LIC Jeevan Surbhi

Jeevan Surabhi - Table No 107 (20 Years Money Back Policy)

Jeevan Surabhi plan is similar to other money back plans. However main differences in regular money back plans and Jeevan Surabhi are:  

• Maturity term is more than Premium Paying Term.
• Early and Higher rate of Survival Benefit payment.
• Risk cover Increases every Five years.

 This plan is suitable for each and every person, who wish to provide for their old age and family feel the need for lump sum benefits at periodical intervals. When we plan for saving our hard earned money, our focus is always to ensure that they are not impacted by market volatility and that the risk adjusted returns are in line with our financial aims. We also want our savings to be tax efficient and want liquidity so that we can overcome any eventuality.

  

Security : This plan guarantees return of your capital by means of theGuaranteed Maturity Benefit.

Safety : Your Death Benefit increases with each passing year and ensures that if the unexpected happens, you will be covered.

Extra Savings : Through Survival Benefits, which are over and above the Guaranteed Maturity Benefit.

Smart Savings : Through Survival Benefits accumulating and growing over time. Once accumulated Survival Benefits are Guaranteed!

Liquidity : Through withdrawals from your accumulated Survival Benefits.

Tax Benefits : As per applicable tax laws under Section 80C and 10(10D).

  

Plan Parameters

Policy Term: 20 Yrs

Prem Paying Term: 15 Yrs

Age at Entry: Min. 14 Yrs Max. 50 Yrs

Sum Assured: Min. 50,000 Max. No Limit

Mode of Payment: Yearly/HYly/Qly/Mly/SSS

Sum Assured (S.A):

0-5 Yr           6-10 Yr       11-15 Yr         16-20 Yr       

Only S.A      1.5 S.A        2 times S.A     2.5 times S.A 

  

Survival Benefit:

 At the end of 4 Yrs   - 25% of Sum Assured

 At the end of 8 Yrs   - 25% of Sum Assured

 At the end of 12 Yrs  -25% of Sum Assured

 At the end of 15 Yrs  -25% of Sum Assured

 At the end of 20 Yrs - Total Bonus (Bonus rate x 20 x S.A)

  

Benefits:

Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term. Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.

Bonuses :

This is a with-profit plan and participate in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Death Benefit:

 The Sum Assured alongwith the additional cover, if any, plus all bonuses declared till death is payable in a lump sum upon the death of the life assured during the policy term. The survival benefits paid prior to death will not be deducted from the claim amount.

Illustration:

Mr Rahul age 29 starts a Jeevan Surabhi (Table 107) of Sum Assured 2 Lacs. He pays Rs. 18,123/- as yearly premium. He will pay premium for only 15 years and at the end 18 years he will get all his Sum Assured amounts. But risk cover continues upto 20 yrs and at the end of 20th policy year he will get all Bonus for his policy.

At the end of 4 Yrs - 25% of 2 Lacs = 50,000/-

At the end of 8 Yrs - 25% of 2 Lacs = 50,000/-

At the end of 12 Yrs - 25% of 2 Lacs = 50,000/-

At the end of 15 Yrs -25% of 2 Lacs = 50,000/-

At the end of 20 Yrs - Rs. 1,84,000/- (Total Bonus)

Death Benefit:

Mr Rahul has already taken 2 times survival benefit Rs. 50,0000/- and if he expires after 11 policy year then, his nominee will get 2 times S.A+Bonus

=Rs. 5,01,200/- (4,00,000+1,01,200)

Lic Plan List- All Policies

Children plans
Jeevan Anurag
Komal Jeevan
CDA Endowment Vesting At 21 
Marriage Endowment Or
Educational Annuity Plan
CDA Endowment Vesting At 18 
Jeevan Kishore
Jeevan Chhaya
Child Career Plan
Child Future Plan
Child Fortune Plus 

Plans for Handicapped
Jeevan Aadhar
Jeevan Vishwas 

Endowment Assurance Plans
The Endowment Assurance Policy
The Endowment Assurance Policy-Limited Payment
Jeevan Mitra(Double Cover Endowment Plan)
Jeevan Mitra(Triple Cover Endowment Plan)
Jeevan Anand
New Janaraksha Plan
Jeevan Amrit 

Plan for high worth individuals
Jeevan Shree-I
Jeevan Pramukh 

Money Back PlansThe Money Back Policy-20 Years
The Money Back Policy-25 Years
Jeevan Surabhi-15 Years
Jeevan Surabhi-20 Years
Jeevan Surabhi-25 Years
Bima Bachat 

Money Back plan for women
Jeevan Bharati - I 

Wholelife Plans
The Whole Life Policy
The Whole Life Policy- Limited Payment
The Whole Life Policy- Single Premium
Jeevan Anand
Jeevan Tarang 

Term Assurance Plan
Two Year Temporary Assurance Policy
The Convertible Term Assurance Policy
Anmol Jeevan-I
Amulya Jeevan-I 

Joint Life Plan
Jeevan Saathi Plus
Jeevan Saathi

LIC of India Bonus Information for 2010-2011

	Whole Life	ENDOWMENT TYPE POLICY TERM				Plan 88,89,4 Policy term			8   Plan 133 Policy term			Money Back & Anticipated
		10 & les s	11 to 15	16 to 20	21 & Above	15 & les s	16 to 20	21 & mor	15 e & less	16 to 20	21 & mor	12 & 15	20	25
Reversiona ry & Interim Bonus	70	34	38	42	48	40	44	48	40	45	50	32	39	44
	Jeevan Surbh Policy Term ( 106,107,108)			JEEVAN ANAND (149) PREMIUM PAYING TERM				JEEVAN REKHA-152 Premium Paying Term				JEEVAN TARANG-178 Accumulation period
	15	20	25	UPTO 10 yrs	11 to 15	16 to 20	21 & above	UPTO 10 yrs	11 to 15	16 to 20	21 & above	10	15	20
Reversionary & Interim Bonus	34	41	50	36	39	43	47	49	44	40	34	46	46	48
	JEEVAN ANURAG-168 Policy  term				New Jeevan Suraksha-1 Plan 147 ( Deferment period)				New Jeevan Dhara-1 Plan 148 (Deferment period)
	UPTO 10 yrs	11 to 15	16 to 20	21 & above	UPTO 5 yrs	6 to 10	11 to 15	16yrs & above	UPTO 5 yrs	6 to 10	11 to 15	16yrs & above
Reversionary & Interim Bonus	38	40	42	44	21	27	31	35	20	25	28	32
	Jeevan Madhur- 182		Child Career Plan-Plan- 184 Policy term			Child Future plan Plan- 185 Policy term			Jeevan Bharati Plan160		JEEVAN AMRUT Plan no 186 Policy Term
	Up to 10 yrs	11 to 15 yrs	11 to 15 yrs	16 to 20 yrs	21 yrs & above	11 to 15 yrs	16 to 20 yrs	21 yrs & above	15 yrs	20 yrs	10 TO 15	16 TO 20	21 YRS ABOVE
Reversionary & Interim Bonus	21	26	34	38	40	38	42	44	38	40	30	30	30
	JEEVAN SHREE-1 Plan no 162 Policy Term			JEEVAN NIDHI PLAN NO 169				JEEVAN PRAMUKH-167 POLICY TERM *			JEEVAN BHARATI-I TERM-192
	10 & 15	20 yrs	25 yrs	UPTO 10 yrs	11 to 15	16 to 20	21 & above	10 & 15	20	25	15	20
Interim Bonus	42	46	50	32	34	36	38	44	48	52	29	31

PAYABLE ON MATURITY CLAIM AND IF DATE OF DEATH IS IN THE YEAR OF MATURITY ONLY- PER 1000 SUM ASSURED.
PLAN	TERM	LOYALTY ADDITION RATE
135- BAL VIDYA	11	250
135- BAL VIDYA	12	300
135- BAL VIDYA	13	350
135- BAL VIDYA	14	400
136- JEEVAN VISHWAS	ALL	40
137-NAV PRABHAT	ALL	90
142-NEW BIMA NIVESH	10	25
143-BIMA NIVESH TRIPLE	10	100
158- BIMA NIVESH 2002	10	100
171-BIMA NIVESH 2005	5	70

PAYABLE ON DEATH CLAIM PER 1000 SUM ASSURED
PLAN	TERM	LOYALTY ADDITION RATE
137- NAV PRABHAT	ALL	40

PAYABLE ON DEATH CLAIM PER 1000 SUM ASSURED
PLAN	TERM	LOYALTY ADDITION RATE
137- NAV PRABHAT	ALL	40

DURA TION *	POLICY TERM UNDER PLAN 150- NEW BIMA KIRAN
	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25
6	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%
7	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%
8	4%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%
9	5%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%
10	20%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%	5%
11		20%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%
12			20%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%	6%

PAYABLE ON MATURITY CLAIM ONLY AND DEATH CLAIM- PER 1000 SUM ASSURED.
PLAN	DURATION ELAPSED	LOYALTY ADDITION RATE
113-    CHILDREN    MONEY BACK POLICY	UPTO 11	NIL
	12	10
	13	15
	14	20
	15	30
	16	40
	17	50
	18	65
	19	80

DURATION ON   DEATH AND   TERM ON MATURITY	JEEVAN SANCHAY PLAN NUMBERS
	124	125	126
13	10
14	25	10	10
15	50	20	15
16		30	15
17 PAYABLE ON MATURITY AND DEATH CLAIM – RATE IS PER 1000 SUM ASSURED DURATION ON DEATH OR TERM ONMATURITY LOYALTY ADDITION RATE 13 14 10 15 15 16 20 17 30 PAYABLE ON MATURITY OR  DEATH CLAIM – RATE IS  PER 1000  SUM ASSURED DURATION ON DEATH AND TERM ON MATURITY LOYALTY  ADDITION  RATE ON SUM ASSURED 4 25 5 30 6 35 7 40 8 45 9 55 10 65 11 75 PAYABLE ON DEATH CLAIM ONLY – RATE IS  PER 1000 MATURITY SUM ASSURED ( NOT DEATH SUM ASSURED) PLAN DURATION LOYALTY  ADDITION  RATE ON       MATURITY       SUM ASSURED 165- JEEVAN SARAL 10 250 LOYALTY ADDITION PAYABLE ON MATURITY OR DEATH CLAIM RATE PER 1000 SUM ASSURED DURATION ON DEATH TERM ON MATURITY JEEVAN SAMRIDHI  PLAN NUMBERS 154 155 156 157 6 20 20 20 25 7 25 25 25 30 8 30 30 30 35 9 40 40 40 40 10 50 50 50 50 11 80 70 60 60 LOYALTY ADDITION PAYABLE ON MATURITY OR DEATH CLAIM RATE PER 1000 SUM ASSURED DURATION ON   DEATH TERM     ON MATURITY NEW JEEVAN SHREE PLAN NUMBERS 151-10 151-15 151-20 151-25 8 35 35 35 30 9 70 40 40 35 10 130 45 45 40 11 50 50 45 12 60 55 50 ;widt � 3 t �_� � > DURATION ON DEATH TERM ON MATURITY POLICY TERM UNDER PLAN 112- JEEVAN SHREE- SINGLE PREMIUM AND REGULAR PREMIUM BOTH 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 9 40 30 20 10 10 10 10 10 10 10 10 10 10 10 10 10 10 70 55 45 35 30 25 20 15 15 15 15 10 10 10 10 10 11 0 105 70 55 40 25 25 20 20 20 20 15 15 15 15 15 12 0 140 90 65 45 40 35 30 25 25 20 20 20 20 20 13 0 175 105 80 70 60 50 40 40 30 30 30 30 25 14 0 210 160 120 90 70 55 50 45 40 40 40 40 15 0 180 150 120 90 70 65 60 55 50 50 16 345 250 190 140 105 90 80 70 65 60 17 450 300 200 145 120 100 85 70 70 18 560 350 200 150 125 105 85 85 19 680 260 200 150 125 105 105 PAYABLE ON DEATH CLAIM – RATE IS AS PER PREMIUM BAND DURATION OF POLICY AS ON DEATH SINGLE PREMIUM BAND AMOUNT     OF LOYALTY ADDITION 5 YEARS UPTO 99999 NIL 1,00,000 TO 1,49,999 300 1,50,000 TO 2,49,999 600 2,50,000 TO 3,49,999 1,000 4,00,000 AND ABOVE 2,000 No of years # Year of valuation  31/03/2011 Up to 25,000 25,001 to 50,000 50001 to 1,99,999 2,00,000 & above 15 0 0 10 20 16 0 0 15 25 17 0 10 20 30 18 10 15 25 35 19 15 20 30 50 20 20 25 40 70 21 25 30 50 100 22 30 50 80 150 23 35 100 150 250 24 70 150 230 350 25 170 250 330 450 26 270 350 430 550 27 370 450 540 670 28 470 550 650 790 29 570 650 760 910 30 670 750 900 1,100 31 800 900 1,100 1,300 32 950 1,050 1,300 1,550 33 1,100 1,200 1,550 1,800 34 1,250 1,350 1,700 2,050 35 1,400 1,500 1,850 2,300 36 1,550 1,650 2,050 2,550 37 1,700 1,800 2,250 2,800 38 1,850 1,950 2,500 3,050 39 2,000 2,100 2,750 3,300 40 yrs and above 2,150 2,500 3,000 3,550 No of Years # Amount of final additional bonus per 1000 S.A. Up to 25000 25,001 to 50,000 50,001 to 1,99,999 2,00,000 & above Upto 14 yrs 0 0 0 0 15 to 19 yrs 0 0 15 20 20 yrs 0 10 30 40 21 to 24 yrs 10 20 30 40 25 yrs 40 150 175 225 No of Years # Amount of final additional bonus per 1000 S.A. Up to 25000 25,001 to 50,000 50,001 to 1,99,999 2,00,000 & above Up to 14 yrs 0 0 0 0 15 to 19 yrs 0 0 20 30 20 yrs 40 50 75 100 21 – 22 yrs 40 80 100 125 idth:6� m > 7 �_� � 225		40	20