Lic’s Jeevan Aastha (Plan No.195)

Lic’s Jeevan Aastha (Plan No.195)

A single Premium Assurance Plan
With Guaranteed Additions And Loyalty Additions

Benefits

a) Death Benefit :

On death during the first policy year : Basic Sum Assured with Guaranteed Addition.
On death during the policy term after first policy year, excluding last policy year: 1/3rd of Basic Sum Assured with Guaranteed Addition.
On death during last policy year : 1/3rd of Basic Sum Assured with Guaranteed Addition along with loyalty Addition, if any.

b) Maturity Benefit :

On maturity, the Maturity Sum Assured along with Guaranteed Addition and loyalty Addition, if any,shall be payable Maturity Sum Assured shall be 1/6th of Basic Sum Assured.

c) Guaranteed Addition :

The policy provides for Guaranteed Addition at the following rates:
· Rs.100 per thousand of Maturity Sum Assured per year for a policy of 10years term.
· Rs.90 per thousand of Maturity Sum Assured per year for a policy of 5years term.

d) Loyalty Addition :

Depending upon the Corporation’s experience with regard to policies issued under this plan the policy will be eligible for loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the corporation.

Eligibility Conditions and Restrictions

a) Minimum Entry Age : 13 years (Completed)
b) Maximum Entry Age : 60 years ( nearest birthday)
c) Minimum Basic Sum Assured : Rs.150,000
d) Maximum Basic Sum Assured : No Limit
The basic sum assured shall be available in multiples of Rs.30,000.
e) Policy Term : 5 or 10 years.

Mode of Premium Payment : Single Premium

Rebates
 Large Sum Assured Rebate on tabular premium per thousand Basic Sum Asured

Basic Sum Assured 5 years 10 years
Below Rs.3,00,000 Nil Nil
Rs.3,00,000 to 5,99,999 Rs.2.00 Rs.3.00
Rs.6,00,000 to Rs.11,99,999 Rs.2.50 Rs.3.50
Rs.12,00,000 and above Rs.3.00 Rs.4.00

Guaranteed Surrender Value : Available

Facility of Loan at notional rates

Provision of Loyalty Addition

Back Dating Allowed Assignments Allowed

Comments

Chirag Jethmalani. said…
LIC policy "Jeeven Astha" has nothing special I found. They are also selling it via Policy Bazaar.
LIC Jeeven Astha
January 18, 2009 at 2:01 PM
commercial liability insurance said…
There are variety of life insurance plans that LIC is selling. This plan is lesser attractive as compared to other ones. I am in the process of making out a life insurance policy for my wife but need some guidance about which one suit best. Please do suggest me.
June 13, 2011 at 1:51 PM
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February 20, 2013 at 2:56 AM
Unknown said…
Dear Sir/Madam,

This is to inform you that I am a Sr. Agent of the Insurance Company from Delhi, if you have any query or buy any Plan of LIC policy or any type of Insurance just like Mediclaim (Individual or Floter), Car, Scooty, Truck, Bike or any type of Vehicle Insurance, Burglary or fire Insurance, Money Insurance....,,,,
Directly contact me on my below mentioned Mobile no.

Thanks,
Upasna
8826111811
(When you call, Please talk to me you see the advt. on the Internet)
August 19, 2015 at 2:27 PM
Unknown said…
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