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LIC Jeevan Lakshya Plan No 833

Jeevan Lakshya is a limited premium paying plan which provides Annual Income Benefit to fulfill the family requirements. In case of death of the policy holder takes place prior to the maturity, 10% of the basic sum assured will be paid on every policy anniversary, further it also provides a lump sum amount at the time of maturity regardless of survival of the policyholder.

Jeevan Lakshya Eligibility

Death Benefits:

1. In case of unfortunate event of death of policy holder happens during the policy term, 10% of the basic sum assured amount will be given to the nominee on every policy anniversary from the year of death till the date of maturity.

2. At the time of maturity i.e. at the end of policy term, nominee will be paid

Basic Sum Assured on death (110% of sum assured) + Vested simple Revisionary Bonuses + Final Additional Bonus (If Any)

Maturity Benefits:

If policy holder survives till the end of the policy term having paid all due premiums, the benefits from the policy would be:

Basic Sum Assured + Vested Simple Revisionary bonuses + Final Additional bonus (if any)

LOAN & SURRENDER OPTIONS AVAILABLE

TERM, ACCIDENT AND DISABILITY BENEFIT RIDER AVAILABLE

Comparison Old Jeevan Anand Plan No 149 to New Jeevan Anand Plan No 815

LIC Launches New Jeevan Anand Plan (Table No. 815). As per the rule of IRDA most of the LIC plans are revised.
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Below are the list of changes done in new Jeevan Anand Plan (Table No. 815) compared to old Jeevan Anand Plan (Table No. 149).

	Jeevan Anand (Plan No. 149)	New Jeevan Anand (Plan No. 815)
Maturity Benefit	Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.	Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any
Death Benefit	During the policy term - Basic Sum Assured(BSA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. After expiry of policy term - Basic Sum Assured	During the policy term - ‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. After expiry of policy term - Basic Sum Assured
Survival Benefit	No Change	No Change
Age at entry	18 to 65 years	18 to 50 years
Age at Maturity	Maximum 75 Years	Maximum 75 Years
Policy Term	5 to 57 years	15 to 35 years
Premium mode	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured	100000 and above	100000 and above ( In multiples of 5000)
Surrender Value	Available after completion of 1 year.	Available at any time during the policy term subject to realisation of the premium cheque.
Loan	Available after payment of 3 full years premiums. Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies irrespective of the policy term. Foreclosure action was initiated on default of 2 or more half-yearly loan interest installments.	Available after payment of 3 full years premiums The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term. Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is a default of loan interest.
Guaranteed Surrender Value (GSV)	Available after payment of 3 full years premiums. GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any Cash Value of vested bonuses, if any	Available after payment of 3 full years premiums. GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for. Examples of GSV factors applicable for total premiums paid Policy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term)
Special Surrender Value (SSV)	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be surrender value factors as provided in Table-1A and 2A(whole life) of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be Special surrender value factors as provided in Table-1A and 2A(Whole life) of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Other Changes	A Policy may be revived within a period of 5 years from the date of first unpaid premium. Accident Benefit inbuilt. Taxes, if any , were borne by the corporation.	A Policy may be revived within a period of 2 years from the date of first unpaid premium., Accident Benefit as a rider. Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
NO Changes in	Back Dating Grace Period Paid-up Value Assignment/Nomination	Back Dating Grace Period Paid-up Value Assignment/Nomination

Comparison of Old Money Back Plan 93 to New Money Back Plan 821

LIC launches New Money Back plan for 25 Years - Table no 821. As per the rule of IRDA most of the LIC plans are revised.Call us on 9898382402 or leave us your details here for more details

Below are the list of changes done in new Money Back Plan 821 compared to old Money Back Plan 93.

	Money Back Plan -25 years (Plan No. 93)	New Money Back Plan – 25 years (Plan No. 821)
Maturity Benefit	40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.	No Change
Death Benefit	Sum Assured(SA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.	Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death .
Survival Benefit	15 % every 5 years	No Chnage
Paid-up value	Paid-up value per thousand Sum Assured	Paid –up value shall be equal to [(Number of premiums paid/ Total Number of premiums payable)x Basic Sum Assured less total amount of Survival Benefits paid under the policy
Age at entry	13 to 45 years	13 to 45 years
Age at Maturity	Maximum 70 years	Maximum 70 years
Policy Term	25 Years	20 Years
Premium mode	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured	50,000 and above	1,00,000 and above ( In multiples of 5000)
Rebate	3% of tabular Premium for Yearly premium 1.5% of tabular premium for Half-Yearly premium	2% of tabular premium for Yearly premium 1% of tabular premium for Half-Yearly premium
Loan	Available after payment of 3 full years premiums. Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies. Foreclosure action shall be initiated on default of 2 or more half-yearly loan interest installments.	Available after payment of 3 full years premiums The maximum amount of loan that can be granted as a percentage of Surrender Value be as under: For inforce and fully paid-up policies – upto 90% For paid-up policies – 80% Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is default of loan interest.
Guaranteed Surrender Value (GSV)	Available after payment of 3 full years premiums Before Payment of Survival Benefit: GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any. After Payment of Survival Benefit: GSV shall be 30% of the premiums paid after the due date on which last SB was paid less extra premium, if any.	Available after payment of 3 full years premiums. GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders, if opted for. Less any Survival Benefits already paid. Examples of GSV factors applicable for total premiums paid Policy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term)
Special Surrender Value (SSV)	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Main Changes	A Policy may be revived within a period of 5 years from the date of first unpaid premium. Taxes, if any , were borne by the Corporation.	A Policy may be revived within a period of 2 years from the date of first unpaid premium. Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
NO Changes in	Back Dating Grace Period Assignment/Nomination	Back Dating Grace Period Assignment/Nomination

Comparison Old Money Back 20 Years Plan 75 to New Money Back 20 Years Plan no 820

LIC launches New Money Back plan for 20 Years Table No. 820

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As per the rule of IRDA most of the LIC plans are revised.

Below are the list of changes done in new Money Back plan 820 compared to old Money Back plan 75.

	Money Back Plan -20 years (Table No. 75)	New Money Back Plan – 20 years (Table No.820)
Maturity Benefit	40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.	No Change
Death Benefit	Basic Sum Assured(BSA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.	‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death .
Survival Benefit	20% of the sum assured in every 5th, 10th and 15th year	No Change
Paid-up value	Paid-up value per thousand Sum Assured	Paid –up value shall be equal to [(Number of premiums paid/ Total Number of premiums payable)x Basic Sum Assured less total amount of Survival Benefits paid under the policy.
Age at entry	13 to 50 years	13 to 50 years
Age at Maturity	Maximum 70 years	Maximum 70 years
Policy Term	20 Years	15 years
Premium mode	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured	50,000 and above	1,00,000 and above ( In multiples of 5000)
Rebate	3% of tabular Premium for Yearly premium 1.5% of tabular premium for Half-Yearly premium	2% of tabular premium for Yearly premium 1% of tabular premium for Half-Yearly premium
Loan	Available after payment of 3 full years premiums. Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies. Foreclosure action shall be initiated on default of 2 or more half-yearly loan interest installments.	Available after payment of 3 full years premiums he maximum amount of loan that can be granted as a percentage of Surrender Value be as under: For inforce and fully paid-up policies – upto 90% For paid-up policies – 80% Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is default of loan interest.
Guaranteed Surrender Value (GSV)	Available after payment of 3 full years premiums Before Payment of Survival Benefit: GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any. After Payment of Survival Benefit: GSV shall be 30% of the premiums paid after the due date on which last SB was paid less extra premium, if any.	Available after payment of 3 full years premiums. GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders, if opted for. Less any survival Benefits already paid. Examples of GSV factors applicable for total premiums paid Policy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term)
Special Surrender Value (SSV)	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.	Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Main Changes	A Policy may be revived within a period of 5 years from the date of first unpaid premium. Taxes, if any , were borne by the Corporation.	A Policy may be revived within a period of 2 years from the date of first unpaid premium. Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
No Changes in	Back Dating Grace Period Assignment/Nomination	Back Dating Grace Period Assignment/Nomination

Comparison Old Bima Bachat Plan 175 to New Bima Bachat Plan No 816

LIC Launches New Bima Bachat Plan Table No. 816

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As per the rule of IRDA most of the LIC plans are revised. Below are the list of changes done in new Bima Bachat Plan Table No. 816 compared to old Bima Bachat Plan Table No. 175
.

	Bima Bachat Plan (Table No. 175)	New Bima Bachat plan (Table No.816)
Maturity Benefit	Single Premium Paid along with loyalty addition less extra premiums ,if any.	Single Premium Paid along with loyalty addition less Taxes and extra premiums ,if any
Death Benefit	Payment of Sum Assured	First 5 years: Sum Assured shall be payable. After completion of 5 years: Sum Assured and Loyalty Additions, if any shall be payable.
Survival Benefit	No Change	No Change
Paid-up value
Age at entry	15 to 66 years irrespective of the policy term	Minimum - 15 years Maximum- 66 Yrs for 9 Yrs 63 Yrs for 12 Yrs 60 Yrs for 15 Yrs
Age at Maturity	Maximum 75 Years	Maximum 75 Years
Policy Term	9 , 12 and 15 years	9 , 12 and 15 years
Premium mode	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured	Minimum 20000 and in multiple of Rs 5000 No upper limit	Minimum 9 Yrs - 35K 12 Yrs - 50K 15 Yrs - 70K Maximum- No upper Limit, SA shall be in multiple of Rs.5000
Surrender Value	Available after completion of 1 year.	Available at any time during the policy term subject to realisation of the premium cheque.
Loan	Loan available after payment of first premium. Loan can be granted upto 90% of the Special Surrender Value	Loan facility available after completion of 1 policy year Loan can be granted upto 60% of Surrender Value.
Guaranteed Surrender Value (GSV)	GSV is equal to 90% of the single premium paid excluding extra premium and less amount of Survival benefits paid earlier	1st Year ~ 70% of Single Premium excluding taxes and extra premium,if any. There after ~ 90% of Single Premium excluding all Survival Benefits paid earlier, taxes and extra premium, if any.
Special Surrender Value (SSV)	Discounted value of Single Premium paid excluding extra premium, if any.	Discounted value of Single Premium paid excluding taxes and extra premium,if any.
Main Changes	Service Tax was borne by the corporation.	Service Tax shall be applicable at the prevailing rates and borne by the policyholder as per rules.
NO Changes in	Back Dating Paid-up Value Assignment/Nomination	Back Dating Paid-up Value Assignment/Nomination

Comparison Old Endowment Plan 14 to New Endowment Plan no 814

LIC launches New Endowment Plan (Table No 814). As per the rule of IRDA most of the LIC plans are revised.

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Below are the list of changes done in new Endowment Plan 814 compared to old Endowment Plan 14.

	Endowment Assurance Plan (Table No. 14)	New Endowment Plan (Table No.814)
Maturity Benefit	Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.	No Change
Death Benefit	Sum Assured (SA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.	‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

Age at entry	12 to 65 years	8 to 55 years
Age at Maturity	Maximum 75 years	Maximum 75 years
Policy Term	5 to 55 years	12 to 35 years
Premium mode	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)	Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured	50,000 and above	1,00,000 and above ( In multiples of 5000)
Rebate	3% of tabular Premium for Yearly premium 1.5% of tabular premium for Half-Yearly premium	2% of tabular premium for Yearly premium 1% of tabular premium for Half-Yearly premium
Loan	Available after payment of 3 full years premiums. Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies. Foreclosure action shall be initiated on default of 2 or more half-yearly loan interest installments.	Available after payment of 3 full years premiums The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term, Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is default of loan interest.
Guaranteed Surrender Value (GSV)	Available after payment of 3 full years premiums GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any.	Available after payment of 3 full years premiums. GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for. Examples of GSV factors applicable for total premiums paid Policy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term)

Main Changes	A Policy may be revived within a period of 5 years from the date of first unpaid premium. Taxes, if any , were borne by the Corporation.	A Policy may be revived within a period of 2 years from the date of first unpaid premium. Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
NO Changes in	Back Dating Paid-up Value Grace Period Assignment/Nomination	Back Dating Paid-up Value Grace Period Assignment/Nomination