YEARLY GOAL Review. What are the NEW PLANS of LIC ?. Table-814 - NEW ENDOWMENT PLAN Table-815 - NEW JEEVAN ANAND Table-816 – NEW BIMA BACHAT Table-817 – SINGLE PREMIUM ENDOWMENT PLAN

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K.SANKAR SBA

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  1. K.SANKAR SBA UNIT MEETING

  2. TOPICS FOR THE DAY • All the 9-NEW PLANS • Review of our TEAM’S Performance • YEARLY GOAL Review

  3. What are the NEW PLANS of LIC ? • Table-814 - NEW ENDOWMENT PLAN • Table-815 - NEW JEEVAN ANAND • Table-816 – NEW BIMA BACHAT • Table-817 – SINGLE PREMIUM ENDOWMENT PLAN • Table-818 – NEW JEEVAN NIDHI • Table-820 – NEW MONEY BACK PLAN (20-YRS) • Table-821 – NEW MONEY BACK PLAN (25-YRS) • Table-822 –ANMOL JEEVAN II • Table-823 – AMULYA JEEVAN II

  4. NEW ENDOWMENT PLAN (814)

  5. NEW ENDOWMENT PLAN (814) • New Avatar of our most popular Table-14 • Age at Entry: 8-completed Max Entry: 55-yrs • Terms: 12 to 35 years only; Max Maturity Age:75 • Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY • Minimum Sum Assured: 1-Lac No Maximum Limit • All Male Lives & Females of all Categories eligible • All Non-Medical Schemes eligible as per rules • All Age-Proofs (Standard, NSAP-1/2/3) acceptable • Service Tax to be borne by Policyholder as per Govt rules

  6. BENEFITS OF TABLE - 814 • Maturity Benefits • Death Benefits • Accident Benefit & Disability Benefit (AB & DB)

  7. MATURITY BENEFITS SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable)

  8. DEATH BENEFIT • Sum Assured on Death (SAD) + BONUS + FAB • What is Sum Assured on Death? • It is: • Basic Sum Assured (or) • 10-times of Annualized Premium (or) • 105% of the Premiums paid as on date of death; Whichever is Higher….

  9. ACCIDENT BENEFIT & DISABILITY BENEFIT (AB &DB RIDER) • AB & DB Rider is nothing but EPDB. • What is AB & DB Rider? • Covers Accidental Death as well as Permanent Disability • If death occurs due to accident, 1-more SA is payable. • For Permanent Disability of any 2-Limbs due to Accident, • Future Premium is waived • Basic SA is given back to the Policyholder in 120-instalments • Full SA + all other maturity Benefits are given on Maturity.

  10. OTHER FEATUERES OF TABLE - 814 • Loan Facility available after 3-years • Surrender allowed after 3-years • Lapsed Policy to be revived within 2-years from FUP • Commission rates are: 35% in 1st year, 7.5% in 2nd & 3rd and thereafter 5% in subsequent years • No Foreclosure action is taken for IN-FORCE policies • Service Tax to be borne by the Policyholder.

  11. NEW JEEVAN ANAND (815)

  12. NEW JEEVAN ANAND (815) • New Avatar of our most popular Table-149 • Age at Entry: 18-completed Max Entry: 50-yrs • Terms: 15 to 35 years only; Max Maturity Age:75 • Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY • Minimum Sum Assured: 1-Lac No Maximum Limit • All Male Lives & Females of all Categories eligible • All Non-Medical Schemes eligible as per rules • All Age-Proofs (Standard, NSAP-1/2/3) acceptable • Service Tax to be borne by Policyholder as per Govt rules

  13. BENEFITS OF TABLE 815 • Maturity Benefits • Death Benefits • Accident Benefit & Disability Benefit (AB & DB) • FREE RISK COVER after MATURITY

  14. MATURITY BENEFITS SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable)

  15. DEATH BENEFIT • Sum Assured on Death (SAD) + BONUS + FAB • What is Sum Assured on Death? • It is: • 125% of Basic Sum Assured (or) • 10-times of Annualized Premium (or) • 105% of the Premiums paid as on date of death; Whichever is Higher….

  16. ACCIDENT BENEFIT AND DISABILITY BENEFIT (AB & DB RIDER) • AB & DB Rider is nothing but EPDB. • What is AB & DB Rider? • Covers Accidental Death as well as Permanent Disability • If death occurs due to accident, 1-more SA is payable. • For Permanent Disability of any 2-Limbs due to Accident, • Future Premium is waived • Basic SA is given back to the Policyholder in 120-instalments • Full SA + all other maturity Benefits are given on Maturity.

  17. FREE RISK COVER AFTER MATURITY • FREE RISK COVER for Basic Sum Assured life-long • DAB Cover is available up to Age:70

  18. NEW JEEVAN ANAND (815) • NEW • JEEVAN ANAND • IS A • WODERFUL • PLAN

  19. NEW BIMA BATCHAT PLAN (816)

  20. NEW BIMA BATCHAT PLAN (816) • Single Premium Money Back Plan for 9, 12 & 15 years • Age at Entry: 15-completed Max Entry: 66-yrs Max Maturity Age:75 • Minimum Sum Assured: 35,000/50,000/75,000 (9,12,15) • All Male Lives & Females of all Categories eligible • All Non-Medical Schemes eligible as per rules • All Age-Proofs (Standard, NSAP-1/2/3) acceptable • Service Tax to be borne by Policyholder as per Govt rules

  21. Features and Benefits of 816 • SB of 15% of SA payable every 3-years • Return of Premium + Loyalty Addition on Maturity • Death Benefit: • Within 5-years: SA is payable • After 5-years: SA + Loyalty Addition is payable • Loan available after 1-year • Surrender of Policy can be done ANYTIME.

  22. SINGLE PREMIUM ENDOWMENT (817)

  23. SINGLE PREMIUM ENDOWMENT (817) • Age at Entry: 90-DAYS completed Max Entry: 65-yrs • Terms: 10 to 25 years only; Max Maturity Age:75 • Minimum Sum Assured: 50000 No Maximum Limit • All Male Lives & Females of all Categories eligible • All Non-Medical Schemes eligible as per rules • All Age-Proofs (Standard, NSAP-1/2/3) acceptable • Service Tax to be borne by Policyholder as per Govt rules

  24. NEW MONEY BACK PLAN (820)

  25. NEW MONEY BACK PLAN (820) • Limited Premium money back plan; Term:20; PPT: 15 • Age at Entry: 13-completed Max: 50-yrs; Max Maturity:70 • Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY • Minimum Sum Assured: 1-Lac No Maximum Limit • All Male Lives & Females of all Categories eligible • All Non-Medical Schemes eligible as per rules • All Age-Proofs (Standard, NSAP-1/2/3) acceptable • Service Tax to be borne by Policyholder as per Govt rules

  26. BENEFITS of Table No. 820 • Survival Benefits • Maturity Benefits • Death Benefits • Accident Benefit & Disability Benefit (AB & DB)

  27. SURVIVAL BENEFITS 820 • At the end of 5th year: 20% of the Sum Assured • At the end of 10th year: 20% of the Sum Assured • At the end of 15th year: 20% of the Sum Assured

  28. MATURITY BENEFITS 820 Balance 40% SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable)

  29. DEATH BENEFIT 820 • Sum Assured on Death (SAD) + BONUS + FAB • What is Sum Assured on Death? • It is: • 125% of Basic Sum Assured (or) • 10-times of Annualized Premium (or) • 105% of the Premiums paid as on date of death; Whichever is Higher….

  30. Accident Benefit & Disability Benefit (AB & DB Rider) • AB & DB Rider is nothing but EPDB. • What is AB & DB Rider? • Covers Accidental Death as well as Permanent Disability • If death occurs due to accident, 1-more SA is payable. • For Permanent Disability of any 2-Limbs due to Accident, • Future Premium is waived • Basic SA is given back to the Policyholder in 120-instalments • Full SA + all other maturity Benefits are given on Maturity.

  31. Other Features of Table-820 • Loan Facility available after 3-years • Surrender allowed after 3-years • Lapsed Policy to be revived within 2-years from FUP • Commission rates are: 28% in 1st year, 7.5% in 2nd & 3rd and thereafter 5% in subsequent years • No Foreclosure action is taken for IN-FORCE policies • Service Tax to be borne by the Policyholder.

  32. NEW MONEY BACK PLAN (821) • Limited Premium money back plan; Term:25; PPT: 20 • Age at Entry: 13-completed Max: 45-yrs; Max Maturity:70 • Modes allowed: Yly/Hly/Qly/ECS/SSS. No MONTHLY • Minimum Sum Assured: 1-Lac No Maximum Limit • All Male Lives & Females of all Categories eligible • All Non-Medical Schemes eligible as per rules • All Age-Proofs (Standard, NSAP-1/2/3) acceptable • Service Tax to be borne by Policyholder as per Govt rules

  33. BENEFITS of Table-821 • Survival Benefits • Maturity Benefits • Death Benefits • Accident Benefit & Disability Benefit (AB & DB)

  34. SURVIVAL BENEFITS • At the end of 5th year: 15% of the Sum Assured • At the end of 10th year: 15% of the Sum Assured • At the end of 15th year: 15% of the Sum Assured • At the end of 20th year: 15% of the Sum Assured

  35. MATURITY BENEFITS Balance 40% SUM ASSURED + REVERSIONARY BONUS + FINAL ADDITIONAL BONUS (if applicable)

  36. DEATH BENEFIT • Sum Assured on Death (SAD) + BONUS + FAB • What is Sum Assured on Death? • It is: • 125% of Basic Sum Assured (or) • 10-times of Annualized Premium (or) • 105% of the Premiums paid as on date of death; Whichever is Higher….

  37. Accident Benefit & Disability Benefit (AB & DB Rider) • AB & DB Rider is nothing but EPDB. • What is AB & DB Rider? • Covers Accidental Death as well as Permanent Disability • If death occurs due to accident, 1-more SA is payable. • For Permanent Disability of any 2-Limbs due to Accident, • Future Premium is waived • Basic SA is given back to the Policyholder in 120-instalments • Full SA + all other maturity Benefits are given on Maturity.

  38. Other Features of Table No. 821 • Loan Facility available after 3-years • Surrender allowed after 3-years • Lapsed Policy to be revived within 2-years from FUP • Commission rates are: 28% in 1st year, 7.5% in 2nd & 3rd and thereafter 5% in subsequent years • No Foreclosure action is taken for IN-FORCE policies • Service Tax to be borne by the Policyholder.

  39. new jeevan nidhi 818

  40. 818- NEW JEEVAN NIDHI • Eligibility Conditions, Restrictions and Benefits: • Age at entry: 20 – 58 years N.b.d (for Regular Premium ) • Age at entry: 20 – 60 years N.b.d (for Single Premium) • Age at vesting: 55 – 65 years • Deferment term: 7 – 35 years (for Regular Premium ) • Deferment term: 5 – 35 years N.b.d (for Single premium ) • Basic Sum Assured: 1, 00,000 – No limit (Under regular premium Plan in multiples of 5000) • Basic Sum Assured: 1, 50,000 – No limit (Under single premium Plan in multiples of 5000)

  41. new jeevan nidhi 818 • Payment Modes: Single, Yearly, Half yearly, Quarterly, Monthly (ECS or salary deduction) • Mode Rebates Yearly 2% of TP, Half Yearly 1% of TP • Basic Sum Rebates For 3,00, 000 & above – Regular Rs. 2.00 / Single Rs. 3.00 per thousand BSA • ADDB rider (Optional) Rs 1.00 per / Rs 1.50 per thousand SA. Min. SA 1, 00,000. Opt able any time • Service Tax 2013-2014 First year 3.09% Subsequent 1.545% • Loan Not allowed • Surrender Regular:- After 2 years for Def.

  42. new jeevan nidhi 818 • Single Premium: if within 3 years of DOC then 70% of Single premium • Death Benefit** Before first 5 years : BSA + GA @ 50 per thousand BSA which is Payable as Lump sum / Annuity OR Partly Lump sum & Balance as annuity Death Benefit After first 5 years: BSA plus GA for 5 Years @ 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. (Payable Lump sum / Annuity OR Partly Lump sum & Balance as annuity) ** Total death benefit at any time shall not be less than 105% of total premiums paid.

  43. new jeevan nidhi 818 • Benefits on Vesting** BSA plus GA for 5 Years @ 50 per thousand BSA plus Bonus accrued from 6th year of policy plus Final additional Bonus if any. ** Proceeds are Payable in two choices o Purchase an immediate annuity. From LIC of India only. After commuting to the extent allowed under IT act. / Without commuting o Purchase a new single premium deferred pension product from LIC of India Without commuting ** Provided the amount required is sufficient to purchase a minimum amount of annuity .If not it will be paid out in a lump sup

  44. L.I.C’sTERM INSURANCE PLANS • PLAN No-822 ANMOL JEEVAN – II • PLAN No-823 AMULYA JEEVAN – II

  45. Term Assurance Plans: 822 & 823

  46. term assurance plan • New Anmol JEEVAN II • Plan No. 822

  47. Anmol jeevan II 822 FEATURES • Pure Term Assurance Policy • Low Premium, Low Risk Cover Plan • Ideal for: • Youngsters making start-in-life • People interested in pure risk cover only

  48. Anmol jeevan II 822 DEATH BENEFIT • Full Sum Assured is paid to the Nominee in the event of death of the Policy Holder

  49. Anmol jeevan II 822 Features not available in the plan • Maturity - No Maturity would be given to the policyholder at the end of the term • Surrender value - No surrender value will be available under this plan • Loan - Loan facility is not available in this plan • Paid up value -The policy will not acquire any paid up value

  50. Anmol jeevan II 822 PLAN SPECIFICATION • Minimum Age - 18 (years completed) • Maximum Age – 55 (nearest birthday) • Minimum Term – 5 • Maximum Term - 25 • Minimum Sum Assured – 6,00,000 • Maximum Sum Assured – 24,00,000

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