Saturday, November 19, 2011

How to Apply

New Customer care number for LIC Vir Savarkar Block Shakarpur New Delhi branch, For new policy only is 011-43045745 or Visis this link LICOFINDIA.COM

Jeevan Saral

http://licofindiadelhi.weebly.com/lic-jeevan-saral.html
Product Summary:
This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of term and a lot of liquidity.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death.
Loyalty Additions:
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit.  Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.
Death Benefit:
250 times the monthly premium together with loyalty additions, if any, and  return of premiums excluding first year premiums and extra/rider premium, if any, is payable in lump sum on death of the life assured during the term of the policy.
Maturity Benefit:
The Maturity Sum Assured plus Loyalty additions, if any, is payable in a lump sum.
Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra protection/option.  An additional premium is required to be paid for these benefits.
Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender values are available on earlier termination of the contract. The surrender value will be the greater of the guaranteed surrender value and special surrender. The plan also allows for partial surrenders.
Guaranteed Surrender Value:
The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.

Special Surrender Value:
80% of Maturity Sum Assured if 3 or more years’ but less than 4 years’ premiums have been paid; 90% of the Maturity Sum Assured, if 4 or more years’ but less than 5 years’ premiums have been paid and 100% of the Maturity Sum Assured, if 5 or more years’ premiums have been paid. The Maturity Sum Assured for this para will be the Maturity Sum Assured corresponding to the term for which premiums have been paid under the policy.

Corporation’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is usually higher than the Guaranteed Surrender Value. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.

The Corporation reviews the surrender value payable under its plans from time to time  depending on the economic environment, experience and other factors.

Note: The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.




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)

Jeevan Anand


Jeevan Anand - Table No. 149 {Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi

Jeevan Anand:

This plan is a combination of Endowment Assurance and WholeLife plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at
the end of the selected term in case of his survival. The speciality of this plan is Moderate Premiums, High Bonus, High Liquidity, Savings oriented.
Product Highlight:
  • Double benefits - Double Maturity
  • The premiums need to be paid for maximum of 75 Years.
  • The minimum age at entry is 18 years, while the maximum age is 65 years.
  • The minimum sum assured is Rs. 1 lakh while there is no maximum limit.
  • The minimum term is 5 years while the maximum term is 57 years.
  • The premium can be paid on a Quaterly, Half-yearly or yearly basis.
  • This is a "with profits" plan which pays reversionary non-guranteed bonuses at the end of every financial year.
  • Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
  • Tax benifits under section 88 for the premium paid+the maturity/death proceeds received are Tax Free.
  • No private company is having such type of plan.
 Benefits:
Maturity Benefit:
When the policyholder survives till date of maturity and policy is in force the benefits payable are
 Full Sum Assured+Vested Bonuses+Final Additional Bonus.
 Risk cover continues after maturity without need to pay premium upto 100 years.
  
 If death occurs during the premium paying term Sum Assured+Bonus+FAB, if any is payable and premium
 payment is ceased. An extra amount equal to the S.A is payable if death occurs after the premium paying
 term.
Accident Benefit:
 An additional Sum Assured (subject to a limit of Rs.5 lakh) is payable in a lump sum on death due to
 accident up to age 70 of life assured. In case of permanent disability of the life assured due to
 accident this additional Sum assured is payable in instalments.
  
Extra Benefits:
 These are the optional benefits that can be added to your basic plan for extra protection/option. An
 additional premium is required to be paid for these benefits.
  
Surrender Value:
 Buying a life insurance contract is a long-term commitment. However,surrender values are available on
 the plan on earlier termination of the contract.
  
Example: Mr.Rakesh 25 years, opts for Jeevan Anand for 20 years with S.A of Rs. 1 Lac. He has to pay
 annual premium of Rs. 5490/- On maturity, Mr. Rakesh will get Rs.1,98,000+FAB if any. Even after the
 premium Term is over, risk cover continues till the death of Mr. Rakesh.
 But if, Mr. Rakesh dies at the age of 70 years his nominee will get an additional amount equal to the Sum
 Assured i.e Rs. 1 Lac.

LIC


LIC Branch code & address - New Delhi

LIC of India,Delhi CAB 1021
Delhi Branch Code: 1021
Career Agents' Branch Office
517 Kothi Bhagwan Das Gandhi Nagar.
Main Road Delhi,Gandhinagar (Cab)
Pin Code: 110031
Customer Care Number  for new Policy 011-43045745

LIC of India Delhi Branch Code: 108
B O Unit No 108
6/32-33 W.E.A. Gurudwara Road
Karol Bagh New Delhi 110005


LIC of India Delhi Branch Code: 111
New Delhi Branch Unit 111
Bombay Life Building N Block.
Conaught Place, New Delhi 110001


LIC of India Delhi Branch Code: 112
New Delhi Branch Unit 112 N 69
Bombay Life Bldg Connaught Place.
New Delhi 110001


LIC of India Delhi Branch Code: 113
Jeevan Tara Bldg.Gate No.4 Ist Floor
5 Parliament Street.
New Delhi 110001


LIC of India Branch Code: 114
Delhi Br Unit 114
State Bank Bldg
2nd Flr Chandni Chowk
New Delhi 110006


LIC of India Delhi Branch Code: 115
New Delhi Branch Unit 115
N 72 Connaught Circus.
New Delhi 110001


LIC of India Delhi Branch Code: 116
New Delhi Branch Unit 116
Lakshmi Insc Bldg 1st Flr Asaf Ali Rd.
New Delhi 110002


LIC of India,New Delhi Br Unit 117
3rd Floor
Jeevan Prakash 25 Kasturba Gandhi Marg.
New Delhi 110001


LIC of India New Delhi Branch Unit 118
64 Janpath, New Delhi 110001


LIC of India,New Delhi Br Unit 119
Branch Code: 119
C 38 Shopping Cum Office Complex
Opp Mulchand Hospital .
New Delhi


LIC of India Delhi Branch Code: 11A
Janakpuri(New Delhi) B O
B-1/10 Community Center
Janakpuri 110058


LIC of India,Delhi branch Unit No- 11B
30-31 Vir Sawarkar Block 2nd Floor.
Vikas Marg, Gandhi Nagar
Pin Code: 110092


LIC of India,New Delhi branch Office 11C
Central Hall
Clock Tower Bldg Khan Market.
New Delhi 110003


LIC of India,Delhi Branch Unit No 11D
30-31 Veer Savarkar Block
Shakarpur, Delhi 110092
Customer Care Number  for new Policy 011-43045745

LIC of India, Delhi Branch Office 11E
16-A Kamla Nagar Roop Nagar
Delhi 110007


LIC of India,New Delhi Branch Unit 11F
M-1, South Extension part II
New Delhi 110017


LIC of India,New Delhi Branch Office 11J
Jeevan Prakash Bldg 1st Floor 25.
Kasturba Gandhi Marg
New Delhi 110001


LIC of India,New Delhi Branch Unit 11K
12/56 Deshbandhu Gupta Road
Karol Building, Faiz Road Chowk Cbo
New Delhi 110005


LIC of India,Delhi Branch Unit 11L
Plot No.16 I Block Sector 1
Vijay Nagar Narela
Delhi 110040


LIC of India, Delhi Branch Unit 11M
Zulfae Bangal
G.T.Road Shahdara
Delhi 110092


LIC of India,New Delhi Branch code 11N
18-A/2 Desu Road
Mehrauli New Delhi 110030


LIC of India,New Delhi Branch Unit 11P
29 & 30 Anuvrat Tower Community Centre.
Wazirpur,New Delhi 110052


LIC of India,New Delhi Branch code 11R
Flat No. C-316 to 325
August Kranti Bhawan
Bhikaji Cama Place New Delhi 110066
Customer Care Number  for new Policy 011-43045745

LIC of India,New Delhi Branch office 11S
Goverdhan Bldg
53-54 Nehru Place
New Delhi 110019


LIC of India,New Delhi Branch Code: 11T
C-29 Community Center
Phase I Naraina Vihar.
New Delhi 110028


LIC of India,New Delhi 11W Branch Office
Plot No-17 L.S.C. F-Block
Bhera Enclave Paschim Vihar
New Delhi 110087


LIC of India, New Delhi Branch Unit 11X
NBCC Plaza,Sector 5
Pushpa Vihar New Delhi 110017


LIC of India,Branch Office 11Y New Delhi
Rz-1 Rati Ram Park.
Najafgarh Village
New Delhi 110043


LIC of India,Delhi Branch Unit 120
F-41 [1st Floor]
Connaught Place New Delhi 110001
Customer Care Number  for new Policy 011-43045745

LIC of India,Delhi Branch Unit No 123
G/1 Model Town.
Delhi 110009


LIC of India,Delhi Branch Code: 124
Karol Bagh Branch
Bapu Bhawan Sat Nagar Karol Baug.
Guru Ravidas Marg
New Delhi 110005


LIC of India,Delhi Br Unit 126
Bharat Base Bldg 1st Flr
10 Daryaganj.
New Delhi 110002


LIC of India, Mehrauli Branch Office
Delhi Branch code 127
Shop Nos 19/C 19/D 20/D Vasant Lok.
D D A Shopping Complex
New Delhi 110087


LIC of India,Delhi Branch Unit 128
C-26/27 Community Centre.
Janak Puri New Delhi 110058


LIC of India,Delhi Branch Office 129
20-A First Floor Shivaji Marg
Near Motinagar Police Station
New Delhi 110018
Customer Care Number  for new Policy 011-43045745

LIC of India,12A Branch Office New Delhi
16a/8 W.E.A.(Near New Bloom School)
Karol Bagh New Delhi 110005


LIC of India,Branch Office 12B New Delhi
A-15 Mohan Co-Op Industrial Area 1st Fl.
Opp Sarita Vihar
New Delhi


LIC of India,Branch Office 12C New Delhi
3909-3912 Himalton Road
Mori Gate
Delhi 110006


LIC of India,12D Branch Office New Delhi
A-5 Competent House-Ii 1st Floor.
Jagatpuri Chowk
New Delhi


LIC of India,12E Branch Office New Delhi
Local Shopping Centre F Block 1st Floor.
Ring Road Naraina
New Delhi 110028


LIC of India,12f Branch Office Delhi
Tirupati Balaji Bldg
13/14 D D A Shopping Centre.
Pocket II Mayur Vihar
Delhi 110091
Customer Care Number  for new Policy 011-43045745

LIC of India,New Delhi Branch code 12G
Flat No 12g Second Floor
9 Vardhaman Trade Centre.
Nehru Place New Delhi
New Delhi 110019


LIC of India,New Delhi Branch unit 12H
C-5-6 Sanjay Market
Sector 2 Rohini
Delhi 110085


LIC of India,Delhi Branch Office 12K
F-149 Main Bazar
Laxmi Nagar.
Delhi 110092
Customer Care Number  for new Policy 011-43045745

LIC of India,Delhi Branch Office 12L
Plot No.6 Jeevan Pragti Building
Laxmi Nagar 110092


LIC of India, Dwarka, New Delhi Branch Code: 12N
Dwarka Plot No 7 & 8 (IIIrd Floor)
Central Market Sec-6 Dwarka
New Delhi 110075


LIC of India,New Delhi Timarpur Branch
Delhi Branch Code: 12P
2/25 Roop Nagar
Timarpur New Delhi 110007


LIC of India,Adarshanagar Branch Office
Delhi Branch unit Branch Code: 12T
109-B/1 Panchavati.
Adarshanagar Delhi 110033


LIC of India,Udaipur Branch Office I
Branch Code: 197
Jeevan Raksha Post Box No 24.
Delhi Gate Udaipur Rajasthan
City: Udaipur I 313001


LIC of India,Transport Nagar Br Office
LIC Branch Code: 19R
Godown No 25 Truck Stand Scheme
Transport Nagar Delhi Bye-Pass.
Jaipur302002


LIC of India,Meerut Branch Iv 25K
LIC Branch Code: 25K Delhi Road
Meerut


LIC of India,Baghpat Branch Office,Bhagwati
LIC Branch Code: 25P
Bhavan Chanday Vidhayak Market
Baghpat Chowk Delhi-Sharanpur Road.
Baghpat Dist Meerut Up


LIC of India,New Delhi(Janpath)
LIC Branch Unit No 310
Oriental Annexe 1st & 2nd Floor.
86 Janpath New Delhi 110001


LIC of India,New Delhi Branch unit 311
D D A Shopping / Office Complex
4th Flr V Blk No 5 Rajendra Place.
New Delhi


LIC of India,New Delhi Branch 312
31 Community Centre Friends Colony.
New Delhi 110065

For More Assistant for New Policies : Call Customer care Number 011-43045745
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LIC of India,Nizamuddin Branch Office
LIC Branch Code: 31A
Nehru House Bahadur Shah Zafar Marg
New Delhi 110002


LIC of India,Lajwanti Darden CBO
LIc Branch Code: 31B
First Floor Jeevan Pravah
District Center Janakpuri
New Delhi 110058


LIC of India,Nizamuddin Branch Office
LIC Branch Code: 31C
F-19 United India Building II-Floor
Connaught Place
New Delhi 110001


LIC of India, Delhi Branch Code: 31D
Pl House, Kikarwala Chowk
3C/2, New Rohtak Road
Karol Bagh 110005


LIC of India,New Delhi,Branch Unit 320
Laxmi Insc Bldg
2nd Flr Asaf Ali Rd.
New Delhi 110002


LIC of India,New Delhi Branch unit 326
1st Floor 12/1 Jeevan Raksha Bldg
Asaf Ali Rd.
New Delhi 110002


LIC of India,New Delhi Branch 327
Sunlight Insce Bldg 1st Flr .
Asaf Ali Road
New Delhi 110002
For More Assistant for New Policies : Call Customer care Number 011-43045745
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LIC of India,New delhi CBO 33A
LIC Branch 33A
4-B/2 Tilak Nagar.
New Delhi


LIC of India,New delhi CBO 33B
LIC Branch Code: 33B
Jeevan Pravah
2nd Floor Distt Centre Janakpuri.
New Delhi 110058


LIC of India,Delhi-I P & GS Unit
LIC Branch Code: G103 Jeevan Prakash
Post Box No 102.
25 Kasturba Gandhi Marg New Delhi.
City: Delhi (P&Gs)
For More Assistant for New Policies : Call Customer care Number 011-43045745
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ULIP Centre Branch Code: U011, D.O., Delhi-I
New Delhi


ULIP Centre Branch Code: U012, D.O., Delhi-II
New Delhi


ULIP Centre Branch Code: U033, D.O., Delhi-III
New Delhi


LIC of India Zonal Office Branch ZO01
Jeevan Bharti Tower-II 124
Connaught Circus P.B.No.630
New Delhi 110001